Stock Yards Bancorp, Inc. has recently released its 10-Q report, which reveals key insights into the company's performance. Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company, providing various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T, offering a range of loan and deposit products, investment management, financial and retirement planning, and trust and estate services.
In the Management’s Discussion and Analysis of Financial Condition and Results of Operations section, Stock Yards Bancorp, Inc. disclosed that its net income for the three months ended June 30, 2025, was $34.0 million, resulting in diluted earnings per share of $1.15, a significant increase compared to the same period in 2024. The company reported growth in total loans, deposit balances, and net interest income, driven by significant average earning asset growth and a decline in the cost of total interest-bearing liabilities. The efficiency ratio improved to 53.83% compared to 57.26% for the same period in 2024, attributed to strong net interest income growth outpacing non-interest expenses.
For the six months ended June 30, 2025, Stock Yards Bancorp, Inc. reported a net income of $67.3 million, resulting in diluted earnings per share of $2.28, compared to $53.5 million for the same period in 2024. The company's Return on Assets (ROA) and Return on Equity (ROE) also showed improvement, standing at 1.52% and 14.03%, respectively, for the six months ended June 30, 2025.
Following these announcements, the company's shares moved -0.16%, and are now trading at a price of $73.78. For more information, read the company's full 10-Q submission here.
