Community Trust Bancorp Inc

Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc. that provides various commercial and personal banking, and trust and wealth management services. The company accepts time and demand deposits, checking accounts, regular and term savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts. Its loan portfolio includes commercial, construction, mortgage, and personal loans; lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset-based financing; residential and commercial real estate loans; consumer loans; hotel/motel loans; and other commercial loans. The company also provides cash management, renting safe deposit boxes, and funds transfer services; issues letters of credit; and acts as a trustee of personal trusts, executor of estates, trustee for employee benefit trusts, and paying agent for bond and stock issues, as well as an investment agent and depositor for securities and undertakes repurchase agreements. In addition, it offers securities brokerage services; debit cards; annuity and life insurance products; and repurchase agreements. The company serves small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, southern West Virginia, and northeastern Tennessee. Community Trust Bancorp, Inc. was founded in 1903 and is headquartered in Pikeville, Kentucky.

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Community Trust Bancorp reports Q2 GAAP EPS of $1.64, beating estimates by $0.12

Community Trust Bancorp reported second-quarter GAAP earnings per share of $1.64, beating analyst estimates by $0.12. Revenue came in at $78.5 million, an 11.8% increase year-over-year, exceeding expectations by $1.75 million. The results were announced in a company press release.

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Zacks Highlights Three Top-Ranked Dividend Stocks for Retirement Income

Zacks Investment Research identifies BP, Community Financial System, and Community Trust Bancorp as top-ranked dividend stocks offering retirees higher yields than traditional bonds. BP pays $0.49 per share with a 5.06% yield and 10.16% annualized dividend growth, while Community Financial System offers $0.47 per share at a 3.02% yield and Community Trust Bancorp pays $0.53 per share at a 3.10% yield. The report notes that 10-year Treasury yields have fallen from around 6.50% in the late 1990s to much lower levels today, reducing income for retirees. It also warns that Social Security funds are projected to run out of money by 2035, making higher-yielding dividend stocks a potential alternative for steady retirement income.

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