SYBT News & Events

Reports Tangible common equity per share $29.50 on December 31, 2025, compared to $28.30 on September 30, 2025, and $24.82 on December 31, 2024. "2025 was a banner year for Stock Yards, reflecting exceptional performance with record earnings for the fourth quarter and the full year," commented James A. Hillebrand, Chairman and CEO. "We delivered solid loan growth during this quarter, our seventh consecutive quarter of growth across all markets, which demonstrates the strength of our franchise. Loan production exceeded 2024 levels, reflecting that our origination engine is performing exceptionally well and our customer relationships remain strong. While year over year loan growth came in at 8%, marking the first time in 4 years below double digits, this remains well above peer averages and reflects healthy portfolio dynamics as we navigate a normalizing credit environment. The elevated payoff activity we experienced in the second half of the year was driven by a back-log of stabilized construction projects that refinanced with permanent lenders, reflecting expected payoffs from successful projects as opposed to customer attrition. Credit quality remains strong and stable, underpinned by our disciplined underwriting approach and proactive portfolio management. These results reflect our consistent execution and commitment to sustainable growth as we enter 2026."

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.

Stock Yards Bancorp announced that William Otten will be promoted to Executive Vice President and Chief Credit Officer of Stock Yards Bancorp and Stock Yards Bank & Trust Company, effective April 1, 2026. This promotion follows William Dishman's decision to transition from his current role as Executive Vice President and Chief Credit Officer to Senior Credit Advisor on April 1, 2026, before retiring completely on October 15, 2026.