Stock Yards Bancorp, Inc. (SYBT) Income Statement Analysis

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Complete financial analysis of Stock Yards Bancorp, Inc. (SYBT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Stock Yards Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Stock Yards Bancorp, Inc. (SYBT)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.syb.com

About Stock Yards Bancorp, Inc.

Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, treasury management, merchant, international banking, correspondent banking, and other banking services. This segment also provides securities brokerage services through an arrangement with a third party broker-dealer. The WM&T segment provides investment management, financial and retirement planning, and trust and estate services, as well as retirement plan management for businesses and corporations. The company operates through 73 full service banking center locations in Louisville, central, eastern and northern Kentucky, as well as Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets. Stock Yards Bancorp, Inc. was founded in 1904 and is headquartered in Louisville, Kentucky.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Revenue	324.46M	311.90M	232.06M	185.21M	172.52M	159.76M	148.72M	140.79M	128.12M	123.18M	115.20M	111.00M	103.98M	100.62M	88.95M	84.67M	84.02M	82.57M	76.36M	68.90M	68.71M	63.16M	54.21M	46.57M	40.10M	34.70M	27.10M	22.10M	19.10M	15.70M	13.20M	11.30M	10.00M
Cost of Revenue	6.90B	0.00	0.00	0.00	0.00	0.00	0.00	-409.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-6.58B	311.90M	232.06M	185.21M	172.52M	159.76M	148.72M	141.20M	128.12M	123.18M	115.20M	111.00M	103.98M	100.62M	88.95M	84.67M	84.02M	82.57M	76.36M	68.90M	68.71M	63.16M	54.21M	46.57M	40.10M	34.70M	27.10M	22.10M	19.10M	15.70M	13.20M	11.30M	10.00M
Gross Profit Ratio	-2,026.81%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.29%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	114.24M	105.97M	78.36M	62.43M	61.36M	57.16M	61.52M	57.44M	52.32M	52.39M	48.90M	44.73M	39.79M	40.36M	37.31M	27.69M	27.00M	26.41M	24.36M	21.65M	23.09M	20.29M	17.64M	15.56M	13.80M	11.70M	9.80M	7.90M	6.70M	5.70M	4.80M	4.30M	3.50M
Selling & Marketing	5.99M	5.01M	4.15M	2.38M	3.63M	3.10M	2.72M	2.46M	2.58M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	120.23M	110.97M	82.51M	64.82M	64.98M	60.26M	61.52M	57.44M	52.32M	52.39M	48.90M	44.73M	39.79M	40.36M	37.31M	27.69M	27.00M	26.41M	24.36M	21.65M	23.09M	20.29M	17.64M	15.56M	13.80M	11.70M	9.80M	7.90M	6.70M	5.70M	4.80M	4.30M	3.50M
Other Expenses	212.87M	-284.44M	-219.18M	-182.29M	-161.84M	-147.57M	-13.38M	-137.45M	-121.46M	-120.14M	-116.53M	-107.34M	-96.67M	-89.69M	-77.84M	0.00	-39.52M	-42.68M	-46.09M	-46.52M	-48.35M	-37.97M	-21.44M	-15.87M	-18.50M	-14.80M	-11.90M	-9.80M	-9.10M	-10.00M	-7.70M	-4.50M	-700.00K
Operating Expenses	333.10M	-173.47M	-136.67M	-117.47M	-96.86M	-76.86M	45.30M	-80.01M	-69.15M	-67.75M	-67.64M	-62.61M	-56.87M	-49.33M	-40.53M	1.63M	-12.52M	-16.27M	-21.73M	-24.86M	-25.27M	-17.68M	-3.80M	-311.00K	-4.70M	-3.10M	-2.10M	-1.90M	-2.40M	-4.30M	-2.90M	-200.00K	2.80M
Cost & Expenses	333.10M	-173.47M	-136.67M	-117.47M	-96.86M	-76.86M	45.30M	-409.00K	-69.15M	-67.75M	-67.64M	-62.61M	-56.87M	-49.33M	-40.53M	1.63M	-12.52M	-16.27M	-21.73M	-24.86M	-25.27M	-17.68M	-3.80M	-311.00K	-4.70M	-3.10M	-2.10M	-1.90M	-2.40M	-4.30M	-2.90M	-200.00K	2.80M
Interest Income	346.70M	251.65M	177.08M	147.87M	147.77M	129.77M	110.85M	102.17M	93.17M	89.09M	86.46M	86.90M	86.04M	86.15M	83.86M	87.12M	91.32M	86.33M	72.34M	60.54M	60.12M	62.92M	65.67M	60.39M	48.60M	42.90M	35.30M	29.10M	25.30M	19.20M	16.60M	17.00M	18.20M
Interest Expense	99.36M	18.27M	6.00M	11.95M	22.54M	15.36M	7.25M	4.92M	4.85M	5.33M	9.17M	12.95M	15.31M	19.27M	25.18M	30.26M	37.54M	32.44M	23.11M	16.32M	17.37M	22.34M	30.73M	29.23M	21.10M	19.60M	15.60M	12.60M	10.70M	6.90M	6.80M	8.30M	10.30M
Depreciation & Amortization	21.94M	12.04M	5.57M	4.72M	4.49M	5.78M	13.64M	11.14M	6.90M	7.41M	7.97M	4.96M	4.02M	3.27M	2.55M	2.53M	2.50M	3.88M	3.26M	3.17M	2.92M	2.22M	1.83M	1.80M	1.50M	1.70M	1.40M	1.10M	800.00K	700.00K	700.00K	500.00K	400.00K
EBITDA	0.00	132.53M	101.06M	77.51M	82.39M	73.50M	68.63M	67.37M	60.98M	57.48M	46.37M	40.40M	35.81M	35.29M	32.64M	38.40M	39.62M	39.19M	37.32M	30.78M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	0.00%	46.16%	45.99%	41.84%	46.68%	55.51%	51.15%	51.37%	51.42%	51.02%	48.21%	48.06%	49.17%	54.22%	57.31%	76.21%	88.07%	84.99%	75.81%	68.51%	67.48%	75.52%	96.37%	103.19%	92.02%	95.97%	97.42%	96.38%	91.62%	77.07%	83.33%	102.65%	132.00%
Operating Income	-6.65B	138.43M	95.40M	67.74M	75.66M	82.91M	62.43M	61.19M	58.97M	55.43M	47.56M	48.39M	47.10M	51.29M	48.42M	62.00M	71.51M	66.30M	54.63M	44.03M	43.44M	45.47M	50.41M	46.26M	35.40M	31.60M	25.00M	20.20M	16.70M	11.40M	10.30M	11.10M	12.80M
Operating Income Ratio	-2,050.12%	44.38%	41.11%	36.58%	43.86%	51.89%	41.98%	43.46%	46.03%	45.00%	41.29%	43.59%	45.30%	50.97%	54.44%	73.22%	85.10%	80.30%	71.54%	63.91%	63.23%	72.00%	92.99%	99.33%	88.28%	91.07%	92.25%	91.40%	87.43%	72.61%	78.03%	98.23%	128.00%
Total Other Income/Expenses	6.79B	-46.53M	-35.31M	-12.39M	-12.30M	-10.81M	-8.58M	-6.98M	-8.23M	-14.06M	-1.10M	-4.96M	-4.02M	-3.27M	0.00	-866.00K	0.00	-897.00K	0.00	0.00	-17.37M	-22.34M	-30.73M	-29.23M	-21.10M	-19.60M	-15.60M	-12.60M	-10.70M	-6.90M	-6.80M	-8.30M	-10.30M
Income Before Tax	137.93M	120.48M	95.40M	67.74M	75.66M	67.55M	55.18M	56.27M	54.12M	50.10M	38.40M	35.44M	31.80M	32.02M	23.24M	31.73M	33.97M	33.86M	31.52M	27.71M	26.07M	23.13M	19.68M	17.03M	14.30M	12.00M	9.40M	7.60M	6.00M	4.50M	3.50M	2.80M	2.50M
Income Before Tax Ratio	42.51%	38.63%	41.11%	36.58%	43.86%	42.28%	37.10%	39.97%	42.24%	40.67%	33.33%	31.92%	30.58%	31.82%	26.13%	37.48%	40.43%	41.01%	41.28%	40.23%	37.94%	36.62%	36.31%	36.56%	35.66%	34.58%	34.69%	34.39%	31.41%	28.66%	26.52%	24.78%	25.00%
Income Tax Expense	30.18M	27.19M	20.75M	8.87M	9.59M	12.03M	17.14M	15.24M	16.93M	15.28M	11.23M	9.63M	8.19M	9.07M	6.93M	10.06M	9.92M	10.96M	9.88M	8.80M	8.36M	7.48M	6.14M	5.43M	4.60M	3.80M	2.90M	2.40M	1.90M	1.40M	1.00M	800.00K	600.00K
Net Income	107.75M	92.97M	74.65M	58.87M	66.07M	55.52M	38.04M	41.03M	37.19M	34.82M	27.17M	25.80M	23.60M	22.95M	16.31M	21.68M	24.05M	22.90M	21.64M	18.91M	17.71M	15.65M	13.54M	11.59M	9.70M	8.20M	6.50M	5.20M	4.10M	3.10M	2.50M	2.00M	1.90M
Net Income Ratio	33.21%	29.81%	32.17%	31.78%	38.30%	34.75%	25.58%	29.14%	29.02%	28.27%	23.59%	23.24%	22.70%	22.81%	18.33%	25.60%	28.63%	27.73%	28.35%	27.45%	25.77%	24.78%	24.98%	24.89%	24.19%	23.63%	23.99%	23.53%	21.47%	19.75%	18.94%	17.70%	19.00%
EPS	3.69	3.24	3.00	2.61	2.92	2.45	1.69	1.84	2.53	2.39	1.91	1.86	1.71	1.68	1.20	1.61	1.70	1.05	0.99	0.87	0.83	0.74	0.64	0.56	0.46	0.40	0.32	0.25	0.20	0.15	0.12	0.11	0.10
EPS Diluted	3.67	3.21	2.97	2.59	2.89	2.42	1.66	1.80	2.48	2.36	1.89	1.85	1.71	1.67	1.19	1.59	1.67	1.03	0.97	0.84	0.81	0.71	0.62	0.54	0.45	0.38	0.30	0.24	0.20	0.15	0.12	0.11	0.10
Weighted Avg Shares Out	29.21M	28.67M	24.90M	22.56M	22.60M	22.62M	22.53M	22.36M	22.09M	21.84M	21.33M	20.81M	20.68M	20.53M	20.34M	20.16M	21.22M	21.74M	21.94M	21.74M	21.29M	21.16M	20.99M	20.87M	20.93M	20.66M	20.48M	20.74M	21.00M	20.35M	20.20M	18.18M	18.14M
Weighted Avg Shares Out (Dil)	29.34M	28.92M	25.16M	22.77M	22.87M	22.94M	22.98M	22.79M	22.46M	22.14M	21.53M	20.90M	20.75M	20.67M	20.53M	20.45M	21.60M	22.16M	22.24M	22.40M	21.96M	21.91M	21.75M	21.48M	21.67M	21.35M	21.34M	21.28M	21.00M	20.78M	20.20M	18.18M	18.14M

Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.27 Per Common Share; Extends Stock Repurchase Plan

May 18, 2021globenewswire.com

LOUISVILLE, Ky., May 18, 2021 (GLOBE NEWSWIRE) -- 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...

Stock Yards Bancorp (SYBT) Q1 Earnings and Revenues Surpass Estimates

April 21, 2021zacks.com

Stock Yards (SYBT) delivered earnings and revenue surprises of 32.00% and 1.51%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Stock Yards Bancorp Reports Record First Quarter Earnings of $22.7 Million or $0.99 per Diluted Share

April 21, 2021globenewswire.com

Quarter Highlighted by Agreement to Acquire Kentucky Bancshares Quarter Highlighted by Agreement to Acquire Kentucky Bancshares

Stock Yards Bancorp to Participate in a Series of Investor Meetings

March 11, 2021globenewswire.com

LOUISVILLE, Ky. , March 11, 2021 (GLOBE NEWSWIRE) -- 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 James A. (Ja)...

Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.27 per Common Share

February 17, 2021globenewswire.com

LOUISVILLE, Ky., Feb. 17, 2021 (GLOBE NEWSWIRE) -- 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...

KENTUCKY BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Kentucky Bancshares, Inc. - KTYB

February 4, 2021businesswire.com

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Kentucky Bancshares, Inc. (OTC: KTYB) to Stock Yards Bancorp, Inc. (NasdaqGS:...

Stock Yards Bancorp to Participate in the KBW Virtual Winter Financial Services Symposium

February 3, 2021globenewswire.com

LOUISVILLE, Ky., Feb. 03, 2021 (GLOBE NEWSWIRE) -- 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 James A. (Ja) Hillebrand,...