Change in Certifying Accountants Form 8 K

Item 4.01 - Changes in Registrant's Certifying Accountant

(a)-Dismissal of Independent Registered Public Accounting Firm

On October 22, 2024, the Board of Directors (the "Board") of Community Trust Bancorp, Inc. (the "Company") approved a change to the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025 upon recommendation from the Audit Committee of the Board (the "Committee"), and the Company notified Forvis Mazars, LLP ("Forvis Mazars"), which is currently serving as the Company's independent auditors, of its dismissal effective immediately following Forvis Mazars's completion of its audit of the Company's consolidated financial statements as of and for the fiscal year ending December 31, 2024, and the issuance of its report thereon. Upon completion of Forvis Mazars's services, the Company will file an amendment to this Current Report on Form 8-K with the specific date of dismissal and an update to the disclosures required by Item 304(a) of Regulation S-K through that date.

During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this Current Report on Form 8-K, there were no: (1) "disagreements" (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and related instructions) with Forvis Mazars on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to their satisfaction would have caused them to make reference in connection with their opinion to the subject matter of the disagreement; or (2) "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K).

The audit reports of Forvis Mazars on the consolidated financial statements of the Company as of and for the years ended December 31, 2023 and 2022, did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. The audit reports of Forvis Mazars on the effectiveness of internal control over financial reporting as of December 31, 2023 and 2022, did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.

The Company provided Forvis Mazars with a copy of the foregoing disclosures and requested that Forvis Mazars furnish a letter addressed to the U.S. Securities and Exchange Commission (the "SEC") stating whether Forvis Mazars agrees with the above statements. A copy of the letter from Forvis Mazars is filed as Exhibit 16.1 to this Current Report on Form 8-K.

(b) Engagement of New Independent Registered Public Accounting Firm

On October 22, 2024, upon the approval of the Committee, the Company notified BDO, LLP ("BDO") of its formal decision to engage BDO as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025, effective beginning with the review of the Company's condensed consolidated financial statements for the quarter ending March 31, 2025, and subject to completion of BDO's customary client acceptance procedures.

During the Company's fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this Current Report on Form 8-K, neither the Company nor anyone acting on its behalf consulted BDO with respect to either: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and no written report was provided to the Company or oral advice was provided that BDO concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a "disagreement" (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) or a "reportable event" (as described in Item 304(a)(1)(v) of Regulation S-K).]