The Q3 beat was driven by margin expansion and record fee income, with the Field & Main acquisition contributing a full quarter. Watch for the pace of organic loan growth and deposit trends in Q4, as well as the timing of the $10B asset threshold transition and any remaining merger-related expenses.
Price Chart
Executive Summary
Stock Yards Bancorp reported record Q3 2026 net income of $43.5M ($1.40 diluted), up from $36.2M ($1.23) a year ago, driven by net interest margin expansion to 3.88% and record non-interest income. Net interest income rose 20% YoY to $92.6M, boosted by the Field & Main acquisition. The company beat consensus EPS of $1.35 by $0.05 (3.7%) and revenue of $119.3M by $0.9M.
Key Financial Metrics
Key Facts
- Record Q3 2026 net income of $43.5M, up 20% YoY from $36.2M
- Diluted EPS of $1.40, above consensus estimate of $1.35 (3.7% beat)
- Net interest income increased 20% YoY to $92.6M
- Net interest margin expanded 32 bps YoY to 3.88%
- Non-interest income rose 13% YoY to a record $27.6M
- Total loans grew 15% YoY to $7.99B, with organic growth of 6%
- Tangible book value per share increased 13% YoY to $32.08
- Quarterly dividend raised to $0.33 per share in August 2026
- Provision for credit losses was $950K vs $1.975M a year ago
- Non-performing loans remained low at 0.27% of total loans
Financial Impact
Net income increased $7.3M YoY to $43.5M; EPS beat consensus by $0.05
Risk Factors
- Total deposits contracted 1% on a linked-quarter basis, with core deposits declining $61M excluding Field & Main
- Net charge-offs increased to $3.95M in Q3 from $29K in Q2, driven by a non-recurring credit card fraud loss of $850K
- Management noted loan payoffs remain a headwind and margin may be near a peak
- Assets remained above $10B, creating potential regulatory cost implications when the threshold is crossed in 2027
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-006885 |
| Document: f8k_102726.htm | 0001171843-26-006885 |
| Document: 0001171843-26-006885-index-headers.html | 0001171843-26-006885 |
| Document: 0001171843-26-006885-index.html | 0001171843-26-006885 |
| Document: 0001171843-26-006885.txt | 0001171843-26-006885 |
| 8-K Data (Synthetic) | 0001171843-26-006885 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 28, 2026 1d ago | Press Release | $76.81 $78.70 | ▲ +2.46% | ▲ +2.84% | $78.70 (+2.46%) |
Aug 19, 2026 10w ago | 8-K | $81.94 $82.05 | ▲ +0.13% | ▲ +0.97% | $78.70 (−3.95%) |
Jul 29, 2026 13w ago | 8-K | $88.03 $86.20 | ▼ −2.08% | ▼ −3.76% | $78.70 (−10.60%) |
May 20, 2026 23w ago | Press Release | $71.02 $71.28 | ▲ +0.37% | ▲ +0.17% | $78.70 (+10.81%) |
May 1, 2026 25w ago | Press Release | $71.86 $71.17 | ▼ −0.96% | ▼ −0.62% | $78.70 (+9.52%) |
Apr 22, 2026 27w ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Apr 22, 2026 27w ago | Press Release | $70.50 $70.44 | ▼ −0.09% | ▲ +0.31% | $78.70 (+11.63%) |
Mar 25, 2026 31w ago | EFFECT | $64.36 $65.42 | ▲ +1.65% | ▲ +3.42% | $78.70 (+22.28%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers