Community Trust Bancorp, Inc. (CTBI) reported a strong financial performance for the fiscal year ending December 31, 2025, with net income reaching $98.1 million, or $5.44 per basic share, marking an increase of 18.4% from the previous year's net income of $82.8 million, or $4.61 per share. Total revenue for the year was $282.6 million, up from $248.6 million in 2024, driven primarily by a $33 million increase in net interest income, which totaled $219 million. The bank's net interest margin improved by 26 basis points to 3.62%, reflecting effective management of interest rate risk and a favorable lending environment.
In comparison to the previous fiscal year, CTBI's total assets grew by 7.9% to $6.7 billion, while total deposits, including repurchase agreements, increased by 7.3% to $5.7 billion. The bank's shareholders' equity also saw a significant rise, reaching $856.1 million, a 13% increase from $757.6 million in 2024. The provision for credit losses increased to $12.4 million, reflecting a proactive approach to managing potential loan defaults amid changing economic conditions.
Strategically, CTBI has focused on expanding its market presence and enhancing its service offerings. The bank operates 81 banking locations across Kentucky, West Virginia, and Tennessee, and has made significant contributions to community development, totaling over $59.6 million in community development lending in 2025. Additionally, CTBI has consolidated two branches in the Mt. Sterling Market into a newly constructed facility, aimed at modernizing its service delivery and improving customer experience.
Operationally, CTBI reported a loan portfolio of $4.9 billion, a 9.1% increase from the previous year, with notable growth in commercial and residential loans. The bank's nonperforming loans decreased by 28.2% to $19.2 million, indicating improved asset quality. As of December 31, 2025, CTBI employed 930 full-time equivalent employees, with a commitment to employee development reflected in various training and wellness programs.
Looking ahead, CTBI anticipates continued growth, with projected net income for 2026 expected to range between $105.1 million and $109.3 million. The bank aims to maintain its focus on community engagement and strategic growth initiatives while navigating potential economic challenges, including interest rate fluctuations and credit risk management. The bank's community bank leverage ratio stood at 13.64% as of December 31, 2025, well above the regulatory minimum, positioning CTBI favorably for future growth opportunities.
About COMMUNITY TRUST BANCORP INC /KY/
Community Trust Bancorp, Inc. is a bank holding company operating through its subsidiaries, including Community Trust Bank and Trust Company. It provides commercial and personal banking, trust, and wealth management services in Kentucky, West Virginia, and Tennessee. The company offers loans, deposits, cash management, and investment services, focusing on community development, competitive customer service, and maintaining strong regulatory compliance.
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