Stock Yards Bancorp Management

Management criteria checks 4/4

Stock Yards Bancorp's CEO is Ja Hillebrand, appointed in Oct 2018, has a tenure of 6.08 years. total yearly compensation is $1.56M, comprised of 49.7% salary and 50.3% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth $9.56M. The average tenure of the management team and the board of directors is 6.1 years and 6.6 years respectively.

Key information

Ja Hillebrand

Chief executive officer

US$1.6m

Total compensation

CEO salary percentage	49.7%
CEO tenure	6.1yrs
CEO ownership	0.4%
Management average tenure	6.1yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

With EPS Growth And More, Stock Yards Bancorp (NASDAQ:SYBT) Makes An Interesting Case

Jan 04

With EPS Growth And More, Stock Yards Bancorp (NASDAQ:SYBT) Makes An Interesting Case

Sep 22

Stock Yards Bancorp (NASDAQ:SYBT) Will Pay A Larger Dividend Than Last Year At $0.30

Aug 20

Here's Why We Think Stock Yards Bancorp (NASDAQ:SYBT) Might Deserve Your Attention Today

Oct 05

Stock Yards Bancorp raises dividend by 3.6% to $0.29

Aug 17

CEO Compensation Analysis

How has Ja Hillebrand's remuneration changed compared to Stock Yards Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$107m
Jun 30 2024	n/a	n/a	US$105m
Mar 31 2024	n/a	n/a	US$105m
Dec 31 2023	US$2m	US$775k	US$108m
Sep 30 2023	n/a	n/a	US$114m
Jun 30 2023	n/a	n/a	US$115m
Mar 31 2023	n/a	n/a	US$114m
Dec 31 2022	US$2m	US$710k	US$93m
Sep 30 2022	n/a	n/a	US$88m
Jun 30 2022	n/a	n/a	US$82m
Mar 31 2022	n/a	n/a	US$60m
Dec 31 2021	US$2m	US$560k	US$75m
Sep 30 2021	n/a	n/a	US$68m
Jun 30 2021	n/a	n/a	US$59m
Mar 31 2021	n/a	n/a	US$68m
Dec 31 2020	US$1m	US$560k	US$59m
Sep 30 2020	n/a	n/a	US$58m
Jun 30 2020	n/a	n/a	US$60m
Mar 31 2020	n/a	n/a	US$64m
Dec 31 2019	US$1m	US$540k	US$66m
Sep 30 2019	n/a	n/a	US$64m
Jun 30 2019	n/a	n/a	US$61m
Mar 31 2019	n/a	n/a	US$58m
Dec 31 2018	US$1m	US$444k	US$56m
Sep 30 2018	n/a	n/a	US$46m
Jun 30 2018	n/a	n/a	US$44m
Mar 31 2018	n/a	n/a	US$41m
Dec 31 2017	US$851k	US$400k	US$38m

Compensation vs Market: Ja's total compensation ($USD1.56M) is below average for companies of similar size in the US market ($USD5.38M).

Compensation vs Earnings: Ja's compensation has been consistent with company performance over the past year.

CEO

Ja Hillebrand (56 yo)

6.1yrs

Tenure

US$1,560,517

Compensation

Mr. James A. Hillebrand, also known as Ja, has been Chairman of Stock Yards Bancorp, Inc. and Stock Yards Bank & Trust Company since January 1, 2021. Mr. Hillebrand has been Chief Executive Officer of Stoc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Hillebrand	CEO & Chairman of the Board	6.1yrs	US$1.56m	0.44% $ 9.6m
Philip Poindexter	President & Director	6.1yrs	US$933.78k	0.24% $ 5.1m
T. Stinnett	Executive VP	5.6yrs	US$772.61k	0.25% $ 5.4m
Michael Rehm	Executive VP and Chief Lending Officer of Stock Yards Bank & Trust Company	6.1yrs	US$689.77k	0.074% $ 1.6m
Michael Newton	Senior VP & Principal Accounting Officer	6yrs	no data	0.011% $ 231.7k
Stephen Brown	Market President of Cincinnati/NKY	17.4yrs	no data	no data
William Dishman	Executive VP & Chief Risk Officer of Stock Yards Bank & Trust Company	15.8yrs	US$616.21k	0.14% $ 3.1m
Michael Croce	Executive VP & Director of Retail Banking of Stock Yards Bank & Trust Company	10.4yrs	no data	0.12% $ 2.5m
Paula Moan	Market President of Indianapolis	no data	no data	no data
Shannon Budnick	Executive VP and Director of Wealth Management & Trust Group	less than a year	no data	0.028% $ 596.4k

6.1yrs

Average Tenure

57yo

Average Age

Experienced Management: SYBT's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Hillebrand	CEO & Chairman of the Board	16.3yrs	US$1.56m	0.44% $ 9.6m
Philip Poindexter	President & Director	2.8yrs	US$933.78k	0.24% $ 5.1m
Richard Lechleiter	Independent Director	17.5yrs	US$128.71k	0.016% $ 346.2k
David Heintzman	Independent Director	32.8yrs	US$208.65k	0.40% $ 8.7m
Carl Herde	Independent Director	19.8yrs	US$129.33k	0.039% $ 840.6k
Edwin Saunier	Independent Director	3.3yrs	US$117.73k	0.018% $ 394.9k
John Schutte	Independent Director	6.3yrs	US$115.53k	0.28% $ 6.0m
Stephen Priebe	Lead Independent Director	12.3yrs	US$137.73k	0.014% $ 299.6k
Shannon Arvin	Independent Director	3.3yrs	US$111.48k	0.013% $ 279.6k
Paul Bickel	Independent Director	6.9yrs	US$115.13k	0.069% $ 1.5m
Allison Donovan	Independent Director	2yrs	US$113.73k	0.00085% $ 18.3k
Laura Wells	Independent Director	2.5yrs	US$112.91k	0.062% $ 1.3m

6.6yrs

Average Tenure

61yo

Average Age

Experienced Board: SYBT's board of directors are considered experienced (6.6 years average tenure).

Stock Yards Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Director recently sold US$614k worth of stock

Independent Director exercised options and sold US$449k worth of stock

Independent Director recently sold US$660k worth of stock

Independent Director notifies of intention to sell stock

Independent Director exercised options and sold US$329k worth of stock

Independent Director exercised options and sold US$336k worth of stock

Recent updates

Stock Yards Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on December 31, 2024

Price target increased by 7.2% to US$69.80

Independent Director recently sold US$614k worth of stock

Investor sentiment improves as stock rises 20%

Independent Director exercised options and sold US$449k worth of stock

Independent Director recently sold US$660k worth of stock

Independent Director notifies of intention to sell stock

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Independent Director exercised options and sold US$329k worth of stock

Upcoming dividend of US$0.31 per share

Independent Director exercised options and sold US$336k worth of stock

Second quarter dividend increased to US$0.31

Stock Yards Bancorp, Inc. Announces Dividend, Payable on October 1, 2024

New minor risk - Insider selling

Independent Director recently sold US$374k worth of stock

Independent Director notifies of intention to sell stock

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 9.2% to US$58.75

Investor sentiment improves as stock rises 17%

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: EPS exceeds analyst expectations

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: Revenues exceed analysts expectations while EPS lags behind

Fourth quarter dividend of US$0.30 announced

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

Price target increased by 9.0% to US$56.33

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

With EPS Growth And More, Stock Yards Bancorp (NASDAQ:SYBT) Makes An Interesting Case

Senior Executive VP & Director recently sold US$202k worth of stock

CEO & Chairman of the Board recently sold US$284k worth of stock

CEO & Chairman of the Board exercised options and sold US$342k 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 US$227k worth of stock

Price target decreased by 8.1% to US$48.25

New major risk - Revenue and earnings growth

With EPS Growth And More, Stock Yards Bancorp (NASDAQ:SYBT) Makes An Interesting Case

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

Stock Yards Bancorp (NASDAQ:SYBT) Will Pay A Larger Dividend Than Last Year At $0.30

Stock Yards Bancorp, Inc. Announces Management Changes

Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations

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

Price target decreased by 7.6% to US$55.10

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

Investor sentiment improves as stock rises 17%

Stock Yards Bancorp's (NASDAQ:SYBT) Dividend Will Be $0.29

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

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 8.6% to US$61.40

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

Now 21% undervalued after recent price drop

Full year 2022 earnings: EPS exceeds analyst expectations

Price target decreased by 7.2% to US$69.40

Now 20% undervalued after recent price drop

Independent Director recently bought US$65k worth of stock

Stock Yards Bancorp's (NASDAQ:SYBT) Dividend Will Be $0.29

Upcoming dividend of US$0.29 per share

Stock Yards Bancorp (NASDAQ:SYBT) Will Pay A Dividend Of $0.29

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

Price target increased to US$75.20

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

Director exercised options and sold US$1.2m worth of stock

Independent Director recently sold US$78k worth of stock

Price target increased to US$75.20