Community Trust Bancorp Inc. (CTBI) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $21.9 million, or $1.22 per share. This compares with $18.7 million, or $1.04 per share, last year.
Analysts on average had expected the company to earn $1.19 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.8% to $66.2 million from $58.7 million last year.
Community Trust Bancorp Inc. earnings at a glance (GAAP) :
-Earnings: $21.9 Mln. vs. $18.7 Mln. last year.
-EPS: $1.22 vs. $1.04 last year.
-Revenue: $66.2 Mln vs. $58.7 Mln last year.
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