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Stock Yards Bancorp (SYBT) Financials

Stock Yards Bancorp logo
$70.41 +0.80 (+1.15%)
Closing price 04:00 PM Eastern
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$70.41 0.00 (0.00%)
As of 04:10 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 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 93 108 115
Consolidated Net Income / (Loss)		 93 108 115
Net Income / (Loss) Continuing Operations		 93 108 115
Total Pre-Tax Income 		120 138 144
Total Revenue		 323 340 352
Net Interest Income / (Expense)		 233 247 257
Total Interest Income		 252 347 413
Loans and Leases Interest Income		 217 304 372
Investment Securities Interest Income		 29 34 32
Federal Funds Sold and Securities Borrowed Interest Income		 6.02 8.41 9.26
Total Interest Expense		 18 99 156
Deposits Interest Expense		 16 82 134
Long-Term Debt Interest Expense		 1.14 15 18
Federal Funds Purchased and Securities Sold Interest Expense		 0.57 2.78 3.90
Total Non-Interest Income		 89 92 95
Other Service Charges		 83 3.71 3.86
Net Realized & Unrealized Capital Gains on Investments		 4.34 -0.07 -0.10
Other Non-Interest Income		 1.60 89 91
Provision for Credit Losses		 10 14 9.73
Total Non-Interest Expense		 192 188 198
Salaries and Employee Benefits		 103 110 121
Net Occupancy & Equipment Expense		 29 34 34
Marketing Expense		 5.01 5.99 6.92
Property & Liability Insurance Claims		 5.70 7.87 8.65
Other Operating Expenses		 23 24 23
Amortization Expense		 5.90 5.98 4.49
Restructuring Charge		 20 0.00 0.00
Other Special Charges		 - 0.00 0.00
Income Tax Expense		 27 30 30
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.32 0.00 0.00
Basic Earnings per Share		 $3.24 $3.69 $3.91
Weighted Average Basic Shares Outstanding		 28.67M 29.21M 29.29M
Diluted Earnings per Share		 $3.21 $3.67 $3.89
Weighted Average Diluted Shares Outstanding		 28.92M 29.34M 29.42M
Weighted Average Basic & Diluted Shares Outstanding		 29.26M 29.33M 29.44M
Cash Dividends to Common per Share		 $1.14 $1.18 $1.22

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

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

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

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

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

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

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

Financials Breakdown Chart

Key Financial Trends

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has demonstrated consistent growth in its financial performance over the past several quarters, with a close look at the last four years' quarterly income statements, cash flow statements, and balance sheets revealing several notable trends.

  • Steady Growth in Net Interest Income: Net interest income increased from approximately $62.4 million in Q3 2022 to $70.6 million in Q1 2025, reflecting an improving margin on loans and deposits.
  • Increasing Net Income: Net income attributable to common shareholders has shown a consistent upward trend, growing from $28.5 million in Q3 2022 to $33.3 million in Q1 2025.
  • Stable Earnings per Share (EPS): Diluted EPS has increased from $0.94 in Q3 2022 to $1.13 in Q1 2025, confirming strong profitability at the shareholder level.
  • Consistent Dividend Payments: Cash dividends per share have been steadily raised from $0.29 in Q3 2022 to $0.31 in Q1 2025, signaling management's confidence in cash flow and earnings stability.
  • Growing Asset Base: Total assets rose from roughly $7.55 billion at Q3 2022 to nearly $9.0 billion by Q1 2025, mostly fueled by increases in cash, federal funds sold, and trading account securities.
  • Increase in Deposits: Total deposits have grown significantly, with interest-bearing deposits increasing from about $4.3 billion in Q3 2022 to $5.79 billion in Q1 2025, indicating increased customer trust and liquidity.
  • Controlled Provision for Credit Losses: Although provisions have fluctuated, recent quarters reflect moderate amounts (e.g., $900,000 in Q1 2025 versus $4.8 million in Q3 2022), suggesting improved credit quality or risk management.
  • Fluctuating Other Non-Interest Income: Non-interest income items, such as other service charges and gains/losses on investments, have varied with occasional minor gains and losses considered part of normal banking operations.
  • Moderate Increase in Non-Interest Expenses: Non-interest expenses like salaries, occupancy, and marketing have increased moderately, consistent with growth initiatives and inflationary pressures.
  • Rising Interest Expense on Long-Term Debt: Interest on long-term debt has increased significantly from around $359,000 in Q3 2022 to over $5.1 million in Q1 2025, which may pressure net interest margins if not offset by income growth.

Overall, Stock Yards Bancorp has shown solid financial health characterized by rising earnings, strong deposit growth, and disciplined credit loss provisions. Some caution is warranted regarding increasing interest expense on long-term debt, but the company's ability to steadily raise dividends and grow EPS is a positive indication for investors. The data suggests strong fundamentals and operational execution as the bank navigates evolving market conditions.

10/06/25 07:03 PM ETAI Generated. May Contain Errors.

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's 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 10/6/2025 by MarketBeat.com Staff
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