Community Trust Bancorp Q4 Profit Rises - Quick Facts

(RTTNews) - Community Trust Bancorp, Inc. (CTBI) Wednesday reported fourth-quarter net earnings of $9.99 million or $0.57 per share, higher than $8.76 million or $0.50 per share in the prior-year quarter.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter edged down 1.5 percent to $33.50 million, while total non-interest income remained flat with last year at $12.04 million. Analysts projected revenues of $45.40 million for the quarter.

Total non-interest expense declined 13.5 percent to $28.02 million from $32.37 million last year. Loan-loss provision for the quarter was $3.38 million, up from $1.22 million a year ago, due to an increase in net charge-offs and loan portfolio growth.