secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001171843-23-002549
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184323002549/0001171843-23-002549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184323002549/f8k_042523.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002549

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