Stock Yards Bancorp Reports Record First Quarter Earnings of $22.7 Million or $0.99 per Diluted Share
Stock Yards Bancorp, Inc. (SYBT)
Last stock yards bancorp, inc. earnings: 4/22 07:00 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
LOUISVILLE, Ky., April 21, 2021 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, today reported record earnings for the first quarter ended March 31, 2021. Net income for the first quarter increased 72% to $22.7 million, or $0.99 per diluted share, compared with net income of $13.2 million, or $0.58 per diluted share, for the first quarter of 2020. Strong core deposit growth, as well as significant fee and interest income from the Small Business Administration's (“SBA”) Paycheck Protection Program (“PPP”), contributed to record profitability for the quarter. (dollar amounts in thousands, except per share data)1Q214Q201Q20Net interest income$37,825 $36,252 $32,446 Provision for credit loss expense(6) (1,475) 500 5,925
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News
- Institutional investors may adopt severe steps after Stock Yards Bancorp, Inc.'s (NASDAQ:SYBT) latest 5.2% drop adds to a year losses [Yahoo! Finance]Yahoo! Finance
- Stock Yards Bancorp, Inc. (NASDAQ: SYBT) had its "neutral" rating re-affirmed by analysts at Piper Sandler. They now have a $52.00 price target on the stock.MarketBeat
- Stock Yards Bancorp, Inc. (NASDAQ: SYBT) is now covered by analysts at Hovde Group. They set an "outperform" rating on the stock.MarketBeat
- Polly Announces API Integration with Byte LOS [Yahoo! Finance]Yahoo! Finance
- Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.30 Per Common ShareGlobeNewswire
SYBT
Earnings
- 1/24/24 - Miss
SYBT
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- SYBT's page on the SEC website