Stock Yards Bancorp Q2 2024 EPS flat at $0.94; record loan growth and NIM expansion

Stock Yards Bancorp, Inc.

2024-Q2 EPS reported $1.82

Net income $27.6M ($0.94 diluted EPS), compared to $27.7M ($0.94) in Q2 2023.
Total loans grew record $221M (4% linked quarter) to $6.07B; C&I loans led with $63M increase.
Net interest margin expanded 6 bps to 3.26% from prior quarter, first expansion in six quarters.
WM&T and Treasury management fees reached quarterly records at $10.8M and $2.8M respectively.
Quarterly cash dividend of $0.30 per share declared; paid July 1, 2024.

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