Stock Yards Bancorp Posts 3Q EPS of $1.40
SYBT sits 27% above its 52-week low of $61.51.
Summary
Stock Yards Bancorp reported third-quarter EPS of $1.40, per Dow Jones Newswires, alongside net income of $43.5M and net interest income of $92.6M. That follows a record Q2 disclosed in the August 10-Q, which cited strong net interest income and margin growth helped by an acquisition. The Q2 report also flagged rising non-performing loans, so the quality of this quarter's earnings — not just the headline number — is the thing to check. No margin or provision figures accompanied the results, so the beat/miss picture versus consensus isn't determinable from this item alone.
At the time of this announcement, SYBT was trading at $78.40 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $61.51 to $89.22. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.