Market Overview

Stock Yards Bancorp Increases Its Quarterly Cash Dividend 9% to $0.25 Per Share, Marking the 11th Increase since the Beginning of 2013

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Stock Yards Bancorp, Inc. (NASDAQ:SYBT), parent company of Stock Yards
Bank & Trust Company, with offices in the Louisville, Indianapolis and
Cincinnati metropolitan markets, today announced that its Board of
Directors has increased the Company's quarterly cash dividend $0.02 or
9% to $0.25 per common share. The new rate will be paid on October 1,
2018, to stockholders of record as of September 17, 2018.

Commenting on the announcement, David P. Heintzman, Chairman and Chief
Executive Officer, said, "We are pleased to announce another substantial
increase in our dividend rate as part of our efforts to maximize returns
for our investors and allow our stockholders to participate more
concretely in the Company's progress. The continued strong financial
performance of the Company and its solid capital position make this
pattern of regular and reliable dividend growth possible, even as we
remain well positioned to capitalize on growth opportunities that arise
in the future. With today's announcement, Stock Yards Bancorp has now
raised its quarterly dividend rate a total of 11 times since 2013,
including two increases during 2018 and each of the previous four years,
resulting in a cumulative increase of 88% over that time."

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $3.3 billion
in assets, was incorporated in 1988 as a bank holding company. It is the
parent company of Stock Yards Bank & Trust Company, which was
established in 1904. The Company's common shares trade on the NASDAQ
Global Select Market under the symbol SYBT. For more information about
Stock Yards Bancorp, visit the Company's website at www.syb.com.

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