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News Breaks
May 21, 2014
07:00 EDTSYBTS.Y. Bancorp raises quarterly cash dividend 5% to 22c per share
Stock Yards Bancorp announced that its Board of Directors has voted to increase the company's quarterly cash dividend 5% to 22c per common share. The new rate will go into effect with the next payment on July 1 to stockholders of record as of June 9.
News For SYBT From The Last 14 Days
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January 27, 2016
07:31 EDTSYBTS.Y. Bancorp reports Q4 EPS 64c, consensus 62c
Net interest income increased $1.3 million or 6% to $22.8 million in the fourth quarter of 2015 from $21.5 million in the prior-year quarter. As anticipated, net interest margin -- on a fully tax-equivalent basis -- remained under pressure throughout 2015, reflecting the prevailing low interest rate environment as well as the impact of heightened competition on lending rates. In the fourth quarter of 2015, net interest margin was 3.57% versus 3.66% in the third quarter of 2015 and 3.67% in the fourth quarter of 2014. Approximately six basis points of the decline in net interest margin in the fourth quarter of 2015 versus the linked third quarter was due to excess liquidity caused by the temporary inflow of short-term public funds at the end of the year. While this excess liquidity is maintained in low-yielding short-term investments and consequently results in lower net interest margin, it does add to earnings. The Company expects liquidity to return to normal levels during the first and second quarters of 2016. Management anticipates continued margin pressure due to competition and the low interest rate environment. Since approximately 65% of the Company's loan portfolio is set at fixed rates and 15% is priced at variable rates with floors of 4%, rate increases will not fully benefit the Company until fixed rate loans reprice and the prime rate, currently at 3.5%, rises to exceed the 4% floors on variable rate loans. However, higher interest rates do immediately increase earnings on the Bank's liquidity.

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