Community Trust Bancorp (CTBI) Investor presentation summary

Key financial metrics and competitive position

• Total assets reached $5.8 billion and market capitalization is $787 million as of June 30, 2024.

• Cash dividend yield stands at 4.21% with a P/E ratio of 10.0x and tangible common equity ratio of 11.39%.

• Ranked 3rd largest Kentucky-domiciled bank holding company and 2nd in deposit market share among Kentucky-based FDIC institutions.

Franchise footprint and operations

• Operates 81 locations across 36 counties in Kentucky, Tennessee, and West Virginia, including 5 trust offices.

• Regional loan and deposit balances: Central ($985M loans, $1.2B deposits), South Central ($926M loans, $1.1B deposits), Eastern ($1.0B loans, $1.9B deposits), Northeastern ($478M loans, $659M deposits).

• Assets under management total $3.5 billion with annualized trust revenues of $21 million.

Financial performance and earnings

• YTD 2024 EPS is $2.13, down 1.9% from June 2023; 2024 EPS goal is $4.31–$4.49.

• YTD net income decreased 1.4% to $38.2 million; 2024 net income goal is $77.7–$80.8 million.

• YTD revenues increased 3.8% to $195.1 million; 2024 revenue goal is $236.8–$246.5 million.

• Noninterest income rose 8.5% YTD; 2024 target is 23.5–25.5% of total revenue.

• Net interest revenue up 2.6% Y/Y; net interest margin decreased by 11 bps.