MEDIUMBuilt-inProduct / Revenue mix
WM&T
“10-K Item 1A: 'Income from WM&T constitutes approximately 44% of non-interest income.'”
SYBT · Concentration risk · 10-K extracted
Stock Yards Bancorp (SYBT) concentration risks
Updated
The most significant concentration Stock Yards Bancorp discloses is WM&T, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Stock Yards Bancorp’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM3
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCounterparty
FNMA and FHLMC
“10-K Item 1A: 'Our ability to generate revenue through mortgage loan sales...depends to a significant degree on programs administered by the FNMA and FHLMC'”
MEDIUMOutside partyLoan_portfolio
large commercial deposits
“10-K Item 1A: 'as a commercial bank, we are dependent on large commercial deposits. We consider the majority of these deposits to be core funds'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile encompasses three moderate-share exposures spanning product, counterparty, and funding dimensions. The wealth management and trust (WM&T) business constitutes approximately 44% of non-interest income, a medium-share, structural exposure reflecting the bank's deliberate investment in fee-based advisory revenue as a complement to net interest income. While the filing does not disclose the precise WM&T percentage from the source quote, the approximate figure cited implies that a meaningful portion of non-interest income is tied to the performance of managed assets and the retention of trust relationships, which can be sensitive to market valuations and client attrition. On the counterparty side, the ability to generate revenue through mortgage loan sales depends significantly on programs administered by FNMA and FHLMC, a medium-share dependency. This structural reliance on government-sponsored enterprise programs for secondary market mortgage liquidity means that changes in GSE policies, conforming loan limits, or program eligibility could affect the company's mortgage banking revenue and gain-on-sale economics. The third exposure involves large commercial deposits, which the company identifies as core funds, a medium-share dependency. The commercial deposit base is characterized as a core funding source, but the reliance on a relatively small number of large depositors introduces concentration risk in the funding structure — particularly relevant in a period of elevated deposit competition or a shock that causes large depositors to move balances. The three exposures are complementary rather than overlapping, and each is moderate in disclosed size. Taken together, they outline a balanced community bank profile: fee income tied to wealth management, mortgage revenue tied to GSE programs, and deposit funding with commercial concentration.
For the engine’s reasoning on SYBT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| SYBT● | Stock Yards Bancorp, Inc. | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.