Stock Yards Bancorp Q1 net income $29.0M ($0.99 EPS); loan growth 10% ex-PPP

Stock Yards Bancorp, Inc.

2023-Q1 EPS reported $0.99

Net income $29.0M ($0.99 diluted EPS) vs $7.9M ($0.29) in Q1 2022 which included $19.5M merger costs.
Loans ex-PPP grew $456M or 10% YoY; NIM 3.59%, down 5 bps linked quarter but up 48 bps YoY.
Total deposits $6.36B, down $34M linked quarter but core deposits (ex-public funds) up $36M.
Wealth management & trust income record $9.5M, up 16% YoY; treasury management fees up 22%.
Tangible common equity ratio 7.74%, well-capitalized; dividend $0.29/share paid Apr 3, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Stock Yards Bancorp, Inc. reported the first quarter ended March 31, 2023 results: net income $29.0 million, or $0.99 per diluted share, EPS $0.99 per diluted share.

Period: the first quarter ended March 31, 2023
Net income: $29.0 million, or $0.99 per diluted share
EPS: $0.99 per diluted share
Result: reported results

Exact text from the filing

X-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Stock Yards Bancorp Reports Solid First Quarter Earnings of $29.0 Million or $0.99 per Diluted Share Results Highlighted by Steady Organic Loan Growth and Strong Capital Position LOUISVILLE, Ky., April 26, 2023 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc.

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Source: SEC EDGAR

accession 0001171843-23-002549

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