CTBI

Community Trust Bancorp, Inc.

$52.45

0.73

(1.4%)

Exchange:	NASDAQ
Market Cap:	949.826M
Shares Outstanding:	8.4M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc. that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts. Its loan products include commercial, construction, mortgage, and personal loans; lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset-based financing; residential and commercial real estate loans; and consumer loans. The company also provides cash management, renting safe deposit boxes, and funds transfer services; issues letters of credit; and acts as a trustee of personal trusts, executor of estates, trustee for employee benefit trusts, and paying agent for bond and stock issues, as well as an investment agent and depositor for securities. In addition, it offers securities brokerage, and trust and wealth management services; debit cards; annuity and life insurance products; and repurchase agreements, as well as mobile, internet banking, and e-statement services. The company operates 79 banking locations in eastern, northeastern, central, south central Kentucky, southern West Virginia, and northeastern Tennessee; 4 trust offices across Kentucky; and 1 trust office in northeastern Tennessee. Community Trust Bancorp, Inc. was founded in 1903 and is headquartered in Pikeville, Kentucky.

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Revenue Segmentation

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EPS

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Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	179,056	181,462	185,910	194,107	195,069	205,551	223,542	227,018	221,320	313,443
? Cost Of Revenue	0	0	0	0	0	0	0	0	-105,985	0
? Gross Profit	179,056	181,462	185,910	194,107	195,069	205,551	223,542	227,018	327,305	313,443
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	63,688	65,361	67,168	69,413	70,710	75,424	83,534	73,937	76,194	2,783
? Selling And Marketing Expenses	2,428	2,614	2,721	2,995	3,283	2,980	2,928	3,005	3,214	3,130
? Operating Expenses	-114,093	-114,998	-99,105	-94,270	-123,077	-135,286	-112,899	-97,336	101,844	5,913
? Net Interest Income	0	0	0	0	0	0	0	0	0	185,995
? Interest Income	144,020	146,576	155,696	171,450	185,398	176,441	178,169	197,742	268,650	313,443
? Interest Expense	11,773	13,555	18,294	29,295	40,513	25,450	15,090	28,640	95,540	127,448
? Depreciation And Amortization	3,932	3,904	3,900	3,786	3,800	3,500	3,200	3,300	3,766	5,003
? EBITDA	68,895	70,368	72,025	74,328	75,792	73,765	113,843	104,342	102,334	0
? EBIT										-5,003
? Operating Income	64,963	66,464	86,805	99,837	71,992	70,265	110,643	129,682	119,476	307,530
? Income Before Tax	64,963	66,464	68,511	70,542	71,992	70,265	110,643	101,042	98,568	106,686
? Income Tax Expense	18,531	19,118	17,018	11,314	7,452	10,761	22,704	19,228	20,564	23,873
? Net Income From Continuing Operations										82,813
? Net Income	46,432	47,346	51,493	59,228	64,540	59,504	87,939	81,814	78,004	82,813
? EPS (Earnings Per Share)	2.660	2.700	2.920	3.350	3.640	3.350	4.940	4.590	4.360	4.610
? EPS Diluted	2.660	2.700	2.920	3.350	3.640	3.350	4.940	4.580	4.360	4.610
? Weighted Average Shares Outstanding	17,431	17,548	17,631	17,687	17,724	17,748	17,786	17,836	17,887	17,950
? Weighted Average Shares Outstanding Diluted	17,483	17,566	17,653	17,703	17,740	17,756	17,804	17,851	17,900	17,977
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	51,974	48,603	47,528	64,632	58,680	54,250	46,558	51,306	271,645	73,021
? Short Term Investments	594,936	605,394	585,761	594,919	599,844	997,261	1,455,429	1,256,226	1,163,724	1,055,728
? Cash And Short Term Investments	785,588	750,563	770,835	738,016	658,524	1,051,511	1,501,987	1,385,157	1,222,557	1,128,749
? Net Receivables	0	0	0	0	14,836	15,818	15,415	19,592	23,575	24,758
? Accounts Receivables										24,758
? Inventory	0	0	0	0	-299,244	-361,992	-330,902	-152,194	0	0
? Total Current Assets	3,190,132	3,208,913	3,434,519	3,491,660	673,360	1,067,329	1,517,402	1,404,749	1,246,132	1,153,507
? Property Plant Equipment Net	48,188	47,940	46,318	45,291	58,596	55,216	52,627	59,704	61,014	64,015
? Goodwill	65,490	65,490	65,490	65,490	65,490	65,490	65,490	65,490	65,489.999	65,490
? Intangible Assets	3,527	3,566	3,484	3,607	3,263	4,068	6,774	8,468	7,665	0
? Long Term Investments	619,411	629,074	609,234	615,168	617,675	1,014,667	1,470,708	1,269,955	1,166,882	0
? Total Non Current Assets	713,802	723,256	701,712	709,956	741,761	1,135,373	1,588,825	1,392,054	5,705,896	170,321
? Total Assets	3,903,934	3,932,169	4,136,231	4,201,616	4,366,003	5,139,141	5,418,257	5,380,316	5,769,696	6,193,245
? Account Payables	0	0	0	0	2,839	1,243	1,016	2,237	7,389	8,378
? Short Term Debt	0	0	0	0	0	0	0	0	0	0
? Deferred Revenue	0	0	0	0	-233,751	-356,529	-271,790	-215,618	0	0
? Total Current Liabilities	3,596	2,124,252	2,202,257	2,388,231	2,839	1,243	1,016	2,237	7,389	8,378
? Long Term Debt	162,397	62,285	60,186	59,777	15,185	72,208	13,005	17,628	81,468	64,330
? Deferred Revenue Non Current	-3,363,414	-24,244	-25,923	-34,484	0	0	0	-25,370	0	0
? Deferred Tax Liabilities Non Current	8,920	7,836	4,434	3,363	5,110	4,687	546	25,370	0	0
? Total Non Current Liabilities	171,317	70,121	64,620	63,140	20,295	18,659	13,551	2,237	5,060,099	64,016
? Total Liabilities	3,428,351	3,431,554	3,605,532	3,637,466	3,751,117	4,484,276	4,720,055	4,752,269	5,067,488	5,435,661
? Treasury Stock										0
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	87,685	88,144	88,465	88,665	88,966	89,052	89,215	89,591	89,999	90,290
? Retained Earnings	169,855	195,078	224,268	258,935	296,760	326,738	386,750	438,596	484,400	531,861
? Additional Paid In Capital										0
? Total Stockholders Equity	475,583	500,615	530,699	564,150	614,886	654,865	698,202	628,047	702,208	757,584
? Total Equity	475,583	500,615	530,699	564,150	614,886	654,865	698,202	628,047	702,208	757,584
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	3,903,934	3,932,169	4,136,231	4,201,616	4,366,003	5,139,141	5,418,257	5,380,316	5,769,696	6,193,245
? Total Investments	1,191,533	1,211,654	1,172,181	1,189,314	1,217,519	2,011,928	2,926,137	2,514,618	2,330,606	1,055,728
? Total Debt	162,397	62,285	60,186	59,777	15,185	13,972	13,005	17,628	80,968	64,016
? Net Debt	110,423	13,682	12,658	-4,855	-43,495	-40,278	-33,553	-33,678	-190,677	-9,005
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	46,432	47,346	51,493	59,228	64,540	59,504	87,939	81,814	78,004	82,813
? Depreciation And Amortization	3,932	3,904	4,007	3,786	5,515	5,346	5,033	5,219	5,351	7,567
? Deferred Income Tax	115	701	-3,090	-246	-1,412	-2,909	2,330	3,250	709	-1,732
? Stock Based Compensation	783	458	636	710	859	944	850	1,366	1,576	1,354
? Change In Working Capital	-8,762	-331	-2,781	-6,802	2,034	3,414	2,707	159	-5,023	9,756
? Accounts Receivables	0	0	-1,416	-1,094	-404	-982	403	-4,177	-3,983	0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	0	0	0	0	-63	-1,596	-227	1,221	5,152	0
? Net Cash Provided By Operating Activities	54,979	61,425	62,351	65,487	83,458	62,379	115,695	99,684	85,732	105,172
? Investments In Property Plant And Equipment	-2,246	-3,498	-2,400	-2,832	-2,570	-1,482	-2,373	-6,218	-6,322	0
? Acquisitions Net	-157,183	-71,517	-203,343	-87,174	-42,439	-306,522	146,880	620	0	0
? Purchases Of Investments	-81,456	-176,236	-231,680	-281,511	-196,727	-857,167	-797,445	-179,627	-19,478	-55,365
? Sales Maturities Of Investments	123,267	159,543	247,263	263,026	199,991	468,198	306,441	205,305	146,185	14,232
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	-335,673
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	-245
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-245
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	1,770
? Net Dividends Paid	-21,330	-22,190	-22,981	-24,395	-26,235	-27,142	-27,916	-29,938	-32,186.999	-33,407
? Common Dividends Paid										-33,407
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	135,464	-18,213	154,793	1,279	74,266	704,699	216,446	-2,747	283,581	328,606
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	82,094	-42,895	30,558	-33,824	123,233	73,552	-26,479	-183,070	142,714	98,105
? Cash At End Of Period	187,611	144,716	175,274	141,450	264,683	338,235	311,756	128,686	271,400	369,505
? Cash At Beginning Of Period	105,517	187,611	144,716	175,274	141,450	264,683	338,235	311,756	128,686	271,400
? Operating Cash Flow	54,979	61,425	62,351	65,487	83,458	62,379	115,695	99,684	85,732	105,172
? Capital Expenditure	-2,246	-3,498	-2,400	-2,832	-2,570	-1,482	-2,373	-6,218	-6,322	-8,078
? Free Cash Flow	52,733	57,927	59,951	62,655	80,888	60,897	113,322	93,466	79,410	97,094
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	186,028.148	193,541.015	193,252.059	202,767.692	222,396.801	228,998.908	232,025.104	245,842.249	268,108.493	279,963.682
Estimated Revenue (High)	187,371.851	194,938.984	194,647.940	204,232.307	224,003.198	229,601.091	233,974.895	247,908.150	270,361.506	282,316.317
Estimated Revenue (Avg)	186,700	194,240	193,950	203,500	223,200	229,300	233,000	246,875.200	269,235	281,140
Estimated Ebitda (Low)	72,711.989	81,909.775	90,658.343	71,136.051	88,355.191	98,427.434	108,270.176	107,121.989	116,824.163	121,989.880
Estimated Ebitda (High)	109,067.982	122,864.663	135,987.515	106,704.077	132,532.787	147,641.152	162,405.265	108,022.173	117,805.879	123,015.004
Estimated Ebitda (Avg)	90,889.986	102,387.219	113,322.929	88,920.064	110,443.989	123,034.293	135,337.721	107,572.081	117,315.021	122,502.442
Estimated Net Income (Low)	41,300.172	46,464.997	49,179.717	40,409.387	59,421.150	63,837.354	62,403.200	80,789.685	89,558.896	93,975.005
Estimated Net Income (High)	61,950.259	69,697.496	73,769.577	60,614.079	89,131.723	95,756.030	93,604.799	81,862.074	92,066.507	97,555.005
Estimated Net Income (Avg)	51,625.216	58,081.247	61,474.647	50,511.733	74,276.437	79,796.692	78,004	81,325.880	91,530	96,746.670
Estimated SGA Expense (Low)	56,190.007	57,693.434	56,686.360	58,366.640	58,927.969	68,672.120	75,539.329	92,877.265	101,289.276	105,768.073
Estimated SGA Expense (High)	84,285.010	86,540.151	85,029.542	87,549.960	88,391.954	103,008.181	113,308.997	93,657.746	102,140.447	106,656.880
Estimated SGA Expense (Avg)	70,237.509	72,116.793	70,857.951	72,958.300	73,659.962	85,840.151	94,424.163	93,267.506	101,714.862	106,212.477
Estimated EPS (Avg)	2.820	3.390	3.510	3.350	4.930	4.590	4.400	4.550	5.060	5.350
Estimated EPS (High)	2.830	3.410	3.530	3.370	4.950	4.600	4.420	4.570	5.140	5.450
Estimated EPS (Low)	2.800	3.370	3.490	3.330	4.900	4.580	4.380	4.510	5	5.250
Number of Analysts (Estimated Revenue)	10	7	1	1	1	1	1	1	1	1
Number of Analysts (Estimated EPS)	9	6	1	1	1	1	1	3	3	3

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Current Key Metrics

?	Revenue (TTM) :	374.426M	?	P/S (TTM) :	2.38
?	Net Income (TTM) :	82.813M	?	P/E (TTM) :	10.5
?	Enterprise Value (TTM) :	896.766M	?	EV/FCF (TTM) :	8.33
?	Dividend Yield (TTM) :	0.04	?	Payout Ratio (TTM) :	0.39
?	ROE (TTM) :	0.11	?	ROIC (TTM) :	0.07
?	Net Debt (TTM) :	247.165M	?	Debt/Equity (TTM) :	0.42
?	P/B (TTM) :	1.15	?	Current Ratio (TTM) :	0.18

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
18.34	15.26	14.74	15.44	10.49

SWOT Analysis

No SWOT analysis available for this stock.

CTBI

1.4

4.19

1.77

0.9

-4.56

25.05

62.85

Trading Metrics:

Open:	52.09	Previous Close:	51.72
Day Low:	52.09	Day High:	52.86
Year Low:	40.72	Year High:	61.67
Price Avg 50:	50.36	Price Avg 200:	52.36
Volume:	10835	Average Volume:	55330