Stock Yards Bancorp, Inc.

Stock Yards Bancorp, Inc. is a bank holding company headquartered in Louisville, Kentucky, operating through its wholly owned subsidiary, Stock Yards Bank & Trust Company. The company provides commercial and consumer banking, mortgage, treasury, and wealth management services across Kentucky and selected Midwest metropolitan markets through a branch network and related financial services platform.

— Stock Yards Bancorp, Inc.
%
Commercial Banking76% Loan, deposit, treasury, merchant, and payment services for consumers and businesses.
Wealth Management & Trust24% Investment management, trust, estate, and retirement planning services.

The company serves individual consumers, small and middle-market businesses, and commercial real estate borrowers in...

  • Individual consumerssecondary

    Buy deposit accounts, mortgage loans, cards, and everyday banking services through the branch and digital network.

  • Small and middle-market businessesprimary

    Use commercial loans, treasury management, merchant services, and operating deposits for working capital and payments.

  • Commercial real estate borrowersprimary

    Finance office, medical, owner-occupied, and other local CRE properties through relationship lending.

  • Wealth management clientsprimary

    Purchase investment management, trust, estate, and financial planning services for asset preservation and transfer.

  • Retirement plan sponsorssecondary

    Employers and corporations use retirement plan management and related fiduciary services.

Stock Yards Bancorp is centered in Louisville, Kentucky and serves central, eastern, and northern Kentucky through a...

  • •Headquartered in Louisville, Kentucky
  • •Core markets include central, eastern, and northern Kentucky
  • •Operates in Indianapolis, Indiana and Cincinnati, Ohio metro areas
  • •Branch network supports local relationship banking and deposit gathering
  • •Geographic concentration ties performance to regional economic conditions

The company’s strategy is built around relationship banking, cross-selling a broad product set, and serving customers...

01
Relationship-based cross-sellingmedium-term

A broader product mix increases customer retention and fee income per relationship.

02
Geographic expansion in core marketsmedium-term

Growth is concentrated in familiar regional markets where the bank has local knowledge and brand recognition.

03
Disciplined balance sheet and capital managementshort-term

Banking growth must be matched with liquidity, capital, and underwriting discipline.

04
Selective acquisitionsmedium-term

Acquisitions can add deposits, relationships, and fee businesses when they fit the franchise.

The business is exposed to interest rate sensitivity, credit losses, and regional economic conditions because most...

high

Interest rate sensitivity

Earnings depend heavily on the spread between loan yields and deposit costs.

Scope
Net interest income and margin
Materiality
high
high

Commercial real estate credit risk

CRE is the largest loan category and can be pressured by vacancies, refinancing, and collateral values.

Scope
CRE portfolio, especially office-related lending
Materiality
high
high

Cybersecurity and data breach risk

The bank handles sensitive customer data and relies on third-party vendors and digital channels.

Scope
Customer information, payments, online banking
Materiality
medium
medium

Regional economic concentration

Most loans and deposits are tied to Louisville and nearby Midwest markets.

Scope
Kentucky, Indiana, and Ohio markets
Materiality
medium
medium

Fraud and operational loss risk

ACH, wire, card, ATM/ITM, and lending activities create multiple fraud vectors.

Scope
Payments and lending operations
Materiality
medium
medium

Goodwill impairment risk

Acquisition-related goodwill can be impaired if market conditions or performance deteriorate.

Scope
Acquired businesses and reporting units
Materiality
medium
Allowance for credit losses on loans
Can materially affect provision expense and reported earnings
Commercial real estate credit reserves
Affects credit costs and balance sheet quality
Goodwill impairment
Can trigger non-cash impairment charges
Core deposit and customer list intangibles
Affects non-interest expense and book value
Investment securities valuation
Influences liquidity, AOCI, and balance sheet management

REPUBLIC BANCORP INC /KY/

RBCAA · State Commercial Banks

EQUITY BANCSHARES INC

EQBK · State Commercial Banks

Kentucky First Federal Bancorp

KFFB · Savings Institution, Federally Chartered

Midland States Bancorp, Inc.

MSBI · State Commercial Banks

Skyline Bankshares, Inc.

SLBK · State Commercial Banks

OLD NATIONAL BANCORP /IN/

ONB · National Commercial Banks

: 29/04/2026