A New Era of Leadership: David L. Hardy Joins Stock Yards Bancorp Boards

LOUISVILLE, Ky. – August 22, 2025 – Stock Yards Bancorp, Inc. (NASDAQ: SYBT), the parent company of Stock Yards Bank & Trust Company, today announced a pivotal addition to its leadership team, welcoming David L. Hardy to its Boards of Directors. Mr. Hardy’s appointment to both the Company and the Bank’s boards is effective August 22, 2025, marking a significant step in bolstering the institution’s strategic direction and market presence.

Mr.

Hardy is a highly respected figure in the business community, currently serving as the President and Chief Executive Officer of Hardy Oil Company, Inc., a position he has held with distinction since 1990. His extensive experience spans decades, characterized by astute leadership and a deep understanding of market dynamics.

This appointment comes on the heels of Stock Yards Bancorp’s successful acquisition of Kentucky Bank on June 1, 2024.

Mr. Hardy previously served as a Director of Kentucky Bank and its holding company, Kentucky Bancshares, Inc., since 1993. His profound insights and long-standing involvement with Kentucky Bank make him an invaluable asset as Stock Yards Bancorp continues to seamlessly integrate operations and expand its footprint, particularly within the central Kentucky market.

James A.

Hillebrand, Chairman and Chief Executive Officer of Stock Yards Bancorp, Inc., expressed his enthusiasm for Mr. Hardy’s arrival. “We are delighted to welcome David to our Boards,” said Hillebrand. “His three decades of dedicated service on the Kentucky Bank board, coupled with his remarkable leadership at Hardy Oil Company and extensive community involvement, bring a wealth of experience and a unique perspective.

David’s deep understanding of the central Kentucky market will be instrumental as we continue to grow and serve our clients with excellence.”

Mr. Hardy’s impressive background includes earning a Bachelor of Science degree in Business Administration from the esteemed University of Kentucky.

His academic foundation, combined with his practical experience in business and banking, positions him perfectly to contribute to Stock Yards Bancorp’s continued success and strategic initiatives.

Stock Yards Bancorp, Inc., established in 1904, has grown into a premier financial services company.

Through its subsidiary, Stock Yards Bank & Trust Company, it offers a comprehensive suite of financial solutions. These include robust commercial and personal banking services, sophisticated wealth management, and trusted fiduciary services. With a robust network of 79 branches, the company proudly serves communities across Louisville, central, and eastern Kentucky, as well as key markets in Indianapolis, Indiana, and Cincinnati, Ohio.

The addition of Mr. Hardy to the boards reaffirms Stock Yards Bancorp's commitment to strong governance and strategic growth, promising enhanced value for its shareholders, customers, and the communities it serves.