Community Trust Bancorp Reports Strong Q1 2023 Results with Net Income of $19.3 Million
Revenue Surges to $60.99 Million, Bolstering Community Trust Bancorp's Performance
Community Trust Bancorp, Inc.(CTBI) has announced its financial results for the first quarter of 2023, showcasing robust performance amid a dynamic economic landscape. The company reported impressive net income of $19.3 million, bolstered by a surge in revenue, which reached $60.99 million during the quarter.
The Condensed Consolidated Balance Sheets, presented in thousands of dollars, reveal the financial position of Community Trust Bancorp as of March 31, 2023, and the comparison with the previous year-end.
Net Income/Loss
The company's net income for the first quarter of 2023 amounted to $19.3 million. This substantial performance demonstrates Community Trust Bancorp's ability to navigate challenging market conditions while maintaining a profitable trajectory.
