Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 70

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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			4.46
			%

			(49) bps

			-11
			%

			Prime rate at period end

			7.50
			%

			8.50
			%

			(100) bps

			-12
			%

			Average Prime rate

			7.50
			%

			8.50
			%

			(100) bps

			-12
			%

			One month term SOFR at period end

			4.33
			%

			5.34
			%

			(101) bps

			-19
			%

			Average one month term SOFR

			4.32
			%

			5.33
			%

			(101) bps

			-19
			%

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

63

			(dollars in thousands)

			Variance

			As of and for the six months ended June 30,

			2025

			2024

			$/bp 

			% 

			Net interest income

			$
			144,025

			$
			122,092

			$
			21,933

			18
			%

			Net interest income (FTE)*

			144,196

			122,279

			21,917

			18
			%

			Net interest spread (FTE)*

			2.85
			%

			2.50
			%

			35 bps

			14
			%

			Net interest margin (FTE)*

			3.50
			%

			3.23
			%

			27 bps

			8
			%

			Average interest earning assets

			$
			8,317,552

			$
			7,613,591

			$
			703,961

			9
			%

			Average interest bearing liabilities

			6,269,701

			5,566,338

			703,363

			13
			%

			Five year