Stock Yards Bancorp's Q3 profit rises on higher interest income

Stock Yards Bancorp

29/10/2025 11:43

Overview

Stock Yards Bancorp Q3 net income rises to $36.2 mln, driven by loan and deposit growth

Net interest income increased 19% yr/yr, supported by asset growth and yield expansion

Company's deposits grew 14% over the past 12 months, shifting to higher-cost deposits

Outlook

Company expects net interest margin to remain stable despite potential rate cuts

Stock Yards Bancorp plans to open two new locations by year-end

Company sees growth in Wealth Management & Trust segment driven by strategic hires

Result Drivers

LOAN GROWTH - Strong loan production across all markets contributed to record earnings, despite elevated loan payoffs, per CEO James A. Hillebrand

DEPOSIT EXPANSION - Deposit base grew by $918 mln, driven by time deposit initiative and increased non-interest bearing deposits

NON-INTEREST INCOME - Growth in mortgage and brokerage businesses supported non-interest income, despite a decline in WM&T income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$1.23
Q3 Net Income
$36.24 mln
Q3 Net Interest Income
$77.03 mln
Q3 Credit Loss Provision
$1.97 mln
Q3 Dividend
$0.32


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Stock Yards Bancorp Inc is $82.00, about 18.1% above its October 28 closing price of $67.12

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX5tTlFJ

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)