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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	383.4	369.59	302.26	216.33	164.32	138.23
Interest Income on Investments	44.1	43.29	44.44	35.32	12.75	9.64
Total Interest Income	427.5	412.88	346.7	251.65	177.08	147.87
Interest Paid on Deposits	136.26	133.54	81.59	16.41	5.63	10.48
Interest Paid on Borrowings	23.72	22.3	17.78	1.86	0.38	1.47
Total Interest Expense	159.98	155.84	99.36	18.27	6	11.95
Net Interest Income	267.52	257.04	247.33	233.38	171.07	135.92
Net Interest Income Growth (YoY)	9.49%	3.92%	5.98%	36.42%	25.86%	8.43%
Trust Income	53.83	53.91	49.84	44.7	34.53	28.81
Mortgage Banking Activities	3.83	3.86	3.71	3.21	4.72	6.16
Gain (Loss) on Sale of Assets	-0.1	-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	28.55	28.66	29.89	28.61	20.83	12.62
Total Non-Interest Income	94.96	95.23	90.93	87.93	65.48	48.8
Non-Interest Income Growth (YoY)	2.68%	4.73%	3.41%	34.27%	34.18%	2.93%
Revenues Before Loan Losses	362.48	352.27	338.26	321.31	236.56	184.72
Provision for Loan Losses	9.2	9.73	13.8	10.26	-0.75	18.42
Revenue	353.28	342.55	324.46	311.05	237.31	166.31
Revenue Growth (YoY)	8.97%	5.57%	4.31%	31.07%	42.70%	-3.17%
Salaries and Employee Benefits	119.46	117.84	110.33	103.21	72.26	59.44
Occupancy Expenses	11.16	10.71	12.83	11.08	7.32	6.16
Federal Deposit Insurance	4.65	4.54	3.91	2.76	1.85	1.22
Amortization of Goodwill & Intangibles	4.35	4.49	4.69	5.54	0.77	0.32
Selling, General & Administrative	41.68	41.64	34.42	29.42	26.72	20.3
Other Non-Interest Expense	18.45	18.46	19.84	18.73	13.67	10.85
Total Non-Interest Expense	200.25	198.18	186.54	171.07	122.89	98.56
EBT Excluding Unusual Items	153.03	144.37	137.93	139.98	114.42	67.74
Pretax Income	153.03	144.37	137.93	120.48	95.4	67.74
Income Tax Expense	31.11	29.83	30.18	27.19	20.75	8.87
Earnings From Continuing Operations	121.92	114.54	107.75	93.29	74.65	58.87
Minority Interest in Earnings	-	-	-	-0.32	-	-
Net Income	121.92	114.54	107.75	92.97	74.65	58.87
Net Income to Common	121.92	114.54	107.75	92.97	74.65	58.87
Net Income Growth	16.58%	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)	0.39%	0.27%	1.46%	14.97%	10.49%	-0.42%
EPS (Basic)	4.16	3.91	3.69	3.24	3.00	2.61
EPS (Diluted)	4.14	3.89	3.67	3.21	2.97	2.59
EPS Growth	16.29%	6.00%	14.33%	8.08%	14.67%	-10.38%
Dividend Per Share	1.230	1.220	1.180	1.140	1.100	1.080
Dividend Growth	3.36%	3.39%	3.51%	3.64%	1.85%	3.85%
Effective Tax Rate	20.33%	20.66%	21.88%	22.57%	21.75%	13.10%

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

SEC Filings: 10-K · 10-Q