Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 69

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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The following table presents an overview of Bancorp’s financial performance for the nine months ended September 30, 2025 and 2024:

			(dollars in thousands, except per share data)

			Variance

			Nine months ended September 30, 

			2025

			2024

			$/bp 

			%

			Net income

			$
			103,536

			$
			82,845

			$
			20,691

			25
			%

			Diluted earnings per share

			$
			3.51

			$
			2.82

			$
			0.69

			24
			%

			ROA

			1.53
			%

			1.34
			%

			19 bps

			14
			%

			ROE

			14.17
			%

			12.53
			%

			164 bps

			13
			%

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

General highlights for the nine months ended September 30, 2025 compared to September 30, 2024:

			●

			Net income totaled $103.5 million for the nine months ended September 30, 2025, resulting in diluted EPS of $3.51, compared to net income of $82.8 million for the nine months ended September 30, 2024, which resulted in diluted EPS of $2.82.

			●

			Total loans increased $651 million, or 10%, compared to September 30, 2024, attributed largely to growth in the CRE segment, with the residential real estate, C&I lines of credit and C&D segments also experiencing solid growth. Average loans increased $754 million, or 13%, for the nine months ended September 30, 2025 compared to the same period of the prior year.

			●

			Bancorp’s ACL on loans increased $6.8 million, or 8%, compared to September 30, 2024. The increase over the past 12 months was attributed to significant loan growth, changes within the FRB’s national unemployment forecast and increased specific reserves, which were only partially offset by annual CECL model updates.

			○

			Provision for credit losses on loans