Stock Yards Bancorp, Inc. (SYBT)

Stock Yards Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	396.4	369.59	302.26	216.33	164.32	138.23
Interest Income on Investments	45.8	43.29	44.44	35.32	12.75	9.64
Total Interest Income	442.2	412.88	346.7	251.65	177.08	147.87
Interest Paid on Deposits	142.14	133.54	81.59	16.41	5.63	10.48
Interest Paid on Borrowings	21.08	22.3	17.78	1.86	0.38	1.47
Total Interest Expense	163.22	155.84	99.36	18.27	6	11.95
Net Interest Income	278.97	257.04	247.33	233.38	171.07	135.92
Net Interest Income Growth (YoY)	13.67%	3.92%	5.98%	36.42%	25.86%	8.43%
Trust Income	53.7	53.91	49.84	44.7	34.53	28.81
Mortgage Banking Activities	3.9	3.86	3.71	3.21	4.72	6.16
Gain (Loss) on Sale of Assets	-0.05	-0.1	-0.03	3.47	-0.08	0.15
Gain (Loss) on Sale of Investments	-	-	-1.34	-0.35	-0.37	-3.1
Other Non-Interest Income	29.35	28.66	29.89	28.61	20.83	12.62
Total Non-Interest Income	95.65	95.23	90.93	87.93	65.48	48.8
Non-Interest Income Growth (YoY)	2.20%	4.73%	3.41%	34.27%	34.18%	2.93%
Revenues Before Loan Losses	374.62	352.27	338.26	321.31	236.56	184.72
Provision for Loan Losses	10.08	9.73	13.8	10.26	-0.75	18.42
Revenue	364.55	342.55	324.46	311.05	237.31	166.31
Revenue Growth (YoY)	11.32%	5.57%	4.31%	31.07%	42.70%	-3.17%
Salaries and Employee Benefits	122.04	117.84	110.33	103.21	72.26	59.44
Occupancy Expenses	11.41	10.71	12.83	11.08	7.32	6.16
Federal Deposit Insurance	4.75	4.54	3.91	2.76	1.85	1.22
Amortization of Goodwill & Intangibles	4.21	4.49	4.69	5.54	0.77	0.32
Selling, General & Administrative	42.1	41.64	34.42	29.42	26.72	20.3
Other Non-Interest Expense	18.8	18.46	19.84	18.73	13.67	10.85
Total Non-Interest Expense	203.84	198.18	186.54	171.07	122.89	98.56
EBT Excluding Unusual Items	160.71	144.37	137.93	139.98	114.42	67.74
Pretax Income	160.71	144.37	137.93	120.48	95.4	67.74
Income Tax Expense	32.36	29.83	30.18	27.19	20.75	8.87
Earnings From Continuing Operations	128.35	114.54	107.75	93.29	74.65	58.87
Minority Interest in Earnings	-	-	-	-0.32	-	-
Net Income	128.35	114.54	107.75	92.97	74.65	58.87
Net Income to Common	128.35	114.54	107.75	92.97	74.65	58.87
Net Income Growth	22.80%	6.30%	15.89%	24.55%	26.80%	-10.90%
Basic Shares Outstanding	29	29	29	29	25	23
Diluted Shares Outstanding	29	29	29	29	25	23
Shares Change (YoY)	0.46%	0.27%	1.46%	14.97%	10.49%	-0.42%
EPS (Basic)	4.38	3.91	3.69	3.24	3.00	2.61
EPS (Diluted)	4.35	3.89	3.67	3.21	2.97	2.59
EPS Growth	22.18%	6.00%	14.33%	8.08%	14.67%	-10.38%
Dividend Per Share	1.240	1.220	1.180	1.140	1.100	1.080
Dividend Growth	3.33%	3.39%	3.51%	3.64%	1.85%	3.85%
Effective Tax Rate	20.14%	20.66%	21.88%	22.57%	21.75%	13.10%

Updated Jul 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q