# EDGAR Filing Document

**Accession Number:** 0000350852
**File Stem:** 0000350852-26-000039
**Filing Date:** 2026-4
**Character Count:** 29596
**Document Hash:** d74e794df9f095174b78e29af42bd3cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000350852-26-000039.hdr.sgml**: 20260415

**ACCESSION NUMBER**: 0000350852-26-000039

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260331

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260415

**DATE AS OF CHANGE**: 20260415

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMMUNITY TRUST BANCORP INC /KY/
- **CENTRAL INDEX KEY:** 0000350852
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 610979818
- **STATE OF INCORPORATION:** KY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31220
- **FILM NUMBER:** 26862593

**BUSINESS ADDRESS:**
- **STREET 1:** 346 NORTH MAYO TRAIL
- **STREET 2:** P.O. BOX 2947
- **CITY:** PIKEVILLE
- **STATE:** KY
- **ZIP:** 41502-2947
- **BUSINESS PHONE:** (606)433-4643

**MAIL ADDRESS:**
- **STREET 1:** 346 NORTH MAYO TRAIL
- **STREET 2:** P.O. BOX 2947
- **CITY:** PIKEVILLE
- **STATE:** KY
- **ZIP:** 41502-2947

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMMUNITY TRUST BANCORP INC/
- **DATE OF NAME CHANGE:** 19971124

?xml version='1.0' encoding='ASCII'?

------

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

### FORM 8-K

### CURRENT REPORT
Pursuant to Section 13 or 15 (d)

of the Securities Exchange Act of 1934

*Date of Report (Date of earliest event reported)*

<u>March 31, 2026</u> 

#### Commission file number 001-31220

### Community Trust Bancorp, Inc.
*(Exact name of registrant as specified in its charter)*

---

| | |
|:---|:---|
| **Kentucky**<br>| **61-0979818**<br>|
| *(State or other jurisdiction of incorporation or organization)* | *(IRS Employer Identification No.)* |
| **P.O. Box 2947**<br>**346 North Mayo Trail**<br>**Pikeville, Kentucky** | **41502**<br>|
| *(Address of principal executive offices)* | *(Zip code)* |
| (606) 432-1414<br> *(Registrant's telephone number)* | (606) 432-1414<br> *(Registrant's telephone number)* |
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| **Common Stock**<br>*(Title of class)* | **Common Stock**<br>*(Title of class)* |

---

---

| | |
|:---|:---|
| **CTBI**<br>| **The NASDAQ Global Select Market**<br>|
| *(Trading symbol)* | *(Name of exchange on which registered)* |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as deﬁned in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised ﬁnancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Item 2.02 – Results of Operations and Financial Condition
On April 15, 2026, Community Trust Bancorp, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of this press release is being furnished to the Securities and Exchange Commission pursuant to Item 2.02 – Results of Operations and Financial Condition and Item 7.01 – Regulation FD Disclosure of Form 8-K and is attached hereto as Exhibit 99.1. The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

#### Item 9.01 – Financial Statements and Exhibits
(d) Exhibits

The following exhibit is filed with this report:

99.1 Press Release dated April 15, 2026

#### Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  |  | **COMMUNITY TRUST BANCORP, INC.** |
| Date: | April 15, 2026 | By: |
|  |  | /s/ Mark A. Gooch |
|  |  | Mark A. Gooch |
|  |  | Chairman, President, and Chief Executive Officer |

---

## Exhibit 99.1

#### Exhibit 99.1
![](image0.jpg)

#### FOR IMMEDIATE RELEASE
April 15, 2026

#### FOR ADDITIONAL INFORMATION, PLEASE CONTACT MARK A. GOOCH, CHAIRMAN, PRESIDENT, AND CEO, COMMUNITY TRUST BANCORP, INC. AT (606) 437-3229

#### Pikeville, Kentucky:

#### COMMUNITY TRUST BANCORP, INC. REPORTS EARNINGS FOR THE 1<sup>ST</sup> QUARTER 2026

#### Earnings Summary

---

| | | | |
|:---|:---|:---|:---|
| *(in thousands except per share data)* | **1Q**<br> **2026** | **4Q**<br> **2025** | **1Q**<br> **2025** |
| Net income | $27192 | $27276 | $21972 |
| Earnings per share | $1.51 | $1.51 | $1.22 |
| Earnings per share – diluted | $1.50 | $1.51 | $1.22 |
| Return on average assets | 1.65% | 1.63% | 1.44% |
| Return on average equity | 12.62% | 12.71% | 11.50% |
| Efficiency ratio | 48.72% | 48.70% | 51.86% |
| Tangible common equity | 12.07% | 11.94% | 11.57% |
| Dividends declared per share | $0.53 | $0.53 | $0.47 |
| Book value per share | $47.99 | $47.26 | $43.32 |
| Weighted average shares | 18049 | 18025 | 17995 |
| Weighted average shares – diluted | 18080 | 18064 | 18022 |

---

Community Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the first quarter 2026 of $27.2 million, or $1.51 per basic earnings per share, compared to $27.3 million, or $1.51 per basic share, earned during the fourth quarter 2025 and $22.0 million, or $1.22 per basic share, earned during the first quarter 2025. Total revenue for the quarter was $0.5 million below prior quarter but $8.0 million above prior year same quarter. Net interest income for the quarter increased $0.7 million compared to prior quarter and $7.5 million compared to prior year same quarter, and noninterest income decreased $1.2 million compared to prior quarter but increased $0.5 million compared to prior year same quarter. Our provision for credit losses for the quarter decreased $0.6 million from prior quarter and $1.3 million from prior year same quarter. Noninterest expense increased $0.1 million compared to prior quarter and $2.3 million compared to prior year same quarter.

#### 1<sup>st</sup> Quarter 2026 Highlights

---

| | |
|:---|:---|
| ❖ | Net interest income for the quarter of $58.8 million was $0.7 million, or 1.1%, above prior quarter and $7.5 million, or 14.7%, above prior year same quarter, as our net interest margin increased 12 basis points from prior quarter and 22 basis points from prior year same quarter. |

---

---

| | |
|:---|:---|
| ❖ | Provision for credit losses at $2.3 million for the quarter decreased $0.6 million from prior quarter and $1.3 million from prior year same quarter. |

---

---

| | |
|:---|:---|
| ❖ | Noninterest income for the quarter of $15.4 million was $1.2 million, or 7.2%, below prior quarter but $0.5 million, or 3.5%, above prior year same quarter. |

---

---

| | |
|:---|:---|
| ❖ | Noninterest expense for the quarter of $36.5 million was $0.1 million, or 0.2%, above prior quarter and $2.3 million, or 6.8%, above prior year same quarter. |

---

---

| | |
|:---|:---|
| ❖ | Our loan portfolio at $5.0 billion increased $95.9 million, an annualized 7.9%, for the quarter and $354.3 million, or 7.6%, from March 31, 2025. |

---

---

| | |
|:---|:---|
| ❖ | We had net loan charge-offs of $1.3 million, an annualized 0.11% of average loans, for the quarter compared to $1.8 million, an annualized 0.14% of average loans, for prior quarter and $1.6 million, an annualized 0.14% of average loans, for the first quarter 2025. |

---

---

| | |
|:---|:---|
| ❖ | Our total nonperforming loans at $20.7 million at March 31, 2026 increased $1.6 million for the quarter but decreased $5.8 million from March 31, 2025. Nonperforming assets at $24.1 million increased $1.9 million for the quarter but decreased $7.2 million from March 31, 2025. |

---

---

| | |
|:---|:---|
| ❖ | Deposits, including repurchase agreements, at $5.7 billion increased $35.1 million, an annualized 2.5%, for the quarter and $375.1 million, or 7.0%, from March 31, 2025. |

---

---

| | |
|:---|:---|
| ❖ | Shareholders' equity at $871.2 million increased $15.2 million, an annualized 7.2%, for the quarter and $87.1 million, or 11.1%, from March 31, 2025. |

---

------

#### Net Interest Income

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | | **Percent Change** | **Percent Change** |
|  | | | | **1Q 2026 Compared to:** | **1Q 2026 Compared to:** |
| *($ in thousands)* | **1Q**<br> **2026** | **4Q**<br> **2025** | **1Q**<br> **2025** | **4Q**<br> **2025** | **1Q**<br> **2025** |
| Components of net interest income |  |  |  |  |  |
| Income on earning assets | $87755 | $89532 | $82054 | (2.0)% | 6.9% |
| Expense on interest bearing liabilities | 28973 | 31415 | 30787 | (7.8)% | (5.9)% |
| Net interest income | 58782 | 58117 | 51267 | 1.1%<br>| 14.7% |
| TEQ | 317 | 323 | 273 | (1.9)%<br>| 16.3% |
| Net interest income, tax equivalent (non-GAAP) | $59099 | $58440 | $51540 | 1.1% | 14.7% |
| Average yield and rates paid: |  |  |  |  |  |
| Earning assets yield | 5.65% | 5.64% | 5.71% | 0.0% | (1.1)% |
| Rate paid on interest bearing liabilities | 2.61% | 2.78% | 3.02% | (5.9)% | (13.3)% |
| Gross interest margin | 3.04% | 2.86% | 2.69% | 5.8% | 12.5% |
| Net interest margin | 3.79% | 3.67% | 3.57% | 3.3% | 6.0% |
| Average balances: |  |  |  |  |  |
| Investment securities | $1113988 | $1076245 | $1045953 | 3.5% | 6.5% |
| Loans | 4934257 | 4821223 | 4533091 | 2.3% | 8.8% |
| Earning assets | 6327329 | 6321901 | 5848092 | 0.1% | 8.2% |
| Interest-bearing liabilities | 4494829 | 4485186 | 4138451 | 0.2% | 8.6% |

---

Net interest income for the quarter of $58.8 million was $0.7 million, or 1.1%, above prior quarter and $7.5 million, or 14.7%, above prior year same quarter, as our net interest margin, on a fully tax equivalent basis, increased 12 basis points from prior quarter and 22 basis points from prior year same quarter. Our quarterly average earning assets increased $5.4 million, an annualized 0.3%, from prior quarter and $479.2 million, or 8.2%, from prior year same quarter. Our yield on average earning assets increased 1 basis point from prior quarter but decreased 6 basis points from prior year same quarter, while our cost of funds decreased 17 basis points from prior quarter and 41 basis points from prior year same quarter.

Our ratio of average loans to deposits, including repurchase agreements, was 87.2% for the quarter compared to 84.9% for prior quarter and 85.9% for same quarter prior year.

#### Noninterest Income

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | | **Percent Change** | **Percent Change** |
|  | | | | **1Q 2026 Compared to:** | **1Q 2026 Compared to:** |
| *($ in thousands)* | **1Q**<br> **2026** | **4Q**<br> **2025** | **1Q**<br> **2025** | **4Q**<br> **2025** | **1Q**<br> **2025** |
| Deposit related fees | $7155 | $7537 | $6822 | (5.1)% | 4.9% |
| Trust and wealth management income | 4462 | 4422 | 3981 | 0.9% | 12.1% |
| Gains on sales of loans | 51 | 107 | 47 | (52.4)% | 8.4% |
| Loan related fees | 1039 | 932 | 965 | 11.5% | 7.7% |
| Bank owned life insurance revenue | 1714 | 1179 | 1035 | 45.4% | 65.6% |
| Brokerage revenue | 520 | 522 | 494 | (0.5)% | 5.2% |
| Other | 473 | 1904 | 1553 | (75.2)% | (69.6)% |
| Total noninterest income | $15414 | $16603 | $14897 | (7.2)% | 3.5% |

---

Noninterest income for the quarter of $15.4 million was $1.2 million, or 7.2%, below prior quarter but $0.5 million, or 3.5%, above prior year same quarter. The variance quarter over quarter was primarily the result of decreases in net securities gains ($0.7 million), net gains on the sale of fixed assets ($0.5 million), deposit related fees ($0.4 million), partially offset by an increase in bank owned life insurance revenue ($0.5 million). The decrease in net gains on the sale of fixed assets is the result of a $0.5 million gain taken in the fourth quarter 2025 from the sale of one of our branch locations. Year over year increases for the quarter in bank owned life insurance revenue ($0.7 million), trust and wealth management income ($0.5 million), and deposit related fees ($0.3 million) were partially offset by a $1.0 million decrease in securities gains. The variances in securities gains resulted primarily from changes in the valuation of our equity securities.

------

#### Noninterest Expense

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | | **Percent Change** | **Percent Change** |
|  | | | | **1Q 2026 Compared to:** | **1Q 2026 Compared to:** |
| *($ in thousands)* | **1Q**<br> **2026** | **4Q**<br> **2025** | **1Q**<br> **2025** | **4Q**<br> **2025** | **1Q**<br> **2025** |
| Salaries | $13629 | $13981 | $13269 | (2.5)% | 2.7% |
| Employee benefits | 8476 | 7952 | 6849 | 6.6% | 23.8% |
| Net occupancy and equipment | 3699 | 3373 | 3440 | 9.7% | 7.5% |
| Data processing | 2955 | 2877 | 2859 | 2.7% | 3.4% |
| Legal and professional fees | 1164 | 1019 | 1225 | 14.2% | (5.0)% |
| Advertising and marketing | 700 | 776 | 673 | (9.8)% | 4.0% |
| Taxes other than property and payroll | 617 | 687 | 529 | (10.2)% | 16.6% |
| Other | 5297 | 5787 | 5364 | (8.5)% | (1.2)% |
| Total noninterest expense | $36537 | $36452 | $34208 | 0.2% | 6.8% |

---

Noninterest expense for the quarter of $36.5 million was $0.1 million, or 0.2%, above prior quarter and $2.3 million, or 6.8%, above prior year same quarter. Quarter over quarter increases in occupancy and equipment expense ($0.3 million) and repossession expense ($0.4 million) were partially offset by decreases in contribution expense ($0.4 million) and operating losses ($0.2 million). The decrease in contribution expense resulted from the $0.4 million expense associated with the donation of one of our branch locations in the fourth quarter 2025. The year over year increase for the quarter primarily resulted from an increase in salaries ($0.4 million) and other employee benefits, including bonuses ($0.5 million), and the cost of group medical and life insurance expense ($1.3 million).

#### Provision for Credit Losses
Our provision for credit losses at $2.3 million for the quarter decreased $0.6 million from prior quarter and $1.3 million from prior year same quarter. Of the provision for the quarter, $2.5 million was attributable to the allowance for credit losses, with an expense recovery of $0.2 million recognized in the provision for unfunded commitments.

#### Balance Sheet Review

#### Total Loans

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | | **Percent Change** | **Percent Change** |
|  | | | | **1Q 2026 Compared to:** | **1Q 2026 Compared to:** |
| *($ in thousands)* | **1Q**<br> **2026** | **4Q**<br> **2025** | **1Q**<br> **2025** | **4Q**<br> **2025** | **1Q**<br> **2025** |
| Commercial nonresidential real estate | $994914 | $959915 | $913238 | 3.6% | 8.9% |
| Commercial residential real estate | 596948 | 580652 | 535427 | 2.8% | 11.5% |
| Hotel/motel | 507243 | 497764 | 475582 | 1.9% | 6.7% |
| Other commercial | 440980 | 454944 | 433379 | (3.1)% | 1.8% |
| Total commercial | 2540085 | 2493275 | 2357626 | 1.9% | 7.7% |
| Residential mortgage | 1245759 | 1206820 | 1066973 | 3.2% | 16.8% |
| Home equity loans/lines | 191178 | 186798 | 172688 | 2.3% | 10.7% |
| Total residential | 1436937 | 1393618 | 1239661 | 3.1% | 15.9% |
| Consumer indirect | 873980 | 862458 | 888635 | 1.3% | (1.6)% |
| Consumer direct | 139819 | 145591 | 150614 | (4.0)% | (7.2)% |
| Total consumer | 1013799 | 1008049 | 1039249 | 0.6% | (2.4)% |
| Total loans | $4990821 | $4894942 | $4636536 | 2.0% | 7.6% |

---

------

#### Total Deposits and Repurchase Agreements

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | | **Percent Change** | **Percent Change** |
|  | | | | **1Q 2026 Compared to:** | **1Q 2026 Compared to:** |
| *($ in thousands)* | **1Q**<br> **2026** | **4Q**<br> **2025** | **1Q**<br> **2025** | **4Q**<br> **2025** | **1Q**<br> **2025** |
| Noninterest bearing deposits | $1262835 | $1263243 | $1235544 | 0.0% | 2.2% |
| Interest bearing deposits |  |  |  |  |  |
|  Interest checking | 190769 | 195458 | 158968 | (2.4)% | 20.0% |
|  Money market savings | 1917509 | 1877815 | 1828051 | 2.1% | 4.9% |
|  Savings accounts | 508553 | 499276 | 516379 | 1.9% | (1.5)% |
|  Time deposits | 1554554 | 1553266 | 1372363 | 0.1% | 13.3% |
| Repurchase agreements | 298721 | 308799 | 246556 | (3.3)% | 21.2% |
| Total interest bearing deposits and repurchase agreements | 4470106 | 4434614 | 4122317 | 0.8% | 8.4% |
| Total deposits and repurchase agreements | $5732941 | $5697857 | $5357861 | 0.6% | 7.0% |

---

CTBI's total assets at $6.7 billion increased $57.0 million, or 3.5% annualized, for the quarter and $464.6 million, or 7.4%, from March 31, 2025. Loans outstanding at $5.0 billion increased $95.9 million, an annualized 7.9%, for the quarter and $354.3 million, or 7.6%, from March 31, 2025. The increase in loans for the quarter included a $46.8 million increase in the commercial loan portfolio, a $43.3 million increase in the residential loan portfolio, and an $11.5 million increase in the consumer indirect loan portfolio, partially offset by a $5.7 million decrease in the consumer direct loan portfolio. CTBI's investment portfolio at $1.1 billion decreased $33.0 million, an annualized 11.9%, for the quarter as management allocated investment maturities into the loan portfolio but increased $79.1 million, or 7.8%, from March 31, 2025. Deposits in other banks decreased $33.8 million for the quarter and $5.1 million from March 31, 2025. Deposits, including repurchase agreements, at $5.7 billion increased $35.1 million, an annualized 2.5%, for the quarter and $375.1 million, or 7.0%, from March 31, 2025. CTBI is not dependent on any one customer or group of customers for their source of deposits. As of March 31, 2026, two customers accounted for over 3% each (3.7% and 3.2%) of our $5.4 billion in deposits. Only these two customer relationships accounted for more than 1% each of our deposits.

Shareholders' equity at $871.2 million increased $15.2 million, an annualized 7.2%, for the quarter and $87.1 million, or 11.1%, from March 31, 2025. Net unrealized losses on securities, net of deferred taxes, were $68.0 million at March 31, 2026, compared to $64.8 million at December 31, 2025 and $86.1 million at March 31, 2025. CTBI's annualized dividend yield to shareholders as of March 31, 2026 was 3.49%.

#### Asset Quality
Our total nonperforming loans at $20.7 million at March 31, 2026 increased $1.6 million for the quarter but decreased $5.8 million from March 31, 2025. Nonaccrual loans at $11.1 million increased $2.6 million from prior quarter but decreased $4.6 million from March 31, 2025. Accruing loans 90+ days past due at $9.6 million decreased $1.0 million from prior quarter and $1.2 million from March 31, 2025. Accruing loans 30-89 days past due at $24.8 million increased $4.6 million from prior quarter and $10.3 million from March 31, 2025. Our loan portfolio management processes focus on the immediate identification, management, and resolution of problem loans to maximize recovery and minimize loss.

We had net loan charge-offs of $1.3 million, an annualized 0.11% of average loans, for the quarter compared to $1.8 million, an annualized 0.14% of average loans, for prior quarter and $1.6 million, an annualized 0.14% of average loans, for the first quarter 2025. Of the net charge-offs for the quarter, $0.5 million were in commercial loans, $0.2 million were in residential loans, $0.5 million were in consumer indirect loans, and $0.1 million were in consumer direct loans.

#### Allowance for Credit Losses
Our reserve coverage (allowance for credit losses to nonperforming loans) at March 31, 2026 was 295.8% compared to 314.0% at December 31, 2025 and 214.7% at March 31, 2025. Our loan loss reserve as a percentage of total loans outstanding at March 31, 2026 remained at 1.23% from December 31, 2025 and March 31, 2025. The table below shows the changes in components of the allowance for credit losses during the first quarter 2026:

---

| | |
|:---|:---|
| Beginning balance | $60169 |
| New loan volume | 4608 |
| Changes in existing loan balances | (658) |
| Loan exiting | (2767) |
| Historical loss rate | (124) |
| Qualitative factors | 188 |
| Other changes | (95) |
| Ending balance | $61321 |

---

------

#### Forward-Looking Statements
Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. CTBI's actual results may differ materially from those included in the forward-looking statements. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," and similar expressions or future or conditional verbs such as "will," "should," "would," and "could." These forward-looking statements involve risks and uncertainties including, but not limited to, economic conditions, portfolio growth, the credit performance of the portfolios, including bankruptcies, and seasonal factors; changes in general economic conditions including the performance of financial markets, prevailing inflation and interest rates, realized gains from sales of investments, gains from asset sales, and losses on commercial lending activities; the effects of epidemics, pandemics, or other infectious disease outbreaks; results of various investment activities; the effects of competitors' pricing policies, changes in laws and regulations, competition, and demographic changes on target market populations' savings and financial planning needs; industry changes in information technology systems on which we are highly dependent; failure of acquisitions to produce revenue enhancements or cost savings at levels or within the time frames originally anticipated or unforeseen integration difficulties; the resolution of legal proceedings and related matters. In addition, the banking industry in general is subject to various monetary, operational, and fiscal policies and regulations, which include, but are not limited to, those determined by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and state regulators, whose policies, regulations, and enforcement actions could affect CTBI's results. These statements are representative only on the date hereof, and CTBI undertakes no obligation to update any forward-looking statements made.

Community Trust Bancorp, Inc., with assets of $6.7 billion, is headquartered in Pikeville, Kentucky and has 69 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.

Additional information follows.

------

---

| | | | |
|:---|:---|:---|:---|
| **Community Trust Bancorp, Inc.** | **Community Trust Bancorp, Inc.** | **Community Trust Bancorp, Inc.** | **Community Trust Bancorp, Inc.** |
| **Financial Summary (Unaudited)** | **Financial Summary (Unaudited)** | **Financial Summary (Unaudited)** | **Financial Summary (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| (in thousands except per share data and # of employees) | (in thousands except per share data and # of employees) | (in thousands except per share data and # of employees) | (in thousands except per share data and # of employees) |
|  | Three | Three | Three |
|  | Months | Months | Months |
|  | Ended | Ended | Ended |
|  | March 31, 2026 | December 31, 2025 | March 31, 2025 |
| Interest income | $87755 | $89532 | $82054 |
| Interest expense | 28973 | 31415 | 30787 |
| Net interest income | 58782 | 58117 | 51267 |
| Provision for credit losses | 2311 | 2908 | 3568 |
| Gains on sales of loans | 51 | 107 | 47 |
| Deposit related fees | 7155 | 7537 | 6822 |
| Trust and wealth management income | 4462 | 4422 | 3981 |
| Loan related fees | 1039 | 932 | 965 |
| Securities gains (losses) | (488) | 194 | 480 |
| Other noninterest income | 3195 | 3411 | 2602 |
| Total noninterest income | 15414 | 16603 | 14897 |
| Personnel expense | 22105 | 21933 | 20118 |
| Occupancy and equipment | 3699 | 3373 | 3440 |
| Data processing expense | 2955 | 2877 | 2859 |
| FDIC insurance | 744 | 745 | 689 |
| Other noninterest expense | 7034 | 7524 | 7102 |
| Total noninterest expense | 36537 | 36452 | 34208 |
| Net income before taxes | 35348 | 35360 | 28388 |
| Income taxes | 8156 | 8084 | 6416 |
| Net income | $27192 | $27276 | $21972 |
| Memo: TEQ interest income | $88072 | $89855 | $82327 |
| Average shares outstanding | 18049 | 18025 | 17995 |
| Diluted average shares outstanding | 18080 | 18064 | 18022 |
| Basic earnings per share | $1.51 | $1.51 | $1.22 |
| Diluted earnings per share | $1.50 | $1.51 | $1.22 |
| Dividends per share | $0.53 | $0.53 | $0.47 |
| **Average balances:** |  |  |  |
| Loans | $4934257 | $4821223 | $4533091 |
| Earning assets | 6327329 | 6321901 | 5848092 |
| Total assets | 6669401 | 6657596 | 6176389 |
| Deposits, including repurchase agreements | 5661967 | 5677448 | 5276893 |
| Interest bearing liabilities | 4494829 | 4485186 | 4138451 |
| Shareholders' equity | 873726 | 851231 | 774907 |
| **Performance ratios:** |  |  |  |
| Return on average assets | 1.65% | 1.63% | 1.44% |
| Return on average equity | 12.62% | 12.71% | 11.50% |
| Yield on average earning assets (tax equivalent) | 5.65% | 5.64% | 5.71% |
| Cost of interest bearing funds (tax equivalent) | 2.61% | 2.78% | 3.02% |
| Net interest margin (tax equivalent) | 3.79% | 3.67% | 3.57% |
| Efficiency ratio (tax equivalent) | 48.72% | 48.70% | 51.86% |
| Loan charge-offs | $2686 | $3022 | $2722 |
| Recoveries | (1368) | (1267) | (1147) |
| Net charge-offs | $1318 | $1755 | $1575 |
| **Market Price:** |  |  |  |
| High | $65.79 | $61.55 | $56.96 |
| Low | $56.05 | $50.25 | $48.82 |
| Close | $60.72 | $56.50 | $50.36 |

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| |
|:---|
| **Community Trust Bancorp, Inc.** |
| **Financial Summary (Unaudited)** |
| **March 31, 2026** |
| (in thousands except per share data and # of employees) |

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| | | | |
|:---|:---|:---|:---|
|  | As of | As of | As of |
|  | March 31, 2026 | December 31, 2025 | March 31, 2025 |
| **Assets:** |  |  |  |
| Loans | $4990821 | $4894942 | $4636536 |
| Allowance for credit losses | (61321) | (60169) | (56961) |
| Net loans | 4929500 | 4834773 | 4579575 |
| Loans held for sale | 73 | 211 | - |
| Securities AFS | 1088205 | 1120719 | 1008552 |
| Equity securities at fair value | 3666 | 4154 | 4261 |
| Other equity investments | 10087 | 10087 | 9773 |
| Other earning assets | 269178 | 302928 | 274229 |
| Cash and due from banks | 91572 | 62851 | 68532 |
| Premises and equipment | 53114 | 52611 | 50753 |
| Right of use asset | 14999 | 15433 | 15636 |
| Goodwill and core deposit intangible | 65490 | 65490 | 65490 |
| Other assets | 215284 | 214881 | 199717 |
| **Total Assets** | $6741168 | $6684138 | $6276518 |
| **Liabilities and Equity:** |  |  |  |
| Interest bearing checking | $190769 | $195458 | $158968 |
| Savings deposits | 2426062 | 2377091 | 2344430 |
| CD's >=$100,000 | 959996 | 960517 | 800359 |
| Other time deposits | 594558 | 592749 | 572004 |
| Total interest bearing deposits | 4171385 | 4125815 | 3875761 |
| Noninterest bearing deposits | 1262835 | 1263243 | 1235544 |
| Total deposits | 5434220 | 5389058 | 5111305 |
| Repurchase agreements | 298721 | 308799 | 246556 |
| Other interest bearing liabilities | 64512 | 64577 | 64767 |
| Lease liability | 15995 | 16417 | 16461 |
| Other noninterest bearing liabilities | 56475 | 49215 | 53257 |
| Total liabilities | 5869923 | 5828066 | 5492346 |
| Shareholders' equity | 871245 | 856072 | 784172 |
| **Total Liabilities and Equity** | $6741168 | $6684138 | $6276518 |
| Ending shares outstanding | 18156 | 18116 | 18102 |
| 30 - 89 days past due loans | $24800 | $20182 | $14537 |
| 90 days past due loans | 9599 | 10623 | 10835 |
| Nonaccrual loans | 11132 | 8539 | 15692 |
| Foreclosed properties | 3348 | 3066 | 4795 |
| Community bank leverage ratio | 13.91% | 13.64% | 13.81% |
| Tangible equity to tangible assets ratio | 12.07% | 11.94% | 11.57% |
| FTE employees | 974 | 991 | 988 |

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