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LOUISVILLE, Ky., Nov. 19, 2025 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per common share. The dividend will be paid on December 31, 2025, to stockholders of record as of December 15, 2025. Louisville, ...

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Financial Performance - Net income for the three months ended September 30, 2025, was $36.2 million, a 23% increase from $29.4 million in the same period of 2024[186] - Diluted earnings per share for the three months ended September 30, 2025, was $1.23, a 23% increase from $1.00 in the same period of 2024[186] - Net income for the nine months ended September 30, 2025, was $103.5 million, resulting in diluted EPS of $3.51, up from $82.8 million and $2.82 EPS for the same period in 2024[191] - Bancorp's total revenue for the nine months ended September 30, 2025, was $293.1 million, up from $259.1 million in the prior year, representing a growth of 13.1%[348] Loan Growth - Total loans increased by $651 million, or 10%, compared to September 30, 2024, with significant growth in the commercial real estate segment[186] - Total loans increased by $409 million, or 6%, from December 31, 2024, with significant growth in commercial real estate and residential real estate[285] - The average total loans for the three months ended September 30, 2025, were $6.87 billion, compared to $6.17 billion for the same period in 2024, reflecting significant loan growth[232] - Loans increased to $6,873,559 thousand in Q3 2025, up from $6,174,309 thousand in Q3 2024, marking a rise of 11.3%[219] Deposit Growth - Deposit balances rose by $918 million, or 14%, compared to September 30, 2024, primarily due to growth in time deposits[186] - Total deposits increased by $478 million, or 7%, from December 31, 2024, to September 30, 2025[310] - Core deposits totaled $6.56 billion, representing 86% of total deposits as of September 30, 2025, compared to $6.14 billion at December 31, 2024[325] Interest Income and Expenses - Net interest income (FTE) for the three months ended September 30, 2025, totaled $77.1 million, representing a 19% increase from the previous year[186] - Net interest income (FTE) for the nine months ended September 30, 2025, totaled $221.3 million, an increase of $34 million, or 18%, from the prior year[191] - Total interest income (FTE) increased by $14.5 million, or 14%, to $120.3 million for the three months ended September 30, 2025, compared to the same period in 2024[205] - Total interest income (FTE) increased by $43.8 million, or 14%, to $347 million for the nine months ended September 30, 2025[213] Non-Interest Income and Expenses - Non-interest income decreased by $321,000, or 1%, for the three months ended September 30, 2025, attributed mainly to declines in WM&T revenue[190] - Non-interest income increased by $97,000, or less than 1%, for the nine months ended September 30, 2025, compared to the same period in 2024[195] - Non-interest expenses increased by $5.4 million, or 11%, for the three months ended September 30, 2025, driven by higher compensation expenses[190] - Bancorp's total non-interest expenses for the nine months ended September 30, 2025, were $157.6 million, compared to $146.5 million for the same period in 2024, reflecting an increase of 7.5%[348] Efficiency and Capital Ratios - Bancorp's efficiency ratio (FTE) improved to 52.99% for the three months ended September 30, 2025, compared to 53.92% in the same period of 2024[190] - Bancorp's efficiency ratio (FTE) improved to 53.75% for the nine months ended September 30, 2025, compared to 56.56% for the same period in 2024[195] - As of September 30, 2025, Bancorp maintained a "well-capitalized" status, with total stockholders' equity to total assets at 11.19%[190] - Bancorp's TCE ratio improved to 9.16% at September 30, 2025, up from 8.44% at December 31, 2024, with tangible book value per share increasing to $28.30 from $24.82[339] Asset Quality - The allowance for credit losses on loans was $92,859 thousand as of September 30, 2025, compared to $84,260 thousand a year earlier, reflecting a 10.5% increase[219] - Non-performing loans decreased to $18.66 million (0.27% of total loans) from $22.21 million (0.34% of total loans) between December 31, 2024, and September 30, 2025[293] - The ACL for loans to total non-performing loans ratio improved to 494% as of September 30, 2025, compared to 391% at December 31, 2024[293] Market and Investment Performance - Assets Under Management (AUM) reached $7.48 billion as of September 30, 2025, an increase from $7.32 billion at the same date in 2024, attributed to market appreciation and positive net new business[245] - Approximately 80% of AUM were actively managed as of September 30, 2025, compared to 79% as of December 31, 2024[249] - Managed assets composition included approximately 66% in equities and 34% in fixed income securities as of September 30, 2025, consistent with previous periods[251] Miscellaneous - The share repurchase program authorized the repurchase of up to 1 million shares, approximately 4% of total common shares outstanding, set to expire in two years[340] - Bancorp implemented a new deposit product, ICS, aimed at larger depositors requiring collateralization, enhancing liquidity management[312]

Stock Yards Bancorp (SYBT) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.96%. A quarter ago, it was expected that this holding company for Stock Yards Bank & Trust Co. would post earnings of $1.05 per share when it actually produced earnings of $1.15, delivering a surprise of +9.52% ...

"Our operating performance this quarter was supported by broad-based strength across non-interest revenue streams," Hillebrand continued. "Highlighted by growth in our mortgage and brokerage businesses, our diversified sources of fee income continue to make meaningful contributions. While Wealth Management & Trust (WM&T) income declined compared to the prior-year quarter, assets under management increased for the second consecutive quarter following three quarters of decline. We are encouraged by the growth ...

Results Highlighted by Solid Loan and Deposit GrowthLOUISVILLE, Ky., Oct. 29, 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 $36.2 million, or $1.23 per diluted share, for the third quarter ended September 30, 2025. This compares to net income of $29.4 milli ...

Core Insights - Stock Yards Bancorp, Inc. has appointed Michael W. Woods as Principal Accounting Officer effective immediately [1] - Michael Woods has over 25 years of experience in financial reporting, internal control, and strategic planning [2] - The company has $9.21 billion in assets and operates as a bank holding company [3] Company Overview - Stock Yards Bancorp, Inc. is the parent company of Stock Yards Bank & Trust Company, established in 1904 [3] - The company was incorporated in 1988 and its common shares trade on The Nasdaq Stock Market under the symbol "SYBT" [3] Leadership Statement - James A. Hillebrand, Chairman and CEO, expressed excitement about Michael Woods joining the company, highlighting his extensive knowledge and experience in accounting functions and regulatory navigation [3]

Core Viewpoint - Stock Yards Bancorp, Inc. will participate in the Raymond James 2025 U.S. Bank and Banking on Tech Conferences, indicating its engagement with institutional investors and the broader banking community [1][2]. Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, and has $9.21 billion in assets [2]. - The company was incorporated in 1988 as a bank holding company and is the parent of Stock Yards Bank & Trust Company, which was established in 1904 [2]. - The common shares of Stock Yards Bancorp trade on The Nasdaq Stock Market under the symbol "SYBT" [2]. Conference Participation - Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in a series of one-on-one meetings with institutional investors during the conference [1]. - Management's discussion materials for the conference will be available on the company's investor section of the website on or before September 3, 2025 [2].