secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001171843-22-002841
Event type: earnings
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stock Yards Bancorp Reports Q1 2022 Net Income of $7.9M; Completes Commonwealth Bancshares Acquisition
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- Net income $7.9M ($0.29/diluted share) includes $19.5M merger expenses and $4.4M credit loss expense on acquired loans.
- Completed acquisition of Commonwealth Bancshares on March 7, adding $1.34B in assets, $632M loans, $1.12B deposits.
- Organic loan growth (excluding PPP and acquired loans) totaled $118M, strongest first quarter in company history.
- Record non-interest income: wealth management/trust $8.5M, card income $4.1M, treasury management $1.9M.
- Tangible book value per share decreased to $17.92 from $20.09 due to acquisition and $50M decline in AOCI from rate increases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184322002841/0001171843-22-002841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184322002841/f8k_042622.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-002841

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