S.Y. Bancorp is a bank holding company headquartered in Louisville, KY that trades on the NASDAQ under the symbol SYBT. It has over $2 billion in assets and provides banking services through its subsidiary, Stock Yards Bank & Trust, which operates 31 locations across Kentucky, Indiana, and Ohio. The presentation outlines SYBT's financial performance, business strategy, and growth opportunities. Key points include its conservative credit culture, significant fee income from wealth management, and potential for further expansion in its market areas.

1. S. Y. Bancorp, I
S Y B Inc.
KBW Conference
New York
N Y k
2012

2. Cautionary statement for investors
This presentation contains forward-looking statements about
future financial performance, business plans and strategies of
S.Y. Bancorp, Inc. Because forward-looking statements
involve risks and uncertainties, actual results may diff
i l i k d t i ti t l lt differ
materially from those expressed or implied. We caution
investors not to place undue reliance on these forward-
looking statements and advise them to carefully review the
risk factors described in documents that the Company files
with the Securities and Exchange Commission, including
g , g
the Company’s most recent Annual Report on Form 10-K
and Quarterly Report on Form 10-Q.

3. Company profile
• Founded in 1904
• Headquartered in Louisville, Kentucky
• Trades on NASDAQ Global Select under the symbol SYBT
• Holding company for Stock Yards Bank & Trust Company
having 31 full-service locations in the Louisville
full service Louisville,
Indianapolis, and Cincinnati MSAs
• Bank assets of $2.1 billion at June 30, 2012
• Trust assets under management of $1.85 billion at
June 30, 2012

4. Overview: SYBT vs. industry
Non-performing Net charge offs /
Return on assets
loans/ total loans total loans
2006 2009 2011 2006 2009 2011 2006 2009 2011
US Banks >
0.8% 6.0% 4.3% 0.5% 2.9% 1.7% 1.3% (.1%) 0.9%
$10 billion
US Banks
0.7% 4.5% 3.8% 0.2% 2.1% 1.2% 1.3% (.5%) 0.8%
$1-$10 billion
S. Y. Bancorp 0 6% 0 8% 1 5% 0 2%
S Y B 0.6% 0.8% 1.5% 0.2% 0.6% 0.6% 1.7% 1.0% 1.2%
0 6% 0 6% 1 7% 1 0% 1 2%
Source: FDIC.gov

5. Three-year financial highlights
2011 2010 2009
Net interest income $ 70,732 $ 66,879 $ 58,675
Trust department
$ 13,841 $ 13,260 $ 11,180
revenue
Net income $ 23,604 $ 22,953 $ 16,308
Return on average equ ty
etu o ave age equity 13.1%
3. % 14.0%
.0% 10.8%
0.8%
Return on average assets 1.20% 1.24% 0.95%
Total assets $2,053,000 $1,903,000 $1,791,000
Trust assets under
$1,741,000 $1,698,000 $1,546,000
management
($ in thousands)

6. Six month operating highlights
Six months ended June 30,
2012 2011 % Change
Net interest income $ 36,845 $ 34,926 5.5%
Net income $ 12,605 $ 11,488 9.7%
Earnings per share-
$ .91 $ .83 9.6%
diluted
Return on average assets
R t g t 1.25%
1 25% 1.21%
1 21%
Return on average equity 13.14% 13.26%
Total assets $2,084,000 $ 1,943,000
Trust assets under $1,850,000 $1,810,000
management
($ in thousands except per share amounts)

7. Key drivers of financial success
•Conservative credit culture providing solid credit
p g
metrics through varying economic cycles
•Significant fee income distinguished by
Significant
investment management and trust revenue
•Sustainable growth opportunity in large steady
markets
•Attraction and retention of talented people

8. Solid credit metrics
(for the year ended December 31)
*All publically traded banks with assets of $1 - $2.5 billion per SNL Financial

9. Loan growth
($ in millions)
Net interest
4.44% 4.25% 3.99% 3.74% 3.99% 3.99%
margin

10. Significant fee income
(for the year ended 2011)
Fee income - $33 2 million
$33.2
representing 32% of total revenue
Service charges
Peer median 18%*
25%
Bankcard
11% transactions
Trust 42% 6% Gains on
7% mortgage sales
9% Retail brokerage
commissions
Other
*All publically traded banks with assets of $1 - $2.5 billion per SNL Financial

11. Wealth management profile
•Assets under management $1.7 billion with
Assets
revenue of $13.8 million as of December 31, 2011
•Median relationship size $1 8 million
$1.8
•Contributed $0.34 to 2011 earnings per share
representing 20% of company earnings
•Trust revenue excludes $2.2 million in retail
brokerage revenue for 2011
b k f

12. Wealth management operating highlights
Peer
Stock Yards Bank (AUM $1-$10 billion)
$1 $10
(1)
2011 2011
Managed assets as % of
87% 50%
total assets
Gross revenue as % of
.80% .38%
assets
t
Net revenue(2) as % of
.38% .08%
assets
t
( )
(1) Source: Trust Performance Report as of 12-31-2011
p
(2) Operating income before taxes

13. Wealth management national rankings
Rankings within the top 1500 bank-owned and
independent trust companies
i d d tt t i
Ranking
Assets under management 206th
Gross revenue 121st
Net revenue 61st
Source: Trust Performance Report as of 12 31 2011
12-31-2011

14. Market areas
Indianapolis, Indiana Cincinnati,
Cincinnati Ohio
2 MSA population 1.8 million*
de novo expansion 2003 3 MSA population 2.1 million*
de novo expansion 2007
3 offices 3 offices
Louisville, Kentucky
MSA population 1.3 million*
1 Home market
establ s ed 90
established 1904
25 offices
Source: U.S. Census Bureau 2010 census

15. Sustainable growth opportunity in our
markets (deposits)
( p )
($ in billions)
As of 6-30-2011 per FDIC.gov
Primary county in MSA
Other counties in MSA
Number of branches 269 200 261 333 316 494
Average branch
$59 $34 $81 $32 $147 $33
size ($ in millions)

16. Indianapolis/Cincinnati markets
($ in thousands)

17. Correspondent banking
June 2012 2011 2010
Loans
Outstanding loans $ 39,000 $ 20,000 $ 11,000
Available credit $ 19,000 $ 15,000 $ 15,000
Total commited $ 58,000 $ 35,000 $ 26,000
Deposits
Demand deposit $ 7,000 $ 4,000 $ 8,000
Certificates of deposit $ 1,000 $ 1,000 $ 1,000
Fed Funds purchased $ 22,000 $ 17,000 $ 22,000
($ in thousands)

18. Capital for endurance and opportunity
“Capital to thrive, not just survive.”
Total Tangible Assets
Leverage Risk-based Equity* (in billions)
September 30, 2008
S b 30 8.4%
8 4% 11.3%
11 3% 8.4%
8 4% $1.653
$1 653
December 31, 2008 10.6% 13.7% 8.8% $1.629
December 31, 2009 10.2% 13.6% 8.5% $1.791
June 30, 2012
, 10.9% 14.2% 9.4% $
$2.084
June 30, 2012
9.6% 12.7% 9.6% $2.078
(Bank only)
*Non-GAAP measurement

19. Key investment points
•Time-proven track record
•Diversified business model distinguished by
large investment management business
•Expanding presence in large markets
•Strong capital position for growth and stability
•Positioned for sustainable, profitable growth
d bl bl h

20. NASDAQ Global Select Market
SYBT