Change in Certifying Accountant: Community Trust Bancorp Announces Agreement with Forvis Mazars, LLP

Community Trust Bancorp, Inc. (NASDAQ: CTBI) recently disclosed, in a Form 8-K filing dated October 25, 2024, a notable change in certifying accountants. The company revealed that it had read Item 4.01 of the Form 8-K and confirmed its agreement with the statements concerning their firm. In particular, the company, Forvis Mazars, LLP, indicated its concurrence with the mentioned details and expressed no disagreement with any other statements presented by Community Trust Bancorp, Inc.

Forvis Mazars, LLP, a distinguished accounting entity based in Louisville, Kentucky, officially endorsed the document on October 25, 2024. The firm emphasized its independent status as a member of Forvis Mazars Global Limited.

This alteration in certifying accountants signifies an important development within Community Trust Bancorp, highlighting the company’s adherence to regulatory standards and commitment to ensuring transparent financial reporting practices. Such transitions often signal a strategic move aimed at bolstering trust and compliance within the organization’s financial operations.

Investors and stakeholders will likely closely monitor the implications of this change, as it underscores the importance of meticulous financial oversight and aligning with established accounting practices. Community Trust Bancorp, Inc. appears poised to navigate this transition smoothly, underpinned by the professional assurance of Forvis Mazars, LLP.

In response to this filing, the company’s stock performance and market sentiment may experience fluctuations as market participants digest the implications of this new development. As such, analysts and investors will be keen to observe future financial disclosures and external audits under the oversight of the newly engaged accounting firm.

This move manifests Community Trust Bancorp, Inc.’s ongoing dedication to upholding financial integrity and underscores the significance of robust financial governance. The trust and confidence of shareholders and the financial community at large are intricately tied to the effectiveness and transparency of the company’s accounting practices.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Community Trust Bancorp’s 8K filing here.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.