Stock Yards Bancorp Q1 2023 Earnings Report

Stock Yards Bancorp EPS Results

• Actual EPS: $0.99
• Consensus EPS: $0.92
• Beat/Miss: Beat by +$0.07
• One Year Ago EPS: N/A

Stock Yards Bancorp Revenue Results

• Actual Revenue: $85.29 million
• Expected Revenue: $84.45 million
• Beat/Miss: Beat by +$840.00 thousand
• YoY Revenue Growth: N/A

Stock Yards Bancorp Announcement Details

• Quarter: Q1 2023
• Date: 4/26/2023
• Time: N/A

Stock Yards Bancorp (NASDAQ:SYBT) 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 a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, 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. It provides services in Louisville, central, eastern, and northern Kentucky, as well as Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets. The company was founded in 1904 and is headquartered in Louisville, Kentucky.