Exhibit 99.1
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 2021 Annual Report on Form 10-K,
Cautionary Statement Regarding Forward Looking Statements for additional information. 2
Key Metrics Total Assets $5.4 billion Market Capitalization $723.7 million Cash Dividend Yield
3.96% P/E Ratio 9.0x Price to Book Value 1.1x Price to Tangible Book Value 1.3x Tangible Common Equity Ratio 10.53% Competitive Position 3rd largest Kentucky domiciled bank holding company 3rd in Kentucky in deposit market share of
all Kentucky domiciled FDIC insured institutions 8th largest bank in Kentucky in terms of deposit market share of all FDIC insured institutions Financial data as of June 30, 2022 Deposit market share as of June 30, 2021 3
Corporate History 1903 Pikeville National bank formed 1987-2005 Acquired 14 banks and purchased 17
branch locations 1997 Changed name to Community Trust Bancorp, Inc. 2010 Acquired LaFollette First National Corporation Presently Two operational subsidiaries~ Community Trust Bank, Inc. and Community Trust and Investment Company 4
Our Banking Franchise Serving customers in 78 locations in 35 counties throughout Kentucky, Tennessee,
and West Virginia, including 5 trust offices in Kentucky and Tennessee
Our Banking Franchise Central Region Eastern Region Northeastern Region Loans - $784 million Loans -
$950 million Loans - $387 million Deposits - $1.2 billion Deposits - $1.8 billion Deposits - $610 million • Danville • Floyd/Knott/Johnson • Advantage Valley • Lexington • Hazard • Ashland • Mt. Sterling • Pikeville • Flemingsburg •
Richmond • Tug Valley • Summersville • Versailles • Whitesburg • Winchester South Central Region Indirect Lending Loans - $735 million Loans - $697 million Deposits - $1.0 billion • Campbellsville CTIC • LaFollette Assets Under
Management - $3.3 billion (including $1.4 billion CTB) • Middlesboro Revenues - $18.1 million annualized • Mt. Vernon • Williamsburg • Ashland • LaFollette • Lexington • Pikeville • Versailles Financial data as of June 30,
2022 6
Trust Assets Under Management & Trust Revenue Includes CTB portfolio Assets in billions Revenue
in millions 7 Jun ‘22 Revenue annualized
Executive Management Team Banking Yrs. w/ Name Position Experience CTBI Mark A. Gooch Vice
Chairman, President, and CEO 41 years 41 Richard W. Newsom CTB President 39 years 39 Andy Waters CTIC President and CEO 35 years 18 Kevin J. Stumbo EVP/Chief Financial Officer 35 years 27 Steven E. Jameson EVP/Risk Manager 37 years
18 James J. Gartner EVP/Chief Credit Officer 54 years (17 at OCC) 20 James B. Draughn EVP/Operations 29 years 29 Larry W. Jones EVP/C KY President 53 years 19 David Tackett EVP/E KY President 34 years 30 Ricky Sparkman EVP/SC KY/TN
President 37 years 28 D. Andrew Jones EVP/NE KY/WV President 35 years 35 C. Wayne Hancock EVP/Senior Staff Attorney 13 years 13 8
Operational Philosophy Traditional community banking business model Executive management and board of
director commitment to strong corporate governance Decentralized decision making and centralized operations and risk management Strong loan portfolio risk management process Specialized product offerings Maintain a strong tangible equity
position Organic growth expectations combined with de novo branching and acquisition Consistent long-term performance 9
Consistent Financial Performance YTD 2022 2021 2020 2019 2018 EPS $2.24 $4.94 $3.35 $3.64
$3.35 ROAA 1.48% 1.63% 1.23% 1.49% 1.41% ROAE 12.25% 12.88% 9.36% 10.84% 10.83% Net Int. Margin 3.19% 3.21% 3.33% 3.60% 3.66% Efficiency Ratio 53.51% 53.11% 58.30% 60.70% 60.17% Nonperforming Loans 0.39% 0.49% 0.75% 1.03% 0.69% Net
Charge-offs 0.02% 0.00% 0.18% 0.18% 0.20% % of Average Assets: Noninterest Income 1.10% 1.13% 1.09% 1.14% 1.24% Noninterest Expense 2.20% 2.21% 2.46% 2.73% 2.80% 10 All information is for the year ended December 31 except YTD 2022 which
is for the six months ended June 30.
Earnings Review
Earnings Per Share EPS decreased 16.1% from June 2021 to June 2022 2022 EPS goal - $4.15 to $4.31 per
share 12
Net Income Net income decreased 15.8% from June 2021 to June 2022 2022 goal for net income - $74.1 to
$77.1 million (in millions) 13
Revenues Revenues decreased 0.9% from June 2021 to June 2022 2022 goal for revenues - $216.0 to
$224.8 million (in millions) 14
Noninterest Incomeas a % of Total Revenue Year-to-date noninterest income decreased 5.2% from June
2021 to June 2022 2022 goal for noninterest revenue – 24.0% to 26.0% of total revenue (in millions) 15 Jun ’22 annualized
Net Interest Revenue YTD net interest revenue increased by 0.7% year over year for the six months
ended June 30 Net interest margin decreased 2 basis points Average earning assets increased $65.5 million, or 1.3% (in millions) 16 Jun ’22 annualized
Net Interest Margin Pressure on the margin 1-year cumulative gap position at 6/30/22 – (18.39)% Peer
data obtained from the Federal Reserve Bank Holding Company Performance Report as of 3/31/2022 for bank holding companies with consolidated assets of $3 billion to $10 billion. % of assets repricing Within 30 days 25.88% % of liabilities
repricing Within 30 days 47.23% Within 90 days 52.07% Within 180 days 60.86% 17
Net Noninterest Expenseas a % of Average Earning Assets Peer data obtained from the Federal Reserve
Bank Holding Company Performance Report as of 3/31/2022 for bank holding companies with consolidated assets of $3 billion to $10 billion. (in millions) 18 Noninterest Expense & Efficiency Ratio (in millions) Jun ’22 annualized
Return on Average Assets Peer data obtained from the Federal Reserve Bank Holding Company Performance
Report as of 3/31/2022 for bank holding companies with consolidated assets of $3 billion to $10 billion. 19
Balance Sheet Review
Total Assets Total assets at 6/30/22 increased $29.1 million, or an annualized 1.1%, from
12/31/21 Loans increased $149.6 million or an annualized 8.9% Investment portfolio decreased $53.3 million or an annualized 7.4% Deposits increased $96.3 million or an annualized 4.2% 2022 goal for total assets - $5.42 to $5.75
billion (in billions) 21
Total Loans Loans increased $149.6 million, or an annualized 8.9%, from 12/31/21 Loans excluding PPP
loans were $3.55 million at 6/30/21, a $0.2 million increase from 12/31/21 2022 goal for total loans - $3.41 to $3.55 billion (in billions) 22 Loan Portfolio Mix June 30, 2022 Loan Rate Mix
PPP Loans 23 For the quarter ended June 30, 2022, the PPP loan portfolio had an annualized yield of
15.99% compared to 17.03% for the first quarter 2022. The impact of the PPP loan portfolio to the net interest margin was an increase of 3 basis points for the second quarter 2022 compared to an increase of 11 basis points for the first
quarter 2022. The PPP loan portfolio declined during the quarter $14.7 million as a result of SBA forgiveness. (in thousands) Average Balance Interest Average Effective Rate PPP loans $24,432 $1,964 15.99%
Concentrations of Creditas a % of Total Loans June 30, 2022 24 There were no nonperforming loans in
any of these loan categories as of June 30, 2022.
Indirect Lending (in millions) 25 Jun ’22 annualized
Net Charge-offsas a % of Average Loans Peer data obtained from the Federal Reserve Bank Holding
Company Performance Report as of 3/31/2022 for bank holding companies with consolidated assets of $3 billion to $10 billion. 26 Nonperforming Loansas a % of Total Loans Commercial loans were a net charge-off of $245 thousand Consumer
direct loans were a net charge-off of $85 thousand Consumer indirect loans were a net recovery of $124 thousand Residential loans were a net charge-off of $158 thousand
Nonperforming Assetsas a % of Total Assets $2.0 million in other real estate owned 27 Loan Loss
Reserve as a % of Net Loans Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 3/31/2022 for bank holding companies with consolidated assets of $3 billion to $10 billion. Loan loss reserve excluding
PPP loans – 1.19%
28 Allowance for Credit Losses 4Q19 Probable Incurred Losses January 1, 2020 CECL Adoption March
31, 2020 CECL June 30, 2022 CECL (dollars in thousands) Amount % of Portfolio Amount % of Portfolio Amount % of Portfolio Amount % of Portfolio Allowance for loan and lease losses transitioned to allowance for credit
losses: Commercial $21,683 1.30% $21,680 1.30% $30,030 1.79% $23,962 1.33% Residential mortgage 5,501 0.61% 7,319 0.81% 7,850 0.86% 9,066 1.00% Consumer
direct 1,711 1.16% 1,671 1.13% 2,200 1.51% 1,621 1.01% Consumer indirect 6,201 1.18% 7,467 1.42% 9,365 1.69% 7,695 1.10% Total allowance for loan and lease losses/allowance for credit
losses $35,096 1.08% 38,137 1.17% $49,445 1.50% $42,344 1.19% Reserve for unfunded lending commitments $274 $386 $404 $432
Total Other Real Estate Owned Sales of foreclosed properties for the six months ended 6/30/22 totaled
$1.8 million New bookings in the first six months of 2022 totaled $0.4 million Properties under contract to sell at June 30, 2022 totaled $0.4 million (in millions) 29
Total Depositsincluding Repurchase Agreements 2022 goal for total deposits including repurchase
agreements - $4.63 to $4.82 billion (in billions) 30 Total Depositsincluding Repurchase Agreements June 30, 2022
Our Hoops CD product has been offered for over 22 years 100 basis point increase in rate in 1996,
1998, and 2012 with the University of Kentucky’s NCAA Basketball Championships $230 million in Hoops CDs as of 6/30/22 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. 31
Shareholder Value
Dividends Per Share Dividend payout ratio at June 30, 2022 was 35.7% Desired level between 40% and
50% June 30, 2022 cash dividend yield was 3.96% Cash dividend increased to $0.44 per share effective October 1, 2022, an increase of 10% 33 *2022 is projected DPS
Shareholders’ Equity Shareholders’ equity has increased 31.6% during the past five years 6.7%
compound growth rate for the past five years 2022 goal for shareholders’ equity - $733.5 to $763.4 million (in millions) 34 6.7%
Book Value Per Share Tangible Common Equity/Assets 35
Total Market Capitalization Peer data obtained from S&P Global; peer group consists of publicly
traded regional bank holding companies with comparative assets, as defined in our Proxy Statement. 36 Price to Tangible Book Value 2017 2018 2019 2020 2021 6/30/22 CTBI 1.79x 1.41x 1.51x 1.12x 1.23x 1.28x Peer 2.17x 1.96x 1.85x 1.73x
1.81x 1.71x All data is as of year-end except 2021 which is as of June 30, 2022. (in millions)
5 Year Cumulative Total ReturnComparison of CTBI, NASDAQ Stock Market (U.S.), and NASDAQ Bank
Stocks An investment in CTBI stock on December 31, 2016 would have underperformed the NASDAQ Stock Market (U.S.) and the NASDAQ Bank Stocks Index at December 31, 2021. 37
Comparison to Russell 2000 Indexof Small Cap Companies 3-, 5-, and 10-year total returns
annualized Return to Investors 38 June 30, 2022
Core Value Long-Term Investment 12 stock splits and 10 stock dividends 42 years of consecutive
increases in cash dividends 5-year compound growth rate of cash dividends 4.5% Stock included in the NASDAQ Global Select Market, NASDAQ Dividend Achievers Index, and NASDAQ Bank Stock Index CTBI shareholders include 220 institutional
investors (including CTIC – 10.53%) hold 10.8 million shares (57.6%) 335 mutual funds hold 5.3 million shares (29.6%) Data as of June 30, 2022 39
Key Strategic Initiatives
Operational Priorities Build core earnings capacity Quality loan growth Low cost deposit
growth Maintain net interest margin Operational efficiency Expense control Noninterest revenue growth Compliance management Increase noninterest income Wealth management Brokerage Life insurance Continuing focus on improving asset
quality Liquidation of other real estate owned 41
CTBI’s Franchise Value History of solid investor returns Historically strong capital
position Investor focused dividend policy Dividend Achievers Index Consistent financial performance Community banking strategy Economic diversity in the markets we serve Strong experienced management team and over 1,000 dedicated
employees Our shareholders 42
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