Community Trust Bancorp Inc
NASDAQ: CTBI · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
Community Trust Bancorp Inc (CTBI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $221.86M | $233.47M | $203.89M | $194.47M | $195.44M | $202.29M | $199.68M | $197.43M | $188.95M | $190.83M | $195.02M | $204.20M | $223.40M | $235.58M | $231.00M | $238.63M | $255.66M | $326.31M | $376.01M | $409.34M |
| Revenue growth (YoY) | — | +5.2% | -12.7% | -4.6% | +0.5% | +3.5% | -1.3% | -1.1% | -4.3% | +1.0% | +2.2% | +4.7% | +9.4% | +5.5% | -1.9% | +3.3% | +7.1% | +27.6% | +15.2% | +8.9% |
| Cost of revenue | $85.84M | $97.37M | $75.43M | $65.01M | $51.74M | $40.27M | $31.04M | $22.01M | $20.55M | $20.42M | $21.43M | $25.82M | $35.46M | $45.33M | $41.50M | $8.70M | $33.55M | $102.35M | $138.40M | $136.27M |
| Gross profit | $136.02M | $136.10M | $128.47M | $129.46M | $143.70M | $162.03M | $168.64M | $175.42M | $168.40M | $170.41M | $173.59M | $178.39M | $187.94M | $190.25M | $189.50M | $229.93M | $222.11M | $223.96M | $237.61M | $273.07M |
| Gross margin | 61.3% | 58.3% | 63.0% | 66.6% | 73.5% | 80.1% | 84.5% | 88.9% | 89.1% | 89.3% | 89.0% | 87.4% | 84.1% | 80.8% | 82.0% | 96.4% | 86.9% | 68.6% | 63.2% | 66.7% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $44.15M | $42.30M | $48.19M | $55.42M | $58.56M | $58.48M | $60.84M | $62.59M | $64.77M | $63.69M | $65.36M | $67.17M | $69.41M | $70.71M | $67.48M | $75.50M | $73.94M | $76.19M | $82.01M | $102.08M |
| Operating income | $55.61M | $53.05M | $31.42M | $35.66M | $47.65M | $55.64M | $65.09M | $65.17M | $62.40M | $64.96M | $66.46M | $68.51M | $70.54M | $71.99M | $70.27M | $110.64M | $101.04M | $98.57M | $106.69M | $127.09M |
| Operating margin | 25.1% | 22.7% | 15.4% | 18.3% | 24.4% | 27.5% | 32.6% | 33.0% | 33.0% | 34.0% | 34.1% | 33.6% | 31.6% | 30.6% | 30.4% | 46.4% | 39.5% | 30.2% | 28.4% | 31.0% |
| EBITDA | $62.39M | $58.71M | $36.53M | $40.90M | $52.02M | $59.85M | $69.41M | $69.73M | $66.71M | $68.89M | $70.37M | $72.52M | $74.33M | $77.51M | $75.61M | $115.68M | $106.26M | $103.92M | $111.69M | $131.34M |
| EBITDA margin | 28.1% | 25.1% | 17.9% | 21.0% | 26.6% | 29.6% | 34.8% | 35.3% | 35.3% | 36.1% | 36.1% | 35.5% | 33.3% | 32.9% | 32.7% | 48.5% | 41.6% | 31.8% | 29.7% | 32.1% |
| EBIT | $55.61M | $53.05M | $31.42M | $35.66M | $47.65M | $55.64M | $65.09M | $65.17M | $62.40M | $64.96M | $66.46M | $68.51M | $70.54M | $71.99M | $70.27M | $110.64M | $101.04M | $98.57M | $106.69M | $127.09M |
| Interest expense | $81.54M | $90.83M | $63.97M | $47.54M | $35.26M | $27.00M | $21.59M | $13.44M | $11.80M | $11.77M | $13.55M | $18.29M | $29.30M | $40.51M | $25.45M | $15.09M | $28.64M | $95.54M | $127.45M | $126.74M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $39.06M | $36.63M | $23.07M | $25.06M | $33.03M | $38.83M | $44.86M | $45.17M | $43.25M | $46.43M | $47.35M | $51.49M | $59.23M | $64.54M | $59.50M | $87.94M | $81.81M | $78.00M | $82.81M | $98.06M |
| Net income growth (YoY) | — | -6.2% | -37.0% | +8.6% | +31.8% | +17.5% | +15.5% | +0.7% | -4.3% | +7.4% | +2.0% | +8.8% | +15.0% | +9.0% | -7.8% | +47.8% | -7.0% | -4.7% | +6.2% | +18.4% |
| Profit margin | 17.6% | 15.7% | 11.3% | 12.9% | 16.9% | 19.2% | 22.5% | 22.9% | 22.9% | 24.3% | 24.3% | 25.2% | 26.5% | 27.4% | 25.8% | 36.9% | 32.0% | 23.9% | 22.0% | 24.0% |
Frequently asked questions
What is Community Trust Bancorp Inc's revenue?
Community Trust Bancorp Inc's trailing twelve-month revenue is $279.45M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CTBI?
In its most recent fiscal year, CTBI ran a gross margin of 66.71%, an operating margin of 31.05%, and a net margin of 23.96%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CTBI generate?
CTBI produced $97.39M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CTBI's balance sheet healthy?
CTBI holds $62.85M in cash and equivalents against $64.08M in long-term debt, on $856.07M of shareholder equity. That debt is best read against the cash flow the business throws off each year.