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), headquartered in Louisville, Kentucky, announced its participation in the 2021 Hovde Group Financial Services Conference from November 3rd to 5th. CEO Ja Hillebrand and CFO T. Clay Stinnett will engage with institutional investors during this event. The company, established in 1988 with $6.2 billion in assets, operates Stock Yards Bank & Trust Company, founded in 1904. Relevant management discussion materials will be available on their investor website by November 3, 2021.
Stock Yards Bancorp (SYBT) reported a strong third quarter, ending September 30, 2021, with net income of $23.2 million, or $0.86 per diluted share, up from $14.5 million, or $0.64 per diluted share, in Q3 2020. The results were driven by robust organic loan growth of $128 million and record operating income, fueled by wealth management and trust services. Total assets increased by $1.8 billion to $6.2 billion, while total deposits rose by $1.6 billion, reflecting continued strong financial performance.
Stock Yards Bancorp, parent company of Stock Yards Bank & Trust Company, announced participation in the Stephens 2021 Bank Forum on September 22, 2021. President Phil Poindexter and CFO T. Clay Stinnett will engage in virtual meetings with institutional investors. Relevant discussion materials will be available on the company’s website by that date. Based in Louisville, Kentucky, Stock Yards Bancorp holds $6.1 billion in assets and has been operational since 1988, with common shares trading on NASDAQ under the symbol SYBT.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) announced that Chairman and CEO James A. Hillebrand, along with CFO T. Clay Stinnett, will attend the Raymond James 2021 Virtual U.S. Bank Conference on September 8-9, 2021. They will engage in virtual meetings with institutional investors on September 8. Management materials for the conference will be available on the company’s investor website by the same date. Based in Louisville, Kentucky, Stock Yards Bancorp has $6.1 billion in assets and has been operating since 1988.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has announced an increase in its cash dividend to $0.28 per common share, payable on October 1, 2021, to stockholders of record as of September 20, 2021. This marks the 14th increase since 2012, with a cumulative increase of 110%. The decision follows the completed acquisition of Kentucky Bancshares and the announcement of the Commonwealth Bancshares acquisition, reflecting the company's strong performance and solid capital position.
Stock Yards Bancorp has announced its agreement to acquire Commonwealth Bancshares, creating Kentucky's premier community banking franchise. The deal, valued at approximately $153 million, comprises 80% stock and 20% cash. Upon completion, expected in Q4 2021, the combined entity will manage around $7.4 billion in assets and include 79 branches. The merger aims to enhance wealth management capabilities by adding $2.6 billion in trust assets, positioning Stock Yards as the largest bank-owned trust company in Kentucky.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) will participate in the Keefe, Bruyette & Woods’ Virtual Community Bank Investor Conference from August 3rd to 5th, 2021. CEO James A. Hillebrand and CFO T. Clay Stinnett will hold one-on-one meetings with institutional investors on August 4th. The conference materials will be available on the company’s investor relations website by August 4th. With $6.1 billion in assets, Stock Yards Bancorp is a key player in the Kentucky and Cincinnati banking markets.
Stock Yards Bancorp, Inc. (SYBT) reported a net income of $4.2 million ($0.17 per diluted share) for Q2 2021, down from $13.4 million ($0.59 per share) in Q2 2020. The quarter included $18.1 million in merger expenses from the Kentucky Bancshares acquisition, which added $1.3 billion in assets. Non-interest income reached a record $15.8 million, driven by strong wealth management and card income. Despite merger-related costs, strong organic loan growth of $81 million (3% QoQ) and a 25% YoY increase in non-interest income were noted. The company maintains a strong capital position with a tangible common equity ratio of 8.57%.
Stock Yards Bancorp (SYBT) has completed its acquisition of Kentucky Bancshares, enhancing its presence in central and eastern Kentucky. This merger integrates Kentucky Bank's 19 branches into Stock Yards, offering expanded lending capabilities and broader product offerings. Chairman James A. Hillebrand emphasized the merger's potential for solid growth opportunities and a platform for future expansion. Stock Yards, with assets of $4.8 billion, aims to leverage this acquisition for greater market reach and improved service delivery.
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has declared a quarterly cash dividend of $0.27 per share, consistent with the previous quarter. This dividend will be paid on July 1, 2021, to stockholders on record as of June 21, 2021. Additionally, the company extended its stock repurchase plan's expiration to May 2023, having repurchased approximately 259,000 shares at an average cost of $35.41 per share since the plan's initiation in May 2019. The plan allows repurchases without obligation for a specific amount or number of shares.