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Community Trust® Bancorp , Inc. NEWS RELEASE Community Trust Bancorp , Inc. Reports Record Earnings for the Second Consecutive Quarter 2021 7/21/2021 PIKEVILLE , KY .-- ( BUSINESS WIRE ) -- Community Trust Bancorp , Inc. ( NASDAQ : CTBI ) : Earnings Summary ( in thousands except per share data ) Net income Earnings per share Earnings per share - diluted Return on average assets Return on average equity Efficiency ratio Tangible common equity Dividends declared per share Book value per share Weighted average shares Weighted average shares - diluted 2Q 1Q 2Q YTD YTD 2021 2021 2020 2021 2020 ᏌᏊ ᏌᏊ ᏌᏊ $ 23,931 $ 23,618 $ 19,652 $ 47,549 $ 26,231 $ 1.35 $ 1.33 $ 1.11 $ 2.67 $ 1.48 $ 1.34 $ 1.33 $ 1.11 $ 2.67 $ 1.48 1.76 % 1.84 % 1.63 % 1.80 % 1.14 % 14.20 % 14.48 % 12.66 % 14.34 % 8.45 % 53.17 % 50.37 % 55.17 % 51.76 % 57.12 % 11.39 % 11.27 % 11.42 % $ 0.385 $ 38.36 $ 0.385 $ 37.14 $ 0.380 35.51 $ 0.770 $ 0.760 17,784 17,800 17,739 17,742 17,746 17,753 17,774 17,787 17,779 17,794 Community Trust Bancorp , Inc. ( NASDAQ : CTBI ) experienced record earnings for the second consecutive quarter as our loan portfolio quality and the industry outlook continue to see improvement , allowing a reduction in credit loss reserves . Earnings for the second quarter 2021 were a record $ 23.9 million , or $ 1.35 per basic share , compared to $ 23.6 million , or $ 1.33 per basic share , earned during the first quarter 2021 and $ 19.7 million , or $ 1.11 per basic share , earned during the second quarter 2020. Earnings for the six months ended June 30 , 2021 were $ 47.5 million 1