Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 96

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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, or 49%, for the three and six month periods ended June 30, 2025 compared with the same periods of 2024. The increases for the current year stemmed largely from recording $577,000 of swap fees during the second quarter of this year, and to a lesser extent, appreciation within insurance policies held outside of Bancorp’s traditional BOLI policies.

Non-interest Expenses

			Three months ended June 30, 

			Six months ended June 30,

			(dollars in thousands)

			2025

			2024

			$ Variance

			% Variance

			2025

			2024

			$ Variance

			% Variance

			Compensation

			$
			27,279

			$
			24,634

			$
			2,645

			11
			%
			 
			$
			53,211

			$
			48,855

			$
			4,356

			9
			%

			Employee benefits

			5,330

			5,086

			244

			5

			11,115

			10,962

			153

			1

			Net occupancy and equipment

			4,025

			3,819

			206

			5

			8,148

			7,489

			659

			9

			Technology and communication

			4,773

			4,894

			(121
			)

			(2
			)

			9,601

			9,963

			(362
			)

			(4
			)

			Debit and credit card processing

			1,908

			1,811

			97

			5

			3,727

			3,557

			170

			5

			Marketing and business development

			1,951

			1,596

			355

			22

			3,466

			2,671

			795

			30

			Postage, printing and supplies

			937

			913

			24

			3

			1,906

			1,