Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 97

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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839

			67

			4

			Legal and professional

			1,088

			1,185

			(97
			)

			(8
			)

			1,995

			2,300

			(305
			)

			(13
			)

			FDIC insurance

			1,260

			1,161

			99

			9

			2,483

			2,273

			210

			9

			Capital and deposit based taxes

			738

			673

			65

			10

			1,438

			1,303

			135

			10

			Intangible amortization

			915

			1,051

			(136
			)

			(13
			)

			1,829

			2,103

			(274
			)

			(13
			)

			Other

			2,496

			2,286

			210

			9

			4,808

			4,755

			53

			1

			Total non-interest expenses

			$
			52,700

			$
			49,109

			$
			3,591

			7
			%
			 
			$
			103,727

			$
			98,070

			$
			5,657

			6
			%

Total non-interest expenses increased $3.6 million, or 7%, and $5.7 million, or 6%, for the three and six month periods ended June 30, 2025 compared to the same periods of 2024. Compensation and employee benefits comprised 61.9% and 62.0% of Bancorp’s total non-interest expenses for the three and six month periods ended June 30, 2025, compared to 60.5% and 61.0% for the same periods of 2024.

Compensation, which includes salaries, incentives, bonuses and stock based compensation, increased $2.6 million, or 11%, and $4.4 million, or 9%, for the three and six month periods ended June 30, 2025, as compared with