Stock Yards Bancorp Q1 FY26 net income rises 10% to $36.6 million; NIM widens 19 bps to 3.65%
Stock Yards Bancorp, Inc. SYBT | 0.00 |
- Stock Yards Bancorp posted net income of $36.6 million for quarter ended March 31, 2026, up 10%, with diluted EPS rising 10% to $1.24.
- Net interest income (FTE) climbed 11% to $78.52 million as net interest margin widened 19 basis points to 3.65%.
- Non-interest income increased 7% to $24.59 million, including a $479,000 gain on sale of a former branch location, while non-interest expenses rose 8% to $55.24 million.
- Total loans increased $580 million, or 9%, versus March 31, 2025, while deposits grew $463 million, or 6%; assets under management totaled $7.60 billion at March 31, 2026.
- Provision for credit losses on loans rose to $1.63 million from higher loan growth, with allowance for credit losses on loans up 5% to $93.6 million.
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