Stock Yards Bancorp Declares $0.32 Quarterly Dividend
Stock Yards Bancorp, Inc., a regional banking company, declared a quarterly cash dividend of $0.32 per common share in February 2026. The dividend was paid to shareholders of record as of March 16, 2026.
Stock Yards Bancorp, Inc., a regional banking company, declared a quarterly cash dividend of $0.32 per common share in February 2026. The payment was made on April 1, 2026, to shareholders of record as of March 16, 2026. Read more dividend announcements.
| Dividend Details | Information |
|---|---|
| Amount | $0.32 per share |
| Record Date | March 16, 2026 |
| Payment Date | April 1, 2026 |
| Type | Quarterly Cash Dividend |
Recent Financial Performance
The dividend declaration came as Stock Yards Bancorp reported strengthening capital ratios and balance sheet growth. The company maintained its "well-capitalized" status, the highest regulatory capital rating for financial institutions, with all capital ratios experiencing meaningful growth.
Total equity to assets reached 11.65% at March 31, 2026, up from 10.84% a year earlier. The tangible common equity ratio improved to 9.69% from 8.72% over the same period.
Tangible book value per share increased 17% year-over-year to $30.41 at March 31, 2026, compared to $26.01 at March 31, 2025. Total deposits grew $463 million, or 6%, over the past 12 months, driven by equal parts interest-bearing demand and time deposit growth.
Asset Quality and Lending
Non-performing loans totaled $11.4 million, or 0.16% of total loans outstanding on March 31, 2026, down from $16.1 million, or 0.24%, a year earlier. The improvement was attributed mainly to the payoff of a few larger non-accrual loans during the prior quarter.
The ratio of allowance for credit losses to loans stood at 1.30% on March 31, 2026, compared to 1.34% on March 31, 2025. Total interest-bearing deposits grew $506 million, or 9%, driven by some larger depositors increasing balances and successful promotional time deposit offerings.
Margin and Income Trends
Net interest margin expanded 8 basis points to 3.65% in the first quarter of 2026, despite recent rate reductions by the Federal Reserve Board. The expansion was driven primarily by a decline in interest-bearing deposit costs compared to the prior quarter.
Net interest income decreased $829,000, or 1%, versus the fourth quarter of 2025. Total interest expense decreased $2.7 million, or 6%, as deposit rates were lowered in tandem with the Federal Reserve's rate reductions.