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Stock Yards Bancorp Reports Record First Quarter Earnings of $33.3 Million or $1.13 Per Diluted Share

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Stock Yards Bancorp (NASDAQ: SYBT) reported record first quarter earnings of $33.3 million, or $1.13 per diluted share, for Q1 2025, compared to $25.9 million ($0.88/share) in Q1 2024.

Key highlights include:

  • Total loans increased $797 million (14%) over 12 months, with $126 million growth in Q1
  • Net interest income rose 17% to $70.6 million
  • Net interest margin expanded to 3.46%
  • Deposits grew $685 million (10%) year-over-year
  • Assets under management contracted $692 million (9%)

The company maintained strong credit quality metrics and improved efficiency ratio to 54.50%. Total assets reached $9.00 billion, with $6.65 billion in loans and $7.29 billion in deposits. The company expects growth to moderate due to marketplace uncertainty regarding possible tariffs and global economic conditions.

Stock Yards Bancorp (NASDAQ: SYBT) ha riportato utili record nel primo trimestre pari a 33,3 milioni di dollari, ovvero 1,13 dollari per azione diluita, per il Q1 2025, rispetto a 25,9 milioni di dollari (0,88 dollari per azione) nel Q1 2024.

Punti salienti:

  • I prestiti totali sono aumentati di 797 milioni di dollari (14%) in 12 mesi, con una crescita di 126 milioni nel Q1
  • Il reddito netto da interessi è cresciuto del 17%, raggiungendo 70,6 milioni di dollari
  • Il margine di interesse netto si è ampliato al 3,46%
  • I depositi sono aumentati di 685 milioni di dollari (10%) su base annua
  • Gli asset under management sono diminuiti di 692 milioni di dollari (9%)

L’azienda ha mantenuto solidi indicatori di qualità del credito e migliorato il rapporto di efficienza al 54,50%. Gli asset totali hanno raggiunto i 9,00 miliardi di dollari, con 6,65 miliardi in prestiti e 7,29 miliardi in depositi. La società prevede una crescita più moderata a causa delle incertezze del mercato legate a possibili tariffe e condizioni economiche globali.

Stock Yards Bancorp (NASDAQ: SYBT) reportó ganancias récord en el primer trimestre de 33,3 millones de dólares, o 1,13 dólares por acción diluida, para el Q1 2025, en comparación con 25,9 millones de dólares (0,88 dólares por acción) en el Q1 2024.

Puntos clave:

  • Los préstamos totales aumentaron 797 millones de dólares (14%) en 12 meses, con un crecimiento de 126 millones en el Q1
  • Los ingresos netos por intereses subieron un 17% hasta 70,6 millones de dólares
  • El margen neto de interés se expandió al 3,46%
  • Los depósitos crecieron 685 millones de dólares (10%) interanual
  • Los activos bajo administración se redujeron en 692 millones de dólares (9%)

La compañía mantuvo sólidos indicadores de calidad crediticia y mejoró la ratio de eficiencia al 54,50%. Los activos totales alcanzaron los 9.000 millones de dólares, con 6.650 millones en préstamos y 7.290 millones en depósitos. La empresa espera que el crecimiento se modere debido a la incertidumbre del mercado relacionada con posibles aranceles y condiciones económicas globales.

Stock Yards Bancorp (NASDAQ: SYBT)는 2025년 1분기에 3,330만 달러의 기록적인 분기 순이익을 보고했으며, 희석 주당순이익은 1.13달러로 2024년 1분기의 2,590만 달러(주당 0.88달러)와 비교해 증가했습니다.

주요 내용:

  • 총 대출금이 12개월 동안 7억 9,700만 달러(14%) 증가했으며, 1분기에 1억 2,600만 달러 성장
  • 순이자수익이 17% 증가하여 7,060만 달러 달성
  • 순이자마진이 3.46%로 확대
  • 예금이 전년 대비 6억 8,500만 달러(10%) 증가
  • 운용자산은 6억 9,200만 달러(9%) 감소

회사는 견고한 신용 품질 지표를 유지하고 효율성 비율을 54.50%로 개선했습니다. 총 자산은 90억 달러에 달했으며, 대출금은 66억 5,000만 달러, 예금은 72억 9,000만 달러입니다. 회사는 잠재적 관세와 글로벌 경제 상황에 따른 시장 불확실성으로 인해 성장이 완만해질 것으로 예상합니다.

Stock Yards Bancorp (NASDAQ : SYBT) a annoncé des bénéfices records au premier trimestre de 33,3 millions de dollars, soit 1,13 dollar par action diluée, pour le T1 2025, contre 25,9 millions de dollars (0,88 dollar/action) au T1 2024.

Points clés :

  • Les prêts totaux ont augmenté de 797 millions de dollars (14 %) sur 12 mois, avec une croissance de 126 millions au T1
  • Le revenu net d’intérêts a progressé de 17 % pour atteindre 70,6 millions de dollars
  • La marge nette d’intérêt s’est élargie à 3,46 %
  • Les dépôts ont augmenté de 685 millions de dollars (10 %) en glissement annuel
  • Les actifs sous gestion ont diminué de 692 millions de dollars (9 %)

L’entreprise a maintenu de solides indicateurs de qualité de crédit et amélioré son ratio d’efficacité à 54,50 %. Le total des actifs a atteint 9,00 milliards de dollars, avec 6,65 milliards en prêts et 7,29 milliards en dépôts. La société prévoit une croissance plus modérée en raison des incertitudes du marché liées aux possibles tarifs douaniers et aux conditions économiques mondiales.

Stock Yards Bancorp (NASDAQ: SYBT) meldete Rekordgewinne im ersten Quartal von 33,3 Millionen US-Dollar bzw. 1,13 US-Dollar pro verwässerter Aktie für Q1 2025, verglichen mit 25,9 Millionen US-Dollar (0,88 US-Dollar/Aktie) im Q1 2024.

Wichtige Highlights:

  • Die Gesamtkredite stiegen innerhalb von 12 Monaten um 797 Millionen US-Dollar (14 %), mit einem Wachstum von 126 Millionen im Q1
  • Der Nettozinsertrag stieg um 17 % auf 70,6 Millionen US-Dollar
  • Die Nettozinsmarge erweiterte sich auf 3,46 %
  • Die Einlagen wuchsen im Jahresvergleich um 685 Millionen US-Dollar (10 %)
  • Die verwalteten Vermögenswerte schrumpften um 692 Millionen US-Dollar (9 %)

Das Unternehmen hielt starke Kreditqualitätskennzahlen aufrecht und verbesserte die Effizienzquote auf 54,50 %. Die Gesamtaktiva erreichten 9,00 Milliarden US-Dollar, mit 6,65 Milliarden in Krediten und 7,29 Milliarden in Einlagen. Das Unternehmen erwartet aufgrund der Unsicherheiten auf dem Markt hinsichtlich möglicher Zölle und der globalen Wirtschaftslage ein moderateres Wachstum.

Positive
  • Record Q1 earnings of $33.3 million, up 28.5% year-over-year
  • Strong loan growth of 14% ($797 million) over 12 months
  • Net interest income increased 17% to $70.6 million
  • Deposit base expanded 10% ($685 million) year-over-year
  • Improved efficiency ratio to 54.50% from 58.68% year-over-year
  • Well-capitalized status maintained with improved capital ratios
Negative
  • Assets under management declined 9% ($692 million) year-over-year
  • Card income decreased 4% due to lower transaction volumes
  • Management expects growth moderation due to market uncertainty
  • Non-interest expenses increased 4% to $51.0 million
  • Average non-interest bearing demand accounts declined 5% ($75 million)

Insights

SYBT delivers outstanding Q1 with 29% earnings growth, 14% loan expansion, and improved profitability metrics, demonstrating exceptional execution despite deposit competition.

Stock Yards Bancorp's Q1 2025 performance represents an exceptional start to the year, with record earnings of $33.3 million ($1.13 per diluted share) marking a substantial 28.6% increase from $25.9 million ($0.88 per diluted share) in Q1 2024. The bank's strategic expansion continues to yield impressive results across all key performance metrics.

The standout achievement this quarter is the robust loan growth of $797 million, representing a 14% year-over-year increase. This exceptional growth occurred across nearly all loan categories and markets, with commercial real estate leading the way at $334 million in expansion. Most impressively, the growth was accompanied by yield enhancement, with the average loan yield increasing 18 basis points to 6.13%, demonstrating pricing discipline in a competitive market.

Net interest income surged 17% to $70.6 million, with net interest margin expanding 26 basis points to 3.46%. While this improvement partially benefited from a one-time $628,000 interest collection on a previously charged-off loan (contributing 4 basis points to loan yields), the underlying margin trend remains positive despite Federal Reserve rate cuts in late 2024.

Deposit growth of 10% year-over-year is commendable in today's competitive funding environment, though the mix continues to shift toward higher-cost time deposits. Despite this pressure, the bank actually reduced its cost of interest-bearing deposits slightly from 2.53% to 2.51%, showcasing effective deposit pricing strategies.

Credit quality metrics remain outstanding, with non-performing loans holding steady at just 0.24% of total loans. The bank recorded $971,000 in net recoveries during the quarter, an unusual positive indicator that further validates its conservative credit culture.

Operational efficiency improved dramatically, with the efficiency ratio declining to 54.50% from 58.68% a year ago. This 4.18% improvement occurred despite a 4% increase in non-interest expenses, highlighting the significant operating leverage in the bank's model. This efficiency gain translated directly to the bottom line, with return on average assets climbing to 1.52% (from 1.28%) and return on average equity reaching 14.14% (from 12.09%).

Capital ratios strengthened further, with the tangible common equity ratio improving to 8.72% from 8.36% a year ago, maintaining the bank's "well-capitalized" status while supporting continued growth.

While management expressed some caution regarding potential economic headwinds from tariffs and global economic conditions that could moderate future growth, the bank's geographic diversification across Kentucky, Indiana, and Ohio provides some insulation from localized economic challenges. External validation came in the form of recognition by S&P Global Market Intelligence as one of the Top 50 Best Performing Community Banks and inclusion in the Stephens Art Collector 2025 List of companies well-positioned for long-term shareholder returns.

Highlighted By Strong Loan Growth

LOUISVILLE, Ky., April 23, 2025 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today reported record earnings of $33.3 million, or $1.13 per diluted share, for the first quarter ended March 31, 2025. This compares to net income of $25.9 million, or $0.88 per diluted share, for the first quarter of 2024. Continued strong loan growth contributed to solid first quarter 2025 operating results.

    
(dollar amounts in thousands, except per share data) 1Q25   4Q24   1Q24 
Net income$33,271  $31,694  $25,887 
Net income per share, diluted 1.13   1.07   0.88 
    
Net interest income$70,552  $69,969  $60,070 
Provision for credit losses(1) 900   2,675   1,425 
Non-interest income 22,996   23,507   23,271 
Non-interest expenses 51,027   51,657   48,961 
    
Net interest margin 3.46%  3.44%  3.20%
Efficiency ratio(2) 54.50%  55.21%  58.68%
Tangible common equity to tangible assets(3) 8.72%  8.44%  8.36%
Annualized return on average assets(4) 1.52%  1.45%  1.28%
Annualized return on average equity(4) 14.14%  13.45%  12.09%
    


“We started off the year strong, delivering record first quarter earnings highlighted by strong loan growth,” commented James A. (Ja) Hillebrand, Chairman and Chief Executive Officer. “In addition to record earnings, the highlight of the quarter was total loans increasing a record $797 million, or 14%, over the last 12 months, with $126 million of growth generated during the first quarter. We experienced growth within nearly every loan category and across all markets, representing our best first quarter of net loan growth when adjusted for acquisition-related activity and our second best first quarter of loan production. Additionally, credit quality metrics remain strong and improved from the prior quarter end. While we have a lot of positive momentum to be excited about, the uncertainty in the marketplace with respect to possible tariffs and the global economy could have an impact on our business customers, and we anticipate growth to moderate.”

“Non-interest revenue contributed to our solid operating results for the first quarter of 2025,” Hillebrand continued. “We are encouraged by the 3% increase in WM&T income compared to the linked quarter, as recent key hires are contributing to production and were able to overcome a significant equity market decline. We are excited about the opportunities our WM&T group has going forward as recent hires continue to establish themselves. Treasury management fees continued to benefit from our growing customer base. In addition, mortgage, brokerage and card income all posted meaningful contributions.”

“We continue to expand our deposit base, which grew $685 million, or 10% over the past 12 months, led mainly by a successful time deposit campaign during the first quarter. Organic growth remains our primary focus while improving our overall funding position. First quarter net interest margin expanded 26 basis points compared to the prior year quarter and two basis points on the linked quarter, boosted by strong loan growth, higher interest earning asset yields in part due to a payoff of a significant non-accrual relationship, and a reduction in our cost of funds,” said Hillebrand.

As of March 31, 2025, the Company had $9.00 billion in assets, $6.65 billion in loans and $7.29 billion in total deposits. The Company’s combined enterprise, which encompasses 73 branch offices across three contiguous states, will continue to benefit from a diversified geographic and economic footprint, including the new Center Grove location that was opened in the Indianapolis MSA at the very end of March.

Key factors contributing to the first quarter of 2025 results included:

  • Total loans increased $797 million, or 14%, over the last 12 months, while growing $126 million, or 2%, on the linked quarter. Broad based loan growth during the quarter included increases in all markets for the fourth consecutive quarter. Nearly all loan categories expanded over the last 12 months. Commercial real estate loan growth of $334 million led all categories, benefiting from strong construction-to-permanent financing conversion over the past 12 months. The yield earned on total loans totaled 6.13% for the first quarter of 2025, with yield expansion and increased production driving an 18-basis point increase compared to the same period in 2024.
  • Deposit balances expanded $685 million, or 10%, over the last 12 months, with the deposit mix continuing to shift from non-interest bearing and low interest-bearing deposits into higher cost deposits. Non-interest-bearing demand accounts increased $18.2 million, or 1%, while interest-bearing deposits grew $667 million, or 13%, led in large part by time deposit growth. On the linked quarter, total deposits expanded $128 million, or 2%. Non-interest-bearing demand accounts increased $43 million, or 3%, while total interest-bearing deposit accounts increased $84.3 million, or 1%, led by time deposit growth.
  • Net interest income increased $10.5 million, or 17%, for the first quarter of 2025 compared to the first quarter a year ago. Net interest margin expanded 26 basis points to 3.46% for the first quarter of 2025 compared to the first quarter a year ago, boosted by the overall growth in interest earning assets and a decline in the cost of funds, marking the second consecutive quarter funding costs have decreased. On the linked quarter, net interest income increased $583,000, or 1%, while net interest margin expanded two basis points. However, adjusted for the impact of the previously mentioned benefit from non-accrual payoff activity, net interest margin was down 1 bp compared to the linked quarter, as the funding mix weighed on net interest income.
  • Provision for credit loss expense(1) of $900,000 was recorded for the first quarter of 2025, primarily attributed to strong loan growth and increased specific reserves, which were partially offset by net recoveries and annual CECL model methodology updates. Traditional credit quality statistics remained strong at quarter-end.
  • Non-interest income declined $275,000, or 1%, over the first quarter of 2024. Wealth Management & Trust (WM&T) income decreased $124,000, or 1%, to $10.6 million, as otherwise solid performance was muted by significant equity market declines. Treasury management fees grew $48,000, or 2%, over the last 12 months to $2.7 million. Card income decreased $174,000, or 4% over the first quarter of 2024, as a result of lower transaction volume.
  • Total non-interest expenses increased $2.1 million, or 4%, during the first quarter of 2025 compared to the first quarter of 2024, and decreased $630,000, or 1%, on the linked quarter.
  • Tangible common equity per share(3) was $26.01 on March 31, 2025, compared to $24.82 on December 31, 2024, and $22.50 on March 31, 2024.

Hillebrand concluded, “In April 2025, we were named to the Stephens Art Collector 2025 List. This report from Stephens looks at companies that are well-positioned over the next five-plus years to generate strong returns for shareholders over the long-term, and Stock Yards was one of only five banks named to the list. In addition, in March 2025, S&P Global Market Intelligence once again recognized Stock Yards as one of the Top 50 Best Performing Community Banks with total assets between $3 and $10 billion at the end of 2024. The rankings assess the performance of banking institutions based on returns, growth and funding, while placing a premium on balance sheet strength and risk profile. This recognition reflects the dedication and commitment of our employees and our high-level of service to the communities we operate in.”

Results of Operations – First Quarter 2025, Compared with First Quarter 2024

Net interest income, the Company’s largest source of revenue, increased by $10.5 million, or 17%, to $70.6 million. Strong organic loan growth and correlating interest income expansion contributed to significant net interest income expansion.

  • Total interest income increased by $14.6 million, or 15%, to $111.2 million.
    • Interest income and fees on loans increased $13.8 million, or 16%, over the prior year quarter. Consistent with the $788 million, or 14%, increase in average loans and interest rate expansion, the average quarterly yield earned on loans increased 18 basis points over the past 12 months to 6.13%. Approximately $628,000 in additional interest was collected in the first quarter of 2025 primarily related to a large loan recovery that was placed on non-accrual and partially charged off in late 2023, which provided approximately 4 bps of benefit to loan yields for the first quarter of 2025, largely offsetting the impact of the rate reductions enacted by the Federal Reserve in the latter part of 2024.
    • Interest income on securities increased $846,000, or 10%, compared to the first quarter of 2024. While average securities balances declined $122 million, or 8%, over the past 12 months, the rate earned on securities improved 44 basis points to 2.51%, as a result of lower-yielding investment maturities. Over the past 12 months, cash flows from investment portfolio maturities and amortization have been utilized to fund loan growth and provide liquidity in lieu of redeployment into the portfolio.
    • Average overnight funds increased $26 million for the first quarter of 2025 compared to the year ago quarter. However, corresponding interest income decreased $95,000, or 5%, over the prior year quarter due to the previously mentioned rate reductions enacted by the Federal Reserve.
  • Total interest expense increased $4.1 million, or 11%, to $40.6 million, but the cost of interest-bearing liabilities decreased two basis points to 2.63%.
    • Interest expense on deposits increased $2.7 million, or 9% over the past 12 months, attributed entirely to the time deposit category and consistent with the successful CD promotion run during the first quarter of 2025. However, the overall cost of interest-bearing deposits decreased to 2.51% in the first quarter of 2025 from 2.53% in the first quarter of 2024, due largely to the previously mentioned rate reductions enacted by the Federal Reserve.
    • The Bank relied more on overnight and long-term fixed FHLB advances during the first quarter of 2025. Average FHLB advance balances grew $192 million, or 70%, resulting in additional FHLB expense of $1.7 million compared to the first quarter of 2024, with the cost of funds declining 27 basis points to 4.12% over the same period.

The Company recorded provision for credit losses on loans expense(1) of $900,000 for the first quarter of 2025, consistent with strong loan growth and increased specific reserves, which were partially offset by $971,000 in net recoveries and annual CECL model methodology updates. No provision for credit losses on off balance sheet exposures was recorded for the first quarter of 2025 due to relatively flat utilization trends. For the first quarter of 2024, the Company recorded $1.2 million in provision for credit losses on loans and $250,000 in provision for credit losses on off balance sheet exposures associated with Construction & Land Development and Commercial & Industrial (C&I) lines of credit expansion.

Non-interest income decreased $275,000, or 1%, to $23.0 million compared to the first quarter of 2024.

  • WM&T income ended the first quarter of 2025 at $10.6 million, decreasing $124,000, or 1%, over the first quarter of 2024, as positive business activity was offset by significant equity market declines. Assets under management contracted $692 million, or 9%, compared to the first quarter of 2024.
  • Compared to the first quarter of 2024, treasury management fees increased $48,000, or 2%, to $2.7 million. Consistent treasury management growth has been driven by strong organic growth, modified fee schedules and new product sales.
  • Card income declined $174,000, or 4% as a result of lower transaction volumes.
  • Brokerage income grew $145,000, or 17%, ending at a record $1.0 million, attributed to the addition of a new broker and the benefit of portfolios shifting to more wrap fee-based business.

Non-interest expenses increased by $2.1 million, or 4%, compared to the first quarter of 2024, to $51.0 million.

  • Compensation expense increased $1.7 million, or 7%, compared to the first quarter of 2024, consistent with merit-based increases and full-time equivalent employee expansion. Employee benefits decreased $91,000, or 2%, compared to the first quarter of 2024, as lower health insurance expense more than offset increases in 401(k) matching expense and payroll tax expenses.
  • Net occupancy and equipment expenses increased $453,000, or 12%, over the first quarter of 2024, as the current period included expenses related to increased snow removal associated with severe weather events, rent, and depreciation expense.
  • Marketing and business development expense increased $440,000, or 41%, compared to the first quarter of 2024. The quarter over prior year quarter increase relates to elevated advertising expense tied primarily to time deposit product promotions.
  • Other non-interest expenses declined $157,000, or 6%, compared to the first quarter of 2024, primarily due to significant declines in check and card losses in addition to the benefit of modifications made to the corporate credit card rewards program.

Financial Condition – March 31, 2025, Compared with March 31, 2024

Total assets increased $874 million, or 11%, year over year to $9.00 billion.

Total loans increased $797 million, or 14%, to $6.65 billion, with growth spread across nearly all categories and markets. Total line of credit usage ended at 46% as of March 31, 2025, compared to 39% as of March 31, 2024. C&I line of credit usage expanded to 34% as of period end, representing the highest level of utilization since 2020, however still well below pre-pandemic levels.

Total investment securities decreased $132 million, or 10%, year over year. Over the past 12 months, cash flows from the investment portfolio have been utilized to fund loan growth and provide liquidity in lieu of redeployment.

Total deposits increased $685 million, or 10%, over the past 12 months, with the deposit mix continuing to shift from non-interest bearing and low interest-bearing deposits into higher cost deposits. Non-interest-bearing demand accounts increased $18 million, or 1%, however, average non-interest bearing demand accounts declined $75 million, or 5%. Total interest-bearing deposits grew $667 million, or 13%, led primarily by time deposit growth, and average total interest-bearing deposit accounts increased $536 million, or 11% over the past 12 months.

Non-performing loans totaled $16 million, or 0.24% of total loans outstanding on March 31, 2025, compared to $14 million, or 0.24% of total loans outstanding on March 31, 2024. The ratio of allowance for credit losses to loans ended at 1.34% on March 31, 2025, compared to 1.38% on March 31, 2024.

As of March 31, 2025, the Company continued to be “well-capitalized,” the highest regulatory capital rating for financial institutions, with all capital ratios experiencing meaningful growth. Total equity to assets(3) was 10.84% and the tangible common equity ratio(3) was 8.72% on March 31, 2025, compared to 10.77% and 8.36% on March 31, 2024, respectively.

In February 2025, the board of directors declared a quarterly cash dividend of $0.31 per common share. The dividend was paid April 1, 2025, to shareholders of record as of March 17, 2025.

No shares have been purchased since 2020, and approximately 741,000 shares remain eligible for repurchase under the current buy-back plan, which expires in May 2025.

Results of Operations – First Quarter 2025, Compared with Fourth Quarter 2024

Net interest margin expanded two basis points on the linked quarter to 3.46%, boosted by strong loan growth, higher interest earning asset yields and a decline in cost of funds.

Net interest income increased $583,000, or 1%, over the prior quarter to $70.6 million. Net interest income and net interest margin benefitted from $628,000 in additional interest collected primarily related to one large loan that was placed on non-accrual and partially charged off in late 2023.

  • Total interest income increased $858,000, or 1%.
    • Interest income on loans, including fees, increased $1.8 million, or 2%. Average loans increased $216 million, or 3%, and the corresponding yield earned expanded three basis points to 6.13%. Excluding the impact of the non-accrual payoff noted above, total loan yields would have experienced a slight contraction during the first quarter of 2025, due in part to the impact of the Federal Reserve Board’s 25 basis point interest rate cut enacted in December 2024.
  • Total interest expense increased $275,000, or 1%.
    • Interest expense on deposits, which decreased $1.5 million, or 4%, was more than offset by the increase in utilization of FHLB borrowings. However, maturities within the investment portfolio and the success of current CD promotions helped to eliminate the need for overnight borrowings by period end.

During the first quarter of 2025, the Company recorded $900,000 in provision for credit losses(1). During the fourth quarter of 2024, the Company recorded $2.2 million in provision for credit losses on loans and $450,000 of provision for credit losses on off-balance sheet exposures.

Non-interest income decreased $511,000, or 2%, on the linked quarter, to $23.0 million. WM&T income increased $301,000, or 3%, as tax fees and estate fees collected were able to overcome a significant equity market decline.

Non-interest expenses decreased $630,000, or 1% on the linked quarter to $51.0 million, due to decreases in compensation expense and marketing and business development expenses.

Financial Condition – March 31, 2025, Compared with December 31, 2024

Total assets increased $134 million, or 2%, on the linked quarter to $9.00 billion.

Total loans expanded $126 million, or 2%, on the linked quarter, led by increases in nearly every loan category. The Construction and Land Development segment led the growth, increasing $56 million, or 9%, on the linked quarter. Total line of credit usage was unchanged at 46% as of March 31, 2025, and at December 31, 2024. C&I line of credit usage totaled 34% as of March 31, 2025, unchanged from December 31, 2024.

Total deposits increased $128 million, or 2%, on the linked quarter. Non-interest-bearing demand accounts increased $43 million, or 3%, while total interest-bearing deposit accounts increased $84 million, or 1%.

About the Company

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $9.00 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The Nasdaq Stock Market under the symbol “SYBT.”

This report contains forward-looking statements under the Private Securities Litigation Reform Act that involve risks and uncertainties. Although the Company’s management believes the assumptions underlying the forward-looking statements contained herein are reasonable, any of these assumptions could be inaccurate. Therefore, there can be no assurance the forward-looking statements included herein will prove to be accurate. Factors that could cause actual results to differ from those discussed in forward-looking statements include, but are not limited to: economic conditions both generally and more specifically in the markets in which the Company and its banking subsidiary operates; competition for the Company’s customers from other providers of financial services; changes in, or forecasts of, future political and economic conditions, inflation and efforts to control it; government legislation and regulation, which change and over which the Company has no control; changes in interest rates; material unforeseen changes in liquidity, results of operations, or financial condition of the Company’s customers; and other risks detailed in the Company’s filings with the Securities and Exchange Commission, all of which are difficult to predict and many of which are beyond the control of the Company. Refer to Stock Yards’ Annual Report on Form 10-K for the year ended December 31, 2024, as well as its other filings with the SEC for a more detailed discussion of risks, uncertainties and factors that could cause actual results to differ from those discussed in the forward-looking statements.

Contact:  T. Clay Stinnett
 Executive Vice President,
 Treasurer and Chief Financial Officer
 (502) 625-0890


            
Stock Yards Bancorp, Inc. Financial Information (unaudited)           
First Quarter 2025 Earnings Release           
(In thousands unless otherwise noted)           
  Three Months Ended     
  March 31,     
Income Statement Data 2025 2024       
            
Net interest income, fully tax equivalent (5) $ 70,636 $ 60,167       
Interest income:           
Loans $ 99,600 $ 85,840       
Federal funds sold and interest bearing due from banks 2,001 2,096       
Mortgage loans held for sale 77 31       
Federal Home Loan Bank stock 532 468       
Investment securities 8,956 8,110       
Total interest income 111,166 96,545       
Interest expense:           
Deposits 34,581 31,866       
Securities sold under agreements to repurchase 814 931       
Federal funds purchased 70 136       
Federal Home Loan Bank advances 4,741 2,997       
Subordinated debentures 408 545       
Total interest expense 40,614 36,475       
Net interest income 70,552 60,070       
Provision for credit losses (1) 900 1,425       
Net interest income after provision for credit losses 69,652 58,645       
Non-interest income:           
Wealth management and trust services 10,647 10,771       
Deposit service charges 2,079 2,136       
Debit and credit card income 4,508 4,682       
Treasury management fees 2,673 2,625       
Mortgage banking income 917 948       
Net investment product sales commissions and fees 1,010 865       
Bank owned life insurance 622 588       
Other 540 656       
Total non-interest income 22,996 23,271       
Non-interest expenses:           
Compensation 25,932 24,221       
Employee benefits 5,785 5,876       
Net occupancy and equipment 4,123 3,670       
Technology and communication 4,828 5,069       
Debit and credit card processing 1,819 1,746       
Marketing and business development 1,515 1,075       
Postage, printing and supplies 969 926       
Legal and professional 907 1,115       
FDIC insurance 1,223 1,112       
Capital and deposit based taxes 700 630       
Intangible amortization 914 1,052       
Other 2,312 2,469       
Total non-interest expenses 51,027 48,961       
Income before income tax expense 41,621 32,955       
Income tax expense 8,350 7,068       
Net income $ 33,271 $ 25,887       
            
Net income per share - Basic $ 1.13 $ 0.89       
Net income per share - Diluted 1.13 0.88       
Cash dividend declared per share 0.31 0.30       
            
Weighted average shares - Basic 29,349 29,250       
Weighted average shares - Diluted 29,501 29,361       
            
  March 31,     
Balance Sheet Data  2025 2024       
            
Investment securities $ 1,246,690 $ 1,379,212       
Loans 6,646,360 5,849,715       
Allowance for credit losses on loans 88,814 80,897       
Total assets 8,997,478 8,123,128       
Non-interest bearing deposits 1,499,383 1,481,217       
Interest bearing deposits 5,794,583 5,127,863       
Federal Home Loan Bank advances 300,000 200,000       
Accumulated other comprehensive loss (79,840) (95,054)       
Stockholders' equity 975,473 874,711       
            
Total shares outstanding 29,469 29,393       
Book value per share (3) $ 33.10 $ 29.76       
Tangible common equity per share (3) 26.01 22.50       
Market value per share 69.06 48.91       
            
Stock Yards Bancorp, Inc. Financial Information (unaudited)           
First Quarter 2025 Earnings Release           
            
  Three Months Ended     
  March 31,     
Average Balance Sheet Data 2025 2024       
            
Federal funds sold and interest bearing due from banks $ 180,439 $ 153,990       
Mortgage loans held for sale 5,732 4,629       
Investment securities 1,455,926 1,578,401       
Federal Home Loan Bank stock 30,838 21,121       
Loans 6,597,388 5,808,924       
Total interest earning assets 8,270,323 7,567,065       
Total assets 8,893,907 8,153,364       
Non-interest bearing deposits 1,426,088 1,500,602       
Interest bearing deposits 5,594,740 5,058,743       
Total deposits 7,020,828 6,559,345       
Securities sold under agreements to repurchase 158,985 164,979       
Federal funds purchased 6,514 10,161       
Federal Home Loan Bank advances 466,667 274,451       
Subordinated debentures 26,806 26,794       
Total interest bearing liabilities 6,253,712 5,535,128       
Accumulated other comprehensive loss (86,622) (106,763)       
Total stockholders' equity 954,040 861,029       
            
Performance Ratios           
Annualized return on average assets (4) 1.52% 1.28%       
Annualized return on average equity (4) 14.14% 12.09%       
Net interest margin, fully tax equivalent 3.46% 3.20%       
Non-interest income to total revenue, fully tax equivalent 24.56% 27.89%       
Efficiency ratio, fully tax equivalent (2) 54.50% 58.68%       
            
Capital Ratios           
Total stockholders' equity to total assets (3) 10.84% 10.77%       
Tangible common equity to tangible assets (3) 8.72% 8.36%       
Average stockholders' equity to average assets 10.73% 10.56%       
Total risk-based capital 12.85% 12.69%       
Common equity tier 1 risk-based capital 11.25% 11.11%       
Tier 1 risk-based capital 11.60% 11.49%       
Leverage 9.98% 9.82%       
            
Loan Segmentation           
Commercial real estate - non-owner occupied $ 1,870,352 $ 1,609,483       
Commercial real estate - owner occupied 1,004,774 931,973       
Commercial and industrial 1,463,746 1,293,696       
Residential real estate - owner occupied 813,823 723,234       
Residential real estate - non-owner occupied 381,429 360,958       
Construction and land development 679,345 532,183       
Home equity lines of credit 252,125 212,443       
Consumer 140,009 145,022       
Leases 14,460 16,619       
Credit cards 26,297 24,104       
Total loans and leases $ 6,646,360 $ 5,849,715       
            
Deposit Segmentation           
Interest bearing demand $ 2,545,858 $ 2,414,118       
Savings 429,171 436,501       
Money market 1,343,031 1,241,822       
Time deposits 1,476,523 1,035,422       
Non-Interest bearing deposits 1,499,383 1,481,217       
Total deposits $ 7,293,966 $ 6,609,080       
            
Asset Quality Data           
Non-accrual loans $ 15,865 $ 13,984       
Modifications to borrowers experiencing financial difficulty - -       
Loans past due 90 days or more and still accruing 283 106       
Total non-performing loans 16,148 14,090       
Other real estate owned 85 10       
Total non-performing assets $ 16,233 $ 14,100       
Non-performing loans to total loans 0.24% 0.24%       
Non-performing assets to total assets 0.18% 0.17%       
Allowance for credit losses on loans to total loans 1.34% 1.38%       
Allowance for credit losses on loans to average loans 1.35% 1.39%       
Allowance for credit losses on loans to non-performing loans 550% 574%       
Net (charge-offs) recoveries $ 971 $ 348       
Net (charge-offs) recoveries to average loans (6) 0.01% 0.01%       
            
Stock Yards Bancorp, Inc. Financial Information (unaudited)           
First Quarter 2025 Earnings Release           
            
  Quarterly Comparison 
Income Statement Data 3-31-25 12-31-24 9-30-24 6-30-24 3-31-24 
            
Net interest income, fully tax equivalent (5) $ 70,636 $ 70,057 $ 65,064 $ 62,113 $ 60,167 
Net interest income $ 70,552 $ 69,969 $ 64,979 $ 62,022 $ 60,070 
Provision for credit losses (1) 900 2,675 4,325 1,300 1,425 
Net interest income after provision for credit losses 69,652 67,294 60,654 60,722 58,645 
Non-interest income:           
Wealth management and trust services 10,647 10,346 10,931 10,795 10,771 
Deposit service charges 2,079 2,276 2,314 2,180 2,136 
Debit and credit card income 4,508 5,394 5,083 4,923 4,682 
Treasury management fees 2,673 2,675 2,939 2,825 2,625 
Mortgage banking income 917 781 1,112 1,017 948 
Net investment product sales commissions and fees 1,010 991 915 800 865 
Bank owned life insurance 622 626 634 595 588 
Gain (loss) on sale of premises and equipment - (61) (59) 20 - 
Other 540 479 928 500 656 
Total non-interest income 22,996 23,507 24,797 23,655 23,271 
Non-interest expenses:           
Compensation 25,932 26,453 25,534 24,634 24,221 
Employee benefits 5,785 4,677 4,629 5,086 5,876 
Net occupancy and equipment 4,123 3,929 3,775 3,819 3,670 
Technology and communication 4,828 4,744 4,500 4,894 5,069 
Debit and credit card processing 1,819 1,860 1,845 1,811 1,746 
Marketing and business development 1,515 2,815 1,438 1,596 1,075 
Postage, printing and supplies 969 905 901 913 926 
Legal and professional 907 843 968 1,185 1,115 
FDIC insurance 1,223 1,171 1,095 1,161 1,112 
Capital and deposit based taxes 700 653 825 673 630 
Intangible amortization 914 1,330 1,052 1,051 1,052 
Other 2,312 2,277 1,890 2,286 2,469 
Total non-interest expenses 51,027 51,657 48,452 49,109 48,961 
Income before income tax expense 41,621 39,144 36,999 35,268 32,955 
Income tax expense 8,350 7,450 7,639 7,670 7,068 
Net income $ 33,271 $ 31,694 $ 29,360 $ 27,598 $ 25,887 
            
            
Net income per share - Basic $ 1.13 $ 1.08 $ 1.00 $ 0.94 $ 0.89 
Net income per share - Diluted 1.13 1.07 1.00 0.94 0.88 
Cash dividend declared per share 0.31 0.31 0.31 0.30 0.30 
            
Weighted average shares - Basic 29,349 29,319 29,299 29,283 29,250 
Weighted average shares - Diluted 29,501 29,493 29,445 29,383 29,361 
            
  Quarterly Comparison 
Balance Sheet Data 3-31-25 12-31-24 9-30-24 6-30-24 3-31-24 
            
Cash and due from banks $ 110,156 $ 78,925 $ 108,825 $ 85,441 $ 71,676 
Federal funds sold and interest bearing due from banks 293,580 212,095 144,241 118,910 88,547 
Mortgage loans held for sale 7,797 6,286 4,822 6,438 6,462 
Investment securities 1,246,690 1,360,285 1,236,744 1,342,354 1,379,212 
Federal Home Loan Bank stock 29,315 21,603 29,419 31,462 24,675 
Loans 6,646,360 6,520,402 6,278,133 6,070,963 5,849,715 
Allowance for credit losses on loans 88,814 86,943 85,343 82,155 80,897 
Goodwill 194,074 194,074 194,074 194,074 194,074 
Total assets 8,997,478 8,863,419 8,437,280 8,315,325 8,123,128 
Non-interest bearing deposits 1,499,383 1,456,138 1,508,203 1,482,514 1,481,217 
Interest bearing deposits 5,794,583 5,710,263 5,217,870 5,086,724 5,127,863 
Securities sold under agreements to repurchase 151,424 162,967 149,852 152,948 162,528 
Federal funds purchased 6,540 6,525 6,442 10,029 9,961 
Federal Home Loan Bank advances 300,000 300,000 325,000 400,000 200,000 
Subordinated debentures 26,806 26,806 26,806 26,806 26,806 
Accumulated other comprehensive income loss (79,840) (91,151) (75,273) (94,980) (95,054) 
Stockholders' equity 975,473 940,476 934,094 894,535 874,711 
            
Total shares outstanding 29,469 29,431 29,414 29,388 29,393 
Book value per share (3) $ 33.10 $ 31.96 $ 31.76 $ 30.44 $ 29.76 
Tangible common equity per share (3) 26.01 24.82 24.58 23.22 22.50 
Market value per share 69.09 71.61 61.99 49.67 48.91 
            
Capital Ratios           
Total stockholders' equity to total assets (3) 10.84% 10.61% 11.07% 10.76% 10.77% 
Tangible common equity to tangible assets (3) 8.72% 8.44% 8.79% 8.42% 8.36% 
Average stockholders' equity to average assets 10.73% 10.76% 10.86% 10.65% 10.56% 
Total risk-based capital 12.85% 12.73% 12.73% 12.62% 12.69% 
Common equity tier 1 risk-based capital 11.25% 11.17% 11.16% 11.07% 11.11% 
Tier 1 risk-based capital 11.60% 11.52% 11.52% 11.43% 11.49% 
Leverage 9.98% 9.94% 10.05% 9.95% 9.82% 
            
Stock Yards Bancorp, Inc. Financial Information (unaudited)           
First Quarter 2025 Earnings Release           
            
  Quarterly Comparison 
Average Balance Sheet Data 3-31-25 12-31-24 9-30-24 6-30-24 3-31-24 
            
Federal funds sold and interest bearing due from banks $ 180,439 $ 251,209 $ 148,818 $ 158,512 $ 153,990 
Mortgage loans held for sale 5,732 6,335 4,862 6,204 4,629 
Investment securities 1,455,926 1,436,748 1,424,815 1,491,865 1,578,401 
Federal Home Loan Bank stock 30,838 23,475 31,193 29,735 21,121 
Loans 6,597,388 6,381,869 6,174,309 5,973,801 5,808,924 
Total interest earning assets 8,270,323 8,099,636 7,783,997 7,660,117 7,567,065 
Total assets 8,893,907 8,718,416 8,384,605 8,246,735 8,153,364 
Non-interest bearing deposits 1,426,088 1,492,624 1,510,515 1,515,708 1,500,602 
Interest bearing deposits 5,594,740 5,531,441 5,047,771 4,971,804 5,058,743 
Total deposits 7,020,828 7,024,065 6,558,286 6,487,512 6,559,345 
Securities sold under agreement to repurchase 158,985 148,414 156,865 147,327 164,979 
Federal funds purchased 6,514 6,508 8,480 10,127 10,161 
Federal Home Loan Bank advances 466,667 300,000 461,141 441,484 274,451 
Subordinated debentures 26,806 26,806 26,806 26,806 26,794 
Total interest bearing liabilities 6,253,712 6,013,169 5,701,063 5,597,548 5,535,128 
Accumulated other comprehensive loss (86,622) (81,585) (88,362) (99,640) (95,747) 
Total stockholders' equity 954,040 937,782 910,274 878,233 861,029 
            
Performance Ratios           
Annualized return on average assets (4) 1.52% 1.45% 1.39% 1.35% 1.28% 
Annualized return on average equity (4) 14.14% 13.45% 12.83% 12.64% 12.09% 
Net interest margin, fully tax equivalent 3.46% 3.44% 3.33% 3.26% 3.20% 
Non-interest income to total revenue, fully tax equivalent 24.56% 25.12% 27.59% 27.58% 27.89% 
Efficiency ratio, fully tax equivalent (2) 54.50% 55.21% 53.92% 57.26% 58.68% 
            
Loans Segmentation           
Commercial real estate - non-owner occupied $ 1,870,352 $ 1,835,935 $ 1,686,448 $ 1,652,614 $ 1,609,483 
Commercial real estate - owner occupied 1,004,774 1,002,853 949,538 943,013 931,973 
Commercial and industrial 1,463,746 1,438,654 1,379,293 1,356,970 1,293,696 
Residential real estate - owner occupied 813,823 805,080 783,337 749,870 723,234 
Residential real estate - non-owner occupied 381,429 382,744 381,051 365,846 360,958 
Construction and land development 679,345 623,005 674,918 586,820 532,183 
Home equity lines of credit 252,125 247,433 236,819 223,304 212,443 
Consumer 140,009 144,644 143,684 151,221 145,022 
Leases 14,460 15,514 16,760 17,258 16,619 
Credit cards 26,297 24,540 26,285 24,047 24,104 
Total loans and leases $ 6,646,360 $ 6,520,402 $ 6,278,133 $ 6,070,963 $ 5,849,715 
            
Deposit Segmentation           
Interest bearing demand $ 2,545,858 $ 2,649,142 $ 2,361,192 $ 2,422,828 $ 2,414,118 
Savings 429,171 419,355 420,772 429,095 436,501 
Money market 1,343,031 1,403,978 1,259,484 1,177,995 1,241,822 
Time deposits 1,476,523 1,237,788 1,176,422 1,056,806 1,035,422 
Non-Interest bearing deposits 1,499,383 1,456,138 1,508,203 1,482,514 1,481,217 
Total deposits $ 7,293,966 $ 7,166,401 $ 6,726,073 $ 6,569,238 $ 6,609,080 
            
Asset Quality Data           
Non-accrual loans $ 15,865 $ 21,727 $ 16,288 $ 17,371 $ 13,984 
Modifications to borrowers experiencing financial difficulty - - - - - 
Loans past due 90 days or more and still accruing 283 487 870 186 106 
Total non-performing loans 16,148 22,214 17,158 17,557 14,090 
Other real estate owned 85 10 10 10 10 
Total non-performing assets $ 16,233 $ 22,224 $ 17,168 $ 17,567 $ 14,100 
Non-performing loans to total loans 0.24% 0.34% 0.27% 0.29% 0.24% 
Non-performing assets to total assets 0.18% 0.25% 0.20% 0.21% 0.17% 
Allowance for credit losses on loans to total loans 1.34% 1.33% 1.36% 1.35% 1.38% 
Allowance for credit losses on loans to average loans 1.35% 1.36% 1.38% 1.38% 1.39% 
Allowance for credit losses on loans to non-performing loans 550% 391% 497% 468% 574% 
Net (charge-offs) recoveries $ 971 $ (625) $ (1,137) $ 183 $ 348 
Net (charge-offs) recoveries to average loans (6) 0.01% -0.01% -0.02% 0.00% 0.01% 
            
Other Information           
Total WM&T assets under management (in millions) $ 6,804 $ 7,066 $ 7,317 $ 7,479 $ 7,496 
Full-time equivalent employees 1,089 1,080 1,068 1,051 1,062 
            
(1) - Detail of Provision for credit losses follows:  
  Quarterly Comparison 
(in thousands) 3-31-25 12-31-24 9-30-24 6-30-24 3-31-24 
Provision for credit losses - loans $ 900 $ 2,225 $ 4,325 $ 1,075 $ 1,175 
Provision for credit losses - off balance sheet exposures - 450 - 225 250 
Total provision for credit losses $ 900 $ 2,675 $ 4,325 $ 1,300 $ 1,425 
            
            
(2) - The efficiency ratio, a non-GAAP measure, equals total non-interest expenses divided by the sum of net interest income (FTE) and non-interest income.  
  Quarterly Comparison 
(Dollars in thousands) 3-31-25 12-31-24 9-30-24 6-30-24 3-31-24 
Total non-interest expenses (a) $ 51,027 $ 51,657 $ 48,452 $ 49,109 $ 48,961 
            
Total net interest income, fully tax equivalent $ 70,636 $ 70,057 $ 65,064 $ 62,113 $ 60,167 
Total non-interest income 22,996 23,507 24,797 23,655 23,271 
Total revenue - Non-GAAP (b) 93,632 93,564 89,861 85,768 83,438 
            
Efficiency ratio - Non-GAAP (a/b) 54.50% 55.21% 53.92% 57.26% 58.68% 
            
            
(3) - The following table provides a reconciliation of total stockholders’ equity in accordance with GAAP to tangible stockholders’ equity, a non-GAAP disclosure. Bancorp provides the tangible book value per share, a non-GAAP measure, in addition to those defined by banking regulators, because of its widespread use by investors as a means to evaluate capital adequacy: 
            
  Quarterly Comparison 
(In thousands, except per share data) 3-31-25 12-31-24 9-30-24 6-30-24 3-31-24 
Total stockholders' equity - GAAP (a) $ 975,473 $ 940,476 $ 934,094 $ 894,535 $ 874,711 
Less: Goodwill (194,074) (194,074) (194,074) (194,074) (194,074) 
Less: Core deposit and other intangibles (14,904) (15,818) (17,149) (18,201) (19,252) 
Tangible common equity - Non-GAAP (c) $ 766,495 $ 730,584 $ 722,871 $ 682,260 $ 661,385 
            
Total assets - GAAP (b) $ 8,997,478 $ 8,863,419 $ 8,437,280 $ 8,315,325 $ 8,123,128 
Less: Goodwill (194,074) (194,074) (194,074) (194,074) (194,074) 
Less: Core deposit and other intangibles (14,904) (15,818) (17,149) (18,201) (19,252) 
Tangible assets - Non-GAAP (d) $ 8,788,500 $ 8,653,527 $ 8,226,057 $ 8,103,050 $ 7,909,802 
            
Total stockholders' equity to total assets - GAAP (a/b) 10.84% 10.61% 11.07% 10.76% 10.77% 
Tangible common equity to tangible assets - Non-GAAP (c/d) 8.72% 8.44% 8.79% 8.42% 8.36% 
            
Total shares outstanding (e) 29,469 29,431 29,414 29,388 29,393 
            
Book value per share - GAAP (a/e) $ 33.10 $ 31.96 $ 31.76 $ 30.44 $ 29.76 
Tangible common equity per share - Non-GAAP (c/e) 26.01 24.82 24.58 23.22 22.50 
            
(4) - Return on average assets equals net income divided by total average assets, annualized to reflect a full year return on average assets. Similarly, return on average equity equals net income divided by total average equity, annualized to reflect a full year return on average equity.  
            
(5) - Interest income on a FTE basis includes the additional amount of interest income that would have been earned if investments in certain tax-exempt interest earning assets had been made in assets subject to federal, state and local taxes yielding the same after-tax income. Interest income, yields and ratios on a FTE basis are considered non-GAAP financial measures. Management believes net interest income on a FTE basis provides an insightful picture of the interest margin for comparison purposes. The FTE basis also allows management to assess the comparability of revenue arising from both taxable and tax-exempt sources. The FTE basis assumes a federal corporate income tax rate of 21%.  
            
(6) - Quarterly net (charge-offs) recoveries to average loans ratios are not annualized. 

FAQ

What was Stock Yards Bancorp's (SYBT) earnings per share in Q1 2025?

SYBT reported earnings of $1.13 per diluted share in Q1 2025, up from $0.88 in Q1 2024.

How much did SYBT's loan portfolio grow in Q1 2025?

Total loans increased by $126 million (2%) in Q1 2025, and $797 million (14%) over the last 12 months.

What was SYBT's net interest margin in Q1 2025?

Net interest margin was 3.46% in Q1 2025, expanding 26 basis points from Q1 2024.

How much did SYBT's deposits grow year-over-year?

Deposits increased by $685 million (10%) over the 12-month period ending March 31, 2025.

What is SYBT's asset quality status as of Q1 2025?

Non-performing loans were 0.24% of total loans, with an allowance for credit losses ratio of 1.34%.
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Stock Yds Bancorp Inc

NASDAQ:SYBT

SYBT Rankings

#1304 Ranked by Market Cap
#1623 Ranked by Dividends

SYBT Latest News

Feb 19, 2025
Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.31 per Common Share
Feb 5, 2025
Stock Yards Bancorp to Participate in the KBW Winter Financial Services Conference
Jan 23, 2025
Stock Yards Bancorp to Participate in the Janney Annual CEO Forum
Jan 22, 2025
Stock Yards Bancorp Reports Record Fourth Quarter Earnings of $31.7 Million or $1.07 Per Diluted Share and Record Earnings for the Year
Nov 20, 2024
Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.31 Per Common Share

SYBT Stock Data

1.98B
27.02M
8.11%
62.07%
6.77%
Banks - Regional
State Commercial Banks
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United States
LOUISVILLE