secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001171843-22-000486
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stock Yards Bancorp posts record 2021 net income $74.6M; Q4 EPS $0.92 vs $0.78 YoY
--------------------------------------------------------------------------------

- Net income Q4 2021: $24.6M ($0.92 diluted EPS) vs $17.7M ($0.78) in Q4 2020; full-year record $74.6M ($2.97) vs $58.9M ($2.59).
- Total assets grew 44% YoY to $6.65B; loans (ex-PPP) up 35% YoY; deposits up 45% YoY. Record non-interest income of $18.6M (+36% YoY).
- Merger with Commonwealth Bancshares expected to close in Q1 2022; adds $1.31B assets, 15 branches. Regulatory approvals received from KY DFI and FDIC.
- Allowance for credit losses released by $1.9M in Q4 due to improving economic forecast; NIM compressed to 3.07%.
- Quarterly dividend declared $0.28 per share (unchanged); no share repurchases in 2021; ~741K shares remain under buyback plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184322000486/0001171843-22-000486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184322000486/f8k_012522.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-000486

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