NASDAQ : SYBT
Stock Yards Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 78.7 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.44B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 455.26M | 417.29M | 369.59M | 302.25M | 216.33M | 164.32M |
| Interest Income on Investments | 46.23M | 50.30M | 43.28M | 44.44M | 35.32M | 12.75M |
| Total Interest Income | 501.49M | 467.59M | 412.88M | 346.70M | 251.65M | 177.08M |
| Interest Paid on Deposits | 148.58M | 149.51M | 133.54M | 81.58M | 16.41M | 5.63M |
| Interest Paid on Borrowings | 14.80M | 17.77M | 22.30M | 17.78M | 1.86M | 375.00K |
| Total Interest Expense | 163.39M | 167.28M | 155.84M | 99.36M | 18.27M | 6.00M |
| Net Interest Income | 338.10M | 300.31M | 257.04M | 247.33M | 233.38M | 171.07M |
| Trust Income | 60.30M | 54.49M | 53.91M | 49.84M | 44.70M | 34.52M |
| Mortgage Banking Activities | 3.68M | 4.12M | 3.86M | 3.71M | 3.21M | 4.72M |
| Gain (Loss) on Sale of Assets | 443.00K | 72.00K | -100.00K | -30.00K | 3.47M | -78.00K |
| Gain (Loss) on Sale of Investments | -1.34M | -353.00K | -367.00K | |||
| Other Non-Interest Income | 30.30M | 29.53M | 28.66M | 29.89M | 28.61M | 20.83M |
| Total Non-Interest Income | 104.10M | 96.95M | 95.23M | 90.93M | 87.93M | 65.48M |
| Revenues Before Loan Losses | 442.20M | 397.26M | 352.27M | 338.26M | 321.31M | 236.56M |
| Provision for Loan Losses | 4.22M | 6.70M | 9.72M | 13.80M | 10.26M | -753.00K |
| Revenue | 437.98M | 390.56M | 342.55M | 324.46M | 311.05M | 237.31M |
| Salaries and Employee Benefits | 140.35M | 127.92M | 117.84M | 106.38M | 99.15M | 72.26M |
| Occupancy Expenses | 13.84M | 12.02M | 10.71M | 12.83M | 11.08M | 7.32M |
| Federal Deposit Insurance | 4.45M | 4.80M | 4.54M | 3.91M | 2.76M | 1.85M |
| Amortization of Goodwill & Intangibles | 5.18M | 3.66M | 4.49M | 4.69M | 5.54M | 770.00K |
| Selling, General & Administrative | 47.53M | 43.20M | 41.64M | 38.37M | 33.48M | 26.71M |
| Other Non-Interest Expense | 23.14M | 20.26M | 18.46M | 19.84M | 18.73M | 13.67M |
| Total Non-Interest Expense | 235.01M | 212.36M | 198.18M | 186.53M | 171.07M | 122.89M |
| EBT Excluding Unusual Items | 202.97M | 178.20M | 144.37M | 137.93M | 139.98M | 114.42M |
| Pretax Income | 200.01M | 178.20M | 144.37M | 137.93M | 120.48M | 95.40M |
| Income Tax Expense | 43.24M | 38.05M | 29.83M | 30.18M | 27.19M | 20.75M |
| Earnings From Continuing Operations | 156.77M | 140.15M | 114.54M | 107.75M | 93.29M | 74.64M |
| Minority Interest in Earnings | -322.00K | |||||
| Net Income | 156.77M | 140.15M | 114.54M | 107.75M | 92.97M | 74.64M |
| Net Income to Common | 156.77M | 140.15M | 114.54M | 107.75M | 92.97M | 74.64M |
| Basic Shares Outstanding | 30.04M | 29.36M | 29.29M | 29.21M | 28.67M | 24.90M |
| Diluted Shares Outstanding | 30.18M | 29.51M | 29.42M | 29.34M | 28.92M | 25.16M |
| EPS (Basic) | 5.22 | 4.77 | 3.91 | 3.69 | 3.24 | 3.00 |
| EPS (Diluted) | 5.19 | 4.75 | 3.89 | 3.67 | 3.21 | 2.97 |
| Dividend Per Share | 1.29 | 1.26 | 1.22 | 1.18 | 1.14 | 1.10 |
| Effective Tax Rate | 21.62% | 21.35% | 20.66% | 21.88% | 22.57% | 21.75% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 673.39M | 886.38M | 291.02M | 265.96M | 167.37M | 960.99M |
| Investment Securities | 406.70M | 763.81M | 748.37M | 651.15M | 344.76M | |
| Trading Asset Securities | 4.50M | 12.44M | 5.13M | 10.73M | 3.15M | |
| Mortgage-Backed Securities | 799.42M | 709.00M | 781.90M | 897.70M | 980.65M | 846.62M |
| Total Investments | 799.42M | 1.12B | 1.56B | 1.65B | 1.64B | 1.19B |
| Gross Loans | 7.99B | 7.04B | 6.52B | 5.77B | 5.21B | 4.17B |
| Allowance for Loan Losses | -107.86M | -91.87M | -86.94M | -79.37M | -73.53M | -53.90M |
| Net Loans | 7.88B | 6.95B | 6.43B | 5.69B | 5.13B | 4.12B |
| Property, Plant & Equipment | 118.70M | 112.74M | 101.17M | 101.61M | 76.89M | |
| Goodwill | 239.86M | 194.07M | 194.07M | 194.07M | 194.07M | 135.83M |
| Other Intangible Assets | 30.77M | 12.16M | 15.82M | 20.30M | 24.99M | 5.60M |
| Loans Held for Sale | 9.10M | 6.25M | 6.29M | 6.06M | 2.61M | 8.61M |
| Accrued Interest Receivable | 28.78M | 27.70M | 26.83M | 22.16M | 13.74M | |
| Other Receivables | 5.25M | 4.52M | 4.21M | 3.35M | 2.87M | |
| Restricted Cash | 200.00K | |||||
| Other Current Assets | 10.50M | 8.69M | 8.38M | 8.37M | 4.47M | |
| Long-Term Deferred Tax Assets | 44.67M | 51.65M | 47.24M | 54.15M | 24.34M | |
| Other Real Estate Owned & Foreclosed | 190.00K | 10.00K | 10.00K | 677.00K | 7.21M | |
| Other Long-Term Assets | 604.00M | 138.82M | 137.71M | 136.77M | 131.07M | 85.95M |
| Total Assets | 10.26B | 9.54B | 8.86B | 8.17B | 7.50B | 6.65B |
| Interest Bearing Deposits | 6.71B | 5.79B | 5.35B | 4.84B | 4.34B | 3.94B |
| Institutional Deposits | 567.40M | 365.02M | 279.47M | 97.64M | 89.75M | |
| Non-Interest Bearing Deposits | 1.68B | 1.44B | 1.46B | 1.55B | 1.95B | 1.76B |
| Total Deposits | 8.39B | 7.79B | 7.17B | 6.67B | 6.39B | 5.79B |
| Short-Term Borrowings | 341.18M | 419.81M | 469.49M | 365.89M | 192.13M | 85.84M |
| Current Portion of Leases | 4.13M | 3.96M | 3.37M | 3.45M | 2.63M | |
| Accrued Interest Payable | 1.74M | 1.91M | 2.09M | 660.00K | 300.00K | |
| Long-Term Debt | 2.00M | 2.00M | 4.00M | 5.00M | 5.00M | |
| Long-Term Leases | 28.84M | 27.24M | 19.12M | 17.55M | 13.77M | |
| Trust Preferred Securities | 26.81M | 26.81M | 26.81M | 26.74M | 26.34M | |
| Pension & Post-Retirement Benefits | 16.30M | 14.30M | 14.30M | 2.10M | ||
| Other Long-Term Liabilities | 309.79M | 169.66M | 210.84M | 205.74M | 99.44M | 72.99M |
| Total Liabilities | 9.07B | 8.46B | 7.92B | 7.31B | 6.74B | 5.97B |
| Common Stock | 1.27B | 59.09M | 58.94M | 58.60M | 58.37M | 49.50M |
| Additional Paid-In Capital | 402.82M | 395.08M | 385.95M | 377.70M | 243.11M | |
| Retained Earnings | 675.06M | 577.61M | 506.34M | 439.90M | 391.20M | |
| Comprehensive Income & Other | -74.74M | -61.27M | -91.15M | -92.80M | -115.54M | -7.94M |
| Shareholders' Equity | 1.19B | 1.08B | 940.48M | 858.10M | 760.43M | 675.87M |
| Total Liabilities & Equity | 10.26B | 9.54B | 8.86B | 8.17B | 7.50B | 6.65B |
| Total Debt | 367.98M | 481.59M | 529.49M | 419.11M | 244.48M | 107.25M |
| Net Cash (Debt) | 305.41M | 409.29M | -226.03M | -148.02M | -66.39M | 856.89M |
| Net Cash Per Share | 10.12 | 13.87 | -7.68 | -5.04 | -2.30 | 34.06 |
| Filing Date Shares Outstanding | 31.07M | 29.48M | 29.44M | 29.33M | 29.26M | 26.60M |
| Total Common Shares Outstanding | 31.07M | 29.48M | 29.43M | 29.33M | 29.26M | 26.60M |
| Book Value Per Share | 38.39 | 36.49 | 31.96 | 29.26 | 25.99 | 25.41 |
| Tangible Book Value | 921.90M | 869.46M | 730.58M | 643.73M | 541.37M | 534.44M |
| Tangible Book Value Per Share | 29.68 | 29.50 | 24.82 | 21.95 | 18.50 | 20.09 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 140.15M | 114.54M | 107.75M | 92.97M | 74.64M | |
| Depreciation & Amortization | 7.79M | 13.35M | 21.94M | 20.66M | 11.33M | |
| Gain (Loss) on Sale of Assets | -134.00K | 100.00K | 73.00K | -3.52M | -85.00K | |
| Gain (Loss) on Sale of Investments | 44.00K | |||||
| Provision for Credit Losses | 6.70M | 9.72M | 13.80M | 10.26M | -753.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 3.33M | 2.20M | -1.76M | 10.09M | 20.61M | |
| Accrued Interest Receivable | 9.83M | -1.34M | -3.94M | -14.16M | 4.01M | |
| Other Operating Activities | -5.34M | -5.56M | -2.69M | 548.00K | 4.58M | |
| Operating Cash Flow | 166.05M | 142.87M | 106.70M | 108.74M | 102.10M | |
| Capital Expenditures | -12.04M | -9.85M | -7.73M | -18.44M | -4.58M | |
| Sale of Property, Plant and Equipment | 710.00K | 223.00K | 1.73M | 24.73M | ||
| Cash Acquisitions | 349.46M | 24.98M | ||||
| Investment in Securities | 489.89M | 108.15M | 174.47M | -338.16M | -203.51M | |
| Divestitures | 4.99M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -521.00M | -738.69M | -573.60M | -383.56M | 99.52M | |
| Other Investing Activities | -64.21M | -36.90M | -19.54M | -30.62M | 3.80M | |
| Investing Cash Flow | -106.50M | -677.06M | -424.05M | -384.43M | -78.87M | |
| Short-Term Debt Issued | 3.65M | 23.71M | 15.04M | |||
| Long-Term Debt Issued | 1.20B | 1.00B | 950.00M | 50.00M | 30.00M | |
| Total Debt Issued | 1.20B | 1.00B | 973.71M | 50.00M | 45.04M | |
| Short-Term Debt Repaid | -49.73M | -9.93M | ||||
| Long-Term Debt Repaid | -1.20B | -900.00M | -800.00M | -3.20M | -152.74M | |
| Total Debt Repaid | -1.25B | -900.00M | -800.00M | -13.13M | -152.74M | |
| Net Debt Issued (Repaid) | -49.73M | 103.65M | 173.71M | 36.87M | -107.71M | |
| Repurchase of Common Stock | -2.09M | -4.22M | -2.69M | -4.81M | -3.83M | |
| Common Dividends Paid | -37.11M | -35.84M | -34.58M | -33.30M | -28.20M | |
| Net Increase (Decrease) in Deposit Accounts | 624.74M | 495.65M | 279.50M | -515.67M | 759.75M | |
| Other Financing Activities | -1.24M | |||||
| Financing Cash Flow | 535.81M | 559.25M | 415.94M | -518.14M | 620.02M | |
| Net Cash Flow | 595.36M | 25.06M | 98.59M | -793.83M | 643.25M | |
| Free Cash Flow | 154.00M | 133.02M | 98.97M | 90.30M | 97.52M | |
| Free Cash Flow Margin | 39.43% | 38.83% | 30.50% | 29.03% | 41.09% | |
| Free Cash Flow Per Share | 5.22 | 4.52 | 3.37 | 3.12 | 3.88 | |
| Cash Interest Paid | 167.45M | 156.02M | 97.93M | 17.91M | 6.09M | |
| Cash Income Tax Paid | 21.20M | 19.43M | 35.33M | 20.89M | 14.26M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.48B | 1.91B | 2.11B | 1.51B | 1.90B | 1.70B |
| Last Close Price | 78.43 | 64.08 | 69.42 | 48.81 | 60.14 | 58.03 |
| PE Ratio | 15.35 | 13.66 | 18.40 | 14.01 | 20.45 | 22.75 |
| PS Ratio | 5.56 | 4.90 | 6.15 | 4.65 | 6.11 | 7.16 |
| PB Ratio | 2.04 | 1.78 | 2.24 | 1.76 | 2.50 | 2.51 |
| P/FCF Ratio | 16.54 | 12.43 | 15.84 | 15.26 | 21.05 | 17.41 |
| P/OCF Ratio | 15.17 | 11.53 | 14.75 | 14.15 | 17.48 | 16.63 |
| Debt / Equity Ratio | 0.31 | 0.45 | 0.56 | 0.49 | 0.32 | 0.16 |
| Debt / FCF Ratio | 3.13 | 3.98 | 4.24 | 2.71 | 1.10 | |
| Net Debt / Equity Ratio | -0.26 | -0.38 | 0.24 | 0.17 | 0.09 | -1.27 |
| Net Debt / FCF Ratio | -2.66 | 1.70 | 1.50 | 0.73 | -8.79 | |
| Return on Equity (ROE) | 14.04% | 13.90% | 12.74% | 13.31% | 12.99% | 13.37% |
| Return on Assets (ROA) | 1.60% | 1.52% | 1.34% | 1.38% | 1.32% | 1.33% |
| Earnings Yield | 6.51% | 7.32% | 5.44% | 7.14% | 4.89% | 4.40% |
| FCF Yield | 6.05% | 8.04% | 6.31% | 6.55% | 4.75% | 5.74% |
| Dividend Yield | 1.68% | 1.94% | 1.70% | 2.29% | 1.75% | 1.72% |
| Payout Ratio | 25.42% | 26.48% | 31.29% | 32.09% | 35.82% | 37.78% |
| Buyback Yield / Dilution | -2.26% | -0.29% | -0.27% | -1.46% | -14.97% | -10.49% |
| Total Shareholder Return | -0.58% | 1.65% | 1.44% | 0.84% | -13.22% | -8.77% |