Exhibit 99.1
Investor Presentation February 2021
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 2019 Annual Report on Form 10-K,
Cautionary Statement Regarding Forward Looking Statements for additional information. 2
Key Metrics Total Assets $5.1 billionMarket Capitalization $659.9 millionCash Dividend Yield 4.16%P/E
Ratio 11.1xPrice to Book Value 1.0xPrice to Tangible Book Value 1.1xTangible Common Equity Ratio 11.62%Competitive Position2nd largest Kentucky domiciled bank holding company 2nd 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 institutions Financial data as of December 31, 2020 3
Corporate History 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 4
Our Banking Franchise Serving customers in 79 branch 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 RegionLoans - $740 million Loans - $1.0
billion Loans - $427 millionDeposits - $1.1 billion Deposits - $1.8 billion Deposits - $576 million• Danville • Floyd/Knott/Johnson • Advantage Valley• Lexington • Hazard • Ashland• Mt. Sterling • Pikeville • Flemingsburg• Richmond • Tug Valley
• Summersville• Versailles • Whitesburg• WinchesterSouth Central Region Indirect LendingLoans - $759 million Loans - $620 million Deposits - $869 million• Campbellsville CTIC• LaFollette Assets Under Management - $2.8 billion (including $1.0
billion CTB)• Middlesboro Revenues - $14.6 million• Mt. Vernon • Williamsburg • Ashland • LaFollette • Lexington • Pikeville • Versailles 3 Financial data as of December 31, 2020 6
Trust Assets Under Management & Trust Revenue Includes CTB portfolio Assets in billionsRevenue in
millions 7
Executive Management Team Banking Yrs. w/Name Position Experience CTBIJean R. Hale Chairman, President
and CEO 51 years 51Mark A. Gooch CTB President and CEO 39 years 39Andy Waters CTIC President and CEO 34 years 17Kevin J. Stumbo EVP/Chief Financial Officer 34 years 26Steven E. Jameson EVP/Risk Manager 35 years 16James J. Gartner EVP/Chief
Credit Officer 52 years (17 at OCC) 18James B. Draughn EVP/Operations 27 years 27Larry W. Jones EVP/C KY President 52 years 18Richard W. Newsom EVP/E KY President 37 years 37Ricky Sparkman EVP/SC KY/TN President 36 years 27D. Andrew Jones
EVP/NE KY/WV President 33 years 33C. Wayne Hancock EVP/Senior Staff Attorney 12 years 12 8
Operational Philosophy Traditional community banking business modelExecutive management and board of
director commitment to strong corporate governanceDecentralized decision making and centralized operations and risk managementStrong loan portfolio risk management processSpecialized product offeringsMaintain a strong tangible equity
positionOrganic growth expectations combined with de novo branching and acquisitionConsistent long-term performance 9
Consistent Financial Performance 2020 2019 2018 2017 2016 EPS $3.35 $3.64 $3.35 $2.92 $2.70ROAA 1.23%
1.49% 1.41% 1.27% 1.21%ROAE 9.36% 10.84% 10.83% 9.93% 9.58%Net Int. Margin 3.33% 3.60% 3.66% 3.67% 3.70%Efficiency Ratio 58.30% 60.70% 60.17% 58.66% 58.54%Nonperforming Loans 0.75% 1.03% 0.69% 0.91% 0.93%Net Charge-offs 0.18% 0.18% 0.20% 0.24%
0.28%% of Average Assets:Noninterest Income 1.09% 1.14% 1.24% 1.18% 1.22%Noninterest Expense 2.46% 2.73% 2.80% 2.70% 2.73% 10 All information is for the year ended December 31
Earnings Review
Earnings Per Share EPS decreased 8.0% from 2019 to 20202021 EPS goal - $3.76 to $3.92 per share 12
Net Income Net income decreased 7.8% from 2019 to 20202021 goal for net income - $67.1 to $69.8
million (in millions) 13
Revenues Revenues increased 5.4% from 2019 to 20202021 goal for revenues - $209.6 to $218.1 million (in
millions) 14
Noninterest Incomeas a % of Total Revenue Noninterest income increased 8.7% from 2019 to 20202021 goal
for noninterest revenue – 24.0% to 26.0% of total revenue (in millions) 15
Net Interest Revenue Net interest revenue increased by 4.2% from 2019 to 2020Net interest margin
decreased 27 basis pointsAverage earning assets increased $518.2 million, or 12.8% (in millions) 16
Net Interest Margin Pressure on the margin1-year cumulative gap position at 12/31/20 – (9.41)% Peer
data obtained from the Federal Reserve Bank Holding Company Performance Report as of 9/30/2020 for bank holding companies with consolidated assets of $3 billion to $10 billion. % of assets repricingWithin 30 days 30.24%% of liabilities
repricing Within 30 days 44.25%Within 90 days 50.52%Within 180 days 54.22% 17
Net Noninterest Expenseas a % of Average Earning Assets Peer data obtained from the Federal Reserve Bank
Holding Company Performance Report as of 9/30/2020 for bank holding companies with consolidated assets of $3 billion to $10 billion. (in millions) 18 Noninterest Expense & Efficiency Ratio (in millions)
Return on Average Assets Peer data obtained from the Federal Reserve Bank Holding Company Performance
Report as of 9/30/2020 for bank holding companies with consolidated assets of $3 billion to $10 billion. 19
Balance Sheet Review
Total Assets Total assets at 12/31/20 increased $773.1 million, or 17.7%, from 12/31/19Loans increased
$305.5 million or 9.4%Investment portfolio increased $397.4 million or 66.0%Deposits increased $739.5 million or 20.4%2021 goal for total assets - $5.04 to $5.35 billion (in billions) 21
Total Loans Loans increased $305.5 million, or 9.4%, from 12/31/192021 goal for total loans - $3.48 to
$3.63 billion (in billions) 22 Loan Portfolio Mix December 31, 2020 Loan Rate Mix
CARES Act Loan Deferral Status 23 Deferrals One Time Two Times Three
Times Four Times Outstanding (dollars in millions) Number Amount Number Amount Number Amount Number Amount Number Amount Commercial 841 $571 153 $223 45 $83 5 $3 109 $118 Residential
552 63 100 10 15 2 1 0 108 9 Consumer 2,088 36 41 1 3 0 0 0 193 3 3,481 $670 294 $234 63 $85 6 $3 410 $130
PPP Loans 24 As of December 31, 2020, we have closed 2,962 PPP loans totaling $277.0 million 2,817 were
under $350 thousand132 were between $350 thousand and $2.0 million13 were over $2.0 million (in thousands) AverageBalance Interest AverageEffective Rate PPP loans $182,008 $5,638 3.05%
Concentrations of Creditas a % of Total Loans December 31, 2020 25 There were no nonperforming loans
in any of these loan categories as of December 31, 2020.
Indirect Lending (in millions) 26
Net Charge-offsas a % of Average Loans Peer data obtained from the Federal Reserve Bank Holding Company
Performance Report as of 9/30/2020 for bank holding companies with consolidated assets of $3 billion to $10 billion. December 31, 2020 27 Nonperforming Loansas a % of Total Loans
Nonperforming Assetsas a % of Total Assets $7.7 million in other real estate owned 28 Loan Loss
Reserveas a % of Net Loans Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 9/30/2020 for bank holding companies with consolidated assets of $3 billion to $10 billion. Loan loss reserve excluding PPP
loans – 1.45%
29 Allowance for Credit Losses 4Q19 Probable Incurred Losses January 1, 2020 CECL
Adoption March 31, 2020 CECL December 31, 2020 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% $27,577 1.46% Residential mortgage 5,501 0.61% 7,319 0.81% 7,850 0.86% 8,676 0.98% Consumer
direct 1,711 1.16% 1,671 1.13% 2,200 1.51% 1,863 1.22% Consumer indirect 6,201 1.18% 7,467 1.42% 9,365 1.69% 9,906 1.60% Total allowance for loan and lease losses/allowance for credit
losses $35,096 1.08% 38,137 1.17% $49,445 1.50% $48,022 1.35% Reserve for unfunded lending commitments $274 $386 $404 $494
Total Other Real Estate Owned Sales of foreclosed properties for the year ended 12/31/20 totaled $14.8
millionNew bookings in 2020 totaled $4.4 millionProperties under contract to sell at December 31, 2020 totaled $1.2 million (in millions) 30
Total Depositsincluding Repurchase Agreements 2021 goal for total deposits including repurchase
agreements - $4.30 to $4.47 billion (in billions) 31 Total Depositsincluding Repurchase Agreements December 31, 2020
Our Hoops CD product has been offered for over 20 years100 basis point increase in rate in 1996, 1998,
and 2012 with the University of Kentucky’s NCAA Basketball Championships$199 million in Hoops CDs as of 12/31/20 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. 32
Shareholder Value
Dividends Per Share Dividend payout ratio at December 31, 2020 was 45.7%Desired level between 40% and
50%December 31, 2020 cash dividend yield was 4.16%Cash dividend increased to $0.385 per share effective October 1, 2020, an increase of 1.32% 34 *2020 is projected DPS
Shareholders’ Equity Shareholders’ equity has increased 28.6% during the past five years6.4% compound
growth rate for the past five years2021 goal for shareholders’ equity - $682.6 to $710.5 million (in millions) 35 6.4%
Book Value Per Share Tangible Common Equity/Assets 36
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. (in millions) 37 Price to Tangible Book Value 2015 2016 2017 2018 2019 2020CTBI 1.50x 2.01x 1.79x 1.41x 1.51x 1.12xPeer 1.71x 1.83x 2.17x
1.96x 1.85x 1.73x All data is as of year-end.
5 Year Cumulative Total ReturnComparison of CTBI, NASDAQ Stock Market (U.S.), and NASDAQ Bank Stocks An
investment in CTBI stock on December 31, 2015 would have underperformed the NASDAQ Stock Market (U.S.) and the NASDAQ Bank Stocks Index at December 31, 2020. 38
Comparison to Russell 2000 Indexof Small Cap Companies 3-, 5-, and 10-year total returns
annualized Return to Investors 39 December 31, 2020
Core Value Long-Term Investment 12 stock splits and 10 stock dividends40 years of consecutive increases
in cash dividends5-year compound growth rate of cash dividends 4.7%Stock included in the NASDAQ Global Select Market, NASDAQ Dividend Achievers Index, and NASDAQ Bank Stock IndexCTBI shareholders include186 institutional investors (including
CTIC – 10.16%) hold 10.5 million shares (55.3%)309 mutual funds hold 5.1 million shares (28.6%) Data as of December 31, 2020 40
Key Strategic Initiatives
Operational Priorities Build core earnings capacityQuality loan growthLow cost deposit growthMaintain
net interest margin Operational efficiencyExpense controlNoninterest revenue growthCompliance managementIncrease noninterest incomeWealth managementBrokerageLife insuranceContinuing focus on improving asset quality Liquidation of other real
estate owned 42
CTBI’s Franchise Value History of solid investor returnsHistorically strong capital positionInvestor
focused dividend policyDividend Achievers IndexConsistent financial performanceCommunity banking strategyEconomic diversity in the markets we serveStrong experienced management team and over 1,000 dedicated employeesOur shareholders 43
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