Jul. 24 at 11:35 AM
$SYBT Stock Yards Bancorp reports Q2 EPS 94c, consensus 84c
Total assets increased
$192 million, or 2%, on the linked quarter to
$8.32 billion. Tangible common equity per share was
$23.22 on June 30, 2024, compared to
$22.50 on March 31, 2024, and
$20.17 on June 30, 2023. "Our second quarter results were solid, with record quarterly loan growth, stable credit quality metrics, solid contributions from our non-interest income revenue sources and net interest margin expansion," commented James Hillebrand, Chairman and Chief Executive Officer.
"Total loans increased
$652 million, or 12%, over the last 12 months,
$221 million of which was generated during the second quarter of this year. Just as important, second quarter loan growth, led by an increase in Commercial & Industrial line of credit expansion, was experienced within all loan categories and spread across all markets.
