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COMMUNITY TRUST BANCORP INC /KY/ [CTBI] reports annual net loss of $78.0 million
Company Reports Revenue of $230.8 million
By USInMinutes
Published - Feb 29, 2024, 05:46 AM ET
Last Updated - Feb 29, 2024, 05:46 AM EST
COMMUNITY TRUST BANCORP INC /KY/ [CTBI] has reported a net loss of $78.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $230.8 million
Based in PIKEVILLE, Kentucky, COMMUNITY TRUST BANCORP INC /KY/ operates in the FINANCE sector.
In the Consolidated Statements of Income and Comprehensive Income (Loss) for the fiscal year ending December 31, 2023, the following financial data was reported:
- Total interest income for the period was $268.65 million, an increase from $197.74 million in the same period last year.
- The interest expense incurred during the year amounted to $95.54 million, compared to $28.64 million in the previous year.
