With the merger, Hillebrand said customers would gain access to a broader branch presence across Louisville, Central, Eastern, and Northern Kentucky, as well as into the Cincinnati and Indianapolis metropolitan markets. He emphasized that “community banking isn’t about size, it’s about service,” adding that the focus is on “better, not bigger.”Hillebrand noted that Stock Yards’ recently announced addition of a Bowling Green market president underscores the company’s commitment to long-term growth across a c ...

On Jan. 21, 2026, Stock Yards Bank & Trust Co. reported a buy of Stock Yards Bancorp (NASDAQ:SYBT), adding 366,475 shares in the fourth quarter in an estimated $24.6 million transaction based on quarterly average pricing. What happened According to an SEC filing dated Jan. 21, 2026, Stock Yards Bank & Trust Co. increased its position in Stock Yards Bancorp by 366,475 shares during the fourth quarter. The estimated transaction value was $24.6 million, calculated using the average closing price over the qu ...

Core Viewpoint - Stock Yards Bancorp has announced a merger to acquire Field & Main Bancorp, which is the holding company for Field & Main Bank [2]. Group 1 - The merger was officially announced through a press release and is accompanied by an investor presentation available on the company's Investor Relations page and SEC Form 8-K filing [2]. - The conference call includes key executives from Stock Yards Bancorp, such as the CEO, Chairman, CFO, and President, indicating a structured approach to communicate the merger details [1]. - The company encourages participants to review forward-looking statements provided in the investor presentation, highlighting the importance of understanding future expectations related to the merger [3]. Group 2 - Information about Field & Main Bancorp is being shared to familiarize stakeholders with the acquired entity, suggesting a focus on transparency and clarity regarding the merger [3].

Summary of Stock Yards Bancorp and Field & Main Bancorp Merger Conference Call Company and Industry Overview - **Companies Involved**: Stock Yards Bancorp (SYBT) and Field & Main Bancorp - **Industry**: Community Banking - **Merger Announcement Date**: January 28, 2026 Key Points and Arguments Merger Details - Stock Yards Bancorp announced the acquisition of Field & Main Bancorp, enhancing its presence in Western Kentucky and adjacent markets [2][3] - Field & Main operates six branches in Kentucky and Indiana, with a history dating back to 1887 [3] - The merger aims to create Kentucky's premier community banking franchise with combined assets of approximately $10.4 billion, $7.9 billion in gross loans, and $8.6 billion in deposits [5] Strategic Rationale - The merger is positioned as a strategic expansion into a vibrant economic region, enhancing market penetration and operational leverage [4] - The combined organization will maintain a focus on high-touch customer service and disciplined growth [4][6] - The merger represents Stock Yards' fifth acquisition since 2012, indicating a strong track record in M&A [6] Financial Metrics - Field & Main reported approximately $861 million in assets, $652 million in loans, and $781 million in deposits as of December 31, 2025 [5] - The transaction is valued at approximately $105.7 million, with an implied purchase price of $44.55 per share based on Stock Yards' closing stock price [10] - Expected earnings per share accretion of approximately 5.7% by 2027, with tangible book value dilution of about 0.9% to be recovered in under one year [10] Cost Savings and Financial Projections - Anticipated cost savings of 34% of Field & Main's non-interest expenses to be fully realized by 2027 [10] - One-time transaction costs are expected to be $16.9 million, primarily recognized in 2026 [11] - Pro forma total risk-based capital ratio expected to be approximately 13.4% at closing [12] Management and Integration - Doug Lawson, President and COO of Field & Main, will join Stock Yards as a market president, indicating a commitment to preserving key management talent [8] - Minimal market overlap is expected, allowing for the preservation of most customer-facing jobs [8] Organic Growth and Future Outlook - Stock Yards has experienced strong organic growth, with a loan growth rate of 6.5% and expectations for continued growth in 2026 [29][32] - The company aims to manage its balance sheet efficiently to stay below the $10 billion regulatory threshold until 2027 [20][12] - There is optimism regarding additional M&A opportunities in the current favorable regulatory environment [23] Additional Important Information - The merger is expected to close in the second quarter of 2026, pending customary approvals [15] - The management team emphasized the importance of relationships over size in community banking [6] - The merger is seen as a way to enhance service capabilities and customer offerings in the region [4][6] This summary captures the essential details and strategic insights from the conference call regarding the merger between Stock Yards Bancorp and Field & Main Bancorp, highlighting the financial implications, growth strategies, and management integration plans.

Acquisition of Field & Main Bancorp, Inc. January 27, 2026 Forward-Looking Statements Forward-Looking Statements Certain statements contained in this communication, which are not statements of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, certain plans, expectations, goals, projections, and benefits relating to the proposed merger transaction between Stock Yards and Field & M ...

Core Insights - Stock Yards Bancorp (SYBT) reported revenue of $104.47 million for the quarter ended December 2025, marking an 11.7% year-over-year increase and a surprise of +2.09% over the Zacks Consensus Estimate of $102.33 million [1] - The earnings per share (EPS) for the same period was $1.24, compared to $1.07 a year ago, resulting in an EPS surprise of +3.05% against the consensus estimate of $1.20 [1] Financial Performance Metrics - Net Interest Margin was reported at 3.6%, aligning with the average estimate from three analysts [4] - The Efficiency Ratio was 52.5%, slightly better than the estimated 52.9% by three analysts [4] - Net charge offs to average loans were reported at -0%, compared to the average estimate of 0.1% from two analysts [4] - Average Interest-Earning Assets amounted to $8.81 billion, exceeding the average estimate of $8.7 billion from two analysts [4] - Total Non-Interest Income was $25.13 million, surpassing the average estimate of $24.72 million from three analysts [4] - Net Interest Income (FTE) was reported at $79.34 million, above the estimated $78.09 million from two analysts [4] - Net Interest Income was $79.25 million, exceeding the average estimate of $77.9 million from two analysts [4] Stock Performance - Shares of Stock Yards have returned +2.1% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - Stock Yards Bancorp, Inc. has announced a definitive agreement to acquire Field & Main Bancorp, which will enhance its strategic expansion into the economically vibrant Western Kentucky market [1][2]. Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, with total assets of approximately $9.54 billion as of the latest reporting [9]. - Field & Main Bancorp, headquartered in Henderson, Kentucky, has approximately $861 million in assets and operates 6 retail branches [3][10]. Transaction Details - The acquisition is an all-stock transaction where Field & Main shareholders will receive 0.6550 shares of Stock Yards common stock for each share of Field & Main, with an aggregate transaction value of approximately $105.7 million [5]. - The implied per share purchase price is $44.55 based on Stock Yards' closing stock price of $68.01 on January 26, 2026 [5]. - The transaction is expected to be 5.7% accretive to Stock Yards' earnings per share once cost savings are fully realized [5]. Strategic Implications - The merger will create a combined organization with 81 branches and total assets of approximately $10.4 billion, enhancing market penetration and operational leverage in Western Kentucky [3][2]. - The partnership aligns with Stock Yards' focus on disciplined growth, profitability, and high-touch customer service, leveraging Field & Main's community-first culture [2][4]. Leadership and Governance - Following the completion of the transaction, Scott Davis from Field & Main is expected to join the Stock Yards Board of Directors [6]. - The merger reflects a commitment to maintaining strong community ties and delivering exceptional customer service [4].

Financial Performance - Stock Yards Bancorp reported record fourth quarter earnings of $36.6 million, or $1.24 per diluted share, compared to $31.7 million, or $1.07 per diluted share in Q4 2024, representing a 15% increase[1]. - For the full year 2025, net income reached a record $140.2 million, or $4.75 per diluted share, a 22% increase from the previous year[1]. - Net income for the year 2025 was $140.150 million, up from $114.539 million in 2024, with diluted earnings per share increasing to $4.75 from $3.89[34]. - Net income for Q4 2025 was $36,614 million, a slight increase from $36,241 million in Q3 2025, representing a year-over-year growth of 16.5%[38]. - Basic net income per share increased to $1.25 in Q4 2025 from $1.23 in Q3 2025[38]. Loan and Deposit Growth - Total loans increased by $521 million, or 8%, year over year, with loan production for 2025 at $1.6 billion compared to $1.5 billion in 2024[7][17]. - Total loans increased to $7.041 billion in 2025 from $6.520 billion in 2024, marking a growth of about 8%[36]. - Total loans expanded by $112 million, or 2%, with the C&D segment being the primary growth driver[29]. - Total deposits increased by $147 million, or 2%, with interest-bearing deposits rising by $300 million, or 5%[30]. - Deposit balances grew by $625 million, or 9%, over the past 12 months, with interest-bearing deposits increasing by $645 million, or 11%[5][19]. Income and Revenue - Net interest income for Q4 2025 increased by $9.3 million, or 13%, to $79.3 million, driven by strong earning asset growth[10]. - Non-interest income rose by $1.6 million, or 7%, to $25.1 million in Q4 2025 compared to Q4 2024[14]. - Total non-interest income rose to $25,128 million in Q4 2025, up 2.7% from $24,476 million in Q3 2025[38]. - Treasury management fees hit a record $3.1 million, up 15% from Q4 2024, driven by new product sales and fee increases[20]. - Mortgage banking income increased to $860 million in Q4 2025 from $781 million in Q4 2024, and total non-interest income rose to $25.128 billion from $23.507 billion year-over-year[34]. Asset Quality - Non-performing loans decreased to $13.0 million, or 0.19% of total loans, down from $22.2 million, or 0.34% a year earlier[21]. - Non-performing loans decreased to $13.034 million, down from $22.214 million, resulting in a non-performing loans to total loans ratio of 0.19% compared to 0.34%[36]. - The provision for credit losses decreased to $1,650 million in Q4 2025 from $1,975 million in Q3 2025, reflecting improved credit quality[37]. - Non-performing loans decreased to $13,034, down from $18,659 in the previous quarter, indicating improved asset quality[41]. Efficiency and Ratios - The efficiency ratio improved to 52.46% in Q4 2025 from 55.21% in Q4 2024, indicating better cost management[35]. - The efficiency ratio improved to 52.46%, down from 52.99% in the previous quarter, indicating better cost management[41]. - Total equity to assets ratio improved to 11.28% as of December 31, 2025, compared to 10.61% a year prior, with tangible book value per share increasing by 19% to $29.50[22]. - The ratio of total stockholders' equity to total assets improved to 11.28% from 11.19% in the previous quarter[44]. - The ratio of tangible common equity to tangible assets was 9.32%, up from 9.16% in the previous quarter[44]. Shareholder Value - Cash dividends declared per share increased to $1.26 in 2025 from $1.22 in 2024, reflecting a commitment to returning value to shareholders[34]. - Tangible book value per share increased by 19% year over year to a record $29.50[1]. - The book value per share increased to $36.49 in 2025 from $31.96 in 2024, reflecting stronger equity position[34]. - Book value per share under GAAP increased to $36.49 from $35.32 in the previous quarter[44]. - Tangible common equity per share increased to $29.50 from $28.30 in the prior quarter[44]. Overall Growth - Total assets grew to $9.536 billion in 2025, compared to $8.863 billion in 2024, reflecting a year-over-year increase of approximately 7.6%[34]. - Total assets increased to $9,536,124 million as of December 31, 2025, up from $9,307,376 million at the end of Q3 2025[39]. - Total assets rose to $9,536,124,000, compared to $9,307,376,000 in the prior quarter[43]. - Total stockholders' equity rose to $1.075 billion in 2025 from $940.476 million in 2024, representing a year-over-year increase of approximately 14.3%[34]. - Total stockholders' equity improved to $1,075,697 million in Q4 2025 from $1,041,144 million in Q3 2025[39].

Full Year Earnings Hit Record $140.2 Million or $4.75 Per Diluted Share Tangible Book Value Per Share Increases 19% Year Over Year To A Record $29.50 LOUISVILLE, Ky., Jan. 27, 2026 (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 $36.6 million, or $1.24 per dilute ...

Core Viewpoint - Stock Yards Bancorp (SYBT) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often adjust their valuations based on changes in earnings estimates, leading to significant stock price movements as they buy or sell large quantities of shares [4]. Company Performance and Outlook - The upgrade reflects an improvement in Stock Yards' underlying business, suggesting that investors may respond positively by driving the stock price higher [5]. - The Zacks Consensus Estimate for Stock Yards indicates expected earnings of $4.71 per share for the fiscal year ending December 2025, with a 2.6% increase in estimates over the past three months [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - The upgrade to Zacks Rank 2 places Stock Yards in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].