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Stock Yards Bancorp Q3 profit rises 20% on merger boost

By Reuters News


Overview

  • US regional bank reported record Q3 net income and EPS, driven by margin expansion and non-interest income

  • Field & Main Bancorp merger made first full-quarter contribution, supporting loan and deposit growth

  • Company increased quarterly dividend to $0.33 per share in August 2026


Outlook

  • Stock Yards expects payoff activity to remain a headwind for loan growth in the near term

  • Company plans to manage balance sheet under $10 bln at year-end, transitioning above threshold in 2027

  • Remaining merger-related expenses, mainly for systems conversion, expected in fourth quarter 2026


Result Drivers

  • NET INTEREST MARGIN EXPANSION - Co said margin expansion was driven by average loan balance growth, lower deposit costs, more efficient balance sheet and Field & Main merger

  • NON-INTEREST INCOME GROWTH - Record non-interest income supported by increases in wealth management, treasury management fees, brokerage and card income, per CEO James Hillebrand

  • MERGER IMPACT - Field & Main Bancorp acquisition contributed to loan and deposit growth and added to net interest and non-interest income


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$1.40

Q3 Net Income

$43.51 mln

Q3 Net Interest Income

$92.69 mln

Q3 Dividend

$0.33


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the banks peer group is "hold"

  • Wall Street's median 12-month price target for Stock Yards Bancorp Inc is $90.00, about 14.8% above its October 27 closing price of $78.40

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Oct 28 - Prosperity Bancshares Q3 net income rises on mergers, dividend raised

  • Oct 27 - NBT Bancorp Q3 profit rises on loan growth, higher net interest income

  • Oct 26 - Business First Bancshares Q3 net income rises on loan and deposit growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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