---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002549"
form_type: "8-K"
ticker: "SYBT"
cik: "0000835324"
company_name: "Stock Yards Bancorp, Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:44:16.628331+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-002549
- form_type: 8-K
- ticker: SYBT
- cik: 0000835324
- company_name: Stock Yards Bancorp, Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835324/000117184323002549/0001171843-23-002549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835324/000117184323002549/f8k_042523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002549
- JSON: https://secwatch.observer/filing/0001171843-23-002549.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002549.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/835324/000117184323002549/0001171843-23-002549-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.