secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001171843-21-005402
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184321005402/0001171843-21-005402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184321005402/f8k_080221.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-005402

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer