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

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

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