Community Trust’s (NASDAQ: CTBI) Q1 2024 report indicates positive signs of recovery, with improvements in net interest income, non-interest income, and deposit growth. Net interest income remained slightly below Q1 2023 levels, but improved from the previous quarter. Non-interest income surged, driven by loan-related fees and life insurance revenue. Notably, non-interest-bearing deposits increased, indicating a potential recovery in the cost of deposits. However, loan growth has slowed, and the impact of future monetary policy decisions remains uncertain. While management prioritizes dividend payments and the stock has outperformed recently, analysts maintain a ‘hold’ rating due to potential risks from a prolonged high-rate environment.