Stock Yards Bancorp Recognized Among Top Small-Cap Banks
Stock Yards Bancorp Celebrated for Excellence
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), the parent company of Stock Yards Bank & Trust Company, has recently earned a prestigious distinction as one of the top-performing small-cap banks in the United States. This recognition comes from Piper Sandler, an esteemed independent investment bank and research firm, which released its annual Sm-All Stars list for 2024. Out of the multitude of banks assessed nationwide, only 30 made the cut for this elite honor.
A Testament to Commitment and Performance
James A. (Ja) Hillebrand, the Chairman and Chief Executive Officer of Stock Yards Bancorp, expressed immense pride in this achievement. He noted, “We are honored to be recognized by Piper Sandler as one of the top performing community banks in the nation, a testament to the solid foundation we have built to generate long-term growth.” This statement underscores the commitment to quality and service that has characterized Stock Yards for many years.
Consistent Recognition Over the Years
This isn’t the first time Stock Yards Bancorp has been acknowledged in this manner. In fact, the bank has secured a place on Piper Sandler’s Sm-All Stars list multiple times — in 2008, 2011, 2019, 2020, 2022, and now in 2024. Such consistency highlights the company’s dedication to performance and excellence in the banking sector.
Financial Strength and Community Focus
Founded in 1988, Stock Yards Bancorp has grown significantly and now boasts $8.32 billion in assets. Its history as the parent company of Stock Yards Bank & Trust Company, which was established in 1904, illustrates a longstanding commitment to serving customers with integrity and a focus on community development. The bank operates in various metropolitan markets, providing an array of banking services to meet the diverse needs of its customer base.
Key Metrics of Success
Piper Sandler’s selection criteria for the Sm-All Stars involved a thorough analysis of numerous metrics, including the bank’s growth metrics, profitability ratios, credit quality, and capital strength. These are essential factors that showcase a bank’s ability to sustain itself over time and continue offering value to its stakeholders.
Emphasizing Future Growth
The recognition from Piper Sandler also highlights the bank's potential for future growth. By maintaining high standards of customer service and community engagement, Stock Yards Bancorp aims to remain a trusted partner in financial services. As markets evolve, the bank's adaptability could contribute substantially to its growth trajectory.
Contact Information
For those interested in learning more, Stock Yards Bancorp is approachable and ready to assist with any inquiries. Contacts can reach out to T. Clay Stinnett, who serves as the Executive Vice President, Treasurer, and Chief Financial Officer, at (502) 625-0890. His experience and dedication to the company further reflect the bank's professional environment.
Frequently Asked Questions
What is the significance of being named a Sm-All Star?
Being named a Sm-All Star by Piper Sandler indicates that a bank is among the top performers in the small-cap banking industry, recognized for its excellent financial metrics and operational strength.
How many times has Stock Yards Bancorp received this accolade?
Stock Yards Bancorp has been honored with the Sm-All Star distinction six times, demonstrating consistent high performance.
What is the primary business of Stock Yards Bancorp?
Stock Yards Bancorp primarily operates as a banking institution, providing a wide range of banking services to both personal and commercial clients.
Who should I contact for more information about Stock Yards Bancorp?
For inquiries related to Stock Yards Bancorp, T. Clay Stinnett is the primary contact and can provide extensive information about the bank's operations.
What does NASDAQ: SYBT represent?
NASDAQ: SYBT is the stock ticker symbol for Stock Yards Bancorp, representing its trading on the Nasdaq Stock Market.
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