Stock Yards Bancorp Q1 profit rises on loan growth, margin expansion

Stock Yards Bancorp

22/04/2026 12:39

Overview

US regional bank's Q1 net income and EPS rose yr/yr on loan growth and margin expansion

Company reported record wealth management and trust revenue in Q1 2026

Company signed agreement to acquire Field & Main Bancorp, expanding into Western Kentucky

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

LOAN GROWTH - Broad-based loan growth across all markets, led by commercial real estate and commercial and industrial segments, contributed to higher net interest income

MARGIN EXPANSION - Net interest margin expanded due to lower interest-bearing deposit costs and use of investment portfolio liquidity to fund higher-yielding loan growth

WEALTH MANAGEMENT & TRUST - Record revenue from wealth management and trust services, along with higher treasury management and card fees, supported non-interest income growth

Company press release: ID:nGNX7XFbSJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.24
Q1 Net Income
$36.6 mln
Q1 Net Interest Income
$78.42 mln
Q1 Credit Loss Provision
$1.63 mln
Q1 Dividend
$0.32


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "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 $75.00, about 6.4% above its April 21 closing price of $70.47

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)