Stock Yards Bancorp Announces Q3 Earnings Per Share of $1.23, Exceeding Consensus Estimate of $1.16
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2025
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Record Quarter Performance: The company reported a record quarter with strong loan production and consistent loan growth for six consecutive quarters across all markets.
Steady Loan Demand: Despite elevated loan payoffs affecting overall growth, underlying loan demand remains stable, supported by strong credit quality and prudent underwriting standards.
Milestone Achievements: The Cincinnati market reached over $1 billion in total loans for the first time since 2007, following the Indianapolis market's achievement just three quarters earlier.
Disciplined Growth Strategy: The results reflect the company's sustained progress and disciplined approach to growth in its markets.
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Analyst Views on SYBT
Wall Street analysts forecast SYBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SYBT is 79.00 USD with a low forecast of 79.00 USD and a high forecast of 79.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 66.940
Low
79.00
Averages
79.00
High
79.00
Current: 66.940
Low
79.00
Averages
79.00
High
79.00
About SYBT
Stock Yards Bancorp, Inc. is engaged in the business of banking through its subsidiary, Stock Yards Bank & Trust Company (the Bank). The Company has two segments: Commercial Banking, and WM&T. The Commercial Banking segment provides a full range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, international banking, correspondent banking, and other banking services. The Bank also offers securities brokerage services via its banking center network through an arrangement with a third-party broker-dealer in the Commercial Banking segment. The WM&T segment provides investment management, financial and retirement planning, trust and estate services, as well as retirement plan management for businesses and corporations in all markets in which it operates.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Stock Yards Bank Increases Stake in Bancorp
- Share Buyback Transaction: Stock Yards Bank & Trust Co. increased its stake in Stock Yards Bancorp by 366,475 shares in Q4 2026, with an estimated transaction value of $24.6 million, indicating confidence in the bank's future prospects.
- Increased Holdings Value: Following the buyback, total holdings in Stock Yards Bancorp rose to 1,338,377 shares, valued at $86.93 million, with a net position increase of $18.90 million, reflecting positive stock price movement during the period.
- Market Performance Analysis: As of January 20, 2026, Stock Yards Bancorp shares traded at $67.82, down 5.6% over the past year and underperforming the S&P 500 by 20.4 percentage points, indicating cautious market sentiment regarding its future.
- Investor Confidence Signal: Despite potential pressure from interest rate cuts, Stock Yards chose to buy back its own shares, signaling management's recognition of the company's value and possibly reflecting confidence in future profitability.
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Stock Yards Bancorp to Acquire Field & Main Bancorp in All-Stock Deal
- Acquisition Overview: Stock Yards Bancorp (SYBT) has agreed to acquire Field & Main Bancorp in an all-stock transaction expected to close in Q2 2026, which will accelerate its expansion across Western Kentucky and adjacent markets.
- Asset Integration Impact: Post-transaction, the combined entity will serve customers through 81 branches with total assets of approximately $10.4 billion, $7.9 billion in loans, $8.6 billion in deposits, and $8.4 billion in trust assets under management, significantly enhancing market competitiveness.
- Shareholder Equity Arrangement: Field & Main shareholders will receive 0.6550 shares of SYBT common stock for each share of Field & Main, with an implied purchase price of $44.55 per share based on SYBT's closing price of $68.01 on January 26, 2026, resulting in an aggregate transaction value of approximately $105.7 million.
- Earnings Outlook Improvement: The transaction is expected to be 5.7% accretive to Stock Yards' earnings per share post-closing, with tangible book value dilution anticipated at about 0.9%, expected to be earned back in roughly 0.9 years, indicating strong long-term profitability potential.
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