Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 72

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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,701,063

			738,347

			13
			%

			Five year Treasury note rate at period end

			3.74
			%

			3.58
			%

			16 bps

			4
			%

			Average five year Treasury note rate

			3.80
			%

			3.80
			%

			(0) bps

			0
			%

			Prime rate at period end

			7.25
			%

			8.00
			%

			(75) bps

			-9
			%

			Average Prime rate

			7.46
			%

			8.44
			%

			(98) bps

			-12
			%

			One month term SOFR at period end

			4.13
			%

			4.85
			%

			(72) bps

			-15
			%

			Average one month term SOFR

			4.29
			%

			5.22
			%

			(93) bps

			-18
			%

*See table titled, "Average Balance Sheets and Interest Rates (FTE)" for detail of Net interest income (FTE). 

62

			(dollars in thousands)

			Variance

			As of and for the nine months ended September 30, 

			2025

			2024

			$/bp 

			% 

			Net interest income

			$
			221,062

			$
			187,071

			$
			33,991

			18
			%

			Net interest income (FTE)*

			221,315

			187,344

			33,971

			18
			%

			Net interest spread (FTE)*

			2.86
			%

			2.52
			%

			34 bps

			13
			%

			Net interest margin (FTE)*

			3.52
			%

			3.26
			%

			26 bps

			8
			%

			Average interest earning assets