Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 64

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 real estate lending, treasury management services, merchant services, international banking, correspondent banking and other banking services. The Bank also offers securities brokerage services via its banking center network through an arrangement with a third party broker-dealer in the Commercial Banking segment. 

WM&T provides investment management, financial & retirement planning and trust & estate services, as well as retirement plan management for businesses and corporations in all markets in which Bancorp operates. The magnitude of WM&T revenue distinguishes Bancorp from other community banks of similar asset size.

			Overview – Operating Results (FTE)

The following table presents an overview of Bancorp’s financial performance for the three months ended June 30, 2025 and 2024:

			(dollars in thousands, except per share data)

			Variance

			Three months ended June 30,

			2025

			2024

			$/bp 

			%

			Net income

			$
			34,024

			$
			27,598

			$
			6,426

			23
			%

			Diluted earnings per share

			$
			1.15

			$
			0.94

			$
			0.21

			22
			%

			ROA

			1.52
			%

			1.35
			%

			17 bps

			13
			%

			ROE

			13.91
			%

			12.64
			%

			127 bps

			10
			%

Additional discussion follows under the section titled “Results of Operations.”

General highlights for the three months ended June 30, 2025 compared to June 30, 2024:

			●

			Net income totaled $34.0 million for the three months ended June 30, 2025, resulting in diluted EPS of $1.15, compared to net income of $27.6 million for the three months ended June 30, 2024, which resulted in diluted EPS of $0.94.

			●

			Total loans increased $779 million, or 13%, compared to June 30, 2024, attributed largely to growth in the CRE segment as well as C&I lines of credit and residential real estate. Average loans increased $773 million, or 13%, for the three