secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001171843-23-004657
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stock Yards Bancorp Q2 net income $27.7M, EPS $0.94; loans up 12% YoY, deposits slip
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- Net income $27.7M ($0.94 diluted EPS) vs $26.8M ($0.91) in Q2 2022; net interest income $60.9M, up 7% YoY.
- Total loans excl. PPP rose $571M (+12%) YoY and $178M linked quarter; loan production set a record in Q2 2023.
- Total deposits fell $149M (-2%) linked quarter; non-interest bearing deposits declined $79M.
- Net interest margin compressed 17 bps to 3.42% as funding costs outpaced asset yields; credit quality remained strong with past dues at 3-year lows.
- Quarterly cash dividend maintained at $0.29 per share; no share repurchases since 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184323004657/0001171843-23-004657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184323004657/f8k_072523.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004657

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