What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Community Trust Bancorp (CTBI) spend its free cash flow?

For TTM through Q1 2026, Community Trust Bancorp generated $108M of operating cash flow and $96.3M of free cash flow — a free cash flow margin of 89.2% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Community Trust Bancorp (CTBI) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Community Trust Bancorp's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Community Trust Bancorp (CTBI) Cash Flow Waterfall

Operating CF

$108M

Capex

-$11.6M

Free Cash Flow

$96.3M

FCF Margin

+89.2%

Cash flow waterfall for Community Trust Bancorp (CTBI) — TTM through Q1 2026

Free cash flow: $96.3M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Community Trust Bancorp (CTBI) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$108M	$108M
Capital Expenditure	-$11.6M	$96.3M
Free Cash Flow	$96.3M	$96.3M
Other Investing	-$417M	-$321M
Dividends Paid	-$37.1M	-$358M
Net Debt Change	$13.7M	-$344M
Other Financing & FX	$362M	$18M
Net Cash Increase	$18M	$18M

Operating Cash Flow$108M
Capital Expenditure-$11.6M
Free Cash Flow$96.3M
Other Investing-$417M
Dividends Paid-$37.1M
Net Debt Change$13.7M
Other Financing & FX$362M
Net Cash Increase$18M

Want to see what drove the FCF change?Free Cash Flow Bridge

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