Headquartered in Louisville, KY Fiscal year ends December NASDAQ: SYBT syb.com
Stock Yards Bancorp, Inc. is a bank holding company and the parent of Stock Yards Bank & Trust Company, a community bank established in 1904. With $10.26 billion in assets, the company operates 82 branch offices across Kentucky, the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, and following the Field & Main Bancorp acquisition, Western Kentucky and the surrounding region. The company provides full-relationship community banking services including commercial and consumer lending, deposit gathering, wealth management and trust services, treasury management, brokerage, mortgage banking, and card services. Its shares trade on the Nasdaq Stock Market under the symbol SYBT. Updated
Net interest margin expanded to 3.88%, enough to carry earnings past expectations even after merger costs, a card fraud loss, and a credit provision on a defaulted security. The Field & Main acquisition contributed its first full quarter, and management still intends to hold assets under $10 billion through year-end.
Broadcom is sending shareholders about $3.1 billion, at 65 cents a share, with the money arriving September 30. Meta adds another $1.16 billion, and Lamar Advertising, Hamilton Lane and Stock Yards Bancorp round out the day's biggest payers.
Stock Yards Bancorp, Inc. is a bank holding company and the parent of Stock Yards Bank & Trust Company, a community bank established in 1904.
The Wall Street consensus 12-month price target for SYBT is $87.60.