---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-21-005402"
form_type: "8-K"
ticker: "SYBT"
cik: "0000835324"
company_name: "Stock Yards Bancorp, Inc."
filed_at: "2021-08-03T23:59:59+00:00"
generated_at: "2026-06-29T23:38:53.526210+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Stock Yards Bancorp to acquire Commonwealth Bancshares for ~$153M

## Summary
- Commonwealth shareholders receive 0.9267 SYBT shares + $11.20 cash per share; implied price $55.35 based on SYBT close of $47.64.
- Combined entity: ~$7.4B assets, $4.9B loans, $6.4B deposits, $7.0B trust AUM; #1 Kentucky community bank.
- Expected Q4 2021 close; EPS accretion ~12% in 2023; tangible book value earnback <2 years (crossover method).
- Commonwealth: $1.3B assets, $733M loans, $1.1B deposits, $86M tangible common equity, $2.6B wealth AUM (June 30, 2021).
- Adds 16 branches (Louisville, Shelby, Northern Kentucky); combined will operate 79 branches.

## SEC filing metadata
- accession: 0001171843-21-005402
- form_type: 8-K
- ticker: SYBT
- cik: 0000835324
- company_name: Stock Yards Bancorp, Inc.
- filed_at: 2021-08-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835324/000117184321005402/0001171843-21-005402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835324/000117184321005402/f8k_080221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-21-005402
- JSON: https://secwatch.observer/filing/0001171843-21-005402.json
- Plain text: https://secwatch.observer/filing/0001171843-21-005402.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.