Stock Yards Bancorp, Inc. reported earnings of $34.0 million, or $1.15 per diluted share, for the second quarter of 2025. This marks an increase from $27.6 million, or $0.94 per diluted share, in the same quarter of 2024. Strong loan and deposit growth contributed to record operating results, with total assets reaching $9.21 billion as of June 30, 2025.

Loan growth was a key highlight of the quarter, with total loans increasing by $779 million, or 13%, over the last 12 months. Deposit balances also saw growth, expanding by $938 million, or 14%, over the past year. Net interest income increased by $11.5 million, or 18%, compared to the second quarter of 2024, with a net interest margin of 3.53%.

Non-interest revenue was a strong contributor to operating results, with treasury management fees, mortgage, brokerage, and card income all making meaningful contributions. Wealth Management & Trust income declined compared to the prior quarter, but assets under management increased at quarter end. Total non-interest expenses increased by $3.6 million, or 7%, compared to the second quarter of 2024.

As of June 30, 2025, Stock Yards Bancorp, Inc. remains “well-capitalized” with all capital ratios showing growth. The Company’s Board of Directors declared a quarterly cash dividend of $0.31 per common share, paid on July 1, 2025. A share repurchase plan was also adopted, allowing the company to repurchase up to 1 million shares of common stock, providing flexibility for capital allocation strategies.

Read more at GlobeNewswire: Stock Yards Bancorp Reports Record Second Quarter Earnings