Stock Yards Bancorp, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
SYBT$81.08+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| PART I: | 5 | |
|---|---|---|
| Item 1. | Business. | 5 |
| Item 1A. | Risk Factors. | 13 |
| Item 1B. | Unresolved Staff Comments. | 24 |
| Item 1C. | Cybersecurity. | 24 |
| Item 2. | Properties. | 26 |
| Item 3. | Legal Proceedings. | 26 |
| Item 4. | Mine Safety Disclosures. | 26 |
| PART II: | 27 | |
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. | 27 |
| Item 6. | [Reserved] | 29 |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. | 29 |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk. | 72 |
| Item 8. | Financial Statements and Supplementary Data. | 72 |
| Item 9. | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. | 149 |
| Item 9A. | Controls and Procedures. | 149 |
| Item 9B. | Other Information. | 152 |
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. | 152 |
| PART III: | 152 | |
| Item 10. | Directors, Executive Officers and Corporate Governance. | 152 |
| Item 11. | Executive Compensation. | 154 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. | 154 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence. | 154 |
| Item 14. | Principal Accountant Fees and Services. | 154 |
| PART IV: | 154 | |
| Item 15. | Exhibits and Financial Statement Schedules. | 154 |
| Signatures | 158 |
GLOSSARY OF ABBREVIATIONS AND ACRONYMS
The acronyms and abbreviations identified in alphabetical order below are used throughout this Annual Report on Form 10-K:
| Acronym or Term | Definition | Acronym or Term | Definition | Acronym or Term | Definition |
|---|---|---|---|---|---|
| ACH | Automatic Clearing House | EPS | Earnings Per Share | Nasdaq | The Nasdaq Stock Market, LLC |
| AFS | Available for Sale | ESG | Environmental, Social and Governance | NIM | Net Interest Margin (FTE) |
| AI | Artificial intelligence | ETR | Effective Tax Rate | NPV | Net Present Value |
| APIC | Additional paid-in capital | EVP | Executive Vice President | Net Interest Spread | Net Interest Spread (FTE) |
| ACL | Allowance for Credit Losses | FASB | Financial Accounting Standards Board | NM | Not Meaningful |
| AOCI | Accumulated Other Comprehensive Income | FDIC | Federal Deposit Insurance Corporation | OAEM | Other Assets Especially Mentioned |
| ASC | Accounting Standards Codification | FFP | Federal Funds Purchased | OREO | Other Real Estate Owned |
| ASU | Accounting Standards Update | FFS | Federal Funds Sold | PPP | SBA Paycheck Protection Program |
| ATM | Automated Teller Machine | FFTR | Federal Funds Target Rate | PV | Present Value |
| AUM | Assets Under Management | FHA | Federal Housing Authority | PCD | Purchased Credit Deteriorated |
| Bancorp / the Company | Stock Yards Bancorp, Inc. | FHC | Financial Holding Company | PD | Probability of Default |
| Bank / SYB | Stock Yards Bank & Trust Company | FHLB | Federal Home Loan Bank of Cincinnati | Prime | The Wall Street Journal Prime Interest Rate |
| BOLI | Bank Owned Life Insurance | FHLMC | Federal Home Loan Mortgage Corporation | Provision | Provision for Credit Losses |
| BP | Basis Point - 1/100th of one percent | FICA | Federal Insurance Contributions Act | PSU | Performance Stock Unit |
| C&D | Construction and Land Development | FNMA | Federal National Mortgage Association | ROA | Return on Average Assets |
| Captive | SYB Insurance Company, Inc. | FRB | Federal Reserve Bank | ROE | Return on Average Equity |
| C&I | Commercial and Industrial | FTE | Fully Tax Equivalent | RSA | Restricted Stock Award |
| CB | Commonwealth Bancshares, Inc. and Commonwealth Bank & Trust Company | GAAP | United States Generally Accepted Accounting Principles | RSU | Restricted Stock Unit |
| CD | Certificate of Deposit | GLB | Gramm-Leach-Bliley Act | SAR | Stock Appreciation Right |
| CDI | Core Deposit Intangible | GNMA | Government National Mortgage Association | SBA | Small Business Administration |
| CECL | Current Expected Credit Loss (ASC-326) | HELOC | Home Equity Line of Credit | SEC | Securities and Exchange Commission |
| CEO | Chief Executive Officer | HTM | Held to Maturity | SOFR | Secured Overnight Financing Right |
| CFO | Chief Financial Officer | ICS | Insured Cash Sweep | SSUAR | Securities Sold Under Agreements to Repurchase |
| CFPB | Consumer Financial Protection Bureau | ITM | Interactive Teller Machine | SVP | Senior Vice President |
| CLI | Customer List Intangible | KB | Kentucky Bancshares, Inc. and Kentucky Bank | TBA | To Be Annouced |
| CRA | Community Reinvestment Act | KSB | King Bancorp, Inc. and King Southern Bank | TBOC | The Bank Oldham County |
| CRE | Commercial Real Estate | LGD | Loss Given Default | TCE | Tangible Common Equity |
| DCF | Discounted Cash Flow | Loans | Loans and Leases | TPS | Trust Preferred Securities |
| DTA | Deferred Tax Asset | MBS | Mortgage Backed Securities | VA | U.S. Department of Veterans Affairs |
| DTL | Deferred Tax Liability | MSA | Metropolitan Statistical Area | WM&T | Wealth Management and Trust |
| Dodd-Frank Act | The Dodd-Frank Wall Street Reform and Consumer Protection Act | MSRs | Mortgage Servicing Rights | VA | U.S. Department of Veterans Affairs |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.