Stock Yards Bancorp (SYBT) Q3 2026 earnings summary

Executive summary

• Record Q3 net income of $43.5M, or $1.40 diluted EPS, versus $36.2M and $1.23 YoY; margin expansion and record non-interest income drove results.

• First full quarter including Field & Main; core systems conversion completed in mid-October, supporting integration and planned growth in Western Kentucky.

• Quarter-end assets were $10.26B, loans $7.99B and deposits $8.39B; 82 branches span three contiguous states.

Financial highlights

• Net interest income rose 20% YoY to $92.6M; non-interest income increased 13% to $27.6M, while non-interest expense rose 19% to $64.1M.

• Net income was $43.5M versus $40.1M in Q2; diluted EPS was $1.40 versus $1.31.

• Total interest income increased 12% YoY to $134.4M; interest expense declined 3% to $41.8M despite $4.3M tied to Field & Main.

• Field & Main contributed $7.8M of net interest income and $2.0M of non-interest income in Q3; its merger-related expenses totaled $6.2M, including $678K of one-time costs.

Outlook and guidance

• Loan payoff activity is expected to remain a near-term headwind; the lending pipeline was steady entering Q4.

• Targeting year-end assets below the $10B regulatory threshold ahead of an anticipated transition across it in 2027.

• Remaining merger-related costs, primarily for systems conversion, are expected in Q4 2026.