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Stock Yards Bancorp (SYBT) Financials

Stock Yards Bancorp logo
$73.66 -0.47 (-0.63%)
Closing price 04:00 PM Eastern
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$73.58 -0.08 (-0.12%)
As of 04:38 PM Eastern
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Annual Income Statements for Stock Yards Bancorp

Annual Income Statements for Stock Yards Bancorp

This table shows Stock Yards Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 115 108 93
Consolidated Net Income / (Loss)		 115 108 93
Net Income / (Loss) Continuing Operations		 115 108 93
Total Pre-Tax Income 		144 138 120
Total Revenue		 352 340 323
Net Interest Income / (Expense)		 257 247 233
Total Interest Income		 413 347 252
Loans and Leases Interest Income		 372 304 217
Investment Securities Interest Income		 32 34 29
Federal Funds Sold and Securities Borrowed Interest Income		 9.26 8.41 6.02
Total Interest Expense		 156 99 18
Deposits Interest Expense		 134 82 16
Long-Term Debt Interest Expense		 18 15 1.14
Federal Funds Purchased and Securities Sold Interest Expense		 3.90 2.78 0.57
Total Non-Interest Income		 95 92 89
Other Service Charges		 3.86 3.71 83
Net Realized & Unrealized Capital Gains on Investments		 -0.10 -0.07 4.34
Other Non-Interest Income		 91 89 1.60
Provision for Credit Losses		 9.73 14 10
Total Non-Interest Expense		 198 188 192
Salaries and Employee Benefits		 121 110 103
Net Occupancy & Equipment Expense		 34 34 29
Marketing Expense		 6.92 5.99 5.01
Property & Liability Insurance Claims		 8.65 7.87 5.70
Other Operating Expenses		 23 24 23
Amortization Expense		 4.49 5.98 5.90
Restructuring Charge		 0.00 0.00 20
Other Special Charges		 0.00 0.00 -
Income Tax Expense		 30 30 27
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 0.32
Basic Earnings per Share		 $3.91 $3.69 $3.24
Weighted Average Basic Shares Outstanding		 29.29M 29.21M 28.67M
Diluted Earnings per Share		 $3.89 $3.67 $3.21
Weighted Average Diluted Shares Outstanding		 29.42M 29.34M 28.92M
Weighted Average Basic & Diluted Shares Outstanding		 29.44M 29.33M 29.26M
Cash Dividends to Common per Share		 $1.22 $1.18 $1.14

Quarterly Income Statements for Stock Yards Bancorp

This table shows Stock Yards Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 33 32 29 28 26 24 27 28 29 30 28
Consolidated Net Income / (Loss)		 33 32 29 28 26 24 27 28 29 30 29
Net Income / (Loss) Continuing Operations		 33 32 29 28 26 24 27 28 29 30 29
Total Pre-Tax Income 		42 39 37 35 33 30 35 36 37 39 38
Total Revenue		 94 93 90 86 83 86 84 84 85 88 87
Net Interest Income / (Expense)		 71 70 65 62 60 62 61 61 63 65 62
Total Interest Income		 111 110 106 100 97 95 89 83 79 75 67
Loans and Leases Interest Income		 100 99 96 91 86 83 79 73 69 64 57
Investment Securities Interest Income		 8.96 8.65 7.38 7.59 8.11 8.34 8.50 8.74 8.89 8.75 7.94
Federal Funds Sold and Securities Borrowed Interest Income		 2.00 3.06 1.95 2.16 2.10 3.53 1.64 1.66 1.58 2.17 2.45
Total Interest Expense		 41 40 41 38 36 33 28 22 16 9.89 5.03
Deposits Interest Expense		 35 36 34 32 32 30 21 17 13 9.02 4.45
Short-Term Borrowings Interest Expense		 0.07 - 0.12 0.14 0.14 - 0.16 0.17 0.18 0.08 0.05
Long-Term Debt Interest Expense		 5.15 3.42 5.69 5.75 3.54 2.74 5.50 4.51 2.26 0.47 0.36
Federal Funds Purchased and Securities Sold Interest Expense		 0.81 1.26 0.94 0.77 0.93 1.35 0.60 0.38 0.46 0.32 0.18
Total Non-Interest Income		 23 24 25 24 23 24 23 23 22 23 25
Other Service Charges		 22 -43 1.11 23 23 -41 0.81 23 22 42 21
Other Non-Interest Income		 0.62 67 24 0.60 0.59 66 22 0.56 0.55 -20 0.52
Provision for Credit Losses		 0.90 2.68 4.33 1.30 1.43 6.05 2.78 2.35 2.63 3.38 4.80
Total Non-Interest Expense		 51 52 48 49 49 50 47 46 45 46 45
Salaries and Employee Benefits		 32 31 30 30 30 28 28 27 27 27 27
Net Occupancy & Equipment Expense		 8.95 8.67 8.28 8.71 8.74 9.76 8.06 7.73 8.15 7.59 7.51
Marketing Expense		 1.52 2.82 1.44 1.60 1.08 1.75 1.36 1.78 1.10 1.54 1.24
Property & Liability Insurance Claims		 2.13 2.01 2.06 2.35 2.23 2.35 1.99 1.60 1.93 1.22 1.62
Other Operating Expenses		 5.80 5.70 5.46 5.68 5.77 6.33 5.93 6.02 5.69 7.07 5.55
Amortization Expense		 0.91 1.33 1.05 1.05 1.05 1.49 1.49 1.50 1.50 1.70 1.70
Income Tax Expense		 8.35 7.45 7.64 7.67 7.07 6.43 7.64 7.98 8.13 9.17 9.02
Basic Earnings per Share		 $1.13 $1.08 $1.00 $0.94 $0.89 $0.81 $0.93 $0.95 $1.00 $1.05 $0.98
Weighted Average Basic Shares Outstanding		 29.35M 29.29M 29.30M 29.28M 29.25M 29.21M 29.22M 29.22M 29.18M 28.67M 29.14M
Diluted Earnings per Share		 $1.13 $1.07 $1.00 $0.94 $0.88 $0.82 $0.92 $0.94 $0.99 $1.04 $0.97
Weighted Average Diluted Shares Outstanding		 29.50M 29.42M 29.45M 29.38M 29.36M 29.34M 29.34M 29.34M 29.37M 28.92M 29.40M
Weighted Average Basic & Diluted Shares Outstanding		 29.47M 29.44M 29.41M 29.41M 29.39M 29.33M 29.32M 29.32M 29.32M 29.26M 29.26M
Cash Dividends to Common per Share		 $0.31 - $0.31 $0.30 $0.30 - $0.30 $0.29 $0.29 - $0.29

Annual Cash Flow Statements for Stock Yards Bancorp

This table details how cash moves in and out of Stock Yards Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 25 99 -794
Net Cash From Operating Activities		 143 107 109
Net Cash From Continuing Operating Activities		 143 107 109
Net Income / (Loss) Continuing Operations		 115 108 93
Consolidated Net Income / (Loss)		 115 108 93
Provision For Loan Losses		 9.73 14 10
Depreciation Expense		 13 22 21
Non-Cash Adjustments to Reconcile Net Income		 -3.14 -2.20 8.96
Changes in Operating Assets and Liabilities, net		 8.39 -35 -24
Net Cash From Investing Activities		 -677 -424 -384
Net Cash From Continuing Investing Activities		 -677 -424 -384
Purchase of Property, Leasehold Improvements and Equipment		 -9.85 -7.73 -18
Purchase of Investment Securities		 -460 -35 -300
Sale of Property, Leasehold Improvements and Equipment		 0.22 1.73 25
Divestitures		 0.00 0.00 4.99
Sale and/or Maturity of Investments		 533 205 328
Other Investing Activities, net		 -740 -588 -424
Net Cash From Financing Activities		 559 416 -518
Net Cash From Continuing Financing Activities		 559 416 -518
Net Change in Deposits		 496 279 -516
Issuance of Debt		 1,000 950 50
Repayment of Debt		 -900 -800 -3.20
Repurchase of Common Equity		 -4.22 -2.70 -4.81
Payment of Dividends		 -36 -35 -33
Other Financing Activities, Net		 3.65 24 -11
Cash Interest Paid		 156 98 18
Cash Income Taxes Paid		 19 35 21

Quarterly Cash Flow Statements for Stock Yards Bancorp

This table details how cash moves in and out of Stock Yards Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 113 38 49 44 -106 73 -21 -103 150 -163 -244
Net Cash From Operating Activities		 20 19 55 51 17 30 33 34 9.76 38 49
Net Cash From Continuing Operating Activities		 20 19 55 51 17 30 33 34 9.76 38 49
Net Income / (Loss) Continuing Operations		 33 32 29 28 26 24 27 28 29 30 29
Consolidated Net Income / (Loss)		 33 32 29 28 26 24 27 28 29 30 29
Provision For Loan Losses		 0.90 2.68 4.33 1.30 1.43 6.05 2.78 2.35 2.63 3.38 4.80
Depreciation Expense		 1.25 2.94 3.45 3.53 3.44 6.58 4.64 4.84 5.88 4.93 5.70
Non-Cash Adjustments to Reconcile Net Income		 -0.78 -2.58 -0.58 -0.69 0.70 1.47 -0.45 -2.79 -0.43 0.66 0.97
Changes in Operating Assets and Liabilities, net		 -15 -16 19 19 -14 -7.75 -1.53 2.06 -27 -1.25 9.35
Net Cash From Investing Activities		 -12 -399 -71 -149 -58 -107 -165 -135 -17 -139 -200
Net Cash From Continuing Investing Activities		 -12 -399 -71 -149 -58 -107 -165 -135 -17 -139 -200
Purchase of Property, Leasehold Improvements and Equipment		 -1.94 -3.28 -1.50 -3.24 -1.83 -2.20 -2.06 -1.64 -1.83 -3.15 -1.73
Purchase of Investment Securities		 -388 90 -225 -316 -9.39 427 -231 -227 -3.26 -100 -108
Sale and/or Maturity of Investments		 378 254 155 92 32 56 67 46 35 39 49
Net Cash From Financing Activities		 105 418 65 142 -66 149 111 -1.63 157 -61 -94
Net Cash From Continuing Financing Activities		 105 418 65 142 -66 149 111 -1.63 157 -61 -94
Net Change in Deposits		 128 440 157 -40 -62 268 194 -149 -34 -109 -48
Issuance of Debt		 300 -1,500 925 850 725 -1,200 750 700 700 50 -
Repayment of Debt		 -300 1,475 -1,000 -650 -725 1,050 -800 -575 -475 - -
Repurchase of Common Equity		 -1.61 -1.22 -1.32 -0.05 -1.64 -0.31 -0.00 -0.01 -2.37 - -
Payment of Dividends		 -9.11 -9.10 -9.08 -8.79 -8.87 -8.77 -8.77 -8.48 -8.56 -8.46 -8.45
Other Financing Activities, Net		 -12 13 -6.68 -9.51 6.65 40 -25 31 -23 11 -37
Cash Interest Paid		 41 40 41 38 36 33 27 22 16 9.63 6.13
Cash Income Taxes Paid		 6.09 6.29 5.96 2.07 5.12 6.87 11 17 0.00 11 1.63

Annual Balance Sheets for Stock Yards Bancorp

This table presents Stock Yards Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 8,863 8,170 7,496
Cash and Due from Banks		 79 94 83
Federal Funds Sold		 212 171 85
Trading Account Securities		 1,367 1,477 1,620
Loans and Leases, Net of Allowance		 -87 -79 -74
Allowance for Loan and Lease Losses		 87 79 74
Premises and Equipment, Net		 115 104 104
Goodwill		 194 194 194
Intangible Assets		 16 20 25
Other Assets		 6,881 6,109 5,385
Total Liabilities & Shareholders' Equity		 8,863 8,170 7,496
Total Liabilities		 7,923 7,312 6,736
Non-Interest Bearing Deposits		 1,456 1,549 1,950
Interest Bearing Deposits		 5,710 5,122 4,441
Federal Funds Purchased and Securities Sold		 6.53 13 8.79
Short-Term Debt		 163 153 133
Accrued Interest Payable		 1.91 2.09 0.66
Long-Term Debt		 327 227 76
Other Long-Term Liabilities		 258 247 125
Total Equity & Noncontrolling Interests		 940 858 760
Total Preferred & Common Equity		 940 858 760
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 940 858 760
Common Stock		 454 445 436
Retained Earnings		 578 506 440
Accumulated Other Comprehensive Income / (Loss)		 -91 -93 -116

Quarterly Balance Sheets for Stock Yards Bancorp

This table presents Stock Yards Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 8,997 8,437 8,315 8,123 7,903 7,733 7,668 7,554
Cash and Due from Banks		 110 109 85 72 80 111 88 94
Federal Funds Sold		 294 144 119 89 113 103 229 236
Trading Account Securities		 1,254 1,242 1,349 1,386 1,472 1,550 1,607 1,633
Loans and Leases, Net of Allowance		 -89 -85 -82 -81 -78 -78 -76 0.00
Allowance for Loan and Lease Losses		 89 85 82 81 78 78 76 -
Premises and Equipment, Net		 116 114 113 109 101 102 104 99
Goodwill		 194 194 194 194 194 194 194 203
Intangible Assets		 15 17 18 19 21 23 24 29
Other Assets		 7,014 6,703 6,436 6,255 5,922 5,727 5,497 5,251
Total Liabilities & Shareholders' Equity		 8,997 8,437 8,315 8,123 7,903 7,733 7,668 7,554
Total Liabilities		 8,022 7,503 7,421 7,248 7,097 6,924 6,873 6,823
Non-Interest Bearing Deposits		 1,499 1,508 1,483 1,481 1,715 1,766 1,845 2,200
Interest Bearing Deposits		 5,795 5,218 5,087 5,128 4,688 4,442 4,512 4,301
Federal Funds Purchased and Securities Sold		 6.54 6.44 10 9.96 12 12 15 8.97
Short-Term Debt		 151 150 153 163 114 138 105 125
Accrued Interest Payable		 1.97 2.04 2.16 2.19 1.84 1.06 1.03 0.40
Long-Term Debt		 327 352 427 227 377 427 301 26
Other Long-Term Liabilities		 241 267 260 238 190 138 94 163
Total Equity & Noncontrolling Interests		 975 934 895 875 807 808 794 731
Total Preferred & Common Equity		 975 934 895 875 807 808 794 728
Total Common Equity		 975 934 895 875 807 808 794 728
Common Stock		 458 452 449 448 443 442 441 434
Retained Earnings		 597 558 540 521 492 474 454 421
Accumulated Other Comprehensive Income / (Loss)		 -80 -75 -95 -95 -128 -107 -101 -128

Annual Metrics And Ratios for Stock Yards Bancorp

This table displays calculated financial ratios and metrics derived from Stock Yards Bancorp's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 3.75% 5.28% 36.13%
EBITDA Growth		 -1.34% 13.27% 32.25%
EBIT Growth		 4.67% 14.48% 26.30%
NOPAT Growth		 6.30% 15.49% 24.98%
Net Income Growth		 6.30% 15.49% 24.98%
EPS Growth		 5.99% 14.33% 8.08%
Operating Cash Flow Growth		 33.89% -1.88% 6.51%
Free Cash Flow Firm Growth		 51.32% 20.40% -148.38%
Invested Capital Growth		 15.54% 27.60% 43.54%
Revenue Q/Q Growth		 2.04% -0.58% 7.90%
EBITDA Q/Q Growth		 3.36% -4.23% 6.40%
EBIT Q/Q Growth		 6.47% -5.94% 6.14%
NOPAT Q/Q Growth		 7.26% -5.25% 6.05%
Net Income Q/Q Growth		 7.26% -5.25% 6.05%
EPS Q/Q Growth		 6.87% -5.66% 3.22%
Operating Cash Flow Q/Q Growth		 -7.37% -6.43% -1.22%
Free Cash Flow Firm Q/Q Growth		 -147.15% 47.06% -340.36%
Invested Capital Q/Q Growth		 -0.38% -4.60% 10.05%
Profitability Metrics		 - - -
EBITDA Margin		 44.77% 47.08% 43.76%
EBIT Margin		 40.98% 40.62% 37.36%
Profit (Net Income) Margin		 32.51% 31.73% 28.93%
Tax Burden Percent		 79.34% 78.12% 77.43%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 20.66% 21.88% 22.57%
Return on Invested Capital (ROIC)		 8.59% 9.76% 11.34%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.59% 9.76% 11.34%
Return on Net Nonoperating Assets (RNNOA)		 4.15% 3.55% 1.65%
Return on Equity (ROE)		 12.74% 13.31% 12.99%
Cash Return on Invested Capital (CROIC)		 -5.84% -14.49% -24.42%
Operating Return on Assets (OROA)		 1.70% 1.76% 1.70%
Return on Assets (ROA)		 1.34% 1.38% 1.32%
Return on Common Equity (ROCE)		 12.74% 13.31% 12.99%
Return on Equity Simple (ROE_SIMPLE)		 12.18% 12.56% 12.27%
Net Operating Profit after Tax (NOPAT)		 115 108 93
NOPAT Margin		 32.51% 31.73% 28.93%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 46.11% 44.18% 42.60%
Operating Expenses to Revenue		 56.26% 55.32% 59.46%
Earnings before Interest and Taxes (EBIT)		 144 138 120
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 158 160 141
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 2.24 1.72 2.39
Price to Tangible Book Value (P/TBV)		 2.88 2.29 3.35
Price to Revenue (P/Rev)		 5.98 4.35 5.63
Price to Earnings (P/E)		 18.39 13.70 19.52
Dividend Yield		 1.70% 2.34% 1.84%
Earnings Yield		 5.44% 7.30% 5.12%
Enterprise Value to Invested Capital (EV/IC)		 1.61 1.28 1.91
Enterprise Value to Revenue (EV/Rev)		 6.54 4.68 5.76
Enterprise Value to EBITDA (EV/EBITDA)		 14.61 9.95 13.16
Enterprise Value to EBIT (EV/EBIT)		 15.97 11.53 15.42
Enterprise Value to NOPAT (EV/NOPAT)		 20.12 14.76 19.91
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.13 14.90 17.08
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.52 0.44 0.28
Long-Term Debt to Equity		 0.35 0.26 0.10
Financial Leverage		 0.48 0.36 0.15
Leverage Ratio		 9.47 9.68 9.85
Compound Leverage Factor		 9.47 9.68 9.85
Debt to Total Capital		 34.24% 30.68% 21.61%
Short-Term Debt to Total Capital		 11.39% 12.36% 13.74%
Long-Term Debt to Total Capital		 22.85% 18.32% 7.87%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 65.76% 69.32% 78.39%
Debt to EBITDA		 3.11 2.38 1.49
Net Debt to EBITDA		 1.26 0.71 0.30
Long-Term Debt to EBITDA		 2.07 1.42 0.54
Debt to NOPAT		 4.28 3.52 2.25
Net Debt to NOPAT		 1.74 1.06 0.45
Long-Term Debt to NOPAT		 2.85 2.10 0.82
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -78 -160 -201
Operating Cash Flow to CapEx		 1,484.34% 1,778.68% 0.00%
Free Cash Flow to Firm to Interest Expense		 -0.50 -1.61 -11.00
Operating Cash Flow to Interest Expense		 0.92 1.07 5.95
Operating Cash Flow Less CapEx to Interest Expense		 0.86 1.01 6.30
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.05
Fixed Asset Turnover		 3.22 3.27 3.56
Capital & Investment Metrics		 - - -
Invested Capital		 1,430 1,238 970
Invested Capital Turnover		 0.26 0.31 0.39
Increase / (Decrease) in Invested Capital		 192 268 294
Enterprise Value (EV)		 2,305 1,590 1,857
Market Capitalization		 2,106 1,476 1,815
Book Value per Share		 $31.98 $29.26 $25.99
Tangible Book Value per Share		 $24.84 $21.95 $18.50
Total Capital		 1,430 1,238 970
Total Debt		 490 380 210
Total Long-Term Debt		 327 227 76
Net Debt		 199 114 42
Capital Expenditures (CapEx)		 9.63 6.00 -6.29
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 490 380 210
Total Depreciation and Amortization (D&A)		 13 22 21
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.91 $3.69 $3.24
Adjusted Weighted Average Basic Shares Outstanding		 29.29M 29.21M 28.67M
Adjusted Diluted Earnings per Share		 $3.89 $3.67 $3.21
Adjusted Weighted Average Diluted Shares Outstanding		 29.42M 29.34M 28.92M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.44M 29.33M 29.26M
Normalized Net Operating Profit after Tax (NOPAT)		 115 108 108
Normalized NOPAT Margin		 32.51% 31.73% 33.61%
Pre Tax Income Margin		 40.98% 40.62% 37.36%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.93 1.39 6.60
NOPAT to Interest Expense		 0.74 1.08 5.11
EBIT Less CapEx to Interest Expense		 0.86 1.33 6.94
NOPAT Less CapEx to Interest Expense		 0.67 1.02 5.45
Payout Ratios		 - - -
Dividend Payout Ratio		 31.29% 32.09% 35.69%
Augmented Payout Ratio		 34.97% 34.59% 40.85%

Quarterly Metrics And Ratios for Stock Yards Bancorp

This table displays calculated financial ratios and metrics derived from Stock Yards Bancorp's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.25% 8.15% 6.61% 2.25% -2.09% -2.23% -3.47% 6.16% 25.24% 36.46% 38.26%
EBITDA Growth		 17.81% 13.88% 2.73% -4.16% -15.48% -16.03% -8.99% 0.09% 220.74% 23.92% 30.70%
EBIT Growth		 26.30% 28.87% 6.52% -1.04% -11.36% -22.29% -7.53% 3.45% 296.08% 21.70% 24.95%
NOPAT Growth		 28.52% 32.37% 8.37% -0.24% -10.88% -19.95% -5.07% 2.83% 265.75% 21.64% 23.22%
Net Income Growth		 28.52% 32.37% 8.37% -0.24% -10.88% -19.95% -5.07% 2.83% 265.75% 21.64% 23.22%
EPS Growth		 28.41% 30.49% 8.70% 0.00% -11.11% -21.15% -5.15% 3.30% 241.38% 10.64% 11.49%
Operating Cash Flow Growth		 13.59% -37.50% 70.34% 49.81% 78.41% -19.48% -34.11% 87.09% 177.33% -3.45% 209.31%
Free Cash Flow Firm Growth		 -314.05% 34.07% 71.98% 81.91% 84.39% 7.78% -270.05% -119.22% 39.87% -101.84% 47.26%
Invested Capital Growth		 15.00% 15.54% 10.66% 7.38% 5.30% 27.60% 47.18% 46.40% 29.16% 43.54% 17.86%
Revenue Q/Q Growth		 0.08% 4.12% 4.78% 2.80% -3.58% 2.64% 0.50% -1.56% -3.72% 1.34% 10.54%
EBITDA Q/Q Growth		 1.87% 4.06% 4.26% 6.59% -1.53% -6.13% -2.73% -5.99% -2.17% 1.74% 6.97%
EBIT Q/Q Growth		 6.33% 5.80% 4.91% 7.02% 8.50% -12.55% -2.54% -4.14% -4.87% 4.05% 9.04%
NOPAT Q/Q Growth		 4.98% 7.95% 6.38% 6.61% 8.11% -11.62% -2.07% -4.76% -2.88% 4.80% 6.09%
Net Income Q/Q Growth		 4.98% 7.95% 6.38% 6.61% 8.11% -11.62% -2.07% -4.76% -2.88% 4.80% 6.09%
EPS Q/Q Growth		 5.61% 7.00% 6.38% 6.82% 7.32% -10.87% -2.13% -5.05% -4.81% 7.22% 6.59%
Operating Cash Flow Q/Q Growth		 4.48% -65.82% 8.39% 193.49% -42.51% -6.85% -4.68% 249.53% -74.05% -23.77% 170.64%
Free Cash Flow Firm Q/Q Growth		 2.70% -47.53% -47.77% -95.18% 84.51% 37.30% 4.59% -68.43% 8.48% -151.59% 43.48%
Invested Capital Q/Q Growth		 1.64% -0.38% -2.61% 16.63% 2.12% -4.60% -5.50% 14.38% 23.74% 10.05% -6.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 45.83% 45.03% 45.05% 45.28% 43.67% 42.76% 46.75% 48.31% 50.59% 49.79% 49.59%
EBIT Margin		 44.49% 41.88% 41.21% 41.16% 39.54% 35.14% 41.25% 42.53% 43.68% 44.21% 43.06%
Profit (Net Income) Margin		 35.57% 33.91% 32.70% 32.21% 31.06% 27.70% 32.17% 33.02% 34.13% 33.83% 32.71%
Tax Burden Percent		 79.94% 80.97% 79.35% 78.25% 78.55% 78.83% 78.00% 77.62% 78.13% 76.53% 75.98%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 20.06% 19.03% 20.65% 21.75% 21.45% 21.17% 22.00% 22.38% 21.87% 23.47% 24.02%
Return on Invested Capital (ROIC)		 9.49% 8.95% 8.26% 7.69% 8.51% 8.52% 10.08% 9.85% 10.89% 13.26% 12.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.49% 8.95% 8.26% 7.69% 8.51% 8.52% 10.08% 9.85% 10.89% 13.26% 12.00%
Return on Net Nonoperating Assets (RNNOA)		 4.45% 4.33% 4.71% 5.17% 4.06% 3.10% 4.21% 4.76% 4.02% 1.94% 2.02%
Return on Equity (ROE)		 13.94% 13.28% 12.97% 12.85% 12.57% 11.62% 14.29% 14.60% 14.90% 15.19% 14.03%
Cash Return on Invested Capital (CROIC)		 -4.98% -5.84% -2.31% 0.22% 3.32% -14.49% -27.74% -27.70% -14.70% -24.42% -5.60%
Operating Return on Assets (OROA)		 1.88% 1.73% 1.74% 1.74% 1.69% 1.52% 1.82% 1.91% 1.92% 2.02% 1.87%
Return on Assets (ROA)		 1.51% 1.40% 1.38% 1.36% 1.33% 1.20% 1.42% 1.49% 1.50% 1.54% 1.42%
Return on Common Equity (ROCE)		 13.94% 13.28% 12.97% 12.85% 12.57% 11.62% 14.26% 14.57% 14.87% 15.19% 14.00%
Return on Equity Simple (ROE_SIMPLE)		 12.50% 0.00% 11.43% 11.68% 11.96% 0.00% 14.09% 14.25% 14.40% 0.00% 12.09%
Net Operating Profit after Tax (NOPAT)		 33 32 29 28 26 24 27 28 29 30 29
NOPAT Margin		 35.57% 33.91% 32.70% 32.21% 31.06% 27.70% 32.17% 33.02% 34.13% 33.83% 32.71%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 45.09% 45.59% 44.42% 46.72% 47.89% 46.09% 44.29% 43.78% 42.52% 40.67% 41.27%
Operating Expenses to Revenue		 54.55% 55.26% 53.97% 57.32% 58.75% 57.86% 55.46% 54.66% 53.24% 51.97% 51.44%
Earnings before Interest and Taxes (EBIT)		 42 39 37 35 33 30 35 36 37 39 38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 43 42 40 39 36 37 39 40 43 44 43
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.08 2.24 1.95 1.63 1.63 1.72 1.39 1.60 1.97 2.39 2.62
Price to Tangible Book Value (P/TBV)		 2.65 2.88 2.52 2.14 2.15 2.29 1.90 2.19 2.71 3.35 3.84
Price to Revenue (P/Rev)		 5.61 5.98 5.28 4.30 4.22 4.35 3.29 3.76 4.60 5.63 6.38
Price to Earnings (P/E)		 16.67 18.39 17.07 13.97 13.63 13.70 9.90 11.27 13.70 19.52 21.74
Dividend Yield		 1.78% 1.70% 1.95% 2.42% 2.45% 2.34% 3.05% 2.62% 2.15% 1.84% 1.73%
Earnings Yield		 6.00% 5.44% 5.86% 7.16% 7.34% 7.30% 10.10% 8.87% 7.30% 5.12% 4.60%
Enterprise Value to Invested Capital (EV/IC)		 1.45 1.61 1.44 1.24 1.31 1.28 1.10 1.20 1.38 1.91 1.96
Enterprise Value to Revenue (EV/Rev)		 5.81 6.54 6.00 5.40 4.90 4.68 4.16 4.78 4.86 5.76 5.79
Enterprise Value to EBITDA (EV/EBITDA)		 12.83 14.61 13.58 12.11 10.80 9.95 8.52 9.64 9.67 13.16 13.05
Enterprise Value to EBIT (EV/EBIT)		 13.77 15.97 15.28 13.77 12.37 11.53 9.70 11.02 11.14 15.42 15.25
Enterprise Value to NOPAT (EV/NOPAT)		 17.29 20.12 19.40 17.56 15.82 14.76 12.50 14.30 14.44 19.91 19.68
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.51 16.13 13.43 13.97 14.47 14.90 12.47 12.59 14.37 17.08 15.73
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 573.18 40.41 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.49 0.52 0.54 0.65 0.45 0.44 0.61 0.70 0.51 0.28 0.21
Long-Term Debt to Equity		 0.34 0.35 0.38 0.48 0.26 0.26 0.47 0.53 0.38 0.10 0.04
Financial Leverage		 0.47 0.48 0.57 0.67 0.48 0.36 0.42 0.48 0.37 0.15 0.17
Leverage Ratio		 9.25 9.47 9.39 9.43 9.46 9.68 10.05 9.83 9.93 9.85 9.85
Compound Leverage Factor		 9.25 9.47 9.39 9.43 9.46 9.68 10.05 9.83 9.93 9.85 9.85
Debt to Total Capital		 32.90% 34.24% 34.94% 39.32% 30.80% 30.68% 37.81% 41.14% 33.82% 21.61% 17.11%
Short-Term Debt to Total Capital		 10.42% 11.39% 10.44% 10.37% 12.86% 12.36% 8.78% 10.08% 8.71% 13.74% 14.13%
Long-Term Debt to Total Capital		 22.48% 22.85% 24.50% 28.95% 17.94% 18.32% 29.03% 31.07% 25.11% 7.87% 2.98%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.34%
Common Equity to Total Capital		 67.10% 65.76% 65.06% 60.68% 69.20% 69.32% 62.19% 58.86% 66.18% 78.39% 82.55%
Debt to EBITDA		 2.91 3.11 3.29 3.83 2.54 2.38 2.94 3.31 2.38 1.49 1.14
Net Debt to EBITDA		 0.45 1.26 1.63 2.48 1.50 0.71 1.78 2.05 0.52 0.30 -1.35
Long-Term Debt to EBITDA		 1.99 2.07 2.31 2.82 1.48 1.42 2.26 2.50 1.77 0.54 0.20
Debt to NOPAT		 3.92 4.28 4.70 5.55 3.72 3.52 4.31 4.91 3.55 2.25 1.71
Net Debt to NOPAT		 0.61 1.74 2.33 3.59 2.19 1.06 2.62 3.04 0.78 0.45 -2.04
Long-Term Debt to NOPAT		 2.68 2.85 3.29 4.08 2.17 2.10 3.31 3.70 2.64 0.82 0.30
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.19% 0.20% 0.00% 0.21%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -156 -161 -109 -74 -38 -244 -389 -407 -242 -264 -105
Operating Cash Flow to CapEx		 1,018.17% 577.64% 3,698.40% 1,693.11% 951.69% 1,380.23% 4,377.39% 2,559.71% 564.93% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -3.85 -3.98 -2.67 -1.93 -1.04 -7.34 -14.08 -18.41 -14.76 -26.74 -20.87
Operating Cash Flow to Interest Expense		 0.49 0.47 1.36 1.34 0.48 0.91 1.18 1.54 0.60 3.81 9.81
Operating Cash Flow Less CapEx to Interest Expense		 0.44 0.39 1.32 1.26 0.43 0.85 1.15 1.48 0.49 4.62 12.15
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.04 0.05 0.04
Fixed Asset Turnover		 3.22 3.22 3.22 3.15 3.17 3.27 3.42 3.11 3.19 3.56 3.39
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,454 1,430 1,436 1,474 1,264 1,238 1,297 1,373 1,200 970 882
Invested Capital Turnover		 0.27 0.26 0.25 0.24 0.27 0.31 0.31 0.30 0.32 0.39 0.37
Increase / (Decrease) in Invested Capital		 190 192 138 101 64 268 416 435 271 294 134
Enterprise Value (EV)		 2,107 2,305 2,071 1,835 1,654 1,590 1,422 1,647 1,652 1,857 1,732
Market Capitalization		 2,033 2,106 1,823 1,460 1,425 1,476 1,124 1,296 1,563 1,815 1,908
Book Value per Share		 $33.14 $31.98 $31.77 $30.43 $29.90 $29.26 $27.52 $27.56 $27.15 $25.99 $24.89
Tangible Book Value per Share		 $26.04 $24.84 $24.58 $23.21 $22.61 $21.95 $20.17 $20.17 $19.70 $18.50 $16.98
Total Capital		 1,454 1,430 1,436 1,474 1,264 1,238 1,297 1,373 1,200 970 882
Total Debt		 478 490 502 580 389 380 491 565 406 210 151
Total Long-Term Debt		 327 327 352 427 227 227 377 427 301 76 26
Net Debt		 74 199 249 375 229 114 297 351 89 42 -179
Capital Expenditures (CapEx)		 1.94 3.28 1.50 3.02 1.83 2.20 0.74 1.33 1.73 -8.07 -12
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 478 490 502 580 389 380 491 565 406 210 151
Total Depreciation and Amortization (D&A)		 1.25 2.94 3.45 3.53 3.44 6.58 4.64 4.84 5.88 4.93 5.70
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.13 $1.08 $1.00 $0.94 $0.89 $0.81 $0.93 $0.95 $1.00 $1.05 $0.98
Adjusted Weighted Average Basic Shares Outstanding		 29.35M 29.29M 29.30M 29.28M 29.25M 29.21M 29.22M 29.22M 29.18M 28.67M 29.14M
Adjusted Diluted Earnings per Share		 $1.13 $1.07 $1.00 $0.94 $0.88 $0.82 $0.92 $0.94 $0.99 $1.04 $0.97
Adjusted Weighted Average Diluted Shares Outstanding		 29.50M 29.42M 29.45M 29.38M 29.36M 29.34M 29.34M 29.34M 29.37M 28.92M 29.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.47M 29.44M 29.41M 29.41M 29.39M 29.33M 29.32M 29.32M 29.32M 29.26M 29.26M
Normalized Net Operating Profit after Tax (NOPAT)		 33 32 29 28 26 24 27 28 29 30 29
Normalized NOPAT Margin		 35.57% 33.91% 32.70% 32.21% 31.06% 27.70% 32.17% 33.02% 34.13% 33.83% 32.71%
Pre Tax Income Margin		 44.49% 41.88% 41.21% 41.16% 39.54% 35.14% 41.25% 42.53% 43.68% 44.21% 43.06%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.02 0.97 0.91 0.92 0.90 0.91 1.26 1.61 2.27 3.95 7.46
NOPAT to Interest Expense		 0.82 0.79 0.72 0.72 0.71 0.72 0.98 1.25 1.77 3.03 5.67
EBIT Less CapEx to Interest Expense		 0.98 0.89 0.87 0.84 0.85 0.85 1.23 1.55 2.16 4.77 9.80
NOPAT Less CapEx to Interest Expense		 0.77 0.70 0.68 0.64 0.66 0.65 0.95 1.19 1.67 3.84 8.01
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.59% 31.29% 33.25% 33.67% 33.35% 32.09% 30.13% 29.47% 29.35% 35.69% 36.68%
Augmented Payout Ratio		 33.03% 34.97% 36.36% 35.59% 35.23% 34.59% 30.13% 29.47% 29.35% 40.85% 36.68%

Frequently Asked Questions About Stock Yards Bancorp's Financials

When does Stock Yards Bancorp's fiscal year end?

According to the most recent income statement we have on file, Stock Yards Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Stock Yards Bancorp's net income changed over the last 2 years?

Stock Yards Bancorp's net income appears to be on an upward trend, with a most recent value of $114.54 million in 2024, rising from $93.29 million in 2022. The previous period was $107.75 million in 2023. View Stock Yards Bancorp's forecast to see where analysts expect Stock Yards Bancorp to go next.

How has Stock Yards Bancorp revenue changed over the last 2 years?

Over the last 2 years, Stock Yards Bancorp's total revenue changed from $322.53 million in 2022 to $352.27 million in 2024, a change of 9.2%.

How much debt does Stock Yards Bancorp have?

Stock Yards Bancorp's total liabilities were at $7.92 billion at the end of 2024, a 8.4% increase from 2023, and a 17.6% increase since 2022.

How much cash does Stock Yards Bancorp have?

In the past 2 years, Stock Yards Bancorp's cash and equivalents has ranged from $78.93 million in 2024 to $94.47 million in 2023, and is currently $78.93 million as of their latest financial filing in 2024.

How has Stock Yards Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, Stock Yards Bancorp's book value per share changed from 25.99 in 2022 to 31.98 in 2024, a change of 23.0%.


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This page (NASDAQ:SYBT) was last updated on 5/28/2025 by MarketBeat.com Staff
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