Stock Yds Bancorp Inc Stock Price, News & Analysis

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has appointed Allison J. Donovan to its Boards of Directors, expanding the boards to 14 members. This move aligns with the company's board succession planning and leadership continuity as it prepares for an upcoming mandatory retirement. Donovan brings extensive banking and corporate law expertise, having previously served on another bank's board. She will be part of the Risk Committee and the Nominating and Corporate Governance Committee. Stock Yards Bancorp has $7.55 billion in assets and operates primarily in Kentucky and Indiana.

Stock Yards Bancorp (NASDAQ: SYBT) announced participation in the 2022 Hovde Group Financial Services Conference on November 3-4, 2022. Chairman and CEO Ja Hillebrand, along with EVP and CFO T. Clay Stinnett, will engage in one-on-one meetings with institutional investors. The company, headquartered in Louisville, Kentucky, has $7.55 billion in assets and is the parent of Stock Yards Bank & Trust Company, established in 1904. Management's discussion materials will be available on their website by November 3, 2022.

Stock Yards Bancorp, Inc. (SYBT) reported a record third-quarter net income of $28.5 million, or $0.97 per diluted share, a significant increase from $23.2 million, or $0.87 per diluted share, in Q3 2021. Key factors include a remarkable $213 million organic loan growth and net interest margin expansion to 3.46%. Total assets rose to $7.55 billion, driven by strong loan production amid challenging market conditions. Despite a slight deposit contraction of 1%, non-interest income surged by 41% to $24.9 million, reflecting robust client growth and increased fees.

Stock Yards Bancorp (NASDAQ: SYBT) has been recognized as a “Sm-All Star” by Piper Sandler, highlighting its status as one of the top 35 small-cap banks in the U.S. for 2022. The analysis evaluated 362 banks, with SYBT distinguished for its outstanding growth, profitability, credit quality, and capital strength. This is the fifth time SYBT has received this honor, reflecting a market cap of $2.015 billion and significant year-over-year growth in earnings per share, loans, and deposits.

Stock Yards Bancorp, Inc. (NASDAQ: SYBT), based in Louisville, Kentucky, will attend the Raymond James U.S. Bank Conference on September 7, 2022. CEO Ja Hillebrand and CFO T. Clay Stinnett will participate in one-on-one meetings with institutional investors during the event. The discussion materials will be available on the company's website www.syb.com before the conference date. Stock Yards Bancorp has $7.6 billion in assets and operates under the SYBT ticker on NASDAQ.

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has announced an increase in its cash dividend to $0.29 per common share, payable on October 3, 2022, to shareholders on record as of September 19, 2022. This marks the 15th increase in quarterly dividends since 2012, leading to a cumulative increase of 118%. CEO James A. Hillebrand emphasized the firm's strong earnings and capital position as driving factors behind this decision, reflecting confidence in the company's performance and growth opportunities.

Stock Yards Bancorp (SYBT) reported strong second-quarter results for 2022, achieving net income of $26.8 million ($0.91 per diluted share), a significant increase from $4.2 million ($0.17 per diluted share) in Q2 2021. This growth was driven by organic loan expansion of $64 million and a 37% rise in net interest income, totaling $57 million. Non-interest income also surged by 39% to $21.9 million, showcasing robust performance in wealth management and trust services. Despite a slight decrease in deposits and tangible common equity, the company remains well-capitalized with strong asset quality.

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has declared a quarterly cash dividend of $0.28 per common share, maintaining the previous quarter's amount. The dividend will be paid on July 1, 2022, to stockholders of record by June 20, 2022. With assets totaling $7.78 billion, Stock Yards Bancorp operates primarily in Kentucky and parts of Indiana and Ohio. The company was established in 1988 and is the parent of Stock Yards Bank & Trust Company, founded in 1904.

Stock Yards Bancorp, trading under SYBT, is set for a series of meetings with institutional investors in Boston on May 12, 2022. Philip S. Poindexter, President, and T. Clay Stinnett, EVP and CFO, will lead these discussions. The company, incorporated in 1988 and with assets totaling $7.78 billion, is the parent of Stock Yards Bank & Trust Company. Management's presentation materials will be available on the company's investor webpage, www.syb.com, before the meetings.