m_and_a
confidence high
sentiment positive
materiality 0.80
Stock Yards to acquire Field & Main for ~$106M in stock, expand in Western KY
Stock Yards Bancorp, Inc.
- All-stock deal valued at $105.7M; 0.6550 SYBT shares per Field & Main share ($44.55 implied price).
- Field & Main: $861M assets, $652M loans, $781M deposits, $800M trust AUM as of Dec 31, 2025.
- Pro forma combined: $10.4B assets, 81 branches; expected Q2 2026 close subject to approvals.
- Deal expected 5.7% EPS accretive after cost saves; TBV dilution ~0.9%, earnback ~0.9 years.
- Field & Main CEO Scott Davis to join Stock Yards board post-closing.
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