Stock Yards Bancorp Reports Solid First Quarter Earnings of $29.0 Million or $0.99 per Diluted Share
“Total loans, excluding PPP loans, increased $456 million, or 10%, over the last 12 months, while growing $46 million in the first quarter.
- “Total loans, excluding PPP loans, increased $456 million, or 10%, over the last 12 months, while growing $46 million in the first quarter.
- Deposit balances declined $34 million, or 1%, on the linked quarter, as non-interest bearing demand deposit balances contracted $105 million.
- Net interest income increased $14.3 million, or 29%, for the first quarter of 2023 compared to the first quarter a year ago.
- Total deposits decreased $34 million, or 1%, on the linked quarter, with non-interest bearing demand deposit balances contracting $105 million.