Stock Yards Bancorp Past Earnings Performance

Past criteria checks 4/6

Stock Yards Bancorp has been growing earnings at an average annual rate of 15.3%, while the Banks industry saw earnings growing at 6.5% annually. Revenues have been growing at an average rate of 16.7% per year. Stock Yards Bancorp's return on equity is 13.5%, and it has net margins of 33.4%.

Key information

15.3%

Earnings growth rate

8.5%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	16.7%
Return on equity	13.5%
Net Margin	33.4%
Last Earnings Update	31 Dec 2024

Recent past performance updates

Recent updates

Stock Yards Bancorp: Earnings Outlook Rosy Thanks To Expected Growth Of Loans, Margin

Dec 31

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

Revenue & Expenses Breakdown

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

Earnings and Revenue History

NasdaqGS:SYBT Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 24	343	115	170
30 Sep 24	332	107	168
30 Jun 24	327	105	166
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

Quality Earnings: SYBT has high quality earnings.

Growing Profit Margin: SYBT's current net profit margins (33.4%) are higher than last year (33.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SYBT's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: SYBT's earnings growth over the past year (6.3%) is below its 5-year average (15.3% per year).

Earnings vs Industry: SYBT earnings growth over the past year (6.3%) exceeded the Banks industry -2.4%.

Return on Equity

High ROE: SYBT's Return on Equity (13.5%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/16 13:21
End of Day Share Price	2025/02/14 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

Stock Yards Bancorp, Inc. is covered by 12 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 Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Full year 2024 earnings: EPS exceeds analyst expectations

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter 2024 earnings: EPS exceeds analyst expectations

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Recent updates

Independent Director notifies of intention to sell stock

Executive VP & Chief Credit Officer exercised options and sold US$232k worth of stock

Full year 2024 earnings: EPS exceeds analyst expectations

Stock Yards Bancorp: Earnings Outlook Rosy Thanks To Expected Growth Of Loans, Margin

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