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Stock Yards Bancorp, Inc. 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, credit card services, and other banking services. This segment also provides securities brokerage services through an arrangement with a third party broker-dealer. The WM&T segment engages in the provision of investment management, financial and retirement planning, and trust and estate services, as well as retirement plan management for businesses and corporations. The company was founded in 1904 and is headquartered in Louisville, Kentucky.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $390M | - | $140M | $154M | 13.0% | 12.9% | 22.4% |
| 2024 | $345M | - | $115M | $133M | 12.2% | 3.6% | 6.3% |
| 2023 | $333M | - | $108M | $99M | 12.6% | 6.7% | 15.9% |
| 2022 | $312M | - | $93M | $90M | 12.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 312.28 | 333.10 | 345.11 | 389.57 |
| Pretax Income | 120.48 | 137.93 | 144.37 | 178.20 |
| Tax Provision | 27.19 | 30.18 | 29.83 | 38.05 |
| Net Income | 92.97 | 107.75 | 114.54 | 140.15 |
| Net Income Common Stockholders | 92.97 | 107.75 | 114.54 | 140.15 |
| Interest Expense | 18.27 | 99.36 | 155.84 | 167.28 |
| Interest Income | 251.65 | 346.70 | 412.88 | 467.59 |
| Selling General And Administration | 110.97 | 120.23 | 132.57 | 144.15 |
| Normalized Income | 105.38 | 107.77 | 114.62 | 140.09 |
| Basic EPS | 3.24 | 3.69 | 3.91 | 0 |
| Diluted EPS | 3.21 | 3.67 | 3.89 | 0 |
| Tax Effect Of Unusual Items | -3.62 | -0.01 | -0.02 | 0.02 |
| Tax Rate For Calcs | 0.23 | 0.22 | 0.21 | 0.21 |
| Total Unusual Items | -16.03 | -0.03 | -0.10 | 0.07 |
| Total Unusual Items Excluding Goodwill | -16.03 | -0.03 | -0.10 | 0.07 |
| Net Income From Continuing Operation Net Minority Interest | 92.97 | 107.75 | 114.54 | 140.15 |
| Reconciled Depreciation | 20.66 | 21.94 | 13.35 | 7.79 |
| Net Interest Income | 233.38 | 247.33 | 257.04 | 300.31 |
| Net Income From Continuing And Discontinued Operation | 92.97 | 107.75 | 114.54 | 140.15 |
| Diluted Average Shares | 28.92 | 29.21 | 29.42 | 0 |
| Basic Average Shares | 28.67 | 29.21 | 29.29 | 0 |
| Diluted NI Availto Com Stockholders | 92.97 | 107.75 | 114.54 | 140.15 |
| Minority Interests | -0.32 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 93.29 | 107.75 | 114.54 | 140.15 |
| Net Income Continuous Operations | 93.29 | 107.75 | 114.54 | 140.15 |
| Special Income Charges | -16.03 | -0.03 | -0.10 | 0.07 |
| Gain On Sale Of Business | -0.87 | 0 | 0 | 0 |
| Other Special Charges | -4.34 | 0.03 | 0.10 | -0.07 |
| Restructuring And Mergern Acquisition | 19.50 | 0 | 0 | 0 |
| Securities Amortization | 0.35 | 1.29 | 0 | 0 |
| Gain On Sale Of Security | 0 | -0.04 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 5.54 | 4.69 | 4.49 | 3.66 |
| Depreciation And Amortization In Income Statement | 5.54 | 4.69 | 4.49 | 3.66 |
| Amortization | 5.54 | 4.69 | 4.49 | 3.66 |
| Amortization Of Intangibles Income Statement | 5.54 | 4.69 | 4.49 | 3.66 |
| Selling And Marketing Expense | 5 | 5.99 | 6.92 | 7.53 |
| General And Administrative Expense | 105.97 | 114.24 | 125.65 | 136.62 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 2.76 | 3.91 | 4.54 | 4.80 |
| Salaries And Wages | 103.21 | 110.33 | 121.11 | 131.82 |
| Operating Revenue | 312.28 | 333.10 | 345.11 | 389.57 |
| Occupancy And Equipment | 14.30 | 16.38 | 15.19 | 16.53 |
| Professional Expense And Contract Services Expense | 2.94 | 3.96 | 4.11 | 4.21 |
| Other Non Interest Expense | 31.40 | 34.80 | 34.55 | 36.20 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Stock Yards Bancorp, Inc.this co. | SYBT | - | - | - | 13.0% | - |
| Silvercrest Asset Management Group Inc. | SAMG | $107M | 23.59 | 2.04 | 5.8% | 9.86 |
| Sound Financial Bancorp, Inc. | SFBC | $98M | 14.04 | 0.96 | 6.5% | - |
| Kestrel Group Ltd | KG | $89M | 1.12 | 0.58 | 36.4% | - |
| Vroom, Inc. | VRM | $80M |
| - |
| 0.69 |
| -45.5% |
| 57.65 |
| Siebert Financial Corp. | SIEB | $72M | 13.46 | 0.79 | 5.7% | - |
| eHealth, Inc. | EHTH | $62M | - | 0.10 | 6.8% | 7.11 |
| MarketWise, Inc. | MKTW | $47M | 7.64 | -3.69 | -2.6% | -3.48 |
| GoHealth, Inc. | GOCO | $31M | - | 0.45 | 4834.1% | -7.69 |
| Peer Median | - | 13.46 | 0.63 | 6.1% | 7.11 | |