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Stock Yards Bancorp, Inc. (NASDAQ:SYBT), a financial institution with a market capitalization of $2.2 billion and strong financial health according to InvestingPro metrics, announced the upcoming retirement of board member David P. Heintzman. After 40 years of service, Heintzman will step down from his position effective July 15, 2025. His departure was disclosed in a regulatory filing with the Securities and Exchange Commission on Friday, June 13, 2025.
Heintzman, who joined Stock Yards Bank & Trust Company in 1985, has held various executive roles including Chief Financial Officer, Executive Vice President, and President. He served as Chief Executive Officer from 2005 until his retirement in 2018 and has been a member of the company’s board since 1992, including a tenure as Chairman of the Board. The company expressed its gratitude for Heintzman’s contributions over the years.
According to the filing, Heintzman’s decision to retire is not due to any disagreements or disputes with the company’s operations, policies, or practices. The announcement comes ahead of the board’s regularly scheduled meeting on July 15, 2025, when his retirement will become effective.
Stock Yards Bancorp, based in Louisville, Kentucky, is a financial institution that operates under the SIC code for state commercial banks. This information is based on a press release statement.
In other recent news, Stock Yards Bancorp reported financial results for the first quarter of 2025 that exceeded expectations, with both earnings per share and pre-provision net revenue surpassing projections. Interest recoveries of $0.6 million contributed positively to the net interest margin, enhancing the company’s financial performance. The company also experienced an annualized growth in loans and deposits by 8% and 7%, respectively. In addition, nonperforming assets were reduced by 27% from the previous quarter, now representing only 0.18% of total assets. Analysts at Stephens have raised the stock’s price target to $80, maintaining an Equal Weight rating, and revised their 2026 earnings per share estimate to $4.55. The company’s return on assets stood at 1.52% for the quarter, highlighting its robust financial health. Stock Yards Bancorp also held its 2025 Annual Meeting of Shareholders, where all nominated directors were elected, and executive compensation was approved. The company’s strategic investment in wealth management and expansion efforts, including a new branch in the Indian market, are anticipated to support its future growth.
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