Community Trust Bancorp Q1 Profit Declines

(RTTNews) - Community Trust Bancorp Inc. (CTBI) Wednesday reported first-quarter net income of $10.1 million or $0.64 per share, compared with $11.8 million or $0.76 per share in the comparable quarter last year.

On average, two analysts polled by Thomson Reuters estimated earnings of $0.75 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter declined to $32.8 million from $33.2 million in the prior year, while non interest income for the quarter was $10.1 million, down from $11.9 million last year.

Analysts expected total revenue of $45.00 million for the quarter.