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LOUISVILLE - Stock Yards Bancorp, Inc. (NASDAQ:SYBT), a $2.23 billion market cap regional bank, announced Wednesday that its Board of Directors has approved an increase in its quarterly cash dividend to $0.32 per common share, payable on October 1, 2025, to stockholders of record as of September 15, 2025.
The parent company of Stock Yards Bank & Trust Company operates across Louisville, central, eastern and northern Kentucky, as well as in the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets.
According to a press release statement, this marks the 18th time the company has raised its quarterly dividend since 2011, representing a cumulative increase of 167% over that period.
"Our consistent profitability and robust capital position enable us to steadily grow dividends and enhance long-term shareholder value," said James A. Hillebrand, Chairman and Chief Executive Officer of Stock Yards Bancorp.
Stock Yards Bancorp, incorporated in 1988 as a bank holding company, reported assets of $9.21 billion. Its banking subsidiary, Stock Yards Bank & Trust Company, was established in 1904.
The company’s shares trade on The NASDAQ Stock Market under the symbol SYBT.
In other recent news, Stock Yards Bancorp reported strong second-quarter results, leading Piper Sandler to raise its price target for the company to $86.00, up from $81.00, while maintaining a Neutral rating. The bank’s profitability metrics were notable, with a return on assets of 1.5% and a return on tangible common equity of 20.4%. Additionally, Stock Yards Bancorp has authorized a new stock repurchase program, allowing for the repurchase of up to one million shares, which accounts for approximately 3.4% of its outstanding shares. The company also announced the appointment of BDO USA as its new independent registered public accounting firm for the fiscal year ending December 31, 2025. This decision followed a strategic request-for-proposal process to select an auditing firm. Furthermore, the company disclosed the upcoming retirement of board member David P. Heintzman, who will step down after 40 years of service. Heintzman has held various leadership roles, including Chief Executive Officer and Chairman of the Board, and the company expressed its gratitude for his contributions.
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