Stock Yards Bancorp Inc (SYBT) News & EventsSYBTNews & EventsStock Yards Bancorp Inc

Stock Yards Bancorp Increases Quarterly Cash Dividend to 33 Cents

Stock Yards Bancorp announced that its board of directors increased its quarterly cash dividend to 33c per common share. The dividend will be paid on October 1 to stockholders of record as of September 21.

Company Reports Q1 Revenue of $103.11M

Reports Q1 revenue $103.11M, consensus $103.09M. Reports Q1 book value per share $37.37. Reports Q1 CET1 capital ratio 11.95%. "We entered 2026 with strong momentum coming off the best year in the Company's history, and our first quarter operating results reflect that," commented James Hillebrand, chairman and CEO. "Loan growth stood out in terms of both volume and credit quality, and that combination of growth and discipline continues to be a core focus for our team. Our Central Kentucky market crossed the $1 billion threshold for total loans this quarter, demonstrating our ability to enter new markets and replicate the full-service, community banking business model that has been the staple of our success. After entering this market through acquisition in 2021, Central Kentucky has continued to contribute to the growth we've experienced not only within the loan portfolio, but across our entire business. Equally noteworthy was the performance across our non-interest income categories. Our WM&T division delivered record revenue during the first quarter, while card income and treasury management fees continue to provide meaningful contributions, further solidifying non-interest income as a significant driver of our results."

Stock Yards Bancorp Signs Agreement to Acquire Field & Main for Approximately $105.7 Million

Stock Yards Bancorp announced the signing of a definitive agreement to acquire Field & Main Bancorp. The all stock transaction is expected to close during the second quarter of 2026, subject to approval of Field & Main shareholders and completion of customary regulatory approval and closing conditions. Under the terms of the merger agreement, Field & Main shareholders will have the right to receive 0.6550 shares of Stock Yards common stock for each share of Field & Main common stock, with total consideration to consist of 100% stock. Based upon the closing price of Stock Yards' common stock of $68.01 on January 26, 2026, the implied per share purchase price is $44.55, with an aggregate transaction value of approximately $105.7M. The transaction is expected to be 5.7% accretive to Stock Yards' earnings per share once cost savings are fully phased in. In addition, tangible book value dilution is expected to be approximately 0.9% and be earned back in approximately 0.9 years. Post-closing, Stock Yards capital ratios are expected to exceed "well-capitalized" levels.