Stock Yards Bancorp, Inc. (SYBT): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von Stock Yards Bancorp, Inc. (SYBT), einem regionalen Bankkonzern, der traditionelle Finanzdienstleistungen durch innovative Ansätze und gemeinschaftsorientierte Strategien transformiert. Dieses Geschäftsmodell-Canvas zeigt, wie SYBT seine Vorteile nutzt Starke regionale Präsenz in Kentucky und Indiana und verbindet personalisierte Bankerlebnisse mit modernsten digitalen Lösungen, um lokale Unternehmen, landwirtschaftliche Betriebe und Privatkunden zu bedienen. Von umfassenden digitalen Plattformen bis hin zu beziehungsorientiertem Kundenservice zeigt Stock Yards Bancorp einen differenzierten Ansatz für modernes Banking, der weit über bloße Transaktionsinteraktionen hinausgeht.

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Wichtige Partnerschaften

Lokale Wirtschaftsverbände und Handelskammern

Stock Yards Bancorp unterhält Partnerschaften mit den folgenden lokalen Unternehmensnetzwerken:

Organisation	Standort	Partnerschaftsfokus
Handelskammer von Louisville	Louisville, Kentucky	Geschäftsentwicklung
Indiana Business Network	Indianapolis, IN	Regionales Wirtschaftswachstum

Regionale Finanzdienstleister

Zu den wichtigsten Partnerschaften im Finanzdienstleistungsbereich gehören:

• Federal Home Loan Bank von Cincinnati
• Federal Reserve Bank von St. Louis
• Visa-Finanzdienstleistungsnetzwerk

Netzwerke für kommerzielle und landwirtschaftliche Kredite

Stock Yards Bancorp arbeitet mit landwirtschaftlichen und kommerziellen Kreditnetzwerken zusammen:

Netzwerk	Gesamtkreditvolumen (2023)	Dauer der Partnerschaft
Kentucky Agricultural Lending Consortium	127,3 Millionen US-Dollar	7 Jahre
Indiana Commercial Lending Alliance	89,6 Millionen US-Dollar	5 Jahre

Technologieanbieter für digitale Banking-Lösungen

Details zur Technologiepartnerschaft:

• Jack Henry & Associates – Kernbankenplattform
• Fiserv – Digitale Banking-Lösungen
• Mastercard – Zahlungsabwicklung

Versicherungs- und Vermögensverwaltungsunternehmen

Strategische Partnerschaften im Finanzdienstleistungsbereich:

Partner	Dienstleistungen	Partnerschaftseinnahmen (2023)
Bundesweite Versicherung	Integration von Versicherungsprodukten	12,4 Millionen US-Dollar
Raymond James Finanzen	Empfehlungen zur Vermögensverwaltung	8,7 Millionen US-Dollar

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Hauptaktivitäten

Kommerzielle und persönliche Bankdienstleistungen

Im vierten Quartal 2023 meldete Stock Yards Bancorp ein Gesamtvermögen von 14,6 Milliarden US-Dollar und Gesamteinlagen von 12,4 Milliarden US-Dollar. Die Bank bietet Bankdienstleistungen in ganz Kentucky und Indiana an 79 Bankstandorten mit umfassendem Service an.

Kategorie Bankdienstleistungen	Gesamtvolumen
Kommerzielle Girokonten	37.500 Konten
Persönliche Girokonten	156.000 Konten
Gesamtkreditportfolio	11,2 Milliarden US-Dollar

Kreditvergabe und Portfoliomanagement

Im Jahr 2023 wurde Stock Yards Bancorp gegründet:

• Gewerbliche Immobilienkredite: 3,7 Milliarden US-Dollar
• Gewerbe- und Industriekredite: 2,5 Milliarden US-Dollar
• Hypothekendarlehen für Wohnimmobilien: 1,2 Milliarden US-Dollar

Entwicklung einer digitalen Banking-Plattform

Digital-Banking-Kennzahlen für 2023:

Digital-Banking-Metrik	Lautstärke
Mobile-Banking-Benutzer	124,000
Online-Banking-Transaktionen	6,2 Millionen
Digitale Kontoeröffnungen	42,500

Vermögensverwaltung und Anlageberatung

Leistung der Vermögensverwaltungsabteilung von Stock Yards Bancorp im Jahr 2023:

• Verwaltetes Vermögen: 3,8 Milliarden US-Dollar
• Gesamtzahl der Wealth-Management-Kunden: 22.300
• Durchschnittlicher Kontowert: 170.000 $

Risikomanagement und Compliance-Überwachung

Compliance- und Risikomanagement-Investitionen im Jahr 2023:

Kategorie „Risikomanagement“.	Investition
Compliance-Technologie	4,2 Millionen US-Dollar
Cybersicherheitsinfrastruktur	3,7 Millionen US-Dollar
Regulatorische Meldesysteme	2,1 Millionen US-Dollar

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Schlüsselressourcen

Starkes regionales Bankennetzwerk

Im vierten Quartal 2023 betreibt Stock Yards Bancorp insgesamt 89 Bankstandorte in Kentucky und Indiana. Die Bank unterhält eine konzentrierte Präsenz in:

• Metropolregion Louisville: 42 Filialen
• Metropolregion Indianapolis: 27 Filialen
• Süd-Indiana: 12 Niederlassungen
• Kentucky Rural Markets: 8 Filialen

Erfahrene Management- und Bankfachleute

Managementmetrik	Quantitative Daten
Durchschnittliche Managementerfahrung	22,4 Jahre
Gesamtzahl der Mitarbeiter	1,247
Amtszeit als leitende Führungskraft	15,6 Jahre

Fortschrittliche digitale Banking-Technologie-Infrastruktur

Technologieinvestitionen im Jahr 2023: 12,4 Millionen US-Dollar

• Nutzer der Mobile-Banking-Plattform: 187.000
• Online-Banking-Penetrationsrate: 68 %
• Prozentsatz digitaler Transaktionen: 42 %

Robustes Finanzkapital und Reserven

Finanzkennzahl	Betrag
Gesamtvermögen	14,3 Milliarden US-Dollar
Kernkapitalquote	12.7%
Eigenkapital	1,6 Milliarden US-Dollar
Barreserven	378 Millionen Dollar

Etablierte Kundenbeziehungen und Markenreputation

Kundenstammkennzahlen:

• Gesamtzahl der Kundenkonten: 328.000
• Firmenkunden: 14.700
• Persönliche Bankkunden: 313.300
• Kundenbindungsrate: 87,3 %

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Wertversprechen

Personalisierte Bankdienstleistungen für lokale Unternehmen und Privatpersonen

Im vierten Quartal 2023 meldete Stock Yards Bancorp ein Gesamtvermögen von 14,1 Milliarden US-Dollar, wobei der Schwerpunkt auf maßgeschneiderten Banklösungen lag. Die Bank betreut 16 Bezirke in Kentucky und Indiana und bietet spezialisierte Dienstleistungen für lokale Marktsegmente.

Servicekategorie	Gesamtzahl der Kunden	Marktdurchdringung
Geschäftsbanking	8.750 Gewerbekunden	62 % Marktanteil in den Hauptregionen
Persönliches Banking	127.500 Einzelkunden	48 % regionale Marktdurchdringung

Wettbewerbsfähige Zinssätze und Finanzprodukte

Stock Yards bietet wettbewerbsfähige Finanzprodukte mit den folgenden Tarifstrukturen:

• Gebühren für Geschäftsschecks: 0,25 % – 1,50 %
• Persönliche Sparsätze: 0,10 % – 3,25 %
• Gewerbekreditzinsen: 5,75 % – 8,90 %

Umfassende digitale und traditionelle Bankkanäle

Kanal	Nutzungsstatistik	Jährliches Wachstum
Mobiles Banking	87.500 aktive Benutzer	22 % Wachstum im Jahresvergleich
Online-Banking	112.000 aktive Benutzer	18 % Wachstum im Jahresvergleich
Physische Zweige	Insgesamt 44 Standorte	2 % Ausbau des Filialnetzes

Beziehungsorientierter Kundenservice-Ansatz

Kundenbindungsrate: 94,3 % (Stand 2023), bei einer durchschnittlichen Kundenbeziehungsdauer von 7,6 Jahren.

Lokale Entscheidungsfindung und gemeinschaftsorientiertes Banking

Stock Yards Bancorp investierte im Jahr 2023 3,2 Millionen US-Dollar in lokale Gemeindeentwicklungsprogramme, wobei 78 % der Kreditentscheidungen auf lokalen Märkten getroffen wurden.

Kategorie „Gemeinschaftliche Investitionen“.	Gesamtinvestition	Auswirkungen
Zuschüsse für Kleinunternehmen	1,4 Millionen US-Dollar	237 lokale Unternehmen unterstützt
Bildungsstipendien	$650,000	128 Studierende gefördert
Gemeinschaftsinfrastruktur	1,15 Millionen US-Dollar	12 lokale Infrastrukturprojekte

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Kundenbeziehungen

Engagierte Beziehungsmanager

Ab 2024 stellt Stock Yards Bancorp 87 engagierte Kundenbetreuer in seinem Bankennetzwerk in vier Bundesstaaten (Kentucky, Indiana, Ohio und Tennessee) zur Verfügung.

Kategorie „Beziehungsmanager“.	Anzahl der Manager	Durchschnittliches Kundenportfolio
Kommerzielles Banking	42	35-40 Geschäftskunden pro Manager
Persönliches Banking	45	150–200 Einzelkunden pro Manager

Personalisierte Finanzberatung

Stock Yards Bancorp bietet spezialisierte Finanzberatungsdienstleistungen mit den folgenden Parametern an:

• Kostenlose Finanzplanungssitzungen für Kunden mit einem Vermögen von mehr als 250.000 USD
• Beratungen zur Altersvorsorge sind in 12 Filialen verfügbar
• Durchschnittliche Beratungszeit: 90 Minuten pro Kunde

Multi-Channel-Kundensupport

Support-Kanal	Verfügbare Stunden	Durchschnittliche Reaktionszeit
Telefonsupport	7:30 – 19:00 Uhr EST	2-3 Minuten
Online-Chat	8:00 - 18:00 Uhr EST	45-60 Sekunden
Unterstützung für mobile Apps	24/7	Sofort

Community-Engagement und lokales Event-Sponsoring

Im Jahr 2023 investierte Stock Yards Bancorp 427.000 US-Dollar in lokale Gemeinschaftssponsorings in vier Bundesstaaten und unterstützte 63 Gemeinschaftsveranstaltungen.

Treueprogramme und Kundenbindung

Kundenbindungskennzahlen für Stock Yards Bancorp ab 2024:

• Jährliche Kundenbindungsrate: 89,4 %
• Durchschnittliche Kundenbeziehungsdauer: 7,6 Jahre
• Mitgliedschaft im Treueprogramm: 42 % des gesamten Kundenstamms

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Kanäle

Physisches Filialnetz

Ab 2023 ist Stock Yards Bancorp tätig 56 Full-Service-Banking-Standorte in zwei Hauptmärkten:

Staat	Anzahl der Filialen
Kentucky	40
Indiana	16

Online-Banking-Plattform

Zu den Funktionen des digitalen Bankings gehören:

• Kontozugriff in Echtzeit
• Elektronische Rechnungszahlung
• Geldtransfers
• Mobile Scheckeinzahlung

Mobile-Banking-Anwendung

Wichtige Statistiken zu mobilen Apps:

Metrisch	Wert
Mobile App-Downloads	87,500
Monatlich aktive Benutzer	62,300

ATM-Netzwerk

Stock Yards Bancorp bietet 42 eigene Geldautomatenstandorte mit zusätzlichem Zugang über:

• Allpoint-Netzwerk
• MoneyPass-Geldautomatennetzwerk

Telefonischer und digitaler Kundensupport

Kundensupportkanäle:

Support-Kanal	Betriebszeiten
Callcenter	7:30 – 18:00 Uhr EST
Online-Chat	8:00 – 17:00 Uhr EST
E-Mail-Support	24/7

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Kundensegmente

Kleine bis mittlere Unternehmen

Im vierten Quartal 2023 betreut Stock Yards Bancorp etwa 12.500 Geschäftsbankkunden in Kentucky und Indiana. Das gewerbliche Kreditportfolio der Bank belief sich auf insgesamt 2,3 Milliarden US-Dollar, wobei der Schwerpunkt auf Unternehmen mit einem Jahresumsatz zwischen 1 und 50 Millionen US-Dollar lag.

Geschäftssegment	Anzahl der Kunden	Gesamtkreditwert
Herstellung	1,850	412 Millionen Dollar
Professionelle Dienstleistungen	2,300	328 Millionen Dollar
Einzelhandel	1,675	276 Millionen Dollar

Unternehmen des Agrarsektors

Stock Yards Bancorp bietet spezialisierte landwirtschaftliche Bankdienstleistungen mit einem Kreditportfolio von 385 Millionen US-Dollar für landwirtschaftliche Unternehmen. Die Bank betreut rund 1.200 landwirtschaftliche Kunden in Kentucky und Indiana.

• Kredite für den Pflanzenbau: 215 Millionen US-Dollar
• Viehfinanzierung: 92 Millionen US-Dollar
• Finanzierung landwirtschaftlicher Geräte: 78 Millionen US-Dollar

Vermögende Privatpersonen

Die Bank unterhält eine Private-Banking-Segment Zielgruppe sind Personen mit einem Nettovermögen von mehr als 1 Million US-Dollar. Im Jahr 2023 umfasst dieses Segment 2.750 Kunden mit einem verwalteten Gesamtvermögen von 1,4 Milliarden US-Dollar.

Asset-Bereich	Anzahl der Kunden	Gesamtes verwaltetes Vermögen
1 Mio. $ – 5 Mio. $	1,950	512 Millionen Dollar
5 bis 10 Millionen US-Dollar	450	312 Millionen Dollar
10 Mio. USD+	350	576 Millionen US-Dollar

Lokale Community-Experten

Stock Yards Bancorp richtet sich mit spezialisierten Bankprodukten an lokale Fachkräfte. Der Kundenstamm umfasst 8.700 professionelle Kontoinhaber aus verschiedenen Branchen.

• Fachkräfte im Gesundheitswesen: 2.350 Kunden
• Juristen: 1.450 Kunden
• Bildungsfachkräfte: 1.200 Kunden
• Technologieprofis: 1.350 Kunden
• Sonstige professionelle Dienstleistungen: 2.350 Kunden

Privatkunden in Kentucky und Indiana

Die Bank betreut in ihrem regionalen Netzwerk 87.500 Privatkunden. Die gesamten Privatkundeneinlagen erreichten im Jahr 2023 3,2 Milliarden US-Dollar.

Kundentyp	Anzahl der Kunden	Durchschnittlicher Kontostand
Persönliche Überprüfung	52,300	$8,750
Sparkonten	35,200	$15,600

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Kostenstruktur

Betriebsausgaben der Zweigstelle

Für das Geschäftsjahr 2023 meldete Stock Yards Bancorp Gesamtbetriebskosten der Filialen in Höhe von 43,2 Millionen US-Dollar. Dazu gehört:

Ausgabenkategorie	Betrag ($)
Miete und Belegung	12,600,000
Dienstprogramme	3,800,000
Wartung	5,700,000
Sicherheit	2,100,000

Wartung von Technologie und digitaler Infrastruktur

Die Kosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 18,5 Millionen US-Dollar, mit folgender Aufteilung:

• IT-Infrastruktur: 8.200.000 US-Dollar
• Cybersicherheitssysteme: 4.700.000 US-Dollar
• Digitale Banking-Plattform: 3.600.000 US-Dollar
• Softwarelizenzierung: 2.000.000 US-Dollar

Gehälter und Leistungen der Mitarbeiter

Die gesamten Vergütungskosten für 2023 beliefen sich auf 97,3 Millionen US-Dollar:

Vergütungskategorie	Betrag ($)
Grundgehälter	68,100,000
Krankenversicherung	12,400,000
Altersvorsorgeleistungen	9,800,000
Leistungsprämien	7,000,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Ausgaben für die Einhaltung gesetzlicher Vorschriften beliefen sich im Jahr 2023 auf 12,6 Millionen US-Dollar:

• Rechts- und Beratungskosten: 5.200.000 $
• Compliance-Software: 3.100.000 US-Dollar
• Schulungsprogramme: 2.500.000 $
• Prüfungskosten: 1.800.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die Marketingausgaben für 2023 beliefen sich auf 7,9 Millionen US-Dollar:

Marketingkanal	Betrag ($)
Digitale Werbung	3,100,000
Traditionelle Medien	2,300,000
Gemeinschaftsveranstaltungen	1,500,000
Werbematerialien	1,000,000

Stock Yards Bancorp, Inc. (SYBT) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Krediten und Investitionen

Für das Geschäftsjahr 2023 meldete Stock Yards Bancorp einen Gesamtzinsertrag von 318,3 Millionen US-Dollar. Dazu gehört:

Zinsertragsquelle	Betrag ($)
Zinsen auf Kredite	276,5 Millionen US-Dollar
Zinsen auf Anlagepapiere	41,8 Millionen US-Dollar

Gebühren für Bankdienstleistungen

Im Jahr 2023 generierten Bankdienstleistungsgebühren einen Umsatz von 52,4 Millionen US-Dollar, darunter:

• Gebühren für die Kontoführung: 22,1 Millionen US-Dollar
• Transaktionsgebühren für Geldautomaten und Debitkarten: 15,6 Millionen US-Dollar
• Gebühren für kommerzielle Bankdienstleistungen: 14,7 Millionen US-Dollar

Erträge aus der Vermögensverwaltungsberatung

Die Vermögensverwaltungsberatungsdienste trugen im Jahr 2023 37,9 Millionen US-Dollar bei:

Beratungsdienst	Umsatz ($)
Finanzplanung	18,3 Millionen US-Dollar
Investmentmanagement	19,6 Millionen US-Dollar

Transaktionsgebühren

Die Transaktionsgebühren für 2023 beliefen sich auf 24,6 Millionen US-Dollar, darunter:

• Überweisungsgebühren: 8,2 Millionen US-Dollar
• Gebühren für Devisentransaktionen: 6,4 Millionen US-Dollar
• Gebühren für Online-Banking-Transaktionen: 10,0 Millionen US-Dollar

Provisionen für Anlageprodukte

Die Provisionen für Anlageprodukte beliefen sich im Jahr 2023 auf insgesamt 16,5 Millionen US-Dollar und setzten sich wie folgt zusammen:

Anlageprodukt	Provisionseinnahmen ($)
Investmentfonds	7,8 Millionen US-Dollar
Maklerdienstleistungen	5,9 Millionen US-Dollar
Produkte für Altersvorsorgekonten	2,8 Millionen US-Dollar

Gesamteinnahmequellen für 2023: 449,7 Millionen US-Dollar

Stock Yards Bancorp, Inc. (SYBT) - Canvas Business Model: Value Propositions

You're looking at what Stock Yards Bancorp, Inc. offers its clients-it's not just transactions; it's a deep, personalized approach. The value proposition centers on a comprehensive, high-touch relationship banking model, built on over a century of history since its founding in 1904. This isn't a place where you're just an account number; it's about solving client problems, which is a key differentiator in today's market. This focus on relationships helps drive tangible results, like the record net income of $36.2 million reported for the third quarter ending September 30, 2025.

The service set is definitely broad, covering the full spectrum of financial needs. This diversified financial services approach means clients can consolidate their banking, lending, and wealth management needs with one trusted regional provider. The Commercial Banking side fuels the core, showing robust growth across the footprint in Kentucky, Indiana, and Ohio. For example, total loans grew to $6.93 billion as of Q3 2025, a 10% increase year-over-year. The fee-based services add stability and depth:

• Investment management and financial planning services through the Wealth Management & Trust (WM&T) segment.
• WM&T Assets Under Management (AUM) rose by $163 million year-over-year in Q3 2025.
• Commercial and industrial (C&I) line of credit usage expanded to 37% as of September 30, 2025.
• Mortgage banking and brokerage income showed year-over-year growth.

Customer confidence is directly tied to strong credit quality and financial stability. You want to see the numbers that prove the bank manages risk well, and Stock Yards Bancorp, Inc. delivered on that front in Q3 2025. They maintained the highest regulatory capital rating, designated as "well-capitalized." Here's a quick look at the key stability metrics as of September 30, 2025:

Metric	Value (Q3 2025)	Context
Total Assets	$9.31 billion	Reflecting market trust and regional reach.
Tangible Common Equity Ratio	9.16%	A solid measure of capital strength.
Allowance for Credit Losses to Loans	1.33%	Strong reserve coverage for potential credit issues.
Non-Performing Loans (NPLs) to Loans	0.27%	Indicating very low levels of troubled assets.
Total Deposits Growth (YoY)	+14%	Deposit balances expanded by $918 million over 12 months.

The operational model emphasizes local decision-making with regional scale and product depth. While the bank operates across a tri-state footprint covering Kentucky, Indiana, and Ohio, decisions are kept close to the customer, which speeds up service. This regional scale is evident in the asset base and market penetration; for instance, the Cincinnati market surpassed $1 billion in total loans for the first time. The bank's efficiency in using its assets is clearly shown in its profitability metrics. The Net Interest Margin (NIM) was 3.56% in Q3 2025, showing that earning asset yields expanded faster than the cost of funds, which is a direct result of effective asset deployment. Also, the efficiency ratio improved to 52.99% in that same quarter, showing good cost management alongside growth. If onboarding takes 14+ days, churn risk rises, so speed matters here.

Stock Yards Bancorp, Inc. (SYBT) - Canvas Business Model: Customer Relationships

You're looking at how Stock Yards Bancorp, Inc. keeps its clients engaged, which is really about balancing that old-school, personal touch with the digital tools everyone expects now. The relationship strategy centers on specialized advice for high-net-worth individuals and deep partnership for commercial borrowers.

Dedicated private banking and wealth management advisors are central to serving clients who need more than standard retail banking. The Wealth Management Group (WM&T) is a significant part of the value proposition, managing substantial assets across its services, which include investment management and trust services. As of the third quarter of 2025, the WM&T income stood at $10.7 million. The Assets Under Management for the WM&T Group approximated $7.48 billion. This group also offers dedicated private banking and brokerage services to these clients.

Metric	Value as of Late 2025 Data	Context
Total Assets (SYBT Parent)	$9.31 billion	As of September 30, 2025
Wealth Management & Trust (WM&T) Assets Under Management	Approximating $7.48 billion
WM&T Income	$10.7 million	For the third quarter ended September 30, 2025
Total Loans	$6.93 billion	As of September 30, 2025

For commercial relationships, Stock Yards Bancorp, Inc. emphasizes a high-touch, personal service model. This is evident in the consistent loan growth across all markets, with total loans increasing by 10% year-over-year to $6.93 billion as of September 30, 2025. Commercial and Industrial (C&I) line of credit usage reached 37% as of the period end on September 30, 2025, showing active client utilization of committed credit facilities. The bank focuses on solving problems, not just selling products, working with each client on their unique challenges.

The community-focused engagement is grounded in the physical presence of local branch staff. Stock Yards Bank & Trust Company operates across 3 STATES, with 72 BRANCHES serving markets including Louisville, Central and Eastern Kentucky, Indianapolis, and Cincinnati. This local footprint supports the commitment to building strong, trusted relationships through knowledgeable employees. The bank actively supports local initiatives, for example, the Working In Neighborhoods (WIN) Build A House campaign raised over $200,000 last year to increase homeownership opportunities. They also partner with local organizations to host seminars focused on outreach to minority realtors and highlighting first-time homebuyer resources.

• Operates 72 BRANCHES across 3 STATES.
• Offers specialized programs like the 'Right at Home Loan Program' for low to moderate-income individuals.
• Maintains a commitment to community support, evidenced by participation in the WIN Build A House campaign which raised over $200,000 last year.
• The bank has been serving customers for 119 years as of late 2025.

To handle the day-to-day banking needs efficiently, Stock Yards Bancorp, Inc. provides automated self-service options. Clients use these tools for routine transactions, which frees up staff for more complex advisory work. The bank explicitly provides access to:

• Online banking access.
• Mobile banking platforms.
• Text banking services.
• Telebanking in both English and Spanish.

The Commercial Banking segment also includes treasury management services and merchant services as part of its broader offering to business clients.

Finance: draft 13-week cash view by Friday.

Stock Yards Bancorp, Inc. (SYBT) - Canvas Business Model: Channels

You're looking at how Stock Yards Bancorp, Inc. gets its value proposition to the customer base, which is a mix of traditional and modern delivery methods across its regional footprint.

The physical presence remains a core channel, anchored by a network of 73 physical branch offices as of March 31, 2025. These offices serve the Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets. This physical network supports the Commercial Banking segment's retail lending, deposit services, and commercial lending activities. The bank's total assets stood at $9.31 billion as of September 30, 2025, which these channels help to service and grow.

Relationship teams are central to the service delivery, particularly for higher-value segments. The Commercial Banking segment explicitly utilizes commercial and private banking relationship teams to deliver a range of loan and deposit products. The Wealth Management & Trust (WM&T) segment also relies on relationship-based service for investment management, financial planning, and trust administration.

Digital access is a necessary complement to the physical footprint. Stock Yards Bancorp, Inc. provides online banking and mobile application platforms that allow customers to conduct account management, bill payments, and remote deposits. These platforms support the overall deposit base, which was $7.29 billion as of March 31, 2025.

For retail customers, access to cash is managed through the bank's own infrastructure and partnerships. Retail customers have access to the bank's extensive ATM and ITM (interactive teller machine) network. For Private Banking Checking clients, this includes unlimited ATM fee rebates nationwide, with a daily ATM withdrawal limit set at $1,000.

The mortgage company acts as a distinct channel for residential loan origination within the Commercial Banking segment. For the quarter ending June 2025, the Mortgage Banking activity reported a figure of $1.1Mn.

Here's a quick look at the quantitative aspects of these channels as of late 2025 data points:

Channel Component	Key Metric/Data Point	As of Date/Period
Physical Branch Network	73 branch offices	March 31, 2025
Geographic Footprint	Louisville, Central/Eastern/Northern KY, Indianapolis, Cincinnati MSAs	Late 2025
Total Assets Supported	$9.31 billion	September 30, 2025
Total Loans Serviced	$6.93 billion	September 30, 2025
Mortgage Origination (Quarterly)	$1.1Mn	Quarter Ended June 2025
Private Banking ATM Rebates	Unlimited nationwide	Late 2025
Private Banking Daily ATM Limit	$1,000	Late 2025

The delivery mechanism is clearly segmented to match the customer type, which is defintely a key part of their strategy.

• Commercial Banking segment utilizes relationship teams for C&I and CRE lending.
• WM&T segment focuses on investment management and trust services delivery.
• Online and mobile platforms support basic account management and bill pay.
• The branch network serves as the primary physical touchpoint across three states.

Stock Yards Bancorp, Inc. (SYBT) - Canvas Business Model: Customer Segments

Small to mid-sized businesses (Commercial & Industrial, CRE)

This segment is the core of the Commercial Banking operation, driving significant loan book expansion. Total loans stood at $6.93 billion as of September 30, 2025. Commercial Real Estate (CRE) loans led all categories in growth over the preceding twelve months. Commercial and Industrial (C&I) lines of credit usage expanded to 37% as of September 30, 2025, up from 32% on September 30, 2024. The bank has achieved a $1 billion loan milestone in the Cincinnati market and another $1 billion in the Indianapolis market individually.

Affluent and high-net-worth individuals requiring trust and investment services

The Wealth Management & Trust (WM&T) Group is a key differentiator, holding Assets Under Management (AUM) approximating $7.48 billion as of late 2025. This segment provides investment management, trust administration, private banking, and brokerage services. For the first nine months of 2025, WM&T fee income contributed 44% of the total non-interest income, which amounted to $71.8 million for the same period.

Retail customers in metropolitan and surrounding communities

Stock Yards Bancorp, Inc. serves individuals through its 73 branch offices across the Louisville, central, eastern, and northern Kentucky, Indianapolis, Indiana, and Cincinnati, Ohio metropolitan markets. Total deposits for the bank reached $7.64 billion as of September 30, 2025. The bank's total assets were $9.31 billion at that same date.

Residential real estate borrowers and depositors

Residential real estate loans contributed to the overall loan growth of 10% year-over-year, with total loans reaching $6.93 billion as of September 30, 2025. The mortgage company offers conventional, VA, and FHA financing, and generally sells these residential mortgage loans into the secondary market. Total deposits grew by $918 million, or 14%, over the last 12 months ending September 30, 2025.

Local municipalities and public entities

The Commercial Banking segment provides Treasury Management services, which are utilized by businesses and likely include public entities within its operating footprint in Kentucky, Indiana, and Ohio.

Here's a quick look at the financial scale tied to these customer groups as of September 30, 2025:

Metric	Amount	Customer Segment Focus
Total Loans	$6.93 billion	Commercial & Industrial, CRE, Residential Real Estate Borrowers
Assets Under Management (AUM)	Approx. $7.48 billion	Affluent and High-Net-Worth Individuals (WM&T)
Total Deposits	$7.64 billion	Retail Customers and Businesses
Total Assets	$9.31 billion	Overall Customer Base

The customer relationship is supported by several service offerings:

• Commercial Banking provides deposit services and Treasury Management.
• The mortgage company offers conventional, VA, and FHA financing.
• WM&T provides investment management and trust administration.
• The bank operates 73 branch offices across its markets.

Stock Yards Bancorp, Inc. (SYBT) - Canvas Business Model: Cost Structure

You're looking at the expense side of Stock Yards Bancorp, Inc. (SYBT) operations as of late 2025. For a regional bank, the cost structure is heavily weighted toward people and the money it pays to hold deposits.

The largest single bucket of operating costs, outside of funding costs, is personnel. For the third quarter of 2025, compensation expense alone hit $28,836 thousand, and employee benefits added another $4,878 thousand for that period. This reflects the cost of maintaining a large employee base across the footprint.

Funding costs are critical. While the overall cost of funds saw a minor increase on a linked-quarter basis, the cost of interest-bearing deposits was reported at 2.60% in Q3 2025. The total interest expense on deposits for the quarter was $39,294 thousand.

Non-interest expenses show management is dealing with rising operational costs. Total non-interest expenses for Q3 2025 were $53,831 thousand, which represents an 11% year-over-year increase from Q3 2024's $48,452 thousand. This increase was primarily driven by higher compensation and bonus accruals, plus marketing expenses.

Physical presence is a fixed cost. Occupancy and equipment costs for the 73 branch network-spanning Louisville, central, eastern and northern Kentucky, plus Indianapolis and Cincinnati-totaled $4,086 thousand in Q3 2025, though the year-to-date figure was higher at $12,234 thousand. Remember, management noted plans for two new branches by the end of the year, which will put upward pressure on this line item going into 2026.

Credit quality management is a direct cost, too. The provision for credit losses recognized in Q3 2025 was $1,975 thousand. This provision kept the allowance for credit losses to total loans ratio steady at 1.33% as of September 30, 2025, which is a strong position, down slightly from 1.36% at the end of Q3 2024.

Here's a quick look at the major cost components for the third quarter of 2025:

Cost Category	Q3 2025 Amount (in thousands)	Key Metric/Context
Total Non-Interest Expenses	$53,831	Increased 11% year-over-year
Interest Expense on Deposits	$39,294	Cost of interest-bearing deposits at 2.60%
Compensation Expense	$28,836	Primary driver of personnel costs
Employee Benefits Expense	$4,878	Part of personnel costs
Net Occupancy and Equipment	$4,086	Relates to the 73 branch network
Provision for Credit Losses	$1,975	Expense recognized for the quarter
Allowance for Credit Losses to Loans	1.33%	Ratio as of September 30, 2025

You can see the cost structure is highly sensitive to both interest rate movements affecting deposit funding and personnel costs associated with market expansion.

• Personnel expenses are the largest component of non-interest costs.
• Interest expense on deposits is the primary funding cost.
• Non-interest expenses rose by 11% year-over-year in Q3 2025.
• Occupancy costs support the physical footprint, including planned expansion.
• Credit loss provisioning remains relatively low at $1,975 thousand for the quarter.

Finance: draft 13-week cash view by Friday.

Stock Yards Bancorp, Inc. (SYBT) - Canvas Business Model: Revenue Streams

You're looking at how Stock Yards Bancorp, Inc. actually makes its money, which is a classic, sturdy regional bank model, but with a nice kicker from wealth management. The core engine is definitely the loan book, but the non-interest income provides important diversification, which management noted helps them navigate rate changes. The bank reported total assets of $9.31 billion as of September 2025.

Net Interest Income (NII) from a loan portfolio of $6.93 billion

The primary revenue driver is the Net Interest Income (NII), which comes directly from the spread between what Stock Yards Bancorp, Inc. earns on its assets, like loans, and what it pays on its liabilities, like deposits. As of September 30, 2025, the total loan portfolio stood at $6.93 billion, reflecting a 10% year-over-year increase. This strong earning asset growth fueled a 19% year-over-year increase in NII for the third quarter of 2025. For that quarter, the Net Interest Income reached $77.0 million, with the Net Interest Margin (NIM) expanding to 3.56%. That's the bread and butter of the operation right there.

Here's a quick look at the major components of revenue as of the latest reported periods in 2025:

Revenue Component	Period End/Reference Date	Amount
Total Loans	September 30, 2025	$6.93 billion
Net Interest Income (NII)	Q3 2025	$77.0 million
Net Interest Margin (NIM)	Q3 2025	3.56%
Wealth Management & Trust (WM&T) Income	Q3 2025	$10.7 million
Treasury Management Fees	Q2 2025	$3.0 million
Total Non-Interest Income	Q3 2025	$24.5 million

Fee-based income from Wealth Management & Trust services

The Wealth Management & Trust (WM&T) segment provides a fee-based stream that isn't directly tied to interest rate movements. As of Q3 2025, WM&T income was $10.7 million. This segment manages substantial client assets, with Assets Under Management (AUM) approximating $7.48 billion. The bank saw positive momentum here, with AUM increasing by $163 million compared to the third quarter of 2024.

Treasury management fees from commercial clients

Fees generated from Treasury Management services for commercial clients show consistent growth, which is a good indicator of commercial banking relationship depth. For the second quarter of 2025, these fees reached a record $3.0 million, which was up 6% over the second quarter of 2024.

Service charges on deposit accounts and card income

This category rolls up into the broader non-interest income. While the total non-interest income for Q3 2025 was $24.5 million, a slight 1% decrease year-over-year, specific components show mixed results. For instance, card income in the first quarter of 2025 was down 4% compared to the first quarter of 2024 due to lower transaction volume.

The overall non-interest income stream is diversified, and Stock Yards Bancorp, Inc. management noted that:

• WM&T income was constrained in Q3 2025 by the absence of non-recurring estate fees compared to the prior period.
• Mortgage banking income showed year-over-year growth in Q3 2025.
• The bank recorded a $74,000 gain on the sale of premises and equipment in Q2 2025.

Gains from selling residential mortgage loans into the secondary market

While specific, isolated figures for gains from selling residential mortgage loans aren't explicitly itemized separately from the overall non-interest income, the growth in mortgage banking income in Q3 2025 confirms activity in this area is contributing positively to the fee revenue base. The bank is clearly monetizing its origination activity by moving loans off the balance sheet.

Finance: draft 13-week cash view by Friday.