Stock Yards Bancorp, Inc. (SYBT): Modelo de negócios Canvas [Jan-2025 Atualizado]

Mergulhe no plano estratégico de estoque Yards Bancorp, Inc. (SYBT), uma potência bancária regional que transforma os serviços financeiros tradicionais por meio de abordagens inovadoras e estratégias orientadas pela comunidade. Esta tela de modelo de negócios revela como o Sybt aproveita seu Forte presença regional Em Kentucky e Indiana, misturando experiências bancárias personalizadas com soluções digitais de ponta para atender empresas locais, empresas agrícolas e clientes individuais. De plataformas digitais abrangentes a atendimento ao cliente focado no relacionamento, o Stock Yards Bancorp demonstra uma abordagem diferenciada ao setor bancário moderno que vai muito além de meras interações transacionais.

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negócios: Parcerias -chave

Associações comerciais locais e câmaras de comércio

O Stock Yards Bancorp mantém parcerias com as seguintes redes de negócios locais:

Organização	Localização	Foco em parceria
Câmara de Comércio de Louisville	Louisville, KY	Desenvolvimento de negócios
Rede de Negócios de Indiana	Indianapolis, IN	Crescimento econômico regional

Provedores de serviços financeiros regionais

As principais parcerias de serviço financeiro incluem:

• Banco federal de empréstimos à habitação de Cincinnati
• Federal Reserve Bank of St. Louis
• Rede de Serviços Financeiros de Visa

Redes de empréstimos comerciais e agrícolas

Os estoques do Bancorp colaboram com redes de empréstimos agrícolas e comerciais:

Rede	Volume total de empréstimos (2023)	Duração da parceria
Consórcio de empréstimos Agrícolas de Kentucky	US $ 127,3 milhões	7 anos
Aliança de Empréstimo Comercial de Indiana	US $ 89,6 milhões	5 anos

Fornecedores de tecnologia para soluções bancárias digitais

Detalhes da parceria de tecnologia:

• Jack Henry & Associados - Plataforma Bancária Core
• FISERV - Soluções bancárias digitais
• MasterCard - Processamento de pagamento

Empresas de seguro e gestão de patrimônio

Parcerias estratégicas em serviços financeiros:

Parceiro	Serviços	Receita de parceria (2023)
Seguro nacional	Integração de produtos de seguro	US $ 12,4 milhões
Raymond James Financial	Referências de gestão de patrimônio	US $ 8,7 milhões

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e pessoais

A partir do quarto trimestre 2023, a Bancorp, estoque, registrou ativos totais de US $ 14,6 bilhões e depósitos totais de US $ 12,4 bilhões. O banco fornece serviços bancários em Kentucky e Indiana com 79 locais bancários de serviço completo.

Categoria de serviço bancário	Volume total
Contas de corrente comercial	37.500 contas
Contas de corrente pessoal	156.000 contas
Portfólio total de empréstimos	US $ 11,2 bilhões

Origem de empréstimos e gerenciamento de portfólio

Em 2023, o Stock Yards Bancorp se originou:

• Empréstimos imobiliários comerciais: US $ 3,7 bilhões
• Empréstimos comerciais e industriais: US $ 2,5 bilhões
• Empréstimos hipotecários residenciais: US $ 1,2 bilhão

Desenvolvimento da plataforma bancária digital

Métricas bancárias digitais para 2023:

Métrica bancária digital	Volume
Usuários bancários móveis	124,000
Transações bancárias online	6,2 milhões
Aberturas de contas digitais	42,500

Gerenciamento de patrimônio e consultoria de investimento

Ações da divisão Bancorp Bancorp Wealth Management Division em 2023:

• Ativos sob gestão: US $ 3,8 bilhões
• Total de clientes de gerenciamento de patrimônio: 22.300
• Valor médio da conta: US $ 170.000

Gerenciamento de riscos e monitoramento de conformidade

Investimentos de conformidade e gerenciamento de riscos em 2023:

Categoria de gerenciamento de riscos	Investimento
Tecnologia de conformidade	US $ 4,2 milhões
Infraestrutura de segurança cibernética	US $ 3,7 milhões
Sistemas de relatórios regulatórios	US $ 2,1 milhões

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negócios: Recursos -chave

Forte Rede Bancária Regional

A partir do quarto trimestre 2023, o Stock Yards Bancorp opera 89 locais bancários totais em Kentucky e Indiana. O banco mantém uma presença concentrada em:

• Área metropolitana de Louisville: 42 filiais
• Área metropolitana de Indianapolis: 27 ramos
• Southern Indiana: 12 filiais
• Mercados rurais de Kentucky: 8 ramos

Profissionais de gestão e bancos experientes

Métrica de Gerenciamento	Dados quantitativos
Experiência de gerenciamento médio	22,4 anos
Total de funcionários	1,247
Posse de liderança sênior	15,6 anos

Infraestrutura de tecnologia bancária digital avançada

Investimento de tecnologia em 2023: US $ 12,4 milhões

• Usuários da plataforma bancária móvel: 187.000
• Taxa de penetração bancária online: 68%
• Porcentagem de transação digital: 42%

Capital financeiro robusto e reservas

Métrica financeira	Quantia
Total de ativos	US $ 14,3 bilhões
Índice de capital de camada 1	12.7%
Equidade do acionista	US $ 1,6 bilhão
Reservas de caixa	US $ 378 milhões

Relacionamentos estabelecidos do cliente e reputação da marca

Métricas da base de clientes:

• Total de contas de clientes: 328.000
• Clientes bancários comerciais: 14.700
• Clientes bancários pessoais: 313.300
• Taxa de retenção de clientes: 87,3%

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negócios: proposições de valor

Serviços bancários personalizados para empresas e indivíduos locais

A partir do quarto trimestre de 2023, o Stock Yards Bancorp registrou ativos totais de US $ 14,1 bilhões, com foco em soluções bancárias personalizadas. O banco atende 16 municípios em Kentucky e Indiana, prestando serviços especializados a segmentos de mercado local.

Categoria de serviço	Total de clientes	Penetração de mercado
Banking de negócios	8.750 clientes comerciais	62% de participação de mercado nas regiões primárias
Bancos pessoais	127.500 clientes individuais	48% de penetração no mercado regional

Taxas de juros competitivas e produtos financeiros

Os estoques oferecem produtos financeiros competitivos com as seguintes estruturas de taxa:

• Taxas de verificação de negócios: 0,25% - 1,50%
• Taxas de poupança pessoal: 0,10% - 3,25%
• Taxas de empréstimos comerciais: 5,75% - 8,90%

Canais bancários digitais e tradicionais abrangentes

Canal	Estatísticas de uso	Crescimento anual
Mobile Banking	87.500 usuários ativos	22% de crescimento ano a ano
Bancos online	112.000 usuários ativos	18% de crescimento ano a ano
Ramos físicos	44 Locais totais	Expansão de rede de ramificação de 2%

Abordagem de atendimento ao cliente orientada por relacionamento

Taxa de retenção de clientes: 94,3% a partir de 2023, com uma duração média do relacionamento com o cliente de 7,6 anos.

Tomada de decisão local e bancos focados na comunidade

O Stock Yards Bancorp investiu US $ 3,2 milhões em programas de desenvolvimento comunitário local em 2023, com 78% das decisões de empréstimos tomadas nos mercados locais.

Categoria de investimento comunitário	Investimento total	Impacto
Subsídios para pequenas empresas	US $ 1,4 milhão	237 empresas locais suportadas
Bolsas de estudo educacionais	$650,000	128 alunos financiados
Infraestrutura comunitária	US $ 1,15 milhão	12 projetos de infraestrutura local

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negócios: relacionamentos com o cliente

Gerentes de relacionamento dedicados

A partir de 2024, o Stock Yards Bancorp fornece 87 gerentes de relacionamento dedicados em sua Rede Bancária Estadual (Kentucky, Indiana, Ohio e Tennessee).

Categoria Gerente de Relacionamento	Número de gerentes	Portfólio médio de clientes
Bancos comerciais	42	35-40 clientes comerciais por gerente
Bancos pessoais	45	150-200 clientes individuais por gerente

Consultoria financeira personalizada

O Stock Yards Bancorp oferece serviços especializados de consultoria financeira com os seguintes parâmetros:

• Sessões de planejamento financeiro gratuito para clientes com US $ 250.000 em ativos
• Consultas de planejamento de aposentadoria disponíveis em 12 locais da filial
• Tempo médio de consulta: 90 minutos por cliente

Suporte ao cliente multicanal

Canal de suporte	Horário disponível	Tempo médio de resposta
Suporte telefônico	7:30 - 19:00 EST	2-3 minutos
Chat online	8:00 - 18:00 EST	45-60 segundos
Suporte ao aplicativo móvel	24/7	Imediato

Engajamento da comunidade e patrocínios de eventos locais

Em 2023, a Stock Yards Bancorp investiu US $ 427.000 em patrocínios da comunidade local em 4 estados, apoiando 63 eventos comunitários.

Programas de fidelidade e retenção de clientes

Métricas de retenção de clientes para jardas de estoque Bancorp a partir de 2024:

• Taxa anual de retenção de clientes: 89,4%
• Duração média do relacionamento do cliente: 7,6 anos
• Associação do programa de fidelidade: 42% da base total de clientes

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negócios: canais

Rede de ramificação física

A partir de 2023, o Stock Yards Bancorp opera 56 locais bancários de serviço completo em dois mercados primários:

Estado	Número de ramificações
Kentucky	40
Indiana	16

Plataforma bancária online

Os recursos bancários digitais incluem:

• Acesso à conta em tempo real
• Pagamento eletrônico da conta
• Transferências de fundos
• Depósito de cheque móvel

Aplicativo bancário móvel

Principais estatísticas de aplicativos móveis:

Métrica	Valor
Downloads de aplicativos móveis	87,500
Usuários ativos mensais	62,300

Rede ATM

Os estoques bancorp fornecem 42 Locais proprietários de atm Com acesso adicional através:

• Rede Allpoint
• Rede ATM do MoneyPass

Suporte ao cliente de telefone e digital

Canais de suporte ao cliente:

Canal de suporte	Horário de funcionamento
Call center	7:30 - 18:00 EST
Chat online	8:00 - 17:00 EST
Suporte por e -mail	24/7

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

Pequenas e médias empresas

A partir do quarto trimestre de 2023, o Stock Yards Bancorp atende a aproximadamente 12.500 clientes bancários de negócios em Kentucky e Indiana. A carteira de empréstimos comerciais do banco totalizou US $ 2,3 bilhões, com foco em empresas com receita anual entre US $ 1 milhão e US $ 50 milhões.

Segmento de negócios	Número de clientes	Valor total do empréstimo
Fabricação	1,850	US $ 412 milhões
Serviços profissionais	2,300	US $ 328 milhões
Comércio de varejo	1,675	US $ 276 milhões

Empresas do setor agrícola

O Stock Yards Bancorp fornece serviços bancários agrícolas especializados com uma carteira de empréstimos de US $ 385 milhões dedicados a empresas agrícolas. O banco atende aproximadamente 1.200 clientes agrícolas em Kentucky e Indiana.

• Empréstimos de produção agrícola: US $ 215 milhões
• Financiamento de gado: US $ 92 milhões
• Financiamento de equipamentos agrícolas: US $ 78 milhões

Indivíduos de alta rede

O banco mantém um segmento bancário privado direcionar indivíduos com patrimônio líquido superior a US $ 1 milhão. A partir de 2023, esse segmento inclui 2.750 clientes com ativos gerenciados totais de US $ 1,4 bilhão.

Faixa de ativos	Número de clientes	Total de ativos gerenciados
$ 1m - US $ 5m	1,950	US $ 512 milhões
US $ 5 milhões - US $ 10 milhões	450	US $ 312 milhões
US $ 10 milhões+	350	US $ 576 milhões

Profissionais da comunidade local

Os estoques da Bancorp têm como alvo profissionais locais com produtos bancários especializados. A base de clientes inclui 8.700 titulares de contas profissionais em vários setores.

• Profissionais de saúde: 2.350 clientes
• Profissionais jurídicos: 1.450 clientes
• Profissionais educacionais: 1.200 clientes
• Profissionais de tecnologia: 1.350 clientes
• Outros serviços profissionais: 2.350 clientes

Clientes bancários de varejo em Kentucky e Indiana

O banco atende a 87.500 clientes bancários de varejo em sua rede regional. Os depósitos totais de varejo atingiram US $ 3,2 bilhões em 2023.

Tipo de cliente	Número de clientes	Saldo médio da conta
Verificação pessoal	52,300	$8,750
Contas de poupança	35,200	$15,600

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negócios: estrutura de custos

Despesas operacionais de ramificação

A partir do ano fiscal de 2023, o Stock Yards Bancorp registrou despesas operacionais totais de filial de US $ 43,2 milhões. Isso inclui:

Categoria de despesa	Valor ($)
Aluguel e ocupação	12,600,000
Utilitários	3,800,000
Manutenção	5,700,000
Segurança	2,100,000

Manutenção de tecnologia e infraestrutura digital

Os custos de infraestrutura tecnológica para 2023 totalizaram US $ 18,5 milhões, com a seguinte quebra:

• Infraestrutura de TI: US $ 8.200.000
• Sistemas de segurança cibernética: US $ 4.700.000
• Plataforma bancária digital: US $ 3.600.000
• Licenciamento de software: US $ 2.000.000

Salários e benefícios dos funcionários

As despesas totais de compensação para 2023 foram de US $ 97,3 milhões:

Categoria de compensação	Valor ($)
Salários da base	68,100,000
Seguro de saúde	12,400,000
Benefícios de aposentadoria	9,800,000
Bônus de desempenho	7,000,000

Custos de conformidade regulatória

As despesas de conformidade regulatória em 2023 totalizaram US $ 12,6 milhões:

• Taxas legais e de consultoria: US $ 5.200.000
• Software de conformidade: US $ 3.100.000
• Programas de treinamento: US $ 2.500.000
• Despesas de auditoria: US $ 1.800.000

Despesas de marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 7,9 milhões:

Canal de marketing	Valor ($)
Publicidade digital	3,100,000
Mídia tradicional	2,300,000
Eventos da comunidade	1,500,000
Materiais promocionais	1,000,000

Stock Yards Bancorp, Inc. (SYBT) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos e investimentos

Para o ano fiscal de 2023, o Stock Yards Bancorp registrou receita total de juros de US $ 318,3 milhões. Isso inclui:

Fonte de renda de juros	Valor ($)
Interesse em empréstimos	US $ 276,5 milhões
Juros sobre títulos de investimento	US $ 41,8 milhões

Taxas de serviço bancário

Em 2023, as taxas de serviço bancário geraram US $ 52,4 milhões em receita, incluindo:

• Cobranças de serviço de conta de depósito: US $ 22,1 milhões
• Taxas de transação em caixa eletrônico e de débito: US $ 15,6 milhões
• Taxas de serviço bancário comercial: US $ 14,7 milhões

Receitas consultivas de gestão de patrimônio

Os serviços de consultoria em gerenciamento de patrimônio contribuíram com US $ 37,9 milhões em 2023:

Serviço de consultoria	Receita ($)
Planejamento financeiro	US $ 18,3 milhões
Gerenciamento de investimentos	US $ 19,6 milhões

Taxas de transação

As taxas de transação para 2023 totalizaram US $ 24,6 milhões, incluindo:

• Taxas de transferência de fio: US $ 8,2 milhões
• Taxas de transação cambial: US $ 6,4 milhões
• Taxas de transação bancária online: US $ 10,0 milhões

Comissões de produtos de investimento

As comissões de produtos de investimento para 2023 totalizaram US $ 16,5 milhões, divididas da seguinte forma:

Produto de investimento	Receita da Comissão ($)
Fundos mútuos	US $ 7,8 milhões
Serviços de corretagem	US $ 5,9 milhões
Produtos da conta de aposentadoria	US $ 2,8 milhões

Fluxos totais de receita para 2023: US $ 449,7 milhões

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.