Stock Yards Bancorp Q2 net income rises on loan, margin growth
SYBT•Outlook and key figures
Stock Yards Bancorp expects the remaining merger-related expenses in the third and fourth quarters of 2026.
The company said its loan pipeline remains steady heading into the second half of the year, and it sees net interest margin near peak, with higher funding costs expected going forward.
Key details
| Metric | Actual |
|---|---|
| Q2 EPS | $1.31 |
| Q2 Net Income | $40.06 million |
| Q2 Net Interest Income | $87.83 million |
| Q2 Credit Loss Provision | $0 |
| Q2 Dividend | $0.32 |
Analyst coverage and valuation
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Stock Yards Bancorp Inc is $75.00, about 12.2% below its July 28 closing price of $85.42.
The stock recently traded at 16 times the next 12-month earnings versus a P/E of 13 three months ago.
Quarterly results and correction
Stock Yards Bancorp reported record second-quarter net income and earnings per share, both rising year over year and sequentially.
The company said net interest income grew 20% year over year, driven by margin expansion and the Field & Main acquisition.
