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Washington, D.C.  20549


Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
March 31, 2016

Community Trust Bancorp, Inc.
(Exact name of registrant as specified in its charter)

(State or other jurisdiction of
(IRS Employer Identification Number)
Incorporation or organization)
346 North Mayo Trail
Pikeville, Kentucky
(Address of principal executive offices)
(Zip code)

 (606) 432-1414
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ] Soliciting material pursuant to Rule 425 under the Securities Act (17 CFR 240.14a-12)
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 7.01 – Regulation FD Disclosure

On April 26, 2016, Community Trust Bancorp, Inc. (the “Company”) is holding its 2016 Annual Meeting of Shareholders.  In connection with this meeting, a presentation is being made by the Company's Chairman, President and CEO, Jean R. Hale, that is accompanied by a series of slides.  These slides include information relating to the Company’s 2015 and first quarter 2016 financial results, as well as future performance goals.  A copy of these slides is being furnished to the Securities and Exchange Commission pursuant to Item 7.01 – Regulation FD Disclosure of Form 8-K and is attached hereto as Exhibit 99.1.  The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits

The following exhibit is filed with this report:

2016 Annual Shareholders’ Meeting Presentation



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:  April 26, 2016
/s/ Jean R. Hale
Jean R. Hale
Chairman, President and Chief Executive Officer


Exhibit Index

Exhibit No.
2016 Annual Shareholders’ Meeting Presentation
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Section 2: EX-99.1 (CTBI 2016 SHAREHOLDERS' PRESENTATION 8-K EX. 99.1)

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 2015 Annual Report on Form 10-K, Cautionary Statement Regarding Forward Looking Statements for additional information.  2 

  12/31/15 4/22/16Market Capitalization $613.1 million $641.1 millionDividend Yield ¹ 3.55% 3.40%P/E Ratio ² 13.1x 13.8%Competitive Position2nd largest Kentucky domiciled bank holding company#1 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  Key Metrics  ¹ Dividend yield as of 4/22/16 utilizes annualized dividends as of 3/31/16 ² P/E Ratio as of 4/22/16 utilizes annualized earnings as of 3/31/16  3 

 Our Banking Franchise  Serving customers in 80 branch locations in 35 counties throughout Kentucky, Tennessee, and West Virginia, including 5 trust offices in Kentucky and Tennessee  4 

 Our Banking Franchise  Central Region Eastern Region Northeastern RegionLoans - $634 million Loans - $886 million Loans - $341 millionDeposits - $705 million Deposits - $1.3 billion Deposits - $497 million• Danville • Floyd/Knott/Johnson • Advantage Valley• Lexington • Hazard • Ashland• Mt. Sterling • Pikeville • Flemingsburg• Richmond • Tug Valley • Summersville• Versailles • Whitesburg• Winchester South Central Region CTICLoans - $620 million Assets Under Management - $1.9 billion (including $0.6 bill CTB)Deposits - $670 million Revenues - $13.3 million• Campbellsville • Ashland• LaFollette • LaFollette• Middlesboro • Lexington• Mt. Vernon • Pikeville• Williamsburg • Versailles  Financial data as of December 31, 2015  5 

 Trust Assets Under Management &Trust Revenue  Assets in billionsRevenue in millions  6  Includes CTB portfolio 

 7  2015 Performance 

 2015 Performance Summary   Budget ResultsEarnings $45.4 million $46.4 millionEPS $2.59 per share $2.66 per shareROAA 1.21% 1.23%ROAE 9.81% 9.97%Assets $3.81 billion $3.90 billionLoans $2.84 billion $2.87 billionDeposits $3.13 billion $3.23 billionShareholders’ equity $472.0 million $475.6 million  8 

 Shareholder Value  9 

 2015 cash dividends increased 3.3%2.1% compound growth rate for past five yearsDecember 31, 2015 cash dividend yield was 3.55%Cash dividend increased to $0.31 per share effective October 1, 2015  Dividends Per Share  *2016 is projected DPS  2.1%  10 

 Shareholders’ Equity  (in millions)  Shareholders’ equity has increased 29.6% during the past five years7.0% compound growth rate for the past five years2016 goal for shareholders’ equity - $485 to $520 million  7.0%  11 

 Book ValuePer Share  Tangible Common Equity/Assets  12 

 Total Market Capitalization  All data is as of year-end except 2016 which is as of March 31, 2016. Peer data not available as of March 31, 2016.Peer data obtained from SNL Financial; peer group consists of publicly traded regional bank holding companies with an average asset size of $3.9 billion, as defined in our Proxy Statement.  (in millions)  Price to Tangible Book Value 2011 2012 2013 2014 2015 3/31/16 CTBI 1.51x 1.53x 2.06x 1.67x 1.50x 1.48x Peer 1.19x 1.39x 1.72x 1.72x 1.71x N/A    13 

 5 Year Cumulative Total ReturnComparison of CTBI, NASDAQ Stock Market (U.S.), and NASDAQ Bank Stocks  An investment in CTBI stock on December 31, 2010 would have outperformed the NASDAQ Bank Stocks Index but not the NASDAQ Stock Market (U.S.) at December 31, 2015.      14 

 Comparison to Russell 2000 Indexof Small Cap Companies  Return to Investors  3-, 5-, and 10-year total returns annualized  December 31, 2015    15 

 Core Value Long-Term Investment  12 stock splits and 10 stock dividends35 years of consecutive increases in cash dividends5-year compound growth rate of cash dividends 2.1%Stock included in the NASDAQ Global Select Market, NASDAQ Dividend Achievers Index, and NASDAQ Bank Stock IndexRecognized as one of “America’s 50 Most Trustworthy Financial Companies” for two consecutive years and ranked 1st and 2nd in the “Small Cap” category in the years 2014 and 2015, respectivelyCTBI shareholders include164 institutional investors (including CTIC – 10.6%) hold 9.6 million shares (53.1%)216 mutual funds hold 4.6 million shares (26.0%)  Data as of December 31, 2015  16 

 Earnings Review  17 

 EPS increased 6.4% from 2014 to 20152016 EPS goal - $2.72 to $2.82 per share  Earnings Per Share  18 

 Return on Average Assets  Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 12/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.  19 

 (in millions)  Net Income  Net income increased 7.4% from 2014 to 20152016 goal for net income - $48.0 to $49.2 million  20 

 Revenues  (in millions)  2015 revenues increased 1.1% from 20142016 goal for revenues - $183.0 to $189.6 million  21 

 2015 noninterest income increased 3.8% from 2014Increases in gains on sales of loans, deposit service charges, trust revenue, and loan related fees, and decreased securities losses2016 goal for noninterest revenue – 26.0% to 26.5% of total revenue  Noninterest Incomeas a % of Total Revenue  (in millions)  22 

 2015 net interest revenue increased by 0.1% from 2014Net interest margin decreased 11 basis pointsAverage earning assets increased $102.1 million, or 3.0%  (in millions)  Net Interest Revenue  23 

 Net Interest Margin  Pressure on the margin1-year cumulative gap position at 12/31/15 – (6.43)%  % of assets repricingWithin 30 days 31.76%% of liabilities repricing Within 30 days 15.42%Within 90 days 25.96%Within 180 days 36.62%  Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 12/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.  24 

 Net Noninterest Expenseas a % of Average Earning Assets  Noninterest Expense & Efficiency Ratio  (in millions)  (in millions)    Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 12/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.  25 

 Balance Sheet Review  26 

 Total assets at 12/31/15 increased $180.2 million, or 4.8%, from 12/31/2014Loans increased $140.1 million or 5.1%Investment portfolio decreased $45.3 million or 7.0%Deposits growth $122.6 million or 3.9%2016 goal for total assets - $3.80 to $4.20 billion  (in billions)  Total Assets  27 

 (in billions)  Total Loans  Total loans at 12/31/15 increased 5.1% from 12/31/14Loan production for the year totaled $0.8 billion2016 goal for total loans - $2.90 to $3.10 billion  December 31, 2015  Loan PortfolioMix  28 

 Concentrations of Creditas a % of Total Loans  December 31, 2015  * As a percentage of funded exposure  29 

 Net Charge-offsas a % of Average Loans  NonperformingLoansas a % of Total Loans  Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 12/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.       December 31, 2015  30 

 Nonperforming Assetsas a % of Total Assets  Loan Loss Reserveas a % of Net Loans  $40.7 million in other real estate owned  Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 12/31/2015 for bank holding companies with consolidated assets of $3 billion to $10 billion.  31 

 Total Other Real Estate Owned  Sales of foreclosed properties for the year ended 12/31/15 $13.4 millionNew bookings in 2015 $18.8 millionProperties under contract to sell $3.0 million  (in millions)  32 

 (in billions)  Total Depositsincluding Repurchase Agreements  2016 goal for total deposits including repurchase agreements - $3.20 to $3.40 billion  Total Depositsincluding Repurchase Agreements  December 31, 2015  33 

 1st Quarter 2016 Review  34 

 Earnings Per Share  35 

 (in millions)  Net Income  36 

 Net interest incomeIncreased $0.4 million year over yearIncreased $0.1 million quarter over quarterProvision for loan lossesDecreased $0.1 million year over yearDecreased $0.1 million quarter over quarterNoninterest incomeIncreased $0.2 million year over yearDecreased $0.8 million quarter over quarterNoninterest expenseIncreased $0.4 million year over yearIncreased $0.5 million quarter over quarter  Net Income  37 

 (in millions)  Noninterest Income  Q-O-QDecreases in gains on sales of loans, deposit service charges, trust revenue, and loan related feesY-O-YIncrease in deposit service charges  38 

 (in millions)  Noninterest Expense  Q-O-Q$0.8 million increase in personnel expense$0.5 million decrease in net other real estate owned expenseY-O-Y$0.5 million increase in personnel expense  39 

 Loan portfolio increased at an annualized rate of 2.1% during the quarterCommercial loans decreased $0.2 millionIndirect loans increased $18.6 millionResidential loans decreased $2.8 millionConsumer direct loans decreased $0.3 millionLoan increase from prior year first quarter 5.2%  (in billions)  Total Loans  40 

 Deposits, including repurchase agreements, increased an annualized 7.6% from prior quarter and 3.4% from prior year first quarter  (in billions)  Total Depositsincluding Repurchase Agreements  41 

 Nonperforming Loansas a % of Total Loans  42 

 Nonperforming Assetsas a % of Total Assets  43 

 Net Charge-offsas a % of Average Loans (annualized)  44 

 Efficiency Ratio  45 

 Key Strategic Initiatives  46 

 Operational Priorities  Continuing focus on improving asset qualityLiquidation of other real estate ownedBuild core earnings capacityQuality loan growthLow cost deposit growthIncrease noninterest incomeWealth managementBrokerageLife insuranceMaintain net interest marginCompliance managementOperational efficiencyExpense controlNoninterest revenue growth  47 

 CTBI: 2016 Outlook  Net Income $48.0 - $49.2 millionEarnings Per Share $2.72 - $2.82 per shareROAA 1.22% - 1.28% ROAE 9.4% - 10.4% Assets $3.8 - $4.2 billionLoans $2.9 - $3.1 billionDeposits $3.2 - $3.4 billionShareholders’ Equity $485 - $520 million  48 

 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  49 

 To Our Shareholders  Your management has a Strategic Plan for the performance and operations of your company. Success will be attained by the execution of this plan, not just by management, but by approximately 1,000 employees. The continuing support by you, our shareholders, by referring your friends, neighbors, and business associates to do business with your bank, is invaluable to the execution of our plans for the performance of your Company.  50 


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