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Stock impact report

Stock Yards Bancorp Reports Second Quarter Earnings of $13.4 Million or $0.59 Per Diluted Share

Stock Yards Bancorp, Inc. (SYBT) 
Last stock yards bancorp, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/100548
Company Research Source: Business Wire
SYBT Reports Record Deposit Growth in a Difficult Operating Environment LOUISVILLE, Ky.--(BUSINESS WIRE)--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 results for the second quarter ended June 30, 2020. Net income for the second quarter was $13.4 million, or $0.59 per diluted share, compared with net income of $16.5 million, or $0.72 per diluted share, for the second quarter of 2019. The comparability of second quarter net income was impacted by a favorable state tax law change and acquisition deal costs during the second quarter of 2019.       (dollar amounts in thousands, except per share data) 2Q20 1Q20 2Q19Net interest income $ 33,528 $ 32,446 $ 30,802Provision for credit losses 5,550 5,550 –Non-interest income 12,622 12,536 12,224 Show less Read more
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