secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001171843-24-002161
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SYBT Q1 EPS $0.88, net income $25.9M down 11% YoY; NIM 3.20%, loans +12%, WM&T AUM record $7.5B
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- Diluted EPS $0.88 on net income $25.9M, compared to $0.99 and $29.0M in Q1 2023.
- Net interest margin compressed 39 bps YoY to 3.20%; net interest income $60.1M, down 5%.
- Total loans grew $607M (+12%) YoY to $5.85B; deposit mix shifted to interest-bearing accounts.
- Wealth Management & Trust income record $10.8M (+13% YoY); AUM reached $7.50B.
- Quarterly dividend $0.30/share paid April 1; NIM compression expected to stabilize in Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184324002161/0001171843-24-002161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184324002161/f8k_042324.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002161

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