8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

June 30, 2015

Community Trust Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Kentucky	61-0979818
(State or other jurisdiction of	(IRS Employer Identification Number)
Incorporation or organization)
346 North Mayo Trail
Pikeville, Kentucky	41501
(Address of principal executive offices)	(Zip code)

 (606) 432-1414

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ] Soliciting material pursuant to Rule 425 under the Securities Act (17 CFR 240.14a-12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 – Regulation FD Disclosure

Community Trust Bancorp, Inc. (CTBI) is presenting at the Keefe, Bruyette, & Woods 2015 Community Bank Investor Conference on Wednesday, July 29, 2015 in New York, New York.  A presentation is being made that is accompanied by a series of slides.  These slides include information relating to CTBI's current and historical financial results, as well as future performance goals.  A copy of these slides is being furnished to the Securities and Exchange Commission pursuant to Item 7.01 – Regulation FD Disclosure of Form 8-K and is attached hereto as Exhibit 99.1.  The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 – Financial Statements and Exhibits

(d)  Exhibits

The following exhibit is filed with this report:

99.1 2015 KBW Investor Presentation

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	COMMUNITY TRUST BANCORP, INC.
Date: July 28, 2015	By:	/s/ Jean R. Hale
		Jean R. Hale
		Chairman, President and Chief Executive Officer

Exhibit Index

Exhibit No.	Description
99.1	2015 KBW Investor Presentation

EX-99.1

Exhibit 99.1

 2015 KBW Community Bank Investor Presentation 

 Cautionary Statement  Information provided herein by CTBI contains “forward-looking” information. CTBI cautions that any forward-looking statements made are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Please refer to CTBI’s 2014 Annual Report on Form 10-K, Cautionary Statement Regarding Forward Looking Statements for additional information.  2 

 Total Assets $3.8 billionMarket Capitalization $609.8 millionCash Dividend Yield 3.44%P/E Ratio 12.2xPrice to Book Value 1.3xPrice to Tangible Book Value 1.5xTangible Common Equity Ratio 10.68%Competitive Position#1 in Kentucky in deposit market share of all Kentucky domiciled FDIC insured institutions 6th largest bank in Kentucky in terms of deposit market share of all FDIC insured institutions2nd largest Kentucky domiciled bank holding company  Key Metrics  Financial data as of June 30, 2015  3 

 4  1903 Pikeville National bank formed1987-2005 Acquired 14 banks and purchased 17 branch locations1997 Changed name to Community Trust Bancorp, Inc.2010 Acquired LaFollette First National CorporationPresently Two operational subsidiaries~ Community Trust Bank, Inc. and Community Trust and Investment Company  Corporate History 

 Our Banking Franchise  Serving customers in 80 branch locations in 35 counties throughout Kentucky, Tennessee, and West Virginia, including 5 trust offices in Kentucky and Tennessee  5 

 Our Banking Franchise  Central Region Eastern Region Northeastern RegionLoans - $627 million Loans - $867 million Loans - $347 millionDeposits - $689 million Deposits - $1.3 billion Deposits - $504 million• Danville • Floyd/Knott/Johnson • Advantage Valley• Lexington • Hazard • Ashland• Mt. Sterling • Pikeville • Flemingsburg• Richmond • Tug Valley • Summersville• Versailles • Whitesburg• Winchester South Central Region CTICLoans - $597 million Assets Under Management - $1.9 billion (including $0.6 bill CTB)Deposits - $660 million Revenues - $13.1 million (annualized)• Campbellsville • Ashland• LaFollette • LaFollette• Middlesboro • Lexington• Mt. Vernon • Pikeville• Williamsburg • Versailles  Financial data as of June 30, 2015  6 

 Trust Assets Under Management &Trust Revenue  Assets in billionsRevenue in millions  7  Jun ‘15 annualized  Includes CTB portfolio 

 8   Banking Yrs. w/Name Position Experience CTBIJean R. Hale Chairman, President and CEO 46 years 46Mark A. Gooch CTB President and CEO 34 years 34Andy Waters CTIC President and CEO 28 years 11Kevin J. Stumbo EVP/Chief Financial Officer 28 years 20Steven E. Jameson EVP/Risk Manager 30 years 11James J. Gartner EVP/Chief Credit Officer 46 years (17 at OCC) 12James B. Draughn EVP/Operations 22 years 22Larry W. Jones EVP/C KY President 46 years 12Richard W. Newsom EVP/E KY President 32 years 32Ricky Sparkman EVP/SC KY/TN President 30 years 21D. Andrew Jones EVP/NE KY/WV President 28 years 28C. Wayne Hancock EVP/Senior Staff Attorney 6 years 6   Executive Management Team 

 9  Operational Philosophy  Traditional community banking business modelExecutive management and board of director commitment to corporate governanceDecentralized decision making and centralized operations and risk managementStrong loan portfolio risk management processSpecialized product offeringsMaintain a strong tangible equity positionGrowth through both internal and de novo branching and acquisitionConsistent long-term performance 

 10  Consistent Financial Performance   YTD 2015 2014 2013 2012 2011 EPS $1.34 $2.50 $2.64 $2.64 $2.31ROAA 1.25% 1.18% 1.24% 1.23% 1.11%ROAE 10.25% 9.94% 11.05% 11.52% 10.91%Net Int. Margin 3.87% 3.92% 4.03% 3.99% 4.13%Efficiency Ratio 57.96% 59.12% 59.33% 57.93% 60.23%Nonperforming Loans 1.20% 1.42% 1.67% 1.41% 1.46%Net Charge-offs 0.25% 0.31% 0.30% 0.37% 0.58%% of Average Assets:Noninterest Income 1.22% 1.23% 1.35% 1.23% 1.24%Noninterest Expense 2.79% 2.88% 3.02% 2.84% 3.03%  All information is for the year ended December 31 except YTD 2015 which is for the six months ended June 30. 

 Earnings Review  11 

 EPS increased 3.9% from 2nd quarter 2014 to 2nd quarter 20152015 EPS goal - $2.55 to $2.65 per share  Earnings Per Share  12 

 (in millions)  Net Income  Net income increased 4.5% from 2nd quarter 2014 to 2nd quarter 20152015 goal for net income - $44.0 to $47.0 million  13 

 Revenues  (in millions)  Revenues increased 2.8% from 2nd quarter 2014 to 2nd quarter 20152015 goal for revenues - $178.5 to $184.5 million  14  Jun ‘15 annualized 

 Noninterest income increased 9.2% from 2nd quarter 2014 to 2nd quarter 2015Increases in gains on sales of loans, deposit service charges, trust revenue, and loan related fees2015 goal for noninterest revenue – 22.0% to 26.0% of total revenue  Noninterest Incomeas a % of Total Revenue  (in millions)  15  Jun ‘15 annualized 

 Net interest revenue increased by 0.8% from prior year 2nd quarterNet interest margin decreased 7 basis pointsAverage earning assets increased $95.7 million, or 2.8%  (in millions)  Net Interest Revenue  16  Jun ‘15 annualized 

 Net Interest Margin  Pressure on the margin1-year cumulative gap position at 6/30/15 – (5.19)%  % of assets repricingWithin 30 days 35.64%% of liabilities repricing Within 30 days 15.92%Within 90 days 26.22%Within 180 days 44.82%  Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 3/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.  17 

 Net Noninterest Expenseas a % of Average Earning Assets  Noninterest Expense & Efficiency Ratio  (in millions)  (in millions)    Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 3/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.  18  Jun ‘15 annualized 

 Return on Average Assets  Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 3/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.  19 

 Balance Sheet Review  20 

 Total assets at 6/30/15 increased $46.3 million, or an annualized 2.5%, from 12/31/2014Loans increased $59.0 million or an annualized 4.4%Investment portfolio decreased $59.0 million or an annualized 18.5%Deposit growth $45.4 million or an annualized 2.9%2015 goal for total assets - $3.70 to $3.90 billion  (in billions)  Total Assets  21 

 (in billions)  Total Loans  Increases in the commercial, consumer direct, and indirect loan portfolios during the quarterLoan production for the year 2014 totaled $0.7 billion2015 goal for total loans - $2.80 to $2.85 billion  June 30, 2015  Loan PortfolioMix  22 

 Concentrations of Creditas a % of Total Loans  June 30, 2015  * As a percentage of funded exposure  23 

 Net Charge-offsas a % of Average Loans  NonperformingLoansas a % of Total Loans  Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 3/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.       June 30, 2015  24 

 Nonperforming Assetsas a % of Total Assets  Loan Loss Reserveas a % of Net Loans  $36.7 million in other real estate owned  Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 3/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.  25 

 Total Other Real Estate Owned  Sales of foreclosed properties for the six months ended 6/30/15 totaled $6.1 millionNew bookings in first six months of 2015 totaled $6.0 millionProperties under contract to sell were $2.3 million  (in millions)  26 

 (in billions)  Total Depositsincluding Repurchase Agreements  2015 goal for total deposits including repurchase agreements - $3.10 to $3.16 billion  Total Depositsincluding Repurchase Agreements  June 30, 2015  27 

 28  Our Hoops CD product has been offered for over 18 years100 basis point increase in rate in 1996, 1998, and 2012 with the University of Kentucky’s NCAA Basketball Championships$172 million in Hoops CDs as of 6/30/15  12 Month Certificate of Deposit: April 10th through maturity, rate paid is adjusted by 1 basis point for each University of Kentucky win; bonus 100 basis points added to rate for National Championship win. 

 Shareholder Value  29 

 Dividends Per Share  2014 cash dividends increased 2.3%Dividend payout ratio at June 30, 2015 was 44.77%Desired level between 40% and 50%June 30, 2015 cash dividend yield was 3.44%  30  * 2015 is projected DPS 

 Shareholders’ Equity  (in millions)  Shareholders’ equity has increased 32.3% during the past five years6.9% compound growth rate for the past five years2015 goal for shareholders’ equity - $467 to $475 million  6.9%  31 

 Book ValuePer Share  Tangible Common Equity/Assets  32 

 Total Market Capitalization  All data is as of year-end except 2015 which is as of June 30, 2015. Peer data not available as of June 30, 2015.Peer data obtained from SNL Financial; peer group consists of publicly traded regional bank holding companies with an average asset size of $3.7 billion, as defined in our Proxy Statement.  (in millions)  Price to Tangible Book Value 2010 2011 2012 2013 2014 6/30/15 CTBI 1.63x 1.51x 1.53x 2.06x 1.67x 1.54x Peer 1.29x 1.19x 1.39x 1.72x 1.72x N/A    33 

 5 Year Cumulative Total ReturnComparison of CTBI, NASDAQ Stock Market (U.S.), and NASDAQ Bank Stocks  An investment in CTBI stock on December 31, 2009 would have outperformed the NASDAQ Bank Stocks Index but not the NASDAQ Stock Market (U.S.) at December 31, 2014.      34 

 Comparison to Russell 2000 Indexof Small Cap Companies  Return to Investors  3-, 5-, and 10-year total returns annualized  December 31, 2014    35 

 Core Value Long-Term Investment  12 stock splits and 10 stock dividends34 years of consecutive increases in cash dividends5-year compound growth rate of cash dividends 1.6%Stock included in the NASDAQ Global Select Market, NASDAQ Dividend Achievers Index, and NASDAQ Bank Stock IndexRecognized by Forbes Magazine as one of “America’s 50 Most Trustworthy Financial Companies” and ranked 1st in the “Small Cap” categoryCTBI shareholders include124 institutional investors (including CTIC – 10.4%) hold 9.0 million shares (51.4%)194 mutual funds hold 4.8 million shares (27.5%)  Data as of December 31, 2014  36 

 Key Strategic Initiatives  37 

 Operational Priorities  Continuing focus on improving asset qualityLiquidation of other real estate ownedBuild core earnings capacityQuality loan growthLow cost deposit growthIncrease noninterest incomeWealth managementBrokerageLife insuranceMaintain net interest marginExpense controlCompliance ManagementOperational Efficiency  38 

 CTBI: 2015 Outlook  Net Income $44 - $47 millionEarnings Per Share $2.55 - $2.65 per shareROAA 1.18% - 1.24% ROAE 9.30% - 10.30% Assets $3.70 - $3.90 billionLoans $2.80 - $2.85 billionDeposits $3.10 - $3.16 billionShareholders’ Equity $467 - $475 million  39 

 CTBI’s Franchise Value  History of solid investor returnsHistorically strong capital positionCommunity banking strategyGrowth and good financial performance in slow growth marketsGrowth strategiesStrong experienced management team and over 1,000 dedicated employeesOur shareholders  40