Bronstein, Gewirtz & Grossman Investigates Community Trust Bancorp After $6.6 Million in Net Loan Charge-Offs

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Community Trust Bancorp, Inc. (NASDAQ: CTBI) after the bank reported $6.6 million in net loan charge-offs for the third quarter of 2026. The future of trading reported the investigation on October 25, 2026.

Community Trust Bancorp's Third-Quarter Charge-Offs

Community Trust Bancorp reported its third-quarter 2026 financial results on October 21, 2026, including earnings per share of $1.43, revenue of $79.7 million, and net loan charge-offs of $6.6 million. The company disclosed that the increase in net loan charge-offs was primarily attributable to an $8.7 million commercial lending relationship. Although management had determined as of June 30, 2026, that the loan was well secured, the collateral was subsequently sold at auction in September for significantly less than expected, resulting in a $4.3 million charge-off. Following this news, Community Trust Bancorp's stock price dropped as much as $7.95 per share, or approximately 10.6%, during intraday trading on October 21, 2026.

Bronstein, Gewirtz & Grossman is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. "Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC. The firm represents investors in class actions on a contingency fee basis, asking the court to reimburse out-of-pocket expenses and attorneys' fees only if successful. Investors can contact Peretz Bronstein or his client relations manager, Nathan Miller, at 917-590-0911.

Community Trust Bancorp's Balance Sheet

According to akta.pro company records, Community Trust Bancorp is a regional bank holding company operating 69 branches across Kentucky, West Virginia, and Tennessee, providing retail and commercial banking, wealth and trust management, and investment and insurance products. The same records show total assets of $6.7 billion as of Q1 2026, representing 7.4% year-over-year growth from $6.2 billion in Q1 2025. Total loans reached $5.0 billion as of Q1 2026, up 7.6% year-over-year, and total deposits were $5.7 billion as of Q1 2026, up 7.0% year-over-year.

Community Trust Bancorp's Recent Dividend and Earnings

Community Trust Bancorp declared a quarterly cash dividend of $0.65 per share on July 28, 2026, a 22.6% increase from the prior dividend of $0.53, Seeking Alpha reported. The dividend was payable October 1 to shareholders of record September 15. Simply Wall St reported that Community Trust Bancorp's second-quarter 2026 results included net interest income of $60.89 million and net income of $29.62 million, with basic earnings per share of $1.64 from continuing operations. MarketBeat reported that analysts projected $1.65 in earnings per share and $80.20 million in revenue for the third quarter ahead of the October 21 announcement.

What Comes Next for Community Trust Bancorp

Community Trust Bancorp announced in April 2026 that Richard W. Newsom, Executive Vice President of the holding company and President of Community Trust Bank, plans to retire effective February 5, 2027, according to akta.pro company records.