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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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 312.28 | 333.10 | 345.11 | 389.58 |
| Operating Revenue | - | 312.28 | 333.10 | 345.11 | 389.58 |
| Selling General And Administration | - | 110.97 | 120.23 | 132.57 | 144.15 |
| Interest Income | - | 251.65 | 346.70 | 412.88 | 467.59 |
| Interest Expense | - | 18.27 | 99.36 | 155.84 | 167.28 |
| Net Interest Income | - | 233.38 | 247.33 | 257.04 | 300.31 |
| Pretax Income | - | 120.48 | 137.93 | 144.37 | 178.20 |
| Tax Provision | - | 27.19 | 30.18 | 29.83 | 38.05 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.62 | -0.01 | -0.02 | 0.02 |
| Net Income Continuous Operations | - | 93.29 | 107.75 | 114.54 | 140.15 |
| Net Income From Continuing And Discontinued Operation | - | 92.97 | 107.75 | 114.54 | 140.15 |
| Net Income From Continuing Operation Net Minority Interest | - | 92.97 | 107.75 | 114.54 | 140.15 |
| Net Income | - | 92.97 | 107.75 | 114.54 | 140.15 |
| Net Income Common Stockholders | - | 92.97 | 107.75 | 114.54 | 140.15 |
| Net Income Including Noncontrolling Interests | - | 93.29 | 107.75 | 114.54 | 140.15 |
| Normalized Income | - | 105.38 | 107.77 | 114.62 | 140.09 |
| Diluted NI Availto Com Stockholders | - | 92.97 | 107.75 | 114.54 | 140.15 |
| Basic Average Shares | - | 28.67 | 29.21 | 29.29 | 29.36 |
| Diluted Average Shares | - | 28.92 | 29.21 | 29.42 | 29.51 |
| Reconciled Depreciation | - | 20.66 | 21.94 | 13.35 | 7.80 |
| Total Unusual Items | - | -16.03 | -0.03 | -0.10 | 0.07 |
| Total Unusual Items Excluding Goodwill | - | -16.03 | -0.03 | -0.10 | 0.07 |
| Minority Interests | 0 | -0.32 | 0 | 0 | - |
| Special Income Charges | - | -16.03 | -0.03 | -0.10 | 0.07 |
| Gain On Sale Of Business | 0 | -0.87 | 0 | 0 | - |
| Other Special Charges | - | -4.34 | 0.03 | 0.10 | -0.07 |
| Restructuring And Mergern Acquisition | 19.02 | 19.50 | 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 |
| General And Administrative Expense | - | 105.97 | 114.24 | 125.65 | 136.62 |
| Other Gand A | 13.36 | - | - | - | - |
| Salaries And Wages | - | 103.21 | 110.33 | 121.11 | 131.82 |
| Insurance And Claims | - | 2.76 | 3.91 | 4.54 | 4.80 |
| Selling And Marketing Expense | - | 5 | 5.99 | 6.92 | 7.53 |
| Amortization | - | 5.54 | 4.69 | 4.49 | 3.66 |
| Amortization Of Intangibles Income Statement | - | 5.54 | 4.69 | 4.49 | 3.66 |
| Occupancy And Equipment | - | 14.30 | 16.38 | 15.19 | 16.53 |
| Professional Expense And Contract Services Expense | - | 2.94 | 3.96 | 4.11 | 4.22 |
| Other Non Interest Expense | - | 31.40 | 34.80 | 34.56 | 36.20 |
| Securities Amortization | - | 0.35 | 1.29 | 0 | 0 |
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 | $2.1B | 15.11↑ premium | 1.97 | 13.0% | - |
| The Bank of N.T. Butterfield & Son Limited | NTB | $2.3B | 9.83 | 2.00 | 20.3% | - |
| Enterprise Financial Services Corp | EFSC | $2.2B | 11.09 | 1.14 | 10.2% | - |
| Columbia Financial, Inc. | CLBK | $2.1B | 40.70 | 1.82 | 4.5% | - |
| Banco Latinoamericano de Comercio Exterior, S. A. |
| - |
| - |
| - |
| - |
| - |
| - |
| BLX |
| $2.1B |
| 9.17 |
| 1.24 |
| 13.5% |
| - |
| Northwest Bancshares, Inc. | NWBI | $2.1B | 16.45 | 1.10 | 6.7% | - |
| LendingClub Corporation | LC | $2.0B | 14.94 | 1.35 | 9.0% | - |
| EZCORP, Inc. | EZPW | $2.0B | 18.05 | 1.93 | 10.7% | 11.23 |
| Federal Agricultural Mortgage Corporation | AGM | $2.0B | 9.53 | 1.63 | 17.1% | - |
| Peer Median | - | 13.01 | 1.49 | 10.5% | 11.23 | |