Stock Yards Bancorp, Inc. (SYBT)

Stock Yards Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	354.45	302.26	216.33	164.32	138.23	134.65
Interest Income on Investments	43.36	44.44	35.32	12.75	9.64	13.24
Total Interest Income	397.81	346.7	251.65	177.08	147.87	147.89
Interest Paid on Deposits	127.13	81.59	16.41	5.63	10.48	20.56
Interest Paid on Borrowings	21.59	17.78	1.86	0.38	1.47	1.98
Total Interest Expense	148.73	99.36	18.27	6	11.95	22.54
Net Interest Income	249.09	247.33	233.38	171.07	135.92	125.35
Net Interest Income Growth (YoY)	-0.60%	5.98%	36.42%	25.86%	8.43%	9.40%
Trust Income	53.52	49.84	44.7	34.53	28.81	27.64
Mortgage Banking Activities	3.9	3.71	3.21	4.72	6.16	2.93
Gain (Loss) on Sale of Assets	-0.14	-0.03	3.47	-0.08	0.15	-
Gain (Loss) on Sale of Investments	-0.37	-1.34	-0.35	-0.37	-3.1	-0.87
Other Non-Interest Income	30.04	29.89	28.61	20.83	12.62	12.52
Total Non-Interest Income	95.82	90.93	87.93	65.48	48.8	47.41
Non-Interest Income Growth (YoY)	7.64%	3.41%	34.27%	34.18%	2.93%	8.17%
Revenues Before Loan Losses	344.9	338.26	321.31	236.56	184.72	172.76
Provision for Loan Losses	13.1	13.8	10.26	-0.75	18.42	1
Revenue	331.81	324.46	311.05	237.31	166.31	171.76
Revenue Growth (YoY)	1.02%	4.31%	31.07%	42.69%	-3.18%	10.32%
Salaries and Employee Benefits	114.69	106.38	99.15	72.26	59.44	57.32
Occupancy Expenses	12.12	12.83	11.08	7.32	6.16	6.19
Federal Deposit Insurance	4.43	3.91	2.76	1.85	1.22	0.25
Amortization of Goodwill & Intangibles	4.32	4.69	5.54	0.77	0.32	-
Selling, General & Administrative	41.05	38.37	33.48	26.72	20.3	19.95
Other Non-Interest Expense	19.1	19.84	18.73	13.67	10.85	11.34
Total Non-Interest Expense	196.21	186.54	171.07	122.89	98.56	95.38
EBT Excluding Unusual Items	135.6	137.93	139.98	114.42	67.74	76.38
Asset Writedown	-	-	-	-	-	-0.35
Other Unusual Items	-	-	-	-	-	0.37
Pretax Income	135.6	137.93	120.48	95.4	67.74	75.66
Income Tax Expense	28.81	30.18	27.19	20.75	8.87	9.59
Earnings From Continuing Operations	106.79	107.75	93.29	74.65	58.87	66.07
Minority Interest in Earnings	-	-	-0.32	-	-	-
Net Income	106.79	107.75	92.97	74.65	58.87	66.07
Net Income to Common	106.79	107.75	92.97	74.65	58.87	66.07
Net Income Growth	-6.01%	15.89%	24.55%	26.80%	-10.90%	19.00%
Basic Shares Outstanding	29	29	29	25	23	23
Diluted Shares Outstanding	29	29	29	25	23	23
Shares Change (YoY)	0.04%	1.46%	14.97%	10.49%	-0.42%	-0.34%
EPS (Basic)	3.65	3.69	3.24	3.00	2.61	2.92
EPS (Diluted)	3.63	3.67	3.21	2.97	2.59	2.89
EPS Growth	-6.08%	14.33%	8.08%	14.67%	-10.38%	19.42%
Dividend Per Share	1.210	1.180	1.140	1.100	1.080	1.040
Dividend Growth	3.42%	3.51%	3.64%	1.85%	3.85%	8.33%
Effective Tax Rate	21.24%	21.88%	22.57%	21.75%	13.10%	12.68%

Source: S&P Capital IQ. Banks template. Financial Sources.