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LOUISVILLE, Ky., Aug. 22, 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 announced that David L. Hardy has been appointed to the Boards of Directors for both the Company and the Bank effective October 21, 2025. “We are thrilled to announce the appointment of David Hardy to our Board,” ...

LOUISVILLE, Ky., Aug. 20, 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 increased its quarterly cash dividend to $0.32 per common share. The dividend will be paid on October 1, 2025, to stockholders of record as of September 15, 2025. "Our consisten ...

Core Insights - Stock Yards Bancorp (SYBT) reported a revenue of $97.91 million for the quarter ended June 2025, reflecting a year-over-year increase of 14.2% [1] - The earnings per share (EPS) for the quarter was $1.15, up from $0.94 in the same quarter last year, indicating a strong performance [1] - The reported revenue exceeded the Zacks Consensus Estimate of $95.57 million by 2.45%, and the EPS also surpassed the consensus estimate of $1.05 by 9.52% [1] Financial Metrics - Net Interest Margin was reported at 3.5%, matching the average estimate from three analysts [4] - The Efficiency Ratio stood at 53.8%, better than the average estimate of 55.1% from three analysts [4] - Net charge-offs to average loans were reported at -0%, compared to an estimated 0.1% by two analysts [4] - Average Interest-Earning Assets were $8.36 billion, consistent with the average estimate from two analysts [4] - Total Non-Interest Income was $24.35 million, exceeding the average estimate of $23.87 million from three analysts [4] - Net Interest Income (FTE) was reported at $73.56 million, above the average estimate of $72.03 million from two analysts [4] - Net Interest Income was $73.47 million, surpassing the average estimate of $71.53 million from two analysts [4] Stock Performance - Over the past month, Stock Yards shares returned +0.8%, while the Zacks S&P 500 composite increased by +5.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Stock Yards Bancorp (SYBT) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.52%. A quarter ago, it was expected that this holding company for Stock Yards Bank & Trust Co. would post earnings of $1 per share when it actually produced earnings of $1.13, delivering a surprise of +13%. ...

EXHIBIT 99.1 | (dollar amounts in thousands, except per share data) | | 2Q25 | | 1Q25 | | 2Q24 | | --- | --- | --- | --- | --- | --- | --- | | Net income | $ | 34,024 | $ | 33,271 | $ | 27,598 | | Net income per share, diluted | | 1.15 | | 1.13 | | 0.94 | | Net interest income | $ | 73,473 | $ | 70,552 | $ | 62,022 | | Provision for credit losses | | 2,175 | | 900 | | 1,300 | | Non-interest income | | 24,348 | | 22,996 | | 23,655 | | Non-interest expenses | | 52,700 | | 51,027 | | 49,109 | | Net interest ma ...

Core Viewpoint - Stock Yards Bancorp, Inc. reported strong financial performance for the second quarter of 2025, driven by significant loan growth and net interest margin expansion, resulting in record earnings of $34.0 million, or $1.15 per diluted share, compared to $27.6 million, or $0.94 per diluted share, in the same quarter of 2024 [1][2]. Financial Performance - Net income for Q2 2025 was $34.0 million, an increase of $6.4 million, or 23%, from Q2 2024 [2][5]. - Net interest income rose by $11.5 million, or 18%, to $73.5 million, attributed to strong growth in average earning assets and improved yields [5][10]. - Non-interest income increased by $693,000, or 3%, to $24.3 million compared to Q2 2024 [8][9]. Loan and Deposit Growth - Total loans increased by $779 million, or 13%, year-over-year, with a $204 million, or 3%, increase from the previous quarter [6][14]. - Deposit balances expanded by $938 million, or 14%, over the past 12 months, with a notable increase in interest-bearing deposits [16][28]. Net Interest Margin and Efficiency - Net interest margin expanded by 27 basis points year-over-year to 3.53%, driven by higher yields on earning assets and lower funding costs [2][10]. - The efficiency ratio improved to 53.83% from 57.26% in Q2 2024, indicating better operational efficiency [2][33]. Credit Quality - Provision for credit losses was recorded at $2.2 million, reflecting strong loan growth and a slightly deteriorating economic forecast [7][23]. - Non-performing loans totaled $18.0 million, or 0.26% of total loans, showing a slight improvement from 0.29% a year earlier [17][35]. Capital and Shareholder Returns - The company maintained a "well-capitalized" status with a tangible common equity ratio of 8.86% as of June 30, 2025 [18][29]. - A quarterly cash dividend of $0.31 per common share was declared, reflecting a commitment to returning value to shareholders [19][20]. Future Outlook - The company anticipates continued momentum in loan production and deposit growth, with expectations for net interest margin stability despite increased competition in the second half of the year [1][4].

Core Points - Stock Yards Bancorp, Inc. has been awarded the Raymond James Community Bankers Cup for its performance in 2024, recognizing its strong operational metrics and community service commitment [1][3] - The award is given to the top 10% of community banks based on profitability, operational efficiency, and balance sheet metrics, with eligibility for banks having assets between $500 million and $10 billion as of December 31, 2024 [2] - Stock Yards Bancorp has received the Raymond James Community Bankers Cup a total of 10 times, indicating consistent high performance in the community banking sector [3] Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, and has assets totaling $9.00 billion [4] - The company was incorporated in 1988 and serves as the parent company of Stock Yards Bank & Trust Company, which was established in 1904 [4] - The common shares of Stock Yards Bancorp trade on The NASDAQ Stock Market under the symbol "SYBT" [4]

Core Viewpoint - Stock Yards Bancorp, Inc. will participate in the Stephens Investor Conference on June 16 and 17, 2025, in Portland, Maine, engaging in one-on-one meetings with institutional investors [1][2]. Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, and has $9.00 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 the company trade on The NASDAQ Stock Market under the symbol "SYBT" [2]. Conference Participation - Key executives participating in the conference include Ja Hillebrand (Chairman and CEO), Phil Poindexter (President), and T. Clay Stinnett (EVP and CFO) [1]. - Management's discussion materials for the conference will be available on the company's investor section of the website on or before June 16, 2025 [2].

Financial Performance - Net income for the three months ended March 31, 2025, was $33.3 million, a 29% increase from $25.9 million in the same period of 2024, resulting in diluted EPS of $1.13 compared to $0.88 [177]. - Income before income tax expense increased by $8.7 million, or 26%, from $32.96 million in 2024 to $41.62 million in 2025 [243]. - The effective tax rate increased to 21.45% for the three months ended March 31, 2025, compared to 20.06% for the same period in 2024 [243]. - Stockholders' equity increased by $35 million, or 4%, to $975 million, supported by net income of $33.3 million [247]. - The TCE ratio improved to 8.72% at March 31, 2025, compared to 8.44% at December 31, 2024, driven by net income of $33.3 million [302]. Loan and Deposit Growth - Total loans increased by $797 million, or 14%, compared to March 31, 2024, with average loans also rising by $789 million, or 14% [177]. - Deposit balances grew by $685 million, or 13%, compared to March 31, 2024, largely due to the success of promotional rate offerings [177]. - Average loan balances for the three-month periods ended March 31, 2025, and 2024 were $6.6 billion and $5.8 billion, respectively, reflecting a significant increase in loan activity [204]. - Total deposits increased by $128 million, or 2%, from December 31, 2024, to March 31, 2025 [276]. - Average interest-bearing deposits increased by $536 million, or 11%, for the three months ended March 31, 2025, with a notable 31% increase in average time deposits [192]. Interest Income and Margin - Net interest income (FTE) reached $70.6 million for the three months ended March 31, 2025, an increase of $10.5 million, or 17%, from the same period in 2024 [177]. - The net interest margin (FTE) increased by 26 basis points to 3.46% for the three months ended March 31, 2025, driven by higher rates on interest-earning assets [177]. - Total average interest-earning assets increased by $703 million, or 9%, for the three months ended March 31, 2025, with the average rate earned climbing by 32 bps to 5.46% [186]. - Net interest income increased by 3.72% and 7.64% in response to interest rate increases of 100 bps and 200 bps, respectively, while a decrease of 6.22% and 3.21% occurred with rate decreases of 200 bps and 100 bps [201]. Credit Losses and Allowance - Bancorp's allowance for credit losses (ACL) on loans increased by $8 million, or 10%, compared to March 31, 2024, attributed to significant loan growth and increased specific reserves [177]. - The allowance for credit losses (ACL) for loans increased to $89 million as of March 31, 2025, compared to $81 million in the prior year, with an ACL to total loans ratio of 1.34% [205]. - Provision for credit losses on loans was recorded at $900,000 for the three-month period ended March 31, 2025, down from $1.2 million in the same period of 2024 [206][207]. - Non-performing loans decreased to $16.1 million, or 0.24% of total loans, down from $22.2 million, or 0.34%, at the end of 2024 [260]. Non-Interest Income and Expenses - Non-interest income decreased by $275,000, or 1%, for the three months ended March 31, 2025, compared to the same period in 2024, primarily due to equity market depreciation and lower transaction volumes [182]. - Non-interest expenses increased by $2.1 million, or 4%, for the three months ended March 31, 2025, driven by higher compensation expenses and increased marketing costs [182]. - Compensation expenses increased by $1.7 million, or 7%, for the three months ended March 31, 2025, primarily due to annual merit-based salary increases [231]. Asset Management - Assets under management (AUM) totaled $6.80 billion at March 31, 2025, down from $7.50 billion at March 31, 2024, attributed to market downturns and a decline in net new business [216]. - Approximately 80% of AUM were actively managed as of March 31, 2025, compared to 79% at December 31, 2024 [220]. - Managed assets composition remained consistent with approximately 65% in equities and 35% in fixed income securities as of both March 31, 2025 and December 31, 2024 [222]. Capital and Liquidity - As of March 31, 2025, Bancorp maintained a "well-capitalized" status, with total stockholders' equity to total assets at 10.84% [182]. - Cash and cash equivalents surged by $113 million, or 39%, to $404 million, attributed to deposit growth and maturity activity [248]. - The company experienced a significant shift in deposit mix, with non-interest bearing deposits migrating to higher-yielding options, particularly time deposits [177]. Risk Management - Bancorp's interest rate risk management aims to optimize net interest income while considering capital adequacy, liquidity needs, and market opportunities [197]. - The company utilizes interest rate swaps to hedge against rising interest rates, with minimal impact on earnings due to offsetting contracts [202]. Legal and Compliance - Stock Yards Bancorp, Inc. management, including the CEO and CFO, evaluated the effectiveness of the Company's disclosure controls and procedures, concluding they were effective as of the end of the reporting period [313]. - No changes in the Company's internal control over financial reporting occurred during the fiscal quarter that materially affected its financial reporting [313]. - Bancorp and the Bank are involved in various legal proceedings typical for their business operations, but no adverse decisions are expected to materially impact their financial position [314].