Stock Yards Bancorp
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Stock Yards Bancorp (SYBT) investor relations material

Stock Yards Bancorp M&A announcement summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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M&A announcement summary28 Jan, 2026

Deal rationale and strategic fit

  • Expands and accelerates presence in Western Kentucky, especially Henderson, and enhances scale and market leadership in assets, deposits, and wealth management.

  • Combines two community-focused banks with minimal market overlap, shared client-centric cultures, and complementary franchises.

  • Enhances wealth management capabilities, adding $0.8B in assets under management.

  • Leadership from the acquired entity will join the board and senior management, supporting integration and continuity.

  • Strengthens market penetration and operating leverage in Kentucky and adjacent metropolitan areas.

Financial terms and conditions

  • All-stock transaction: Field & Main shareholders receive 0.655 shares of Stock Yards common stock per Field & Main share.

  • Implied per share purchase price is $44.55, with an aggregate transaction value of $105.7 million.

  • Pro forma ownership: 95% acquirer, 5% acquired.

  • Transaction expected to be 5.7% accretive to earnings per share in 2027; tangible book value dilution of 0.9% earned back in under one year.

  • Pro forma TCE ratio expected at 9.5% and total risk-based capital ratio at 13.4% at close.

Synergies and expected cost savings

  • Cost savings estimated at 34% of Field & Main's non-interest expenses, with 33% realized in 2026 and full realization in 2027.

  • Revenue synergies identified but not included in financial modeling.

  • Enhanced operating leverage and expanded capabilities anticipated for customers in Western Kentucky and adjacent markets.

What levers manage $10B threshold in 2026?
How are 34% cost saves achieved without closures?
What strategic role does Western KY market play?
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Next Stock Yards Bancorp earnings date

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Q1 202624 Apr, 2026
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Frequently asked questions

Stock Yards Bancorp, Inc. serves as the holding company for Stock Yards Bank & Trust Company, offering a range of financial services to individuals, corporations, and other entities across the United States. Its operations are divided into two main segments: Commercial Banking and Wealth Management & Trust (WM&T). The Commercial Banking segment provides a comprehensive suite of services including retail and commercial lending, mortgage banking, deposit services, and other related financial services. Meanwhile, the WM&T segment specializes in investment management, financial and retirement planning, trust and estate services, and retirement plan management for businesses. The company is headquartered in Louisville, Kentucky, and its shares are listed on the NASDAQ.

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