Stock Yards Bancorp SYBT

Stock Yards Bancorp, Inc. is a financial holding company headquartered in Louisville, Kentucky that engages in banking through its wholly owned subsidiary, Stock Yards Bank & Trust Company. The bank offers a full suite of banking services, including consumer and commercial lending, deposit products, wealth management, trust services, and related financial activities across its markets in Louisville, central, eastern and northern Kentucky, as well as Indianapolis, Indiana and Cincinnati, Ohio. It operates 75 full service banking centers and is subject to regulation by the Federal Reserve, FDIC and state authorities.

Revenue is generated primarily from net interest income on loans and investment securities and from fee based non interest income. Interest income arises from the loan portfolio, investment securities and other earning assets, while non interest revenue includes wealth management and trust fees, deposit service charges, debit and card interchange income, treasury management fees, mortgage banking income, investment product sales commissions, bank owned life insurance proceeds and occasional gains on the sale of assets.

The company operates through the following reportable segments: Commercial Banking and Wealth Management and Trust (WM&T).

• Commercial Banking: This segment provides a full range of loan and deposit products to individual consumers and businesses, including retail lending, mortgage banking, private banking, commercial lending, commercial real estate lending, treasury management, merchant services, international banking, correspondent banking and securities brokerage services through a third party broker dealer arrangement.

• Wealth Management and Trust (WM&T): This segment delivers investment management, financial and retirement planning, trust and estate services, and retirement plan management for businesses and corporations, with revenue primarily derived from assets under management fees.

Stock Yards Bancorp holds a competitive position among regional banks, distinguished by a relatively large wealth management and trust business that contributes a significant share of non interest income compared with peers of similar asset size. The company maintains strong capital ratios, consistently exceeding regulatory well capitalized thresholds, and benefits from a diversified loan portfolio and a stable core deposit base. While it faces competition from larger national banks and other regional financial institutions, its local market presence and integrated banking and wealth services provide a differentiated advantage.

The company serves a broad mix of individual consumers, small and mid sized businesses, corporate clients, and institutional investors. Its wealth management unit caters to high net worth individuals, foundations, endowments and retirement plans, while the commercial banking division serves retailers, manufacturers, real estate developers and professional service firms across its Kentucky, Indiana and Ohio markets.