Quarterly ResultJul 29, 2026, 07:36 AM
Stock Yards Bancorp Reports Record Q2 EPS $1.31; Completes Acquisition
AI Summary
Stock Yards Bancorp, Inc. reported record earnings for the second quarter ended June 30, 2026, with net income of $40.1 million, or $1.31 per diluted share, significantly up from the prior year. The strong performance was driven by net interest margin expansion, robust non-interest income, and the successful completion of the Field & Main Bancorp acquisition on May 1st. The acquisition added over $800 million in bank assets and wealth management & trust assets under management, contributing to the company's expanded scale and reach.
Key Highlights
- Reported record Q2 2026 net income of $40.1 million, up 17.9% from Q2 2025.
- Diluted EPS was $1.31 for Q2 2026, an increase of 13.9% compared to $1.15 in Q2 2025.
- Net interest income grew 19.5% to $87.8 million in Q2 2026, with net interest margin expanding to 3.84%.
- Completed the acquisition of Field & Main Bancorp on May 1, adding over $800 million in assets and AUM.
- Total assets increased 12.6% year-over-year to $10.37 billion as of June 30, 2026.
- Wealth management & trust income reached a record $12.6 million, a 20% increase from Q2 2025.
- No provision for credit losses recorded in Q2 2026, compared to $2.2 million in Q2 2025.
- Declared a quarterly cash dividend of $0.32 per common share.
Price Impact
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