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CTBI on Nasdaq

COMMUNITY TRUST BANCORP INC /KY/

COMMUNITY TRUST BANCORP INC /KY/ is an American state commercial bank, incorporated in Kentucky.1 It is headquartered in Pikeville, Kentucky.1 Its shares trade on Nasdaq under the symbol CTBI.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCTBI on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersPikeville, Kentucky1
  • Incorporated inKY2
  • Business address346 North Mayo Trail, P.O. Box 2947, Pikeville, Ky 41502-29472
  • Filer categoryLarge accelerated filer2

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December 31, 2025 was $856.1 million. Trust assets under management at December 31, 2025 were $4.1 billion, including CTB’s investment portfolio totaling $1.1 billion.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$98.1M in 2025+52% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $64.5M$64.5M20192020: $59.5M$59.5M2020−8%2021: $87.9M$87.9M2021+48%2022: $81.8M$81.8M2022−7%2023: $78.0M$78.0M2023−5%2024: $82.8M$82.8M2024+6%2025: $98.1M$98.1M2025+18%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans, including loans held for sale$304.6M$274.6M$230.8M
Taxable$23.7M$25.0M$27.3M
Tax exempt$2.5M$2.6M$2.7M
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock$749.0K$783.0K$759.0K
Interest on Federal Reserve Bank deposits$13.9M$10.1M$6.8M
Other, including interest on federal funds sold$392.0K$434.0K$275.0K
Total interest income$345.7M$313.4M$268.6M
Interest on deposits$112.7M$112.5M$81.2M
Interest on repurchase agreements and federal funds purchased$10.0M$10.4M$9.0M
Interest on advances from Federal Home Loan Bank$12.0K$16.0K$1.0M
Interest on long-term debt$4.0M$4.5M$4.4M
Total interest expense$126.7M$127.4M$95.5M
Net interest income$219.0M$186.0M$173.1M
Provision for credit losses$12.4M$11.0M$6.8M
Net interest income after provision for credit losses$206.5M$175.0M$166.3M
Deposit related fees$29.8M$29.8M$29.9M
Gains on sales of loans, net$320.0K$294.0K$395.0K
Trust and wealth management income$16.8M$14.9M$13.0M
Loan related fees$4.0M$5.0M$3.8M
Bank owned life insurance revenue$4.5M$5.2M$3.5M
Brokerage revenue$2.1M$2.3M$1.5M
Securities gains$375.0K$631.0K$996.0K
Other noninterest income$5.7M$4.4M$4.5M
Total noninterest income$63.6M$62.6M$57.7M
Officer salaries and employee benefits$19.7M$16.3M$15.2M
Other salaries and employee benefits$65.8M$63.1M$58.5M
Occupancy, net$10.2M$9.4M$8.9M
Equipment$3.1M$2.8M$2.9M
Data processing$12.6M$11.2M$9.7M
Taxes other than property and payroll$2.4M$1.8M$1.7M
Legal fees$1.6M$1.1M$1.1M
Professional fees$2.7M$2.8M$2.2M
Advertising and marketing$3.2M$3.1M$3.2M
FDIC insurance$2.8M$2.6M$2.5M
Other real estate owned provision and expense$313.0K$152.0K$350.0K
Repossession expense$1.2M$1.1M$531.0K
Other noninterest expense$17.6M$15.5M$18.5M
Total noninterest expense$143.1M$130.9M$125.4M
Income before income taxes$127.1M$106.7M$98.6M
Income taxes$29.0M$23.9M$20.6M
Net income$98.1M$82.8M$78.0M
Unrealized holding gains arising during the period$44.7M$6.6M$36.9M
Less: Reclassification adjustments for realized gains included in net income$2.0K$8.0K$4.0K
Tax expense$11.2M$1.6M$11.0M
Other comprehensive income, net of tax$33.5M$5.0M$25.8M
Comprehensive income$131.6M$87.8M$103.8M
Basic earnings per share (in dollars per share)$5.44$4.61$4.36
Diluted earnings per share (in dollars per share)$5.43$4.61$4.36
Weighted average shares outstanding-basic (in shares)18.0M shares17.9M shares17.9M shares
Weighted average shares outstanding-diluted (in shares)18.0M shares18.0M shares17.9M shares

Compare COMMUNITY TRUST BANCORP INC /KY/ with another company

Corporate structure

COMMUNITY TRUST BANCORP INC /KY/ sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of COMMUNITY TRUST BANCORP INC /KY/

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on COMMUNITY TRUST BANCORP INC /KY/, latest Mar 26, 2026 (4 filings since Feb 9, 2022)
  • BlackRock Filed SCHEDULE 13G/A on COMMUNITY TRUST BANCORP INC /KY/, latest Apr 17, 2025 (4 filings since Feb 1, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on COMMUNITY TRUST BANCORP INC /KY/, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • COMMUNITY TRUST BANCORP INC /KY/ Pikeville, Kentucky
    • Community Trust and Investment Company, Lexington, Kentucky Subsidiary · Kentucky, United States
    • Community Trust Asset Management Subsidiary · Kentucky, United States
    • Community Trust Bank, Inc., Pikeville, Kentucky Subsidiary · Kentucky, United States
    • CTBI Preferred Capital Trust III Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What COMMUNITY TRUST BANCORP INC /KY/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$141.4M9 Dec 31, 2025$137.7M9 Dec 31, 2024+2.7%
Accumulated depreciation$88.8M9 Dec 31, 2025$88.1M9 Dec 31, 2024+0.8%
Property and equipment, net$52.6M9 Dec 31, 2025$49.6M9 Dec 31, 2024+6.0%
Finance-lease assets$3.9M9 Dec 31, 2025$3.0M9 Dec 31, 2024+30.9%
Operating-lease assets (leased space)$11.5M9 Dec 31, 2025$11.4M9 Dec 31, 2024+1.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$363.7M9 Dec 31, 2025$369.5M9 Dec 31, 2024−1.6%
Debt securities available for sale$1.1B9 Dec 31, 2025$1.1B9 Dec 31, 2024+6.2%
Deposits held (banks)$5.4B9 Dec 31, 2025$5.1B9 Dec 31, 2024+6.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$65.5M9 Dec 31, 2025$65.5M9 Dec 31, 20240%

Properties, in its own words

Our main office, which is owned by Community Trust Bank, Inc., is located at 346 North Mayo Trail, Pikeville, Kentucky 41501. Following is a schedule of properties owned and leased by CTBI and our subsidiaries as of December 31, 2025:

Location · Owned · Leased · Total

The rest of Item 2

Banking locations:

Community Trust Bank, Inc.

* · Pikeville Market (lease land at 3 owned locations) · 9 · 1 · 10

10 locations in Pike County, Kentucky

Floyd/Knott/Johnson Market (lease land at 1 owned location) · 3 · 1 · 4

2 locations in Floyd County, Kentucky, 1 location in Knott County, Kentucky, and 1 location in Johnson County, Kentucky

Tug Valley Market (lease land at 1 owned location) · 2 · 0 · 2

1 location in Pike County, Kentucky, 1 location in Mingo County, West Virginia

Whitesburg Market (lease land at 1 owned location) · 4 · 1 · 5

5 locations in Letcher County, Kentucky

Hazard Market (lease land at 2 owned locations) · 3 · 0 · 3

3 locations in Perry County, Kentucky

* · Lexington Market (lease land at 3 owned locations) · 5 · 2 · 7

6 locations in Fayette County, Kentucky, 1 location in Boone County, Kentucky

Winchester Market · 2 · 0 · 2

2 locations in Clark County, Kentucky

Richmond Market (lease land at 1 owned location) · 3 · 0 · 3

3 locations in Madison County, Kentucky

** · Mt. Sterling Market · 0 · 2 · 2

2 locations in Montgomery County, Kentucky

Versailles Market (lease land at 2 owned locations) · 3 · 2 · 5

1 location in Woodford County, Kentucky, 2 locations in Franklin County, Kentucky, and 2 locations in Scott County, Kentucky

* · Danville Market (lease land at 1 owned location) · 3 · 0 · 3

2 locations in Boyle County, Kentucky and 1 location in Mercer County, Kentucky

*** · Ashland Market (lease land at 1 owned location) · 5 · 0 · 5

4 locations in Boyd County, Kentucky and 1 location in Greenup County, Kentucky

Flemingsburg Market · 3 · 0 · 3

3 locations in Fleming County, Kentucky

Advantage Valley Market · 3 · 1 · 4

2 locations in Lincoln County, West Virginia, 1 location in Wayne County, West Virginia, and 1 location in Cabell County, West Virginia

Summersville Market · 1 · 0 · 1

1 location in Nicholas County, West Virginia

Middlesboro Market (lease land at 1 owned location) · 3 · 0 · 3

3 locations in Bell County, Kentucky

Williamsburg Market · 5 · 0 · 5

2 locations in Whitley County, Kentucky and 3 locations in Laurel County, Kentucky

Campbellsville Market (lease land at 2 owned locations) · 9 · 0 · 9

2 locations in Taylor County, Kentucky, 2 locations in Pulaski County, Kentucky, 1 location in Adair County, Kentucky, 1 location in Green County, Kentucky, 1 location in Russell County, Kentucky, 1 location in Marion County, Kentucky, and 1 location in Hardin County, Kentucky

Mt. Vernon Market · 2 · 0 · 2

2 locations in Rockcastle County, Kentucky

* · LaFollette Market · 3 · 0 · 3

2 locations in Campbell County, Tennessee and 1 location in Anderson County, Tennessee

Total banking locations · 71 · 10 · 81

Operational locations:

Community Trust Bank, Inc.

Pikeville (Pike County, Kentucky) (lease land at 1 owned location) · 1 · 0 · 1

Total operational locations · 1 · 0 · 1

Total locations · 72 · 10 · 82

* Community Trust and Investment Company has leased offices in the main office locations in these markets.

** The South Ashland Branch and the Ashland Westwood Branch will close effective February 28, 2026.

*** Two of our Mt. Sterling locations were consolidated into a new branch location which opened in February 2026. Mt. Sterling North Branch was sold, and Mt. Sterling Main Branch was donated. The two original branches continued to operate under short-term lease arrangements until the new branch was opened. Land was purchased in 2024 for the new branch location.

See notes 6 and 7 to the consolidated financial statements contained herein for the year ended December 31, 2025, for additional information relating to lease commitments and amounts invested in premises and equipment.

Item 2 of the 10-K filed Feb 27, 2026.4

Leadership

Who has led COMMUNITY TRUST BANCORP INC /KY/, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jean R. Hale2006–2022
  2. Mark A. Gooch2023–now

Chair

  1. Jean R. Hale2006–2022
  2. Mark A. Gooch2025–now

President

  1. Jean R. Hale2006–2021
  2. Mark A. Gooch2022–2024
  3. Richard W. Newsom2024–now

Chief financial officer

  1. Kevin J. Stumbo2013–now
2010201520202025
Board members and other officers (32)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CTBI Preferred Capital Trust III Delaware3
  • Community Trust Asset Management Kentucky3
  • Community Trust Bank, Inc., Pikeville, Kentucky Kentucky3
  • Community Trust and Investment Company, Lexington, Kentucky Kentucky3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • COMMUNITY TRUST BANCORP INC/Jan 7, 1998 to Jun 2, 19982
  • PIKEVILLE NATIONAL CORPAug 17, 1995 to May 15, 19972

Timeline

  1. Sep 9, 20268-K Regulation FD disclosure50
  2. Jul 29, 20268-K Other events51
  3. Jul 15, 20268-K Results of operations; Regulation FD disclosure52
  4. May 4, 20268-K Executive or director change; Regulation FD disclosure53
  5. Apr 29, 20268-K Shareholder vote54
  6. Apr 28, 20268-K Regulation FD disclosure55
  7. Apr 15, 20268-K Results of operations; Regulation FD disclosure56
  8. Feb 3, 20268-K Regulation FD disclosure57
  9. Jan 28, 20268-K Entered a material agreement; Executive or director change58
  10. Jan 21, 20268-K Results of operations; Regulation FD disclosure59
  11. Nov 10, 20258-K Regulation FD disclosure60
  12. Oct 15, 20258-K Results of operations; Regulation FD disclosure61
  13. Jun 7, 2023New chief executive Mark A. Gooch becomes CEO13
  14. Jan 30, 2006New chief executive Jean R. Hale becomes CEO14

Calendar

Coming up

  1. Oct 21, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.32 a share, on Oct 15, 2025.62

When it reported results

  1. Jul 15, 2026Reported quarterly or annual results52
  2. Apr 15, 2026Reported quarterly or annual results56
  3. Jan 21, 2026Reported quarterly or annual results59
  4. Oct 15, 2025Reported quarterly or annual results61
  5. Jul 16, 2025Reported quarterly or annual results63
  6. Apr 16, 2025Reported quarterly or annual results64
  7. Jan 15, 2025Reported quarterly or annual results65
  8. Oct 16, 2024Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

422 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 63 major events, 295 insider forms, 11 large holders, 33 other. The latest 20:

  1. Sep 9, 20268-K CURRENT REPORT FILING EDGAR
  2. Aug 17, 20264 PRIMARY DOCUMENT EDGAR
  3. Aug 14, 2026144 EDGAR
  4. Aug 7, 202610-Q EDGAR
  5. Jul 29, 20268-K CURRENT REPORT FILING EDGAR
  6. Jul 17, 20264 PRIMARY DOCUMENT EDGAR
  7. Jul 15, 20268-K CURRENT REPORT FILING EDGAR
  8. Jul 2, 20264/A PRIMARY DOCUMENT EDGAR
  9. Jul 1, 20264 PRIMARY DOCUMENT EDGAR
  10. Jun 26, 202611-K ANNUAL REPORT OF EMPLOYEE STOCK PURCHASE, SAVINGS, AND SIMILAR PLANS EDGAR
  11. Jun 26, 202611-K EDGAR
  12. May 8, 202610-Q EDGAR
  13. May 4, 20268-K RETIREMENT OF BANK PRESIDENT 8-K EDGAR
  14. Apr 29, 20264 PRIMARY DOCUMENT EDGAR
  15. Apr 29, 20264 PRIMARY DOCUMENT EDGAR
  16. Apr 29, 20264 PRIMARY DOCUMENT EDGAR
  17. Apr 29, 20264 PRIMARY DOCUMENT EDGAR
  18. Apr 29, 20264 PRIMARY DOCUMENT EDGAR
  19. Apr 29, 20264 PRIMARY DOCUMENT EDGAR
  20. Apr 29, 20264 PRIMARY DOCUMENT EDGAR

The 422 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

128 open-market trades by officers, directors and large owners since October 2021: 108 buys and 20 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2026MINNIFIELD FRANKYDirectorSale3,900$78.85$307.5KForm 4
Mar 13, 2026SPARKMAN RICKY DExecutive Vice PresidentBuy84$58.50$4.9KForm 4
Aug 18, 2025Waters Andy DExecutive Vice PresidentSale918$56.18$51.6KForm 4
Jun 2, 2025MINNIFIELD FRANKYDirectorBuy2,000$51.01$102.0KForm 4
Jul 22, 2024Jones David AndrewExecutive Vice PresidentSale10,000$49.42$494.2KForm 4
Jul 22, 2024Jones David AndrewExecutive Vice PresidentBuy10,000$32.27$322.7KForm 4
Jul 22, 2024Jones David AndrewExecutive Vice PresidentSale10,000$49.42$494.2KForm 4
Jul 19, 2024Waters Andy DExecutive Vice PresidentSale75$48.75$3.7KForm 4
Jul 19, 2024Waters Andy DExecutive Vice PresidentSale2,554$48.94$125.0KForm 4
Jul 19, 2024Waters Andy DExecutive Vice PresidentSale7,371$48.74$359.3KForm 4
Jul 19, 2024Jones David AndrewExecutive Vice PresidentSale1,059$49.24$52.1KForm 4
Jul 19, 2024Jones David AndrewExecutive Vice PresidentSale1,059$49.24$52.1KForm 4
Jul 19, 2024Waters Andy DExecutive Vice PresidentSale2,754$48.93$134.8KForm 4
Jul 19, 2024Waters Andy DExecutive Vice PresidentBuy10,000$32.27$322.7KForm 4
Jul 19, 2024Waters Andy DExecutive Vice PresidentSale7,246$48.74$353.2KForm 4
Jul 1, 2024Jones David AndrewExecutive Vice PresidentBuy11$43.72$482Form 4
Jun 11, 2024NEWSOM RICHARD WPresidentSale78$41.20$3.2KForm 4
Apr 1, 2024Jones David AndrewExecutive Vice PresidentBuy11$42.26$477Form 4
Apr 1, 2024NEWSOM RICHARD WPresidentBuy92$42.10$3.9KForm 4
Mar 15, 2024MINNIFIELD FRANKYDirectorBuy2,000$39.28$78.6KForm 4

All 128 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Mark A. Gooch$722.0K$1.6M70
2025Kevin J. Stumbo$397.5K$719.9K70
2025Richard W. Newsom$391.8K$716.7K70
2025Ricky D. Sparkman$348.5K$636.1K70
2025C. Wayne Hancock II$343.1K$623.9K70
2024ChairmanPresident,$683.2K$1.3M70
2024Executive VicePresident,$366.9K$574.9K70
2023and Chief Executive Officer$653.5K$1.1M70
2023Executive VicePresident$362.9K$572.4K70
2023Chief Financial Officer,$352.5K$565.6K70

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,783,223$129.0M0.0%+156,436
Dimensional Fund Advisors LP1,187,465$85.9M0.0%+7,085
Community Trust & Investment Co1,004,407$72.7M3.8%−1,083,681
Vanguard Capital Management LLC684,030$49.5M0.0%−6,916
State Street Corp573,553$41.8M0.0%+76,384
American Century Companies Inc574,534$41.6M0.0%+55,019
Geode Capital Management, LLC456,699$33.1M0.0%+22,898
Lone Peak Global Investors LLC300,504$21.7M3.0%+17,388
Northern Trust Corp295,105$21.4M0.0%+8,961
Goldman Sachs Group Inc252,240$18.3M0.0%−32,777
Jupiter Topco LLC206,688$15.0M0.0%New
Vanguard Portfolio Management LLC171,207$12.4M0.0%+25,475
Heartland Advisors Inc164,210$11.9M0.5%−5,140
Aqr Capital Management LLC159,341$11.5M0.0%+42,848
Fmr LLC159,279$11.5M0.0%+12,329
Two Sigma Investments, LP135,211$9.8M0.0%−12,763
Charles Schwab Investment Management Inc129,249$9.4M0.0%+2,410
Bank of New York Mellon Corp110,158$8.0M0.0%+2,963
Hotchkis & Wiley Capital Management LLC109,436$7.9M0.0%+490
Jpmorgan Chase & Co107,445$7.8M0.0%−2,539
UBS Group AG106,857$7.7M0.0%−43,925
Morgan Stanley106,494$7.7M0.0%+13,228
Vanguard Fiduciary Trust Co101,632$7.4M0.0%+1,942
Renaissance Technologies LLC100,477$7.3M0.0%−32,460
ProShare Advisors LLC98,225$7.1M0.0%−9,063

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How COMMUNITY TRUST BANCORP INC /KY/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCOMMUNITY TRUST BANCORP INC /KY/1
  • CIK0000350852
  • Employer ID (EIN)61-09798184
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inKentucky4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address346 North Mayo Trail, P.O. Box 2947, Pikeville, KY 41502-29471
  • Phone(606)433-46431
  • Shares outstanding18,167,954 as of Jul 31, 202611
  • Public float$934.5M as of Jun 30, 20254
  • AuditorBDO USA, P.C., Grand Rapids, Michigan PCAOB ID 243; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceMay 15, 19951
  • Filings1,789 in all: 4 (720), 5 (325), 8-K (304), 10-Q (95), 4/A (85), 11-K (47), 5/A (33), DEF 14A (32)1
    All 39 form types

    10-K (31), 3 (24), SC 13G/A (23), 144 (6), 8-K/A (6), 10-Q/A (5), ARS (5), S-8 (5), SC 13G (4), UPLOAD (4), 3/A (3), DEFA14A (3), S-3 (3), 10-C (2), 10-K/A (2), 11-K/A (2), 25-NSE (2), CORRESP (2), S-3/A (2), S-4/A (2), SCHEDULE 13G/A (2), 144/A (1), 424B1 (1), 8-A12B (1), DEFR14A (1), DEFS14A (1), DEL AM (1), EFFECT (1), PRES14A (1), S-4 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 18, 2026
    Latest 8-K (8-K) Sep 9, 2026

Securities registered for trading

ClassSymbolExchange
Common StockCTBINASDAQ

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks COMMUNITY TRUST BANCORP INC /KY/ names in Item 1A of its 10-K filed Feb 27, 2026: 25 risks under these headings, as written.4

  • Economic Environment Risks
  • Economic Risk
  • CTBI may continue to be adversely affected by economic and market conditions.
  • Economy of Our Markets
  • Our business may continue to be adversely affected by ongoing weaknesses in the local economies on which we depend.
  • Climate Change Risk
  • Our business may be adversely impacted by climate change and related initiatives.
  • Risk from Infectious Disease Outbreaks
  • Our business, results of operations, and financial condition may be adversely affected by epidemics, pandemics, or other infectious disease outbreaks.
  • Operational Risks
  • Interest Rate Risk
  • Changes in interest rates could adversely affect our earnings and financial condition.
The other 20 risks
  • Our earnings and reputation may be adversely affected if we fail to effectively manage our credit risk.
  • Our loan portfolio includes loans with a higher risk of loss.
  • A significant part of our lending business is focused on small to medium-sized business which may be impacted more severely during periods of economic weakness.
  • A large percentage of our loan portfolio is secured by real estate, in particular commercial real estate. Weakness in the real estate market or other segments of our loan portfolio would lead to additional losses, which could have a material adverse effect on our business, financial condition, and results of operations.
  • Strong competition within our market area may reduce our ability to attract and retain deposits and originate loans.
  • Operational Risk
  • An extended disruption of vital infrastructure or a security breach could negatively impact our business, results of operations, and financial condition.
  • Claims and litigation may arise pertaining to fiduciary responsibility.
  • Significant legal actions could subject us to uninsured liabilities.
  • Technology Risk
  • CTBI continually encounters technological change.
  • A breach in the security of our systems could disrupt our business, result in the disclosure of confidential information, damage our reputation, and create significant financial and legal exposure for us.
  • We could incur increased costs or reductions in revenue or suffer reputational damage in the event of misuse of information.
  • Counterparty Risk
  • The soundness of other financial institutions could adversely affect CTBI.
  • Acquisition Risks
  • Acquisition Risk
  • We may have difficulty in the future continuing to grow through acquisitions.
  • Integration Risk
  • We may not be able to achieve the expected integration and cost savings from our bank acquisition activities.
  • Market and Liquidity Risks
  • CTBI’s stock price is volatile.
  • Liquidity Risk
  • CTBI is subject to liquidity risk.
  • Adverse developments affecting the financial services industry, such as bank failures or concerns involving liquidity, may have a material effect on our operations.
  • Legal, Legislation, and Regulation Risks
  • Risks Related to Regulatory Policies and Oversight
  • The banking industry is heavily regulated, and our business may be adversely affected by legislation or changes in regulatory policies and oversight.
  • We are required to maintain certain minimum amounts and types of capital and may be subject to more stringent capital requirements in the future. A failure to meet applicable capital requirements could have a material adverse effect on our financial condition and results of operations.
  • Environmental Liability Risk
  • We are subject to environmental liability risk associated with lending activity.

Legal proceedings

CTBI and subsidiaries, and from time to time, our officers, are named defendants in legal actions arising from ordinary business activities. Management, after consultation with legal counsel, believes any pending actions are without merit or that the ultimate liability, if any, will not materially affect our consolidated financial position or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
    SEC EDGAROther events
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70