Stock Yards Bancorp Named to Piper Sandler Sm-All Stars: Class of 2024 List for Small-Cap Banks
Rhea-AI Summary
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has been named to Piper Sandler's Sm-All Stars: Class of 2024 list for top-performing small-cap banks and thrifts. The company is one of only 30 banks in the U.S. to receive this recognition, which is based on metrics including growth, profitability, credit quality, and capital strength. This marks the sixth time Stock Yards Bancorp has been included in the list, previously in 2008, 2011, 2019, 2020, and 2022.
James A. Hillebrand, Chairman and CEO, stated that this recognition is a testament to the company's solid foundation for long-term growth and the dedication of the entire Stock Yards team. Stock Yards Bancorp, with $8.32 billion in assets, is the parent company of Stock Yards Bank & Trust Company, established in 1904. The company operates in Louisville, central, eastern, and northern Kentucky, as well as Indianapolis, Indiana, and Cincinnati, Ohio metropolitan markets.
Positive
- Named to Piper Sandler's Sm-All Stars: Class of 2024 list, recognizing top-performing small-cap banks
- One of only 30 banks in the U.S. to receive this recognition
- Sixth time being included in the Piper Sandler Sm-All Stars list
- $8.32 billion in assets
Negative
- None.
News Market Reaction – SYBT
In the trading session that priced this news, SYBT declined 2.90%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Regional community bank ranks among top performers nationwide as analyzed by Piper Sandler
LOUISVILLE, Ky., Oct. 01, 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, is one of only 30 banks in the U.S. to be named a “Sm-All Star” in Piper Sandler’s annual list of top-performing small-cap banks and thrifts. Piper Sandler, an independent investment bank and research firm, analyzed banks and thrifts nationwide to select the “Class of 2024.” This elite annual list reflects the top banks and thrifts in the industry across a number of metrics including growth, profitability, credit quality and capital strength.
“We are honored to be recognized by Piper Sandler as one of the top performing community banks in the nation, a testament to the solid foundation we have built to generate long term growth,” said James A. (Ja) Hillebrand, Chairman and Chief Executive Officer. “Being named to this prestigious group is a noteworthy recognition of the hard work and dedication of the entire Stock Yards team.”
Stock Yards Bancorp has been named to Piper Sandler’s Sm-All Stars list six times in 2008, 2011, 2019, 2020, 2022 and 2024.
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with
| Contact: | T. Clay Stinnett |
| Executive Vice President, Treasurer | |
| and Chief Financial Officer | |
| (502) 625-0890 |
