Core Insights - Stock Yards Bancorp, Inc. reported record earnings of $36.2 million, or $1.23 per diluted share, for Q3 2025, a significant increase from $29.4 million, or $1.00 per diluted share, in Q3 2024, driven by solid loan and deposit growth and strong credit quality metrics [1][2]. Financial Performance - Net income increased by $6.9 million, or 23.5%, from Q3 2024 to Q3 2025 [2]. - Net interest income rose by $12.1 million, or 19%, to $77.0 million compared to Q3 2024, attributed to significant average earning asset balance growth and improved yields [5][19]. - Non-interest income decreased by $321,000, or 1%, compared to Q3 2024, but increased by $128,000, or 1%, on a linked quarter basis [8][21]. - Total non-interest expenses increased by $5.4 million, or 11%, compared to Q3 2024, reflecting higher compensation and marketing expenses [9][22]. Loan and Deposit Growth - Total loans increased by $651 million, or 10%, year-over-year, reaching $6.93 billion, with broad-based growth across all markets [6][13]. - Deposit balances expanded by $918 million, or 14%, over the past 12 months, with a notable increase in non-interest bearing deposits, which now account for 21% of total deposits [15][16]. - The company achieved a net interest margin of 3.56%, an increase of 23 basis points compared to Q3 2024, driven by earning asset growth and yield expansion [5][19]. Credit Quality - Provision for credit losses on loans was recorded at $1.6 million for Q3 2025, a decrease from $4.3 million in Q3 2024, indicating strong credit quality [7][20]. - Non-performing loans totaled $18.7 million, or 0.27% of total loans outstanding, consistent with the previous year [16]. Capital and Equity - As of September 30, 2025, the company maintained a "well-capitalized" status, with total equity to assets at 11.19% and a tangible common equity ratio of 9.16% [17][32]. - Tangible common equity per share increased to $28.30 from $24.58 a year earlier [30]. Strategic Developments - The company opened a new branch in the Indianapolis metropolitan market and plans to open two additional locations by the end of the year, expanding its geographic footprint [4]. - Wealth Management & Trust income decreased by 2% year-over-year, but assets under management increased by $163 million, or 2%, indicating positive momentum [12].

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].

Core Insights - Equity markets have experienced volatility in August after a strong performance since mid-June, influenced by tariff policies and inflationary pressures [1] - Investors are advised to focus on stocks with a history of steady dividend payouts to protect their portfolios during market fluctuations [2] Investment Opportunities - Four small and mid-cap banks have recently announced dividend increases: Bank7 Corp. (BSVN), Unity Bancorp, Inc. (UNTY), Stock Yards Bancorp, Inc. (SYBT), and BayCom Corp (BCML) [3] - These banks have consistently raised their quarterly dividends, contributing to enhanced shareholder value, with stock prices increasing over 15% in the past year [3] Company Summaries - **Bank7 Corp. (BSVN)**: - Operates in Oklahoma, Texas, and Kansas with $1.83 billion in assets as of June 30, 2025 [7] - Announced a quarterly cash dividend of $0.27 per share, a 12.5% increase, with a forward dividend yield of 2.33% and a payout ratio of 21% [8] - Expected sales decline of 2.4% and earnings decrease of 13.4% in 2025 [9] - **Unity Bancorp, Inc. (UNTY)**: - Based in New Jersey with $2.93 billion in assets as of June 30, 2025 [11] - Increased its quarterly cash dividend to $0.15 per share, a 7.1% rise, with a forward dividend yield of 1.24% and a payout ratio of 12% [12] - Projected sales growth of 16.5% and earnings growth of 20.9% in 2025 [12] - **Stock Yards Bancorp, Inc. (SYBT)**: - Headquartered in Louisville, KY, providing services in Kentucky, Indiana, and Ohio [13] - Announced a dividend of $0.32 per share, a 3.2% increase, with a forward dividend yield of 1.66% and a payout ratio of 29% [14] - Anticipated sales growth of 11.1% and earnings growth of 17.2% in 2025 [14] - **BayCom Corp (BCML)**: - Operates through United Business Bank with $2.62 billion in assets as of June 30, 2025 [15] - Increased its quarterly cash dividend to $0.25 per share, a 25% rise, with a forward dividend yield of 3.53% and a payout ratio of 37% [16] - Expected sales growth of 3.6% and earnings growth of 5.2% in 2025 [17]

Core Viewpoint - Stock Yards Bancorp, Inc. has appointed David L. Hardy to its Board of Directors, effective October 21, 2025, highlighting his extensive leadership experience and market expertise in commercial real estate [2][3]. Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, and has $9.21 billion in assets. It was incorporated in 1988 and is the parent company of Stock Yards Bank & Trust Company, established in 1904. The company's common shares trade on NASDAQ under the symbol "SYBT" [6]. Leadership Appointment - David L. Hardy has been the Managing Director for CBRE's Kentucky operations since 2005 and has a long history in the Louisville market, brokering office properties since 1988. His leadership at CBRE Louisville has contributed to the company being recognized as one of Louisville's fastest-growing companies multiple times [3][4]. Professional Background - Mr. Hardy has held various leadership roles, including Vice Chairman of the Board of Trustees for St. Xavier High School and member of the Board of Governors for Louisville Country Club. He has also served as Chairman of the Board of Trustees of the Leadership Louisville Center and President of the Kentucky CCIM Chapter [5].

Core Insights - Stock Yards Bancorp (SYBT) announced a quarterly dividend of 32 cents per share, a 3.2% increase from the previous payout, with payment scheduled for October 1, 2025, to shareholders of record as of September 15 [1] - The company has raised its quarterly dividend 18 times since 2011, resulting in a total increase of 167% over this period [1][9] - SYBT's current dividend yield is 1.61%, compared to the industry average of 2.41 [2] Dividend Growth and Financial Health - Prior to the latest increase, SYBT raised its dividend by 3.3% to 31 cents per share in August 2024 [2] - The company maintains a five-year annualized dividend growth rate of 3.38% and a payout ratio of 29% of its earnings, indicating a strong capacity for reinvestment and shareholder returns [4] - As of June 30, 2025, SYBT reported total cash and cash equivalents of $451 million, with short-term debt of $133 million and long-term debt of $327 million, supporting its capital distribution activities [6] Shareholder Value Initiatives - SYBT has a share buyback program approved on July 15, 2025, allowing for the repurchase of up to 1 million shares over the next two years [5][9] - The company has experienced a share price increase of 34.8% over the past year, significantly outperforming the industry growth of 6.2% [7]

Core Viewpoint - Stock Yards Bancorp, Inc. has announced an increase in its quarterly cash dividend to $0.32 per common share, reflecting the company's consistent profitability and strong capital position [1][2]. Group 1: Dividend Announcement - The quarterly cash dividend is set to be paid on October 1, 2025, to stockholders of record as of September 15, 2025 [1]. - This marks the 18th increase in the quarterly dividend rate since 2011, resulting in a cumulative increase of 167% over that period [2]. Group 2: Company Overview - Stock Yards Bancorp, Inc. has $9.21 billion in assets and was incorporated in 1988 as a bank holding company [2]. - The company is the parent of Stock Yards Bank & Trust Company, which was established in 1904, and its common shares trade on NASDAQ under the symbol "SYBT" [2].

Core Points - Stock Yards Bancorp, Inc. announced an increase in its quarterly cash dividend to $0.32 per common share, payable on October 1, 2025, to shareholders of record as of September 15, 2025 [1] - The company has raised its quarterly dividend rate a total of 18 times since 2011, resulting in a cumulative increase of 167% over that period [2] Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, and has $9.21 billion in assets. It was incorporated in 1988 as a bank holding company and is the parent of Stock Yards Bank & Trust Company, established in 1904 [2] - The company's common shares are traded on The NASDAQ Stock Market under the symbol "SYBT" [2]

Core Viewpoint - Stock Yards Bancorp (SYBT) has experienced a bearish trend recently, losing 6.3% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which supports a bullish outlook for the stock [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control and bulls are starting to gain traction [4][5]. - This pattern can occur across various timeframes, making it relevant for both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for SYBT, with a 4.2% increase in the consensus EPS estimate over the last 30 days, indicating that analysts expect better earnings than previously predicted [7][8]. - The company currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10]. - The Zacks Rank serves as a strong timing indicator for identifying improvements in a company's prospects, further supporting the case for a potential trend reversal for SYBT [10].

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]