Stock Yards Bancorp, Inc. SYBT
Stock Yards Bancorp, Inc. ("Bancorp" or "the Company"), is a FHC headquartered in Louisville, Kentucky and is engaged in the business of banking through its wholly owned subsidiary, Stock Yards Bank & Trust Company ("SYB" or "the Bank"). Bancorp, which was incorporated in 1988 in Kentucky, is registered with, and subject to supervision, regulation and examination by, the Board of Governors of the Federal Reserve System. As Bancorp has no significant operations of its own, its business and the business of SYB are essentially the same. The operations of SYB are fully reflected in the consolidated financial statements of Bancorp. Accordingly, references to "Bancorp" in this document may encompass both the holding company and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $467.6M | $412.9M | $346.7M | $251.7M | $177.1M | $147.9M | $147.9M | $21.5M | $20.5M | $23.8M |
| Interest expense | $300.3M | $257.0M | $247.3M | $233.4M | $6.0M | $11.9M | $22.5M | $15.4M | $7.2M | $4.9M |
| Pre-tax income | $178.2M | $144.4M | $137.9M | $120.5M | $95.4M | $67.7M | $75.7M | $67.5M | $55.2M | $56.3M |
| Income tax | $38.0M | $29.8M | $30.2M | $27.2M | $20.8M | $8.9M | $9.6M | $12.0M | $17.1M | $15.2M |
| Net income | $140.2M | $114.5M | $107.7M | $93.3M | $74.6M | $58.9M | — | — | — | — |
| EPS, basic | 4.77 | 3.91 | 3.69 | 3.24 | 3.00 | 2.61 | 2.92 | 2.45 | 1.69 | 1.84 |
| EPS, diluted | 4.75 | 3.89 | 3.67 | 3.21 | 2.97 | 2.59 | 2.89 | 2.42 | 1.66 | 1.80 |
| Shares, diluted (wtd. avg.) | $29.5M | $29.4M | $29.3M | $28.9M | $25.2M | $22.8M | $22.9M | $22.9M | $23.0M | $22.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $70.1M | $78.9M | $94.5M | $82.5M | $62.3M | $43.2M | $46.9M | $198.9M | $139.2M | $48.0M |
| Property, plant and equipment | $118.7M | $112.7M | $101.2M | $101.6M | $76.9M | $58.0M | $58.6M | $44.8M | $41.7M | $42.4M |
| Goodwill | $194.1M | $194.1M | $194.1M | $194.1M | $135.8M | $12.5M | $12.5M | $682.0K | $682.0K | $682.0K |
| Other intangibles | — | — | — | — | $5.6M | $2.0M | $2.3M | $1.1M | — | — |
| Total assets | $9.54B | $8.86B | $8.17B | $7.50B | $6.65B | $4.61B | $3.72B | $3.30B | $3.24B | $3.04B |
| Long-term debt | $26.8M | $26.8M | $26.7M | $26.3M | — | — | — | — | — | — |
| Total liabilities | $8.46B | $7.92B | $7.31B | $6.74B | $5.97B | $4.17B | $3.32B | $2.94B | $2.91B | $2.73B |
| Retained earnings | $675.1M | $577.6M | $506.3M | $439.9M | $391.2M | $353.6M | $333.7M | $298.2M | $267.2M | $252.4M |
| Total equity | $1.08B | $940.5M | $858.1M | $760.4M | $675.9M | $440.7M | $406.3M | $366.5M | $333.6M | $313.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $166.0M | $142.9M | $106.7M | $108.7M | $102.1M | $77.1M | $58.4M | $65.9M | $53.7M | $63.3M |
| Depreciation and amortisation | $7.8M | $13.4M | $21.9M | $20.7M | $11.3M | $9.7M | $4.9M | $5.8M | $13.6M | $11.1M |
| Stock-based compensation | $4.4M | $3.8M | $4.5M | $4.4M | $4.6M | $3.3M | $3.6M | $4.0M | $2.9M | $2.5M |
| Capital expenditure | $12.0M | $9.8M | $7.7M | $18.4M | $4.6M | $5.5M | $5.1M | $7.1M | $2.8M | $6.3M |
| Investing cash flow | -$106.5M | -$677.1M | -$424.0M | -$384.4M | -$78.9M | -$804.7M | -$163.2M | -$11.6M | -$114.7M | -$289.6M |
| Financing cash flow | $535.8M | $559.2M | $415.9M | -$518.1M | $620.0M | $795.8M | $155.5M | $5.4M | $152.3M | $170.4M |
| Dividends paid | $37.1M | $35.8M | $34.6M | $33.3M | $28.2M | $24.5M | $23.5M | $21.8M | $18.1M | $16.1M |
| Buybacks | $2.1M | $4.2M | $2.7M | $4.8M | $3.8M | $2.3M | $11.8M | $2.0M | $2.4M | $1.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-005830.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |