Community Trust Bancorp, Inc. (NASDAQ: CTBI) reported financial results for the third quarter of 2026, filing an 8-K on October 21, 2026. The company reported net income of $25.9 million for the quarter, or $1.43 per basic share, a decrease from the $29.6 million earned in the prior quarter. This figure represents an increase compared to the $23.9 million reported in the third quarter of 2025.
For the nine months ended September 30, 2026, the company reported net income of $82.7 million, or $4.58 per basic share, compared to $70.8 million, or $3.93 per share, for the same period in the prior year.
Total revenue for the quarter was $1.2 million higher than the prior quarter and $8.2 million higher than the same quarter last year. Net interest income increased by $0.2 million compared to the prior quarter and $5.5 million compared to the prior year. Noninterest income also increased, rising $1.0 million from the prior quarter and $2.7 million from the prior year.
The company recorded a provision for credit losses of $9.2 million for the quarter, an increase of $6.4 million from the prior quarter and $5.3 million from the prior year. Noninterest expense decreased by $0.9 million compared to the prior quarter and $0.3 million compared to the prior year.
On the balance sheet, total assets increased to $7.1 billion, up $72.2 million for the quarter. Total loans outstanding reached $5.3 billion, an increase of $177.9 million for the quarter. The loan portfolio growth was driven by increases in commercial loans ($80.9 million), residential loans ($53.0 million), and consumer indirect loans ($46.8 million). Total deposits increased to $6.0 billion for the quarter.
Shareholders' equity stood at $877.3 million at the end of the quarter, a decrease of $14.5 million from the prior quarter but an increase of $46.0 million from the prior year.
