Stock Yards Bancorp (SYBT) Financials

$66.38 +1.50 (+2.32%)

As of 10:29 AM Eastern

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
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

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
Net Income / (Loss) Attributable to Common Shareholders	28	30	29	28	27	24	26	28	29	32
Consolidated Net Income / (Loss)	29	30	29	28	27	24	26	28	29	32
Net Income / (Loss) Continuing Operations	29	30	29	28	27	24	26	28	29	32
Total Pre-Tax Income	38	39	37	36	35	30	33	35	37	39
Total Revenue	87	88	85	84	84	86	83	86	90	93
Net Interest Income / (Expense)	62	65	63	61	61	62	60	62	65	70
Total Interest Income	67	75	79	83	89	95	97	100	106	110
Loans and Leases Interest Income	57	64	69	73	79	83	86	91	96	99
Investment Securities Interest Income	7.94	8.75	8.89	8.74	8.50	8.34	8.11	7.59	7.38	8.65
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
Total Interest Expense	5.03	9.89	16	22	28	33	36	38	41	40
Deposits Interest Expense	4.45	9.02	13	17	21	30	32	32	34	36
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
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
Total Non-Interest Income	25	23	22	23	23	24	23	24	25	24
Other Service Charges	21	42	22	23	0.81	-41	23	23	1.11	-43
Net Realized & Unrealized Capital Gains on Investments	3.07	1.27	-0.00	-0.23	0.30	-0.15	0.00	0.02	-0.06	-0.06
Other Non-Interest Income	0.52	-20	0.55	0.56	22	66	0.59	0.60	24	67
Provision for Credit Losses	4.80	3.38	2.63	2.35	2.78	6.05	1.43	1.30	4.33	2.68
Total Non-Interest Expense	45	46	45	46	47	50	49	49	48	52
Salaries and Employee Benefits	27	27	27	27	28	28	30	30	30	31
Net Occupancy & Equipment Expense	7.51	7.59	8.15	7.73	8.06	9.76	8.74	8.71	8.28	8.67
Marketing Expense	1.24	1.54	1.10	1.78	1.36	1.75	1.08	1.60	1.44	2.82
Property & Liability Insurance Claims	1.62	1.22	1.93	1.60	1.99	2.35	2.23	2.35	2.06	2.01
Other Operating Expenses	5.55	7.07	5.69	6.02	5.93	6.33	5.77	5.68	5.46	5.70
Amortization Expense	1.70	1.70	1.50	1.50	1.49	1.49	1.05	1.05	1.05	1.33
Income Tax Expense	9.02	9.17	8.13	7.98	7.64	6.43	7.07	7.67	7.64	7.45
Basic Earnings per Share	$0.98	$1.05	$1.00	$0.95	$0.93	$0.81	$0.89	$0.94	$1.00	$1.08
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
Diluted Earnings per Share	$0.97	$1.04	$0.99	$0.94	$0.92	$0.82	$0.88	$0.94	$1.00	$1.07
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
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

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
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

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
Net Change in Cash & Equivalents	-244	-163	150	-103	-21	73	-106	44	49	38
Net Cash From Operating Activities	49	38	9.76	34	33	30	17	51	55	19
Net Cash From Continuing Operating Activities	49	38	9.76	34	33	30	17	51	55	19
Net Income / (Loss) Continuing Operations	29	30	29	28	27	24	26	28	29	32
Consolidated Net Income / (Loss)	29	30	29	28	27	24	26	28	29	32
Provision For Loan Losses	4.80	3.38	2.63	2.35	2.78	6.05	1.43	1.30	4.33	2.68
Depreciation Expense	5.70	4.93	5.88	4.84	4.64	6.58	3.44	3.53	3.45	2.94
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
Changes in Operating Assets and Liabilities, net	9.35	-1.25	-27	2.06	-1.53	-7.75	-14	19	19	-16
Net Cash From Investing Activities	-200	-139	-17	-135	-165	-107	-58	-149	-71	-399
Net Cash From Continuing Investing Activities	-200	-139	-17	-135	-165	-107	-58	-149	-71	-399
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
Purchase of Investment Securities	-108	-100	-3.26	-227	-231	427	-9.39	-316	-225	90
Sale and/or Maturity of Investments	49	39	35	46	67	56	32	92	155	254
Net Cash From Financing Activities	-94	-61	157	-1.63	111	149	-66	142	65	418
Net Cash From Continuing Financing Activities	-94	-61	157	-1.63	111	149	-66	142	65	418
Net Change in Deposits	-48	-109	-34	-149	194	268	-62	-40	157	440
Issuance of Debt	-	50	700	700	750	-1,200	725	850	925	-1,500
Repayment of Debt	-	-	-475	-575	-800	1,050	-725	-650	-1,000	1,475
Repurchase of Common Equity	-	-	-2.37	-0.01	-0.00	-0.31	-1.64	-0.05	-1.32	-1.22
Payment of Dividends	-8.45	-8.46	-8.56	-8.48	-8.77	-8.77	-8.87	-8.79	-9.08	-9.10
Other Financing Activities, Net	-37	11	-23	31	-25	40	6.65	-9.51	-6.68	13
Cash Interest Paid	6.13	9.63	16	22	27	33	36	38	41	40
Cash Income Taxes Paid	1.63	11	0.00	17	11	6.87	5.12	2.07	5.96	6.29

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
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

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

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

Metric	2022	2023	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%

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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.26%	36.46%	25.24%	6.16%	-3.47%	-2.23%	-2.09%	2.25%	6.61%	8.15%
EBITDA Growth	30.70%	23.92%	220.74%	0.09%	-8.99%	-16.03%	-15.48%	-4.16%	2.73%	13.88%
EBIT Growth	24.95%	21.70%	296.08%	3.45%	-7.53%	-22.29%	-11.36%	-1.04%	6.52%	28.87%
NOPAT Growth	23.22%	21.64%	265.75%	2.83%	-5.07%	-19.95%	-10.88%	-0.24%	8.37%	32.37%
Net Income Growth	23.22%	21.64%	265.75%	2.83%	-5.07%	-19.95%	-10.88%	-0.24%	8.37%	32.37%
EPS Growth	11.49%	10.64%	241.38%	3.30%	-5.15%	-21.15%	-11.11%	0.00%	8.70%	30.49%
Operating Cash Flow Growth	209.31%	-3.45%	177.33%	87.09%	-34.11%	-19.48%	78.41%	49.81%	70.34%	-37.50%
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%
Invested Capital Growth	17.86%	43.54%	29.16%	46.40%	47.18%	27.60%	5.30%	7.38%	10.66%	15.54%
Revenue Q/Q Growth	10.54%	1.34%	-3.72%	-1.56%	0.50%	2.64%	-3.58%	2.80%	4.78%	4.12%
EBITDA Q/Q Growth	6.97%	1.74%	-2.17%	-5.99%	-2.73%	-6.13%	-1.53%	6.59%	4.26%	4.06%
EBIT Q/Q Growth	9.04%	4.05%	-4.87%	-4.14%	-2.54%	-12.55%	8.50%	7.02%	4.91%	5.80%
NOPAT Q/Q Growth	6.09%	4.80%	-2.88%	-4.76%	-2.07%	-11.62%	8.11%	6.61%	6.38%	7.95%
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%
EPS Q/Q Growth	6.59%	7.22%	-4.81%	-5.05%	-2.13%	-10.87%	7.32%	6.82%	6.38%	7.00%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	49.59%	49.79%	50.59%	48.31%	46.75%	42.76%	43.67%	45.28%	45.05%	45.03%
EBIT Margin	43.06%	44.21%	43.68%	42.53%	41.25%	35.14%	39.54%	41.16%	41.21%	41.88%
Profit (Net Income) Margin	32.71%	33.83%	34.13%	33.02%	32.17%	27.70%	31.06%	32.21%	32.70%	33.91%
Tax Burden Percent	75.98%	76.53%	78.13%	77.62%	78.00%	78.83%	78.55%	78.25%	79.35%	80.97%
Interest Burden Percent	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%
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%
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%
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%
Return on Equity (ROE)	14.03%	15.19%	14.90%	14.60%	14.29%	11.62%	12.57%	12.85%	12.97%	13.28%
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%
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%
Return on Assets (ROA)	1.42%	1.54%	1.50%	1.49%	1.42%	1.20%	1.33%	1.36%	1.38%	1.40%
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%
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%
Net Operating Profit after Tax (NOPAT)	29	30	29	28	27	24	26	28	29	32
NOPAT Margin	32.71%	33.83%	34.13%	33.02%	32.17%	27.70%	31.06%	32.21%	32.70%	33.91%
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%
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%
Operating Expenses to Revenue	51.44%	51.97%	53.24%	54.66%	55.46%	57.86%	58.75%	57.32%	53.97%	55.26%
Earnings before Interest and Taxes (EBIT)	38	39	37	36	35	30	33	35	37	39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	44	43	40	39	37	36	39	40	42
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
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
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
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
Dividend Yield	1.73%	1.84%	2.15%	2.62%	3.05%	2.34%	2.45%	2.42%	1.95%	1.70%
Earnings Yield	4.60%	5.12%	7.30%	8.87%	10.10%	7.30%	7.34%	7.16%	5.86%	5.44%
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
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
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
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
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
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
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
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
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
Financial Leverage	0.17	0.15	0.37	0.48	0.42	0.36	0.48	0.67	0.57	0.48
Leverage Ratio	9.85	9.85	9.93	9.83	10.05	9.68	9.46	9.43	9.39	9.47
Compound Leverage Factor	9.85	9.85	9.93	9.83	10.05	9.68	9.46	9.43	9.39	9.47
Debt to Total Capital	17.11%	21.61%	33.82%	41.14%	37.81%	30.68%	30.80%	39.32%	34.94%	34.24%
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%
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%
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%
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%
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%
Debt to EBITDA	1.14	1.49	2.38	3.31	2.94	2.38	2.54	3.83	3.29	3.11
Net Debt to EBITDA	-1.35	0.30	0.52	2.05	1.78	0.71	1.50	2.48	1.63	1.26
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
Debt to NOPAT	1.71	2.25	3.55	4.91	4.31	3.52	3.72	5.55	4.70	4.28
Net Debt to NOPAT	-2.04	0.45	0.78	3.04	2.62	1.06	2.19	3.59	2.33	1.74
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
Noncontrolling Interest Sharing Ratio	0.21%	0.00%	0.20%	0.19%	0.19%	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
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.05	0.04	0.05	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
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	882	970	1,200	1,373	1,297	1,238	1,264	1,474	1,436	1,430
Invested Capital Turnover	0.37	0.39	0.32	0.30	0.31	0.31	0.27	0.24	0.25	0.26
Increase / (Decrease) in Invested Capital	134	294	271	435	416	268	64	101	138	192
Enterprise Value (EV)	1,732	1,857	1,652	1,647	1,422	1,590	1,654	1,835	2,071	2,305
Market Capitalization	1,908	1,815	1,563	1,296	1,124	1,476	1,425	1,460	1,823	2,106
Book Value per Share	$24.89	$25.99	$27.15	$27.56	$27.52	$29.26	$29.90	$30.43	$31.77	$31.98
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
Total Capital	882	970	1,200	1,373	1,297	1,238	1,264	1,474	1,436	1,430
Total Debt	151	210	406	565	491	380	389	580	502	490
Total Long-Term Debt	26	76	301	427	377	227	227	427	352	327
Net Debt	-179	42	89	351	297	114	229	375	249	199
Capital Expenditures (CapEx)	-12	-8.07	1.73	1.33	0.74	2.20	1.83	3.02	1.50	3.28
Net Nonoperating Expense (NNE)	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
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
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	29	30	29	28	27	24	26	28	29	32
Normalized NOPAT Margin	32.71%	33.83%	34.13%	33.02%	32.17%	27.70%	31.06%	32.21%	32.70%	33.91%
Pre Tax Income Margin	43.06%	44.21%	43.68%	42.53%	41.25%	35.14%	39.54%	41.16%	41.21%	41.88%
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
NOPAT to Interest Expense	5.67	3.03	1.77	1.25	0.98	0.72	0.71	0.72	0.72	0.79
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
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
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%
Augmented Payout Ratio	36.68%	40.85%	29.35%	29.47%	30.13%	34.59%	35.23%	35.59%	36.36%	34.97%

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.

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%.

Remove Ads

Related Companies

This page (NASDAQ:SYBT) was last updated on 4/15/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Stock Yards Bancorp (SYBT) Financials

Frequently Asked Questions About Stock Yards Bancorp's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Stock Yards Bancorp (SYBT) Financials

Annual Income Statements for Stock Yards Bancorp

Quarterly Income Statements for Stock Yards Bancorp

Annual Cash Flow Statements for Stock Yards Bancorp

Quarterly Cash Flow Statements for Stock Yards Bancorp

Annual Balance Sheets for Stock Yards Bancorp

Quarterly Balance Sheets for Stock Yards Bancorp

Annual Metrics and Ratios for Stock Yards Bancorp

Quarterly Metrics and Ratios for Stock Yards Bancorp

Frequently Asked Questions About Stock Yards Bancorp's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools