The Field & Main acquisition is already accretive and integration is progressing (core systems conversion completed in October). Monitor Q4 for remaining merger-related expenses and the company's ability to manage assets below $10B to avoid regulatory cost increases. The dividend increase signals confidence in earnings sustainability.
Price Chart
Executive Summary
Stock Yards Bancorp reported record Q3 2026 net income of $43.5M ($1.40 diluted), beating consensus EPS of $1.35 by 3.7% and revenue of $119.3M by $0.9M. Net interest margin expanded to 3.88% and non-interest income reached a record $27.6M, driven by the Field & Main acquisition and organic growth. The company noted assets remained above the $10B regulatory threshold but expects to manage below it at year-end before officially crossing in 2027.
Key Financial Metrics
Key Facts
- Record Q3 2026 net income of $43.5M, up from $36.2M in Q3 2025 (20% YoY increase)
- Diluted EPS of $1.40, beating consensus of $1.35 by $0.05 (3.7%)
- Revenue of $119.3M (net interest income + non-interest income) beat consensus of $119.3M by $0.9M
- Net interest margin expanded 32 bps YoY to 3.88%
- Non-interest income reached a record $27.6M, up 13% YoY
- Field & Main acquisition contributed $7.8M to net interest income and $2.0M to non-interest income in its first full quarter
- Tangible book value per share increased 13% YoY to $32.08
- Quarterly cash dividend increased to $0.33 per share
- Assets at $10.26B, above the $10B regulatory threshold; company plans to manage below $10B at year-end before crossing in 2027
Financial Impact
Net income up 20% YoY to $43.5M; EPS beat consensus by $0.05 (3.7%); net interest margin expanded 32 bps to 3.88%
Risk Factors
- Assets above $10B threshold may trigger additional regulatory compliance costs if not managed below by year-end
- Loan payoff activity remains elevated, pressuring organic loan growth
- Non-recurring credit card fraud loss of $850,000 in Q3
- Remaining merger-related expenses expected in Q4 2026
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3390068 |
Track record builds as more directional reports settle.
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
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