Stock Yards Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 07:31 am EDT
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Stock Yards Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 60.93 million compared to USD 56.98 million a year ago. Net income was USD 27.66 million compared to USD 26.79 million a year ago. Basic earnings per share from continuing operations was USD 0.95 compared to USD 0.92 a year ago. Diluted earnings per share from continuing operations was USD 0.94 compared to USD 0.91 a year ago.
For the six months, net interest income was USD 124 million compared to USD 105.74 million a year ago. Net income was USD 56.71 million compared to USD 34.7 million a year ago. Basic earnings per share from continuing operations was USD 1.94 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 1.93 compared to USD 1.22 a year ago.
Stock Yards Bancorp, Inc. is engaged in the business of banking through its subsidiaries, Stock Yards Bank & Trust Company (the Bank). The Company has two segments: Commercial Banking, and WM&T. Commercial Banking segment provides a full range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, international banking, correspondent banking, and other banking services. The Bank also offers securities brokerage services via its banking center network through an arrangement with a third-party broker-dealer in the Commercial Banking segment. WM&T segment provides investment management, financial and retirement planning, and trust and estate services, as well as retirement plan management for businesses and corporations in all markets in which it operates.
STOCK YARDS BANCORP, INC. 
