Stock Yards Bancorp Q2 net income $26.8M ($0.91 EPS), up from $4.2M a year ago

Stock Yards Bancorp, Inc.

2022-Q2 EPS reported $1.22

Net income $26.8M, diluted EPS $0.91 vs $0.17 in Q2 2021 (prior year included $18.1M merger costs).
Net interest income $57.0M (+37% YoY); net interest margin 3.20% (+9 bps linked quarter).
Non-interest income $21.9M, a record (+39% YoY), driven by wealth management, card, and treasury fees.
Loans (ex-PPP) grew $64M linked quarter; total deposits $6.55B, down $196M linked quarter.
Declared $0.28 per share cash dividend, paid July 1, 2022; tangible book value $17.59 per share.

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