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, 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.
Stock Yards Bancorp, Inc. (SYBT) reported a challenging first quarter of 2022 with a net income of $7.9 million, down from $22.7 million year-over-year, mainly due to $19.5 million in merger expenses from the Commonwealth Bancshares acquisition. Despite this, the company achieved significant organic loan growth of 3% and record non-interest income of $19.2 million, primarily from wealth management and trust income. Total assets rose to $7.77 billion, driven by acquisitions and strong market performance. The net interest margin improved slightly, and a cash dividend of $0.28 per share was declared.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has completed its acquisition of Commonwealth Bancshares, Inc., enhancing its market presence in Louisville and expanding into Shelby County and Northern Kentucky. This merger includes Commonwealth Bank & Trust Company's 15 retail branches and aims to bolster Stock Yards' competitive standing as the largest privately-held bank in the Louisville metropolitan area. Customers will see no immediate changes, and both banks will maintain their operations until full integration scheduled for March 28, 2022.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) announced that its merger with Commonwealth Bancshares, Inc. has received necessary regulatory approvals from the Federal Reserve, Federal Deposit Insurance Corporation, and the Kentucky Department of Financial Institutions. The merger is set to close around March 7, 2022. Commonwealth operates 15 retail branches in Kentucky. The merger aims to enhance Stock Yards' market presence, although it carries risks related to integration and market conditions, including impacts from the COVID-19 pandemic.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), headquartered in Louisville, Kentucky, has declared a quarterly cash dividend of $0.28 per common share, consistent with the previous quarter. This dividend will be paid on April 1, 2022, to stockholders of record by March 21, 2022. With total assets of $6.6 billion, Stock Yards Bancorp operates in multiple markets across Kentucky and parts of Indiana and Ohio, a testament to its significant local presence and stability since its establishment in 1988.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) announced participation in the Keefe, Bruyette & Woods’ Winter Financial Services Symposium on February 17-18, 2022. Key executives, including Chairman and CEO Ja Hillebrand and President Phil Poindexter, will engage in one-on-one meetings with institutional investors. The company, which has $6.6 billion in assets, was established in 1988 and operates through Stock Yards Bank & Trust Company, founded in 1904. Discussion materials for the event will be available on the company’s investor website before the symposium.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), based in Louisville, Kentucky, announced participation in the 2022 Janney Bank CEO Forum from February 2-3. Chairman and CEO Ja Hillebrand, along with EVP and CFO T. Clay Stinnett, will engage with institutional investors during the event. The company, established in 1988 and with $6.6 billion in assets, operates Stock Yards Bank & Trust Company, founded in 1904. Management discussion materials will be available on their website by February 2, 2022.
Stock Yards Bancorp (NASDAQ: SYBT) reported a robust fourth quarter for 2021, with net income rising to $24.6 million ($0.92 per diluted share) compared to $17.7 million ($0.78 per diluted share) in Q4 2020. Total assets reached $6.65 billion, fueled by strong organic growth and a successful merger with Kentucky Bancshares. Non-interest income surged 36%, driven by record wealth management and card income. Total loans increased 18%, with notable contributions from the Central/Eastern Kentucky market. The company expects further growth from its upcoming merger with Commonwealth Bancshares.
Stock Yards Bancorp, Inc. (SYBT) has declared a quarterly cash dividend of $0.28 per common share, scheduled for payment on December 31, 2021. This dividend will benefit stockholders of record as of December 20, 2021. With assets totaling $6.2 billion, Stock Yards Bancorp operates in various regions, including Kentucky and parts of Indiana and Ohio. Founded in 1904, its parent company engages in banking and trust services.