earnings
confidence high
sentiment positive
materiality 0.75
Stock Yards Bancorp Q3 net income rises to $29.4M ($1.00 EPS), driven by loan growth and NIM expansion
Stock Yards Bancorp, Inc.
2024-Q3 EPS reported
$2.82
- Net income of $29.4M and diluted EPS of $1.00 vs. $27.1M ($0.92) in Q3 2023.
- Total loans grew $661M (12%) YoY to $6.28B; deposits up $323M (5%) to $6.73B.
- Net interest margin expanded 7 bps linked-quarter to 3.33%; net interest income up 5% QoQ.
- Non-interest income up 8% YoY to $24.8M, with WM&T income up 9% to $10.9M.
- Board increased quarterly cash dividend to $0.31 per share (paid Oct 1, 2024).