other material
confidence high
sentiment neutral
materiality 0.35
SYBT files audited financials of acquired Commonwealth Bancshares; pro forma statements filed
Stock Yards Bancorp, Inc.
- Commonwealth reported total assets of $1.306B and deposits of $1.158B at Dec 31, 2021.
- Commonwealth net income was $23.2M for 2021, up from $18.7M for 2020.
- Pro forma condensed combined balance sheet and income statement for SYBT as if merger occurred Dec 31, 2021 are included in Exhibit 99.2.
- Merger with Commonwealth closed on March 7, 2022, as previously reported.