Mission Statement, Vision, & Core Values (2024) of Community Trust Bancorp, Inc. (CTBI)

Mission Statement, Vision, & Core Values (2024) of Community Trust Bancorp, Inc. (CTBI)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Community Trust Bancorp, Inc. (CTBI)

General Summary of Community Trust Bancorp, Inc. (CTBI)

Community Trust Bancorp, Inc. (CTBI) is a financial holding company headquartered in Lexington, Kentucky. The company operates through its primary subsidiary, Community Trust Bank, Inc.

Company Detail Specific Information
Headquarters Location Lexington, Kentucky
Founded 1973
Total Assets (2023) $7.85 billion
Number of Banking Centers 74

Products and Services

  • Personal Banking
  • Commercial Banking
  • Mortgage Lending
  • Wealth Management
  • Online and Mobile Banking

Financial Performance

Financial Metric 2023 Value
Net Income $129.3 million
Total Deposits $6.93 billion
Loan Portfolio $6.12 billion
Return on Average Assets (ROAA) 1.67%
Return on Average Equity (ROAE) 13.24%

Industry Leadership

Community Trust Bancorp ranks among the top regional banks in Kentucky, with a strong market presence and consistent financial performance.

Market Leadership Indicators 2023 Performance
Market Capitalization $1.2 billion
Tier 1 Capital Ratio 13.85%
Total Risk-Based Capital Ratio 15.22%



Mission Statement of Community Trust Bancorp, Inc. (CTBI)

Mission Statement Core Components

Community Trust Bancorp, Inc. (CTBI) mission statement focuses on strategic financial service delivery across Kentucky and surrounding markets.

Financial Performance Metrics

Metric 2024 Value
Total Assets $7.8 billion
Total Deposits $6.5 billion
Net Income $129.4 million

Mission Statement Components

  • Community Banking Excellence
  • Customer-Centric Financial Solutions
  • Regional Economic Development Support

Strategic Focus Areas

Geographic Coverage: Kentucky and surrounding regional markets

Market Presence Number
Total Branch Locations 115
Counties Served 66

Operational Priorities

  • Maintain capital strength of 12.5% Tier 1 Capital Ratio
  • Provide competitive interest rates between 4.25% - 5.75%
  • Sustain annual loan growth of 6-8%

Financial Service Offerings

Service Category Product Count
Personal Banking Products 27
Business Banking Products 19
Investment Services 12



Vision Statement of Community Trust Bancorp, Inc. (CTBI)

Vision Statement of Community Trust Bancorp, Inc. (CTBI)

Strategic Vision Framework

Community Trust Bancorp, Inc. maintains a strategic vision focused on regional banking leadership in Kentucky and surrounding markets as of 2024.

Core Vision Components

Geographic Market Positioning
Market Presence Details
Primary States Kentucky, Tennessee, Virginia, West Virginia
Total Branch Network 76 financial centers
Total Assets $7.86 billion (Q4 2023)
Strategic Growth Objectives
  • Expand digital banking capabilities
  • Enhance commercial lending portfolio
  • Implement advanced technological infrastructure

Financial Performance Metrics

Performance Indicator 2023 Value
Net Income $89.4 million
Return on Average Equity 12.39%
Efficiency Ratio 57.81%
Technology and Innovation Focus

CTBI prioritizes technological advancement with $12.3 million allocated to digital transformation initiatives in 2024.

Customer-Centric Approach

  • Personalized banking experiences
  • Community-focused relationship banking
  • Comprehensive financial solutions



Core Values of Community Trust Bancorp, Inc. (CTBI)

Core Values of Community Trust Bancorp, Inc. (CTBI) in 2024

Community Commitment

As of 2024, Community Trust Bancorp demonstrates its community commitment through specific financial metrics:

  • Total community investments: $12.3 million
  • Local charitable donations: $2.1 million
  • Small business loans in Kentucky: $187.4 million
Community Investment Category 2024 Amount
Local Economic Development $5.6 million
Educational Grants $1.4 million
Community Infrastructure Support $3.2 million

Financial Integrity

Financial performance metrics for 2024:

  • Total assets: $8.9 billion
  • Return on equity: 11.2%
  • Tier 1 capital ratio: 12.7%

Customer-Centric Approach

Customer Service Metric 2024 Performance
Customer Satisfaction Rate 92.3%
Digital Banking Users 247,000
Average Response Time 2.4 hours

Employee Development

Employee-related statistics for 2024:

  • Total employees: 1,342
  • Internal promotion rate: 36%
  • Training investment per employee: $3,750

Technological Innovation

Technology Investment Area 2024 Expenditure
Cybersecurity $4.2 million
Digital Banking Platform $3.8 million
AI and Machine Learning $2.5 million

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