Stock Yards Bancorp, Inc. (SYBT): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico de Stock Yards Bancorp, Inc. (SYBT), una potencia bancaria regional que transforma los servicios financieros tradicionales a través de enfoques innovadores y estrategias impulsadas por la comunidad. Este lienzo de modelo de negocio revela cómo SYBT aprovecha su fuerte presencia regional En Kentucky e Indiana, combina experiencias bancarias personalizadas con soluciones digitales de vanguardia para atender a empresas locales, empresas agrícolas y clientes individuales. Desde plataformas digitales integrales hasta servicio al cliente centrado en las relaciones, Stock Yards Bancorp demuestra un enfoque matizado para la banca moderna que va mucho más allá de las meras interacciones transaccionales.

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocios: asociaciones clave

Asociaciones comerciales locales y cámaras de comercio

Yardas de stock Bancorp mantiene asociaciones con las siguientes redes comerciales locales:

Organización	Ubicación	Enfoque de asociación
Cámara de Comercio de Louisville	Louisville, KY	Desarrollo comercial
Red de Negocios de Indiana	Indianápolis, en	Crecimiento económico regional

Proveedores de servicios financieros regionales

Las asociaciones clave del servicio financiero incluyen:

• Banco federal de préstamos hipotecarios de Cincinnati
• Banco de la Reserva Federal de St. Louis
• Red de servicios financieros de visa

Redes de préstamos comerciales y agrícolas

Yardas de stock Bancorp colabora con redes de préstamos agrícolas y comerciales:

Red	Volumen total de préstamos (2023)	Duración de la asociación
Consorcio de préstamos agrícolas de Kentucky	$ 127.3 millones	7 años
Alianza de préstamos comerciales de Indiana	$ 89.6 millones	5 años

Proveedores de tecnología para soluciones de banca digital

Detalles de la asociación tecnológica:

• Jack Henry & Asociados - Plataforma bancaria central
• FISERV - Soluciones de banca digital
• MasterCard - Procesamiento de pagos

Empresas de gestión de seguros y patrimonio

Asociaciones estratégicas en servicios financieros:

Pareja	Servicios	Ingresos de la asociación (2023)
Seguro nacional	Integración de productos de seguro	$ 12.4 millones
Raymond James Financial	Referencias de gestión de patrimonio	$ 8.7 millones

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocio: actividades clave

Servicios bancarios comerciales y personales

A partir del cuarto trimestre de 2023, las yardas de acciones Bancorp informaron activos totales de $ 14.6 mil millones y depósitos totales de $ 12.4 mil millones. El banco ofrece servicios bancarios en Kentucky e Indiana con 79 ubicaciones bancarias de servicio completo.

Categoría de servicio bancario	Volumen total
Cuentas corrientes comerciales	37,500 cuentas
Cuentas corrientes personales	156,000 cuentas
Cartera de préstamos totales	$ 11.2 mil millones

Originación de préstamo y gestión de cartera

En 2023, se originó los yardas de stock:

• Préstamos inmobiliarios comerciales: $ 3.7 mil millones
• Préstamos comerciales e industriales: $ 2.5 mil millones
• Préstamos hipotecarios residenciales: $ 1.2 mil millones

Desarrollo de la plataforma de banca digital

Métricas de banca digital para 2023:

Métrica de banca digital	Volumen
Usuarios de banca móvil	124,000
Transacciones bancarias en línea	6.2 millones
Aperturas de cuentas digitales	42,500

Aviso de gestión de patrimonio e inversiones

Stock Yards Bancorp División de gestión de patrimonio Bancorp en 2023:

• Activos bajo administración: $ 3.8 mil millones
• CLIENTES TOTALES DE GESTIÓN DE PAGRA: 22,300
• Valor de cuenta promedio: $ 170,000

Gestión de riesgos y monitoreo de cumplimiento

Inversiones de cumplimiento y gestión de riesgos en 2023:

Categoría de gestión de riesgos	Inversión
Tecnología de cumplimiento	$ 4.2 millones
Infraestructura de ciberseguridad	$ 3.7 millones
Sistemas de informes regulatorios	$ 2.1 millones

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocio: recursos clave

Red bancaria regional fuerte

A partir del cuarto trimestre de 2023, Stock Yards Bancorp opera 89 ubicaciones bancarias totales en Kentucky e Indiana. El banco mantiene una presencia concentrada en:

• Área metropolitana de Louisville: 42 ramas
• Área metropolitana de Indianapolis: 27 ramas
• Sur de Indiana: 12 ramas
• Mercados rurales de Kentucky: 8 sucursales

Profesionales de gestión y banca experimentados

Métrica de gestión	Datos cuantitativos
Experiencia de gestión promedio	22.4 años
Total de empleados	1,247
Tenencia de liderazgo senior	15.6 años

Infraestructura avanzada de tecnología de banca digital

Inversión tecnológica en 2023: $ 12.4 millones

• Usuarios de la plataforma de banca móvil: 187,000
• Tasa de penetración bancaria en línea: 68%
• Porcentaje de transacción digital: 42%

Capital financiero y reservas robustas

Métrica financiera	Cantidad
Activos totales	$ 14.3 mil millones
Relación de capital de nivel 1	12.7%
Equidad de los accionistas	$ 1.6 mil millones
Reservas de efectivo	$ 378 millones

Relaciones establecidas de clientes y reputación de la marca

Métricas de la base de clientes:

• Cuentas totales de clientes: 328,000
• Clientes de banca comercial: 14,700
• Clientes de banca personal: 313,300
• Tasa de retención de clientes: 87.3%

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocio: propuestas de valor

Servicios bancarios personalizados para empresas e individuos locales

A partir del cuarto trimestre de 2023, Stock Yards Bancorp informó activos totales de $ 14.1 mil millones, con un enfoque en soluciones bancarias a medida. El banco atiende a 16 condados en Kentucky e Indiana, brindando servicios especializados a los segmentos del mercado local.

Categoría de servicio	Total de clientes	Penetración del mercado
Banca de negocios	8.750 clientes comerciales	62% de participación de mercado en regiones primarias
Banca personal	127,500 clientes individuales	48% de penetración del mercado regional

Tasas de interés competitivas y productos financieros

Stock Yards ofrece productos financieros competitivos con las siguientes estructuras de tarifas:

• Tasas de verificación de negocios: 0.25% - 1.50%
• Tasas de ahorro personal: 0.10% - 3.25%
• Tasas de préstamo comercial: 5.75% - 8.90%

Canales bancarios digitales y tradicionales completos

Canal	Estadísticas de uso	Crecimiento anual
Banca móvil	87,500 usuarios activos	22% de crecimiento año tras año
Banca en línea	112,000 usuarios activos	18% de crecimiento año tras año
Ramas físicas	44 ubicaciones totales	Expansión de la red de sucursales del 2%

Enfoque de servicio al cliente basado en relaciones

Tasa de retención de clientes: 94.3% a partir de 2023, con una duración promedio de la relación con el cliente de 7.6 años.

Toma de decisiones locales y banca centrada en la comunidad

Stock Yards Bancorp invirtió $ 3.2 millones en programas de desarrollo comunitario local en 2023, con el 78% de las decisiones de préstamo tomadas en los mercados locales.

Categoría de inversión comunitaria	Inversión total	Impacto
Subvenciones de pequeñas empresas	$ 1.4 millones	237 empresas locales apoyadas
Becas educativas	$650,000	128 estudiantes financiados
Infraestructura comunitaria	$ 1.15 millones	12 proyectos de infraestructura local

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocios: relaciones con los clientes

Gerentes de relaciones dedicadas

A partir de 2024, Stock Yards Bancorp proporciona 87 gerentes de relaciones dedicadas en su red bancaria estatal (Kentucky, Indiana, Ohio y Tennessee).

Categoría de gerente de relaciones	Número de gerentes	Cartera promedio de clientes
Banca comercial	42	35-40 clientes comerciales por gerente
Banca personal	45	150-200 clientes individuales por gerente

Consultoría financiera personalizada

Yardas de acciones Bancorp ofrece servicios especializados de consultoría financiera con los siguientes parámetros:

• Sesiones de planificación financiera gratuita para clientes con $ 250,000+ en activos
• Consultas de planificación de jubilación disponibles en 12 sucursales
• Tiempo de consulta promedio: 90 minutos por cliente

Atención al cliente multicanal

Canal de soporte	Horario disponible	Tiempo de respuesta promedio
Soporte telefónico	7:30 am - 7:00 pm EST	2-3 minutos
Chat en línea	8:00 am - 6:00 pm EST	45-60 segundos
Soporte de aplicaciones móviles	24/7	Inmediato

Participación comunitaria y patrocinios de eventos locales

En 2023, Stock Yards Bancorp invirtió $ 427,000 en patrocinios comunitarios locales en 4 estados, apoyando 63 eventos comunitarios.

Programas de fidelización y retención de clientes

Métricas de retención de clientes para yardas de stock bancorp a partir de 2024:

• Tasa anual de retención de clientes: 89.4%
• Duración promedio de la relación con el cliente: 7.6 años
• Membresía del programa de fidelización: 42% de la base total de clientes

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocio: canales

Red de sucursales físicas

A partir de 2023, el stock yardas bancorp funciona 56 ubicaciones bancarias de servicio completo En dos mercados primarios:

Estado	Número de ramas
Kentucky	40
Indiana	16

Plataforma bancaria en línea

Las características bancarias digitales incluyen:

• Acceso a la cuenta en tiempo real
• Pago de facturas electrónicas
• Transferencias de fondos
• Depósito de cheque móvil

Aplicación de banca móvil

Estadísticas clave de aplicaciones móviles:

Métrico	Valor
Descargas de aplicaciones móviles	87,500
Usuarios activos mensuales	62,300

Red de cajeros automáticos

Stock Yards Bancorp proporciona 42 ubicaciones de cajeros automáticos patentados con acceso adicional a través de:

• Red de Allanding
• Red de cajero automático de MoneyPass

Atención al cliente de teléfono y digital

Canales de atención al cliente:

Canal de soporte	Horas de funcionamiento
Centro de llamadas	7:30 am - 6:00 pm EST
Chat en línea	8:00 am - 5:00 pm EST
Soporte por correo electrónico	24/7

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocio: segmentos de clientes

Empresas pequeñas a medianas

A partir del cuarto trimestre de 2023, Stock Yards Bancorp atiende a aproximadamente 12.500 clientes de banca comercial en Kentucky e Indiana. La cartera de préstamos comerciales del banco totalizó $ 2.3 mil millones, con un enfoque en las empresas con ingresos anuales entre $ 1 millón y $ 50 millones.

Segmento de negocios	Número de clientes	Valor total del préstamo
Fabricación	1,850	$ 412 millones
Servicios profesionales	2,300	$ 328 millones
Comercio al por menor	1,675	$ 276 millones

Empresas del sector agrícola

Stock Yards Bancorp ofrece servicios de banca agrícola especializadas con una cartera de préstamos de $ 385 millones dedicados a las empresas agrícolas. El banco atiende a aproximadamente 1,200 clientes agrícolas en Kentucky e Indiana.

• Préstamos de producción de cultivos: $ 215 millones
• Financiamiento de ganado: $ 92 millones
• Financiamiento de equipos agrícolas: $ 78 millones

Individuos de alto nivel de red

El banco mantiene un segmento de banca privada Dirigirse a las personas con patrimonio neto superior a $ 1 millón. A partir de 2023, este segmento incluye 2.750 clientes con activos administrados totales de $ 1.4 mil millones.

Rango de activos	Número de clientes	Activos totales administrados
$ 1M - $ 5M	1,950	$ 512 millones
$ 5M - $ 10M	450	$ 312 millones
$ 10M+	350	$ 576 millones

Profesionales de la comunidad local

Los yardas de stock Bancorp se dirigen a profesionales locales con productos bancarios especializados. La base de clientes incluye 8,700 titulares de cuentas profesionales en varios sectores.

• Profesionales de la salud: 2,350 clientes
• Profesionales legales: 1.450 clientes
• Profesionales educativos: 1.200 clientes
• Profesionales de tecnología: 1.350 clientes
• Otros servicios profesionales: 2,350 clientes

Clientes de banca minorista en Kentucky e Indiana

El banco atiende a 87,500 clientes de banca minorista en su red regional. Los depósitos minoristas totales alcanzaron los $ 3.2 mil millones en 2023.

Tipo de cliente	Número de clientes	Saldo de cuenta promedio
Comprobación personal	52,300	$8,750
Cuentas de ahorro	35,200	$15,600

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocio: Estructura de costos

Gastos operativos de rama

A partir del año fiscal 2023, las acciones de Bancorp informaron gastos operativos totales de la sucursal de $ 43.2 millones. Esto incluye:

Categoría de gastos	Monto ($)
Alquiler y ocupación	12,600,000
Utilidades	3,800,000
Mantenimiento	5,700,000
Seguridad	2,100,000

Tecnología y mantenimiento de infraestructura digital

Los costos de infraestructura tecnológica para 2023 totalizaron $ 18.5 millones, con el siguiente desglose:

• Infraestructura: $ 8,200,000
• Sistemas de ciberseguridad: $ 4,700,000
• Plataforma de banca digital: $ 3,600,000
• Licencias de software: $ 2,000,000

Salarios y beneficios de los empleados

Los gastos de compensación total para 2023 fueron de $ 97.3 millones:

Categoría de compensación	Monto ($)
Salarios base	68,100,000
Seguro médico	12,400,000
Beneficios de jubilación	9,800,000
Bonos de rendimiento	7,000,000

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para 2023 ascendieron a $ 12.6 millones:

• Tarifas legales y de consultoría: $ 5,200,000
• Software de cumplimiento: $ 3,100,000
• Programas de capacitación: $ 2,500,000
• Gastos de auditoría: $ 1,800,000

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2023 fueron de $ 7.9 millones:

Canal de marketing	Monto ($)
Publicidad digital	3,100,000
Medios tradicionales	2,300,000
Eventos comunitarios	1,500,000
Materiales promocionales	1,000,000

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos e inversiones

Para el año fiscal 2023, las acciones de Bancorp informaron ingresos por intereses totales de $ 318.3 millones. Esto incluye:

Fuente de ingresos por intereses	Monto ($)
Interés en los préstamos	$ 276.5 millones
Interés en valores de inversión	$ 41.8 millones

Tarifas de servicio bancario

En 2023, las tarifas de servicio bancario generaron $ 52.4 millones en ingresos, que incluyen:

• CARGOS DE SERVICIO DE CUENTA DE DISPOSITOS: $ 22.1 millones
• Tarifas de transacción de tarjetas de cajero automático y de débito: $ 15.6 millones
• Tarifas de servicio de banca comercial: $ 14.7 millones

Ingresos de asesoría de gestión de patrimonio

Los servicios de asesoramiento de gestión de patrimonio contribuyeron con $ 37.9 millones en 2023:

Servicio de asesoramiento	Ingresos ($)
Planificación financiera	$ 18.3 millones
Gestión de inversiones	$ 19.6 millones

Tarifas de transacción

Las tarifas de transacción para 2023 ascendieron a $ 24.6 millones, que incluyen:

• Tasas de transferencia de cables: $ 8.2 millones
• Tarifas de transacción de divisas: $ 6.4 millones
• Tarifas de transacción bancaria en línea: $ 10.0 millones

Comisiones de productos de inversión

Las comisiones de productos de inversión para 2023 totalizaron $ 16.5 millones, desglosados ​​de la siguiente manera:

Producto de inversión	Ingresos de la Comisión ($)
Fondos mutuos	$ 7.8 millones
Servicios de corretaje	$ 5.9 millones
Productos de cuentas de jubilación	$ 2.8 millones

Flujos de ingresos totales para 2023: $ 449.7 millones

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.