Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 76

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 76
---
 average rate earned on total average interest earning assets climbed 29 bps to 5.49%.

			●

			Average total loan balances increased $781 million, or 13%, for the six months ended June 30, 2025, compared to the same period of 2024. While the CRE category drove a significant portion of the period over period growth, C&I lines of credit and residential real estate also experienced strong growth.

			●

			Average investment securities declined $139 million, or 9%, for the six months ended June 30, 2025 compared to the same period of 2024, mainly as the result of significant scheduled maturities within the treasury portfolio, and to a lesser extent, normal amortization activity. The funding provided by this activity has benefitted interest-earning asset yields and overall NIM, as the low-yielding treasury securities helped fund Bancorp’s substantial loan growth, were reinvested for collateral pledging purposes at higher rates, or shifted into higher-yielding cash balances.

			●

			Average FFS and interest bearing due from bank balances increased $59 million, or 38%, for the six months ended June 30, 2025, which was largely the result of the previously mentioned liquidity provided by the investment securities portfolio.

Total interest income (FTE) increased $29.3 million, or 15%, to $226 million for the six months ended June 30, 2025, as compared to the same period of 2024.

			●

			Interest and fee income (FTE) on loans increased $26.7 million, or 15%, to $202.7 million for the six months ended June 30, 2025, compared to the same period of 2024, driven by significant average loan growth. The yield on the overall loan portfolio increased 12 bps to 6.13% for the six months ended June 30, 2025 compared to 6.01% for the same period of the prior year. The six months ended June 30, 2025 also benefitted from the payoff of a large non-accrual loan during the first quarter, which included approximately $628,000 of interest income.

			●

			Despite the decline in average investment securities, there was a $1.8 million, or 11%, increase in interest income (FTE) on the portfolio for the six months ended June