Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 67

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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	1.82

			$
			0.46

			25
			%

			ROA

			1.52
			%

			1.31
			%

			21 bps

			16
			%

			ROE

			14.03
			%

			12.37
			%

			166 bps

			13
			%

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

General highlights for the six months ended June 30, 2025 compared to June 30, 2024:

			●

			Net income totaled $67.3 million for the six months ended June 30, 2025, resulting in diluted EPS of $2.28, compared to net income of $53.5 million for the six months ended June 30, 2024, which resulted in diluted EPS of $1.82.

			●

			Total loans increased $779 million, or 13%, compared to June 30, 2024, attributed largely to growth in the CRE segment as well as C&I lines of credit and residential real estate. Average loans increased $781 million, or 13%, for the six months ended June 30, 2025 compared to the same period of the prior year.

			●

			Bancorp’s ACL on loans increased $8.6 million, or 10%, compared to June 30, 2024. The increase over the past 12 months was attributed to significant loan growth, slight deterioration within the unemployment forecast and increased specific reserves, which were only partially offset by annual CECL model updates.

			o

			Provision for credit losses on loans totaled $3.2 million for the six months ended June 30, 2025, compared to $2.3 million for the six months ended June 30, 2024.

			●

			Deposit balances increased $938 million, or 14%, compared to June 30, 2024, most notably by growth in time deposits tied to the success of competitive CD offerings.

			●

			Net interest income (FTE) totaled $144.2 million for the six months ended June 30, 2025, representing an increase of $21.9 million, or 18%, compared to the six months ended June 30, 2024.

			o