Stock Yards Bancorp Past Earnings Performance

Past criteria checks 2/6

Stock Yards Bancorp has been growing earnings at an average annual rate of 15.2%, while the Banks industry saw earnings growing at 14.3% annually. Revenues have been growing at an average rate of 18.2% per year. Stock Yards Bancorp's return on equity is 12%, and it has net margins of 32.3%.

Key information

15.2%

Earnings growth rate

8.0%

EPS growth rate

Banks Industry Growth	10.6%
Revenue growth rate	18.2%
Return on equity	12.0%
Net Margin	32.3%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Stock Yards Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:S4Y Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	324	105	162
31 Dec 23	324	108	158
30 Sep 23	328	114	153
30 Jun 23	330	115	152
31 Mar 23	328	114	151
31 Dec 22	311	93	144
30 Sep 22	293	88	136
30 Jun 22	275	82	128
31 Mar 22	249	60	116
31 Dec 21	237	75	107
30 Sep 21	217	68	100
30 Jun 21	194	59	93
31 Mar 21	180	68	87
31 Dec 20	166	59	86
30 Sep 20	163	58	86
30 Jun 20	166	60	84
31 Mar 20	170	64	85
31 Dec 19	172	66	84
30 Sep 19	168	64	84
30 Jun 19	162	61	83
31 Mar 19	158	58	81
31 Dec 18	156	56	77
30 Sep 18	148	46	77
30 Jun 18	145	44	76
31 Mar 18	141	41	75
31 Dec 17	138	38	75
30 Sep 17	140	44	78
30 Jun 17	138	42	76
31 Mar 17	136	42	73
31 Dec 16	133	41	69
30 Sep 16	131	40	61
30 Jun 16	129	39	60
31 Mar 16	128	38	59
31 Dec 15	127	37	64
30 Sep 15	125	36	58
30 Jun 15	126	37	59
31 Mar 15	124	36	58
31 Dec 14	122	35	58
30 Sep 14	120	32	58
30 Jun 14	115	30	57
31 Mar 14	113	29	56
31 Dec 13	109	27	54
30 Sep 13	107	27	53

Quality Earnings: S4Y has high quality earnings.

Growing Profit Margin: S4Y's current net profit margins (32.3%) are lower than last year (34.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: S4Y's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: S4Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: S4Y had negative earnings growth (-8.3%) over the past year, making it difficult to compare to the Banks industry average (24%).

Stock Yards Bancorp Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0.89 (vs US$1.00 in 1Q 2023)

Full year 2023 earnings released: EPS: US$3.69 (vs US$3.24 in FY 2022)

Full year 2023 earnings released: EPS: US$3.69 (vs US$3.24 in FY 2022)

Stock Yards Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Third quarter 2023 earnings released: EPS: US$0.93 (vs US$0.98 in 3Q 2022)

Second quarter 2023 earnings released: EPS: US$0.95 (vs US$0.92 in 2Q 2022)

Recent updates

Stock Yards Bancorp, Inc.(NasdaqGS:SYBT) dropped from Russell 2000 Growth-Defensive Index

Upcoming dividend of US$0.30 per share

First quarter dividend of US$0.30 announced

Stock Yards Bancorp Declares Quarterly Cash Dividend, Payable on July 1, 2024

First quarter 2024 earnings released: EPS: US$0.89 (vs US$1.00 in 1Q 2023)

High number of new directors

Stock Yards Bancorp, Inc., Annual General Meeting, Apr 25, 2024

Upcoming dividend of US$0.30 per share

Full year 2023 earnings released: EPS: US$3.69 (vs US$3.24 in FY 2022)

Fourth quarter dividend of US$0.30 announced

Stock Yards Bancorp Declares Quarterly Cash Dividend, Payable on April 1, 2024

Full year 2023 earnings released: EPS: US$3.69 (vs US$3.24 in FY 2022)

Stock Yards Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

CEO & Chairman of the Board recently sold €261k worth of stock

Upcoming dividend of US$0.30 per share at 2.5% yield

Stock Yards Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on December 29, 2023

Senior Executive VP & Director recently sold €209k worth of stock

Third quarter 2023 earnings released: EPS: US$0.93 (vs US$0.98 in 3Q 2022)

Upcoming dividend of US$0.30 per share at 2.7% yield

Stock Yards Bancorp, Inc. Announces Management Changes

Second quarter 2023 earnings released: EPS: US$0.95 (vs US$0.92 in 2Q 2022)

Stock Yards Bancorp, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Upcoming dividend of US$0.29 per share at 2.4% yield

Investor sentiment improves as stock rises 16%

Stock Yards Bancorp Declares Quarterly Cash Dividend, Payable on July 3, 2023

First quarter 2023 earnings released: EPS: US$1.00 (vs US$0.29 in 1Q 2022)

Upcoming dividend of US$0.29 per share at 2.2% yield

Full year 2022 earnings released: EPS: US$3.24 (vs US$3.00 in FY 2021)

Full year 2022 earnings released: EPS: US$3.24 (vs US$3.00 in FY 2021)

Now 23% undervalued after recent price drop

Upcoming dividend of US$0.29 per share

Independent Director recently bought €61k worth of stock

Stock Yards Bancorp Declares Quarterly Cash Dividend, Payable on December 30, 2022

Director recently sold €128k worth of stock

Stock Yards Bancorp Names Allison J. Donovan to the Boards of Directors of the Company and Stock Yards Bank & Trust

Now 21% undervalued

Independent Director recently sold €78k worth of stock

Third quarter 2022 earnings released: EPS: US$0.98 (vs US$0.88 in 3Q 2021)

Upcoming dividend of US$0.29 per share

Stock Yards Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on October 3, 2022

Director recently sold €67k worth of stock

Director recently sold €366k worth of stock

Second quarter 2022 earnings released: EPS: US$0.92 (vs US$0.17 in 2Q 2021)

President & Director recently sold €180k worth of stock

Stock Yards Bancorp, Inc.(NasdaqGS:SYBT) dropped from Russell 3000E Index

Upcoming dividend of US$0.28 per share

Director recently sold €280k worth of stock

Director recently sold €388k worth of stock

Stock Yards Bancorp, Inc. Elects Laura L. Wells to the Boards of Directors

Stock Yards Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on July 1, 2022

First quarter 2022 earnings released: EPS: US$0.29 (vs US$1.00 in 1Q 2021)

Upcoming dividend of US$0.28 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Stock Yards Bancorp, Inc., Annual General Meeting, Apr 28, 2022

Stock Yards Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on April 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Senior EVP & Director recently sold €92k worth of stock

Director recently sold €569k worth of stock

Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.64 in 3Q 2020)

Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.64 in 3Q 2020)

Director recently sold €231k worth of stock

President recently sold €165k worth of stock

Stock Yards Bancorp, Inc. (NasdaqGS:SYBT) signed an agreement to acquire Commonwealth Bancshares, Inc. for approximately $150 million.

Second quarter 2021 earnings released: EPS US$0.17 (vs US$0.59 in 2Q 2020)

Stock Yards Bancorp, Inc. (NasdaqGS:SYBT) completed the acquisition of Kentucky Bancshares, Inc. (OTCPK:KTYB).

Stock Yards Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on July 1, 2021

First quarter 2021 earnings released: EPS US$1.00 (vs US$0.59 in 1Q 2020)

Stock Yards Bancorp, Inc. Records Net Loan Charge-Offs for the First Quarter of 2021

CEO & Chairman of the Board recently sold €225k worth of stock