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 6.17 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 $9.49M. The average tenure of the management team and the board of directors is 6.2 years and 6.7 years respectively.

Key information

Ja Hillebrand

Chief executive officer

US$1.6m

Total compensation

CEO salary percentage	49.7%
CEO tenure	6.2yrs
CEO ownership	0.4%
Management average tenure	6.2yrs
Board average tenure	6.7yrs

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 ($USD1.56M) is below average for companies of similar size in the US market ($USD5.51M).

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

CEO

Ja Hillebrand (56 yo)

6.2yrs

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	6.2yrs	US$1.56m	0.44% $ 9.5m
Philip Poindexter	President & Director	6.2yrs	US$933.78k	0.22% $ 4.8m
T. Stinnett	Executive VP	5.7yrs	US$772.61k	0.25% $ 5.4m
Michael Rehm	Executive VP and Chief Lending Officer of Stock Yards Bank & Trust Company	6.2yrs	US$689.77k	0.065% $ 1.4m
Michael Newton	Senior VP & Principal Accounting Officer	6.1yrs	no data	0.011% $ 228.6k
Stephen Brown	Market President of Cincinnati/NKY	17.5yrs	no data	no data
William Dishman	Executive VP & Chief Credit Officer	no data	US$616.21k	0.14% $ 3.1m
Michael Croce	Executive VP & Director of Retail Banking of Stock Yards Bank & Trust Company	10.5yrs	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% $ 591.8k
Louis Prichard	Market President of Central Kentucky	no data	no data	no data

6.2yrs

Average Tenure

58yo

Average Age

Experienced Management: SYBT's management team is seasoned and experienced (6.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Hillebrand	CEO & Chairman of the Board	16.4yrs	US$1.56m	0.44% $ 9.5m
Philip Poindexter	President & Director	2.9yrs	US$933.78k	0.22% $ 4.8m
Richard Lechleiter	Independent Director	17.6yrs	US$128.71k	0.016% $ 343.5k
David Heintzman	Independent Director	32.9yrs	US$208.65k	0.37% $ 7.9m
Carl Herde	Independent Director	19.9yrs	US$129.33k	0.038% $ 804.7k
Edwin Saunier	Independent Director	3.4yrs	US$117.73k	0.018% $ 391.8k
John Schutte	Independent Director	6.4yrs	US$115.53k	0.28% $ 5.9m
Stephen Priebe	Lead Independent Director	12.3yrs	US$137.73k	0.014% $ 297.3k
Shannon Arvin	Independent Director	3.4yrs	US$111.48k	0.013% $ 277.4k
Paul Bickel	Independent Director	7yrs	US$115.13k	0.069% $ 1.5m
Allison Donovan	Independent Director	2.1yrs	US$113.73k	0.00085% $ 18.2k
Laura Wells	Independent Director	2.6yrs	US$112.91k	0.062% $ 1.3m

6.7yrs

Average Tenure

61yo

Average Age

Experienced Board: SYBT's board of directors are considered experienced (6.7 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 06:00
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Stock Yards Bancorp, Inc. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bryce Rowe	Baird
Stephen Geyen	D.A. Davidson & Co.
Andrew Stapp	Hilliard Lyons

Stock Yards Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Director notifies of intention to sell stock

Independent Director exercised options and sold US$526k worth of stock

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

Recent updates

Independent Director notifies of intention to sell stock

Price target increased by 11% to US$78.80

Upcoming dividend of US$0.31 per share

Price target increased by 8.5% to US$74.40

Independent Director exercised options and sold US$526k worth of stock

Third quarter dividend of US$0.31 announced

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