SEC Comment Letter 0000000000-24-013437 to Stock Yards Bancorp, Inc. (SYBT) (CIK 0000835324) (SYBT)
Stock Yards Bancorp, Inc. (SYBT) (CIK 0000835324)
Date: Dec. 5, 2024 · CIK: 0000835324 · Accession: 0000000000-24-013437
AI Filing Summary & Sentiment
File numbers found in text: 001-13661
Letter
December 5, 2024 T. Clay Stinnett EVP and CFO Stock Yards Bancorp, Inc. 1040 East Main Street Louisville, Kentucky 40206 Re:Stock Yards Bancorp, Inc. Form 10-K for the Fiscal Year Ended December 31, 2023 File No. 001-13661 Dear T. Clay Stinnett: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2023 Management’s Discussion and Analysis of Financial Condition and Results of Operations Deposits, page 67 1.Please revise future filings to disclose the total amount of uninsured deposits in accordance with Item 1406(e) of Regulation S-K. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Sarmad Makhdoom at 202-551-5776 or Robert Klein at 202-551-3847 with any questions.
December 5, 2024 Page 2 Sincerely, Division of Corporation Finance Office of Finance
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December 5, 2024
T. Clay Stinnett
EVP and CFO
Stock Yards Bancorp, Inc.
1040 East Main Street
Louisville, Kentucky 40206
Re:Stock Yards Bancorp, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2023
File No. 001-13661
Dear T. Clay Stinnett:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2023
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Deposits, page 67
1.Please revise future filings to disclose the total amount of uninsured deposits in
accordance with Item 1406(e) of Regulation S-K.
In closing, we remind you that the company and its management are responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of action by the staff.
Please contact Sarmad Makhdoom at 202-551-5776 or Robert Klein at 202-551-3847
with any questions.
December 5, 2024
Page 2
Sincerely,
Division of Corporation Finance
Office of Finance