Stock Yards Bancorp, Inc. ( (SYBT) ) has released its Q2 earnings. Here is a breakdown of the information Stock Yards Bancorp, Inc. presented to its investors.
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Stock Yards Bancorp, Inc., headquartered in Louisville, Kentucky, operates as a bank holding company for Stock Yards Bank & Trust Company, providing a range of banking and financial services across Kentucky, Indiana, and Ohio.
Stock Yards Bancorp reported record earnings for the second quarter of 2025, with net income reaching $34.0 million, or $1.15 per diluted share, marking a significant increase from the previous year. The company’s performance was driven by robust loan growth and an expansion in net interest margin.
Key financial highlights include a 13% year-over-year increase in total loans, amounting to $779 million, and a 14% rise in deposit balances, largely attributed to a successful time deposit campaign. The net interest income saw an 18% increase compared to the previous year, driven by strong asset growth and yield expansion. Non-interest income also rose, with treasury management and brokerage income contributing significantly, despite a slight decline in wealth management and trust services income.
The company maintained strong credit quality metrics, with non-performing loans constituting only 0.26% of total loans. Stock Yards Bancorp’s capital ratios remained robust, and the company was recognized with the Raymond James Community Bankers Cup for its exceptional performance.
Looking ahead, Stock Yards Bancorp remains optimistic about continued growth, focusing on expanding its geographic footprint and maintaining steady net interest margins amidst anticipated deposit competition. The company plans to open new locations in Bardstown, Kentucky, and Liberty Township, Ohio, further enhancing its market presence.