Community Trust Bancorp Q2 Profit Down - Quick Facts

(RTTNews) - Community Trust Bancorp, Inc. (CTBI), Wednesday reported a decrease in net income for the second quarter to $11.94 million or $0.76 per share compared with $12.23 million or $0.79 per share.

On average, four analysts polled by Thomson Reuters expected earnings per share of $0.74 for the second quarter. Analysts' estimates typically exclude one-time items.

Net interest income for the quarter increased 3.2 percent to $33.3 million from $32.3 million during the same period last year. Average earning assets increased 1.1 percent from the second quarter last year. Total non-interest income increased to $13.2 million from $11.9 million previous year.

Analysts estimated the firm to generate revenues of $44.6 million.

Community Trust Bancorp's loan loss provision for the quarter increased $1.2 million from the corresponding quarter prior year.