Welcome to our dedicated page for Stock Yds Bancorp news (Ticker: SYBT), a resource for investors and traders seeking the latest updates and insights on Stock Yds Bancorp stock.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) is the parent company of Stock Yards Bank & Trust Company, a commercial bank established in 1904 and based in Louisville, Kentucky. This news page aggregates press releases and market updates related to the company’s commercial banking and wealth management activities across its Kentucky, Indiana and Ohio markets.
News about Stock Yards Bancorp often centers on quarterly and annual earnings, where the company discusses themes such as loan and deposit growth, net interest margin trends, credit quality metrics, and contributions from non-interest income sources like Wealth Management & Trust, treasury management, mortgage banking, brokerage and card income. These releases provide detail on how the Commercial Banking and Wealth Management & Trust segments are performing across the company’s regional footprint.
Investors and followers of SYBT can also find updates on dividend declarations and increases, including Board decisions to raise the quarterly cash dividend. Additional news items cover leadership and governance changes, such as the appointment of new directors, executive officers, market presidents and senior credit and lending leaders, as well as the engagement of a new independent registered public accounting firm.
Because Stock Yards Bancorp operates with offices in Louisville, central, eastern and northern Kentucky and in the Indianapolis and Cincinnati metropolitan markets, local expansion initiatives and new branch openings may also appear in company announcements. For anyone tracking SYBT stock, this page offers a centralized view of the company’s official communications, financial results commentary and strategic updates over time.
Stock Yards Bancorp, parent company of Stock Yards Bank & Trust, announced participation in the Janney West Coast CEO Forum from February 1 to February 3, 2023. CEO Ja Hillebrand and CFO T. Clay Stinnett will engage in meetings with institutional investors during this event.
Management discussion materials will be available on the company’s investor website on or before February 1, 2023. Stock Yards Bancorp, based in Louisville, Kentucky, has approximately $7.50 billion in assets and trades under the symbol SYBT on NASDAQ.
Stock Yards Bancorp (NASDAQ: SYBT) reported record earnings for Q4 2022, with net income rising to $29.8 million ($1.01 per diluted share), a significant increase from $24.6 million ($0.92 per share) in Q4 2021. Key drivers included strong organic loan growth of $134 million and an expanded net interest margin (NIM) of 3.64%. Total net interest income reached $65.3 million, a 41% increase year-over-year. Despite a decline in total deposits by $110 million, total assets rose to $7.50 billion, reflecting continued strong performance across various loan categories and solid capital levels.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) announced a quarterly cash dividend of $0.29 per common share, set for payment on December 30, 2022. This dividend will benefit stockholders on record as of December 19, 2022. The company, based in Louisville, Kentucky, boasts assets totaling $7.55 billion and operates primarily in the Kentucky and Indiana markets, with its shares traded on NASDAQ.
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.