Quarterly ResultJul 29, 2026, 07:35 AM
Stock Yards Bancorp Reports Record Q2 Net Income of $40.1M, EPS $1.31
AI Summary
Stock Yards Bancorp reported record net income of $40.1 million, or $1.31 per diluted share, for the second quarter ended June 30, 2026, significantly surpassing prior periods. This strong performance was fueled by net interest margin expansion, robust credit quality, and record non-interest income, particularly from wealth management and trust services. The May 1st acquisition of Field & Main Bancorp positively impacted operating results, contributing to increased scale and reach. The company also experienced substantial year-over-year growth in total assets, loans, and deposits.
Key Highlights
- Net income reached a record $40.1 million, up 17.9% year-over-year.
- Diluted EPS was $1.31, an increase of 13.9% from Q2 2025.
- Net interest income grew 20% year-over-year to $87.8 million; Net interest margin expanded to 3.84%.
- Non-interest income rose 10% year-over-year to $26.7 million, with WM&T income up 20% to $12.6 million.
- Total assets increased 13% year-over-year to $10.37 billion; total loans grew 15% to $7.88 billion.
- Total deposits increased 13% year-over-year to $8.49 billion.
- The Field & Main Bancorp acquisition added over $800 million in assets and WM&T AUM.
- Tangible common equity to tangible assets ratio was 9.66% as of June 30, 2026.
Price Impact
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