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Community Trust® Bancorp , Inc. NEWS RELEASE Community Trust Bancorp , Inc. Reports Earnings for the Third Quarter 2021 10/20/2021 PIKEVILLE , KY .-- ( BUSINESS WIRE ) -- Community Trust Bancorp , Inc. ( NASDAQ : CTBI ) : Earnings Summary 3Q ( in thousands except per share data ) 2021 2Q 2021 3Q YTD YTD 2020 2021 2020 Net income Earnings per share $ 21,142 $ 1.19 $ 23,931 $ 1.35 $ 17,447 $ 0.98 $ 68,691 $ 3.86 $ 43,678 $ 2.46 Earnings per share - diluted $ 1.19 $ 1.34 $ 0.98 $ 3.86 $ 2.46 Return on average assets 1.54 % 1.76 % 1.38 % 1.71 % 1.23 % Return on average equity 12.06 % 14.20 % 10.81 % 13.55 % 9.26 % Efficiency ratio Tangible common equity Dividends declared per share Book value per share Weighted average shares Weighted average shares - diluted 53.50 % 53.17 % 55.99 % 52.35 % 56.72 % 11.77 % 11.39 % 11.68 % $ 0.400 $ 0.385 $ 0.385 $ 1.170 $ 1.145 $ 38.78 $ 38.36 $ 36.20 17,790 17,784 17,746 17,808 17,800 17,752 17,783 17,798 17,746 17,753 Community Trust Bancorp , Inc. ( NASDAQ - CTBI ) achieved earnings for the third quarter 2021 of $ 21.1 million , or $ 1.19 per basic share , compared to $ 23.9 million , or $ 1.35 per basic share , earned during the second quarter 2021 and $ 17.4 million , or $ 0.98 per basic share , earned during the third quarter 2020. Our loan portfolio quality continues to see improvement , allowing a further reduction in credit loss reserves . Noninterest income declined ; however , total revenue increased as our net interest margin saw improvement resulting from a redeployment of 1