Stock Yards Bancorp, Inc. - Understand $sybt stock

$SYBT Market Cap: $2.312 Billion

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Financial Snapshot

Revenue

$302.6M

TTM

Gross Margin

Net Earnings

$106.8M

TTM

Current Assets

Current Liabilities

$189.3M

Q3 2024

Current Ratio

Total Assets

$8.437B

Q3 2024

Total Liabilities

$7.503B

Q3 2024

Book Value

$934.1M

Q3 2024

Cash

$253.1M

Q3 2024

P/E

21.65

Nov 29, 2024 EST

Free Cash Flow

$145.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Revenue	$346.7M	$251.7M	$177.1M	$147.9M	$147.9M	$129.9M	$110.9M	$102.2M	$93.17M	$89.09M	$86.46M	$86.90M	$86.04M	$86.15M	$83.86M
YoY Change	37.77%	42.12%	19.75%	-0.01%	13.82%	17.16%	8.5%	9.7%	4.58%	3.03%	-0.5%	1.0%	-0.12%	2.73%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$346.7M	$251.7M	$177.1M	$147.9M	$147.9M	$129.9M	$110.9M	$102.2M	$93.17M	$89.09M	$86.46M	$86.90M	$86.04M	$86.15M	$83.86M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$17.32M	$14.90M	$11.15M	$8.732M	$7.318M	$6.569M	$7.957M	$7.040M	$6.891M	$6.393M	$6.319M	$5.278M	$5.014M	$4.834M	$4.479M
YoY Change	16.25%	33.67%	27.63%	19.32%	11.4%	-17.44%	13.03%	2.16%	7.79%	1.17%	19.72%	5.27%	3.72%	7.93%
% of Gross Profit
Depreciation & Amortization	$7.700M	$6.500M	$4.800M	$4.400M	$4.200M	$3.700M	$3.500M	$3.200M	$3.000M	$2.900M	$3.042M	$3.147M	$2.914M	$2.545M	$2.600M	$2.500M	$2.500M	$3.000M	$3.300M	$3.200M	$2.900M	$2.200M	$1.800M	$1.800M	$1.500M	$1.700M	$1.400M	$1.100M	$800.0K	$700.0K	$700.0K	$500.0K	$400.0K
YoY Change	18.46%	35.42%	9.09%	4.76%	13.51%	5.71%	9.38%	6.67%	3.45%	-4.67%	-3.34%	8.0%	14.5%	-2.12%	4.0%	0.0%	-16.67%	-9.09%	3.13%	10.34%	31.82%	22.22%	0.0%	20.0%	-11.76%	21.43%	27.27%	37.5%	14.29%	0.0%	40.0%	25.0%	-20.0%
% of Gross Profit
Operating Expenses	$17.32M	$14.90M	$11.15M	$8.732M	$7.318M	$6.569M	$7.957M	$7.040M	$6.891M	$6.393M	$6.319M	$5.278M	$5.014M	$4.834M	$4.479M
YoY Change	16.25%	33.67%	27.63%	19.32%	11.4%	-17.44%	13.03%	2.16%	7.79%	1.17%	19.72%	5.27%	3.72%	7.93%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$99.36M	$18.27M	$6.002M	$11.95M	$22.54M	$15.36M	$7.246M	$4.918M	$4.852M	$5.330M	$9.166M	$12.95M	$15.31M	$19.27M	$25.18M
YoY Change	443.89%	204.38%	-49.77%	-46.99%	46.8%	111.94%	47.34%	1.36%	-8.97%	-41.85%	-29.23%	-15.39%	-20.55%	-23.49%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Pretax Income	$137.9M	$120.5M	$95.40M	$67.74M	$75.66M	$67.55M	$55.18M	$56.27M	$54.12M	$50.10M	$38.40M	$35.44M	$31.80M	$32.02M	$23.24M	$31.70M	$34.00M	$33.90M	$31.70M	$27.80M	$26.10M	$23.10M	$19.70M	$17.00M	$14.30M	$12.00M	$9.400M	$7.600M	$6.000M	$4.500M	$3.500M	$2.800M	$2.500M
YoY Change	14.48%	26.3%	40.82%	-10.46%	12.01%	22.41%	-1.94%	3.97%	8.02%	30.48%	8.36%	11.45%	-0.7%	37.77%	-26.68%	-6.76%	0.29%	6.94%	14.03%	6.51%	12.99%	17.26%	15.88%	18.88%	19.17%	27.66%	23.68%	26.67%	33.33%	28.57%	25.0%	12.0%	-82.76%
Income Tax	$30.18M	$27.19M	$20.75M	$8.874M	$9.593M	$12.03M	$17.14M	$15.24M	$16.93M	$15.28M	$11.23M	$9.634M	$8.191M	$9.065M	$6.933M	$10.10M	$9.900M	$11.00M	$10.10M	$8.900M	$8.400M	$7.500M	$6.100M	$5.400M	$4.600M	$3.800M	$2.900M	$2.400M	$1.900M	$1.400M	$1.000M	$800.0K	$600.0K
% Of Pretax Income	21.88%	22.57%	21.75%	13.1%	12.68%	17.81%	31.06%	27.09%	31.29%	30.5%	29.24%	27.19%	25.76%	28.31%	29.83%	31.86%	29.12%	32.45%	31.86%	32.01%	32.18%	32.47%	30.96%	31.76%	32.17%	31.67%	30.85%	31.58%	31.67%	31.11%	28.57%	28.57%	24.0%
Net Earnings	$107.7M	$93.29M	$74.60M	$58.90M	$66.10M	$55.50M	$38.00M	$41.00M	$37.20M	$34.80M	$27.20M	$25.80M	$23.60M	$23.00M	$16.30M	$21.70M	$24.10M	$22.90M	$21.60M	$18.90M	$17.70M	$15.70M	$13.50M	$11.60M	$9.700M	$8.200M	$6.500M	$5.200M	$4.100M	$3.100M	$2.500M	$2.000M	$1.900M
YoY Change	15.49%	25.06%	26.66%	-10.89%	19.1%	46.05%	-7.32%	10.22%	6.9%	27.94%	5.43%	9.32%	2.61%	41.1%	-24.88%	-9.96%	5.24%	6.02%	14.29%	6.78%	12.74%	16.3%	16.38%	19.59%	18.29%	26.15%	25.0%	26.83%	32.26%	24.0%	25.0%	5.26%	-86.62%
Net Earnings / Revenue	31.08%	37.07%	42.13%	39.83%	44.69%	42.71%	34.27%	40.11%	39.93%	39.06%	31.46%	29.69%	27.43%	26.7%	19.44%
Basic Earnings Per Share	$3.69	$3.24	$3.00	$2.61	$2.92	$2.45	$1.69	$1.84	$1.68	$1.59	$1.91	$1.86	$1.71	$1.68	$1.20
Diluted Earnings Per Share	$3.67	$3.21	$2.97	$2.59	$2.89	$2.42	$1.66	$1.80	$1.65	$1.57	$1.89	$1.85	$1.71	$1.67	$1.19	$1.064M	$1.116M	$1.036M	$973.0K	$847.5K	$804.5K	$713.6K	$622.1K	$539.5K	$449.1K	$381.4K	$303.7K	$245.3K	$196.2K	$149.8K	$121.4K	$97.56K	$93.60K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$101.2M	$101.6M	$76.90M	$58.00M	$58.60M	$44.80M	$41.70M	$42.40M	$39.60M	$39.10M	$39.80M	$36.50M	$36.60M	$31.70M	$28.00M	$27.90M	$27.20M	$24.80M	$25.20M	$26.30M	$24.80M	$22.00M	$19.40M	$17.50M	$16.40M	$15.60M	$13.90M	$10.10M	$6.800M	$4.900M	$3.700M	$3.000M	$2.400M
YoY Change	-0.43%	32.14%	32.59%	-1.02%	30.8%	7.43%	-1.65%	7.07%	1.28%	-1.76%	9.04%	-0.27%	15.46%	13.21%	0.36%	2.57%	9.68%	-1.59%	-4.18%	6.05%	12.73%	13.4%	10.86%	6.71%	5.13%	12.23%	37.62%	48.53%	38.78%	32.43%	23.33%	25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$49.74M	$56.79M	$24.30M	$22.30M	$14.50M	$10.20M	$9.200M	$12.90M	$12.40M		$14.60M	$12.50M	$9.600M	$8.800M	$7.700M	$5.700M			$4.500M	$3.500M	$2.800M
YoY Change	-12.42%	133.7%	8.97%	53.79%	42.16%	10.87%	-28.68%	4.03%			16.8%	30.21%	9.09%	14.29%	35.09%				28.57%	25.0%
Total Long-Term Assets
YoY Change
Total Assets	$8.170B	$7.496B	$6.646B	$4.609B	$3.724B	$3.303B	$3.240B	$3.040B	$2.817B	$2.564B	$2.389B	$2.148B	$2.053B	$1.903B	$1.792B	$1.629B	$1.482B	$1.426B	$1.330B	$1.212B	$1.119B	$1.040B	$937.3M	$852.3M	$689.8M	$609.8M	$478.6M	$415.4M	$324.4M	$273.8M	$247.8M	$237.4M	$221.8M
YoY Change
Accounts Payable	$2.094M	$660.0K	$300.0K	$400.0K	$600.0K	$800.0K	$200.0K	$100.0K	$100.0K	$100.0K	$100.0K	$200.0K	$200.0K	$300.0K	$400.0K	$700.0K	$1.100M	$800.0K	$30.50M	$20.00M	$22.10M	$17.00M	$10.90M	$10.10M	$10.10M	$6.700M	$3.800M	$3.400M	$2.400M	$1.800M	$1.400M	$1.400M	$1.000M
YoY Change	217.27%	120.0%	-25.0%	-33.33%	-25.0%	300.0%	100.0%	0.0%	0.0%	0.0%	-50.0%	0.0%	-33.33%	-25.0%	-42.86%	-36.36%	37.5%	-97.38%	52.5%	-9.5%	30.0%	55.96%	7.92%	0.0%	50.75%	76.32%	11.76%	41.67%	33.33%	28.57%	0.0%	40.0%
Accrued Expenses	$22.49M	$21.01M	$16.40M	$13.50M	$14.40M
YoY Change	7.04%	28.1%	21.48%	-6.25%
Deferred Revenue
YoY Change
Short-Term Debt	$165.8M	$142.1M	$85.80M	$59.40M	$42.80M	$46.30M	$231.8M	$115.0M	$87.00M	$116.9M	$117.9M	$75.60M	$103.3M	$87.50M	$72.60M	$67.60M	$119.4M	$85.00M	$82.00M	$74.50M	$93.30M	$55.30M	$80.90M	$54.10M	$57.40M	$39.40M	$18.20M	$22.40M	$13.10M	$17.30M	$24.20M	$22.50M	$17.20M
YoY Change	16.68%	65.65%	44.44%	38.79%	-7.56%	-80.03%	101.57%	32.18%	-25.58%	-0.85%	55.95%	-26.82%	18.06%	20.52%	7.4%	-43.38%	40.47%	3.66%	10.07%	-20.15%	68.72%	-31.64%	49.54%	-5.75%	45.69%	116.48%	-18.75%	70.99%	-24.28%	-28.51%	7.56%	30.81%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$190.4M	$163.8M	$16.70M	$13.90M	$15.00M	$800.0K	$200.0K	$100.0K	$100.0K	$100.0K	$100.0K	$200.0K	$200.0K	$300.0K	$400.0K	$700.0K	$1.100M	$800.0K	$30.50M	$20.00M	$22.10M	$17.00M	$10.90M	$10.10M	$10.10M	$6.700M	$3.800M	$3.400M	$2.400M	$1.800M	$1.400M	$1.400M	$1.000M
YoY Change	16.25%	880.83%	20.14%	-7.33%	1775.0%	300.0%	100.0%	0.0%	0.0%	0.0%	-50.0%	0.0%	-33.33%	-25.0%	-42.86%	-36.36%	37.5%	-97.38%	52.5%	-9.5%	30.0%	55.96%	7.92%	0.0%	50.75%	76.32%	11.76%	41.67%	33.33%	28.57%	0.0%	40.0%
Long-Term Debt	$26.74M	$26.34M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$30.90M	$40.90M	$40.90M	$40.90M	$41.00M	$100.0K	$100.0K	$20.80M	$20.80M	$20.80M	$20.90M	$20.30M	$2.100M	$2.100M	$2.100M	$2.100M	$2.700M	$600.0K	$600.0K	$600.0K	$600.0K	$600.0K
YoY Change	1.51%										-100.0%	-24.45%	0.0%	0.0%	-0.24%	40900.0%	0.0%	-99.52%	0.0%	0.0%	-0.48%	2.96%	866.67%	0.0%	0.0%	0.0%	-22.22%	350.0%	0.0%	0.0%	0.0%	0.0%
Other Long-Term Liabilities	$224.1M	$104.4M	$80.10M	$74.30M	$46.20M	$46.80M	$46.20M	$38.90M	$28.00M	$26.40M	$26.50M	$22.90M	$42.80M	$50.50M	$45.20M	$34.00M	$31.90M	$39.60M
YoY Change	114.57%	30.38%	7.81%	60.82%	-1.28%	1.3%	18.77%	38.93%	6.06%	-0.38%	15.72%	-46.5%	-15.25%	11.73%	32.94%	6.58%	-19.44%
Total Long-Term Liabilities	$250.8M	$130.8M	$80.10M	$74.30M	$46.20M	$46.80M	$46.20M	$38.90M	$28.00M	$26.40M	$26.50M	$53.80M	$83.70M	$91.40M	$86.10M	$75.00M	$32.00M	$39.70M	$20.80M	$20.80M	$20.80M	$20.90M	$20.30M	$2.100M	$2.100M	$2.100M	$2.100M	$2.700M	$600.0K	$600.0K	$600.0K	$600.0K	$600.0K
YoY Change	91.8%	63.27%	7.81%	60.82%	-1.28%	1.3%	18.77%	38.93%	6.06%	-0.38%	-50.74%	-35.72%	-8.42%	6.16%	14.8%	134.38%	-19.4%	90.87%	0.0%	0.0%	-0.48%	2.96%	866.67%	0.0%	0.0%	0.0%	-22.22%	350.0%	0.0%	0.0%	0.0%	0.0%
Total Liabilities	$7.312B	$6.736B	$5.970B	$4.168B	$3.318B	$2.936B	$2.906B	$2.726B	$2.530B	$2.304B	$2.160B	$1.943B	$1.865B	$1.733B	$1.638B	$1.484B	$1.349B	$1.289B	$1.205B	$1.095B	$1.018B	$954.2M	$865.6M	$792.0M	$639.6M	$565.8M	$441.7M	$383.8M	$296.7M	$249.5M	$225.8M	$217.3M	$203.6M
YoY Change	8.55%	12.82%	43.24%	25.62%	12.99%	1.05%	6.62%	7.72%	9.82%	6.68%	11.15%	4.17%	7.63%	5.81%	10.35%	10.01%	4.68%	7.0%	9.97%	7.59%	6.7%	10.24%	9.29%	23.83%	13.04%	28.1%	15.09%	29.36%	18.92%	10.5%	3.91%	6.73%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	29.21M	28.67M	24.90M	22.56M	22.60M	22.62M	22.53M	22.36M	22.09M	21.84M	14.22M shares	13.88M shares	13.79M shares	13.69M shares
Diluted Shares Outstanding	29.34M	28.92M	25.16M	22.77M	22.87M	22.94M	22.98M	22.79M	22.46M	22.14M	14.35M shares	13.93M shares	13.83M shares	13.78M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.3124 Billion

About Stock Yards Bancorp, Inc.

Stock Yards Bancorp, Inc. is a holding company, which engages in the provision of commercial and personal banking services. The company is headquartered in Louisville, Kentucky and currently employs 1,068 full-time employees. The firm has two segments: Commercial Banking, and WM&T. Commercial Banking segment provides a full range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, international banking, correspondent banking, and other banking services. The Bank also offers securities brokerage services via its banking center network through an arrangement with a third-party broker-dealer in the Commercial Banking segment. WM&T segment provides investment management, financial and retirement planning, and trust and estate services, as well as retirement plan management for businesses and corporations in all markets in which it operates.

Industry: State Commercial Banks Peers: BANNER CORP FIRST FINANCIAL BANCORP /OH/ LAKELAND FINANCIAL CORP PARK NATIONAL CORP /OH/ PNC FINANCIAL SERVICES GROUP, INC. SEACOAST BANKING CORP OF FLORIDA TRUSTMARK CORP WAFD INC WESBANCO INC