The price trend for Stock Yards Bancorp (SYBT) has been bearish lately and the stock has lost 6.4% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor t ...

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This quarterly report represents an earnings surprise of 11.90%. A quarter ago, it was expected that this holding company for Stock Yards Bank & Trust Co. Would post earnings of $0.82 per share when it actually produced earnings of $0.88, delivering a surprise of 7.32%. Stock Yards, which belongs to the Zacks Banks - Southeast industry, posted revenues of $85.77 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.23%. This compares to year-ago revenues of $84.16 million. Th ...

EXHIBIT 99.1 Stock Yards Bancorp Reports Second Quarter Earnings of $27.6 Million or $0.94 Per Diluted Share Results Highlighted by Record Loan Growth and Net Interest Margin Expansion Hillebrand concluded, "In May 2024, we once again received the 2023 Raymond James Community Bankers Cup award, recognizing the top 10% of community banks based on various profitability, operational efficiency, and balance sheet metrics. The pool of banks considered for recognition included all exchange-traded domestic banks w ...

Total assets increased $583 million, or 8%, year over year to $8.32 billion. Financial Condition – June 30, 2024, Compared with March 31, 2024 Total loans expanded $221 million, or 4%, on the linked quarter, led by increases in every loan category. Total line of credit usage was 41.1% as of June 30, 2024, compared to 38.9% as of March 31, 2024, driven by strong production. C&I line of credit usage totaled 30.8% as of June 30, 2024, compared to 27.3% as of March 31, 2024. Total deposits decreased $40 million ...

LOUISVILLE, Ky., May 22, 2024 (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, today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per common share. The dividend, which has been maintained at the prior quarter amount, will be paid on July 1, 2024, to stoc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-13661 STOCK YARDS BANCORP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. ...

Financial Performance - Stock Yards Bancorp reported first quarter earnings of $25.9 million, or $0.88 per diluted share, compared to $29.0 million, or $0.99 per diluted share in the same quarter of 2023[1]. - Net income for Q1 2024 was $25,887 thousand, up 8.1% from $23,944 thousand in Q4 2023[37]. - Net income for Q1 2024 was $25.9 million, compared to $29.0 million in Q1 2023, reflecting a decrease of 10%[32]. Loan and Deposit Growth - Total loans increased by $607 million, or 12%, year-over-year, with a $79 million, or 1%, increase from the previous quarter[4]. - Total loans expanded by $79 million, or 1%, in Q1 2024, driven by growth in nearly every category, particularly commercial real estate[27]. - Total deposits increased by $252 million, or 4%, over the past 12 months, led by growth in interest-bearing demand and time deposits[16]. - Total deposits decreased to $6,559,345 from $6,689,202, a decline of 1.94%[40]. Interest Income and Margin - Net interest income decreased by $3.0 million, or 5%, to $60.1 million compared to the first quarter of 2023, primarily due to rising costs of interest-bearing liabilities[7]. - Total interest income increased by $1.3 million, or 1%, in Q1 2024, with interest income and fees on loans rising by $3.1 million, or 4%[23]. - The net interest margin contracted to 3.20%, down 39 basis points year-over-year, as the cost of funds continued to outpace earning asset yield growth[8]. - The net interest margin, fully tax equivalent, slightly decreased to 3.20% from 3.25% in the previous quarter[40]. Asset Quality - The Company recorded a provision for credit losses of $1.4 million in Q1 2024, down from $6.0 million in Q4 2023[21]. - Provision for credit losses decreased significantly to $1,425 thousand from $2,625 thousand in the same quarter last year, indicating improved asset quality[36]. - Non-performing loans to total loans ratio improved to 0.24% from 0.35% year-over-year, reflecting better loan performance[35]. - Total non-performing assets decreased to $14,100 thousand from $18,960 thousand, a reduction of 25.5% year-over-year[35]. Equity and Capital - The tangible common equity ratio improved to 8.36% at March 31, 2024, compared to 7.74% at March 31, 2023[18]. - Total stockholders' equity to total assets ratio improved to 10.77% from 10.36% in the previous year[38]. - Tangible common equity reached $661,385,000, reflecting an increase of 2.6% from $643,725,000 in the previous quarter[42]. - The ratio of total stockholders' equity to total assets improved to 10.77% from 10.50% in the prior quarter[42]. Non-Interest Income and Expenses - Non-interest income rose by $1.2 million, or 6%, to $23.3 million, driven by strong performance in Wealth Management & Trust, which reached a record $10.8 million[11]. - Non-interest income increased to $23.3 million in Q1 2024, up from $22.0 million in Q1 2023[32]. - Non-interest expenses decreased by $1.1 million, or 2%, to $49.0 million in Q1 2024[25]. Dividends and Shareholder Returns - A quarterly cash dividend of $0.30 per common share was declared in February 2024, paid on April 1, 2024[19]. - Cash dividend declared per share remained stable at $0.30, consistent with the previous quarter[37]. Asset Management - Total assets increased by $455 million, or 6%, year-over-year, reaching $8.12 billion[13]. - The Company’s total assets decreased by $47 million to $8.12 billion as of March 31, 2024[26]. - Total assets under management increased to $7,496 million, up from $7,160 million in the previous quarter, a growth of 4.69%[41].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-13661 STOCK YARDS BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-1137529 (State or other jurisdiction of incorporation or organiza ...

☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-13661 Table of Contents STOCK YARDS BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-1137529 (State or other jurisdiction of incorporation ...