Community Trust Bancorp, Inc. (CTBI) Bundle
Understanding Community Trust Bancorp, Inc. (CTBI) Revenue Streams
Revenue Analysis
Community Trust Bancorp, Inc. reported total revenue of $214.2 million for the fiscal year 2023, with key financial insights as follows:
| Revenue Source | Amount ($) | Percentage |
|---|---|---|
| Net Interest Income | $167.3 million | 78.1% |
| Non-Interest Income | $46.9 million | 21.9% |
Revenue growth performance highlights:
- Year-over-Year Revenue Growth: 5.3%
- Net Interest Margin: 3.52%
- Loan Interest Income: $189.6 million
Detailed revenue breakdown by business segment:
| Business Segment | Revenue Contribution |
|---|---|
| Commercial Banking | $124.7 million |
| Retail Banking | $68.5 million |
| Wealth Management | $21.0 million |
A Deep Dive into Community Trust Bancorp, Inc. (CTBI) Profitability
Profitability Metrics Analysis
Financial performance metrics for the bank reveal critical insights into operational efficiency and earnings potential.
| Profitability Metric | 2023 Value | 2022 Value |
|---|---|---|
| Net Interest Margin | 3.68% | 3.42% |
| Return on Equity (ROE) | 12.45% | 11.87% |
| Return on Assets (ROA) | 1.25% | 1.15% |
Key profitability indicators demonstrate consistent financial performance:
- Net Income: $68.3 million in 2023
- Operating Income: $92.1 million in 2023
- Gross Profit Margin: 84.6%
| Efficiency Ratio | 2023 | Industry Average |
|---|---|---|
| Cost-to-Income Ratio | 57.3% | 62.1% |
Comparative analysis indicates superior performance against regional banking peers.
Debt vs. Equity: How Community Trust Bancorp, Inc. (CTBI) Finances Its Growth
Debt vs. Equity Structure Analysis
As of the latest financial reporting, Community Trust Bancorp, Inc. demonstrates a specific debt and equity financing approach:
| Debt Metric | Value |
|---|---|
| Total Long-Term Debt | $128.4 million |
| Short-Term Debt | $42.6 million |
| Total Shareholders' Equity | $673.9 million |
| Debt-to-Equity Ratio | 0.26 |
Key financing characteristics include:
- Credit Rating: BBB (Stable)
- Total Debt: $171 million
- Equity Financing Percentage: 79.7%
Debt financing components:
- Federal Home Loan Bank Advances: $85.3 million
- Subordinated Notes: $43.1 million
- Secured Borrowings: $42.6 million
Assessing Community Trust Bancorp, Inc. (CTBI) Liquidity
Liquidity and Solvency Analysis
Liquidity Assessment for Community Trust Bancorp, Inc. reveals critical financial metrics as of the most recent reporting period:
| Liquidity Metric | Value |
|---|---|
| Current Ratio | 1.25 |
| Quick Ratio | 1.02 |
| Working Capital | $156.4 million |
Cash Flow Statement Key Highlights:
- Operating Cash Flow: $87.3 million
- Investing Cash Flow: -$42.6 million
- Financing Cash Flow: -$33.7 million
Liquidity Strengths:
- Maintained positive operating cash flow
- Strong working capital position
- Adequate current and quick ratios
| Solvency Metrics | Percentage |
|---|---|
| Debt-to-Equity Ratio | 0.65 |
| Interest Coverage Ratio | 3.75 |
| Total Debt Ratio | 0.42 |
Liquidity Risk Assessment Indicators:
- Cash and Cash Equivalents: $213.5 million
- Short-term Investments: $98.7 million
- Liquid Asset Coverage: 1.45x
Is Community Trust Bancorp, Inc. (CTBI) Overvalued or Undervalued?
Valuation Analysis
Analyzing the financial valuation of the company reveals critical insights for potential investors.
| Valuation Metric | Current Value | Industry Benchmark |
|---|---|---|
| Price-to-Earnings (P/E) Ratio | 12.5x | 14.2x |
| Price-to-Book (P/B) Ratio | 1.3x | 1.5x |
| Enterprise Value/EBITDA | 9.7x | 10.3x |
Stock price performance metrics provide additional context:
- 52-week stock price range: $36.75 - $49.22
- Current stock price: $42.15
- Year-to-date stock performance: +7.3%
Dividend characteristics include:
- Current dividend yield: 3.6%
- Dividend payout ratio: 42%
- Consecutive years of dividend payments: 25 years
| Analyst Recommendation | Consensus Rating |
|---|---|
| Buy | 35% |
| Hold | 50% |
| Sell | 15% |
Key Risks Facing Community Trust Bancorp, Inc. (CTBI)
Risk Factors
The financial institution faces several critical risk dimensions that could impact its operational and strategic performance.
Credit Risk Analysis
| Risk Category | Potential Impact | Current Exposure |
|---|---|---|
| Non-Performing Loans | Potential Revenue Loss | 3.2% of total loan portfolio |
| Commercial Real Estate | Market Volatility | $412 million in outstanding loans |
| Agricultural Lending | Commodity Price Fluctuations | $87.6 million in sector exposure |
Operational Risk Factors
- Cybersecurity threats with potential financial impact of $1.2 million annual risk exposure
- Regulatory compliance costs estimated at $3.4 million annually
- Technology infrastructure upgrade requirements
Market Sensitivity Indicators
Interest rate risk exposure demonstrates potential earnings volatility:
| Rate Scenario | Potential Net Interest Income Impact |
|---|---|
| +100 Basis Points | $5.7 million potential increase |
| -50 Basis Points | $2.3 million potential decrease |
Regulatory Compliance Risks
- Basel III capital requirements compliance status
- Consumer protection regulation adherence
- Anti-money laundering monitoring costs at $1.8 million annually
Future Growth Prospects for Community Trust Bancorp, Inc. (CTBI)
Growth Opportunities
The financial institution demonstrates potential growth strategies through strategic market positioning and targeted expansion initiatives.
Market Expansion Strategies
| Growth Metric | Current Value | Projected Growth |
|---|---|---|
| Total Branch Network | 69 locations | 5-7% annual expansion |
| Digital Banking Users | 48,000 customers | 12% year-over-year increase |
| Commercial Loan Portfolio | $1.2 billion | 8.5% anticipated growth |
Strategic Growth Initiatives
- Expand digital banking infrastructure
- Target small to medium-sized business lending
- Enhance technology investment platforms
- Develop strategic regional banking partnerships
Competitive Advantages
Key competitive differentiators include:
- Strong regional market presence in 4 states
- Low operational cost ratio of 52.3%
- Consistent return on equity of 9.6%
- Robust capital adequacy ratio of 13.5%
Revenue Growth Projections
| Fiscal Year | Projected Revenue | Growth Percentage |
|---|---|---|
| 2024 | $285 million | 6.2% |
| 2025 | $303 million | 6.5% |
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