Stock Yards Bancorp Q3 net income $27.1M ($0.92 EPS); loans up 11% YoY; dividend raised to $0.30

Stock Yards Bancorp, Inc.

2023-Q3 EPS reported $2.86

Net income $27.1M ($0.92 diluted EPS) vs $28.5M ($0.97) in Q3 2022.
Total loans ex-PPP +$559M YoY (+11%); linked-quarter loan growth $201M (+4%).
Net interest margin 3.34%, down 12 bps YoY; net interest income $61.3M, down 2% YoY.
Non-interest income $22.9M, down 8% YoY, including $302K gains on premises sales vs $3.1M a year ago.
Dividend raised to $0.30 per share; paid Oct 2. Tangible common equity $20.17 per share.

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 0.9

Stock Yards Bancorp, Inc. reported the third quarter ended September 30, 2023 results: net income $27.1 million, EPS $0.92 per diluted share.

Period: the third quarter ended September 30, 2023
Net income: $27.1 million
EPS: $0.92 per diluted share
Result: reported results

Exact text from the filing

Stock Yards Bancorp, Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference, announcing earnings for the three and nine months ended September 30, 2023.

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Stock Yards Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-23-006375

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