SCHEDULE: Stock Yards Bancorp Stakeholder Filing

Stock Yards Bank & Trust Company reports beneficial ownership of 5.1% of Stock Yards Bancorp, Inc. common stock as of March 31, 2026.

Summary

• Stock Yards Bank & Trust Company has filed a Schedule 13G, indicating its beneficial ownership of Stock Yards Bancorp, Inc. common stock.
• As of March 31, 2026, the bank beneficially owns 1,510,806 shares, representing 5.1% of the class.
• This ownership is held across various fiduciary capacities, including agent, personal representative, custodian, and trustee.
• The bank has sole voting power over 1,510,806 shares and sole dispositive power over 1,178,897 shares.
• Additionally, there are 139,747 shares where shared dispositive power is held.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a standard disclosure of beneficial ownership and does not provide new financial performance data or strategic updates.

Positives

• Stock Yards Bank & Trust Company's significant stake (5.1%) in its parent company, Stock Yards Bancorp, Inc., suggests a strong alignment of interests and confidence in the company's performance.
• The bank's fiduciary roles in holding these shares indicate a stable, long-term investment strategy rather than a short-term trading position.

Negatives

• The filing does not contain any negative financial or operational information about Stock Yards Bancorp, Inc. itself, as it is a disclosure of ownership by a related entity.

Risks

• Potential conflicts of interest could arise due to the bank's role as a fiduciary for shares of its parent company.
• Regulatory scrutiny could increase if the bank's fiduciary activities are perceived as influencing the control of Stock Yards Bancorp, Inc.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the future performance of Stock Yards Bancorp, Inc.

Management Comments

• "The Bank, in its various fiduciary capacities as agent, personal representative, custodian and trustee, is the beneficial owner (as that term is defined in Rule 13d-3) of 1,510,806 shares of the Common Stock, no par value, of Stock Yards Bancorp, Inc., the Bank's parent company."
• "Other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, certain of the securities held by the Stock Yards Bank & Trust Company in its various fiduciary capacities."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that this filing is a routine Schedule 13G disclosure, common for financial institutions holding significant stakes in their parent or affiliated companies in the banking sector. Such filings are primarily for transparency regarding ownership percentages.

Related Party Transactions

• Stock Yards Bank & Trust Company, as the parent company's bank, holds shares of Stock Yards Bancorp, Inc. in various fiduciary capacities, indicating a related party relationship.

Stakeholder Impact

• Shareholders: The filing confirms a significant ownership stake by the company's bank, potentially indicating stability and alignment of interests.
• Employees: As employees of either the bank or the parent company, their interests are likely aligned with the continued success of Stock Yards Bancorp, Inc.
• Creditors: The stable ownership structure may be viewed positively by creditors, suggesting a consistent management approach.

Key Dates

Keywords

Stock Yards Bancorp, Stock Yards Bank & Trust Company, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Fiduciary, Investment