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SYBT

Stock Yards Bancorp, Inc.

SYBT

Stock Yards Bancorp, Inc. • NASDAQ
$66.17 ▲ 0.12% (+0.08)
Market Cap $1.95 B
52w High $83.83
52w Low $60.75
Dividend Yield 1.25%
P/E 14.45
Volume 78.38K
Outstanding Shares 29.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $142.764M ▲ $51.847M ▼ $36.241M ▲ 25.385% ▲ $1.23 ▲ $47.621M ▲
Q2-2025 $139.348M ▲ $52.7M ▲ $34.024M ▲ 24.417% ▼ $1.16 ▲ $43.713M ▲
Q1-2025 $132.343M ▲ $49.208M ▼ $33.271M ▲ 25.14% ▲ $1.13 ▲ $42.875M ▲
Q4-2024 $132.016M ▲ $49.858M ▲ $31.694M ▲ 24.008% ▲ $1.08 ▲ $42.149M ▲
Q3-2024 $128.733M $46.666M $29.36M 22.807% $1 $40.446M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $821.877M ▼ $9.307B ▲ $8.266B ▲ $1.041B ▲
Q2-2025 $1.111B ▲ $9.209B ▲ $8.203B ▲ $1.006B ▲
Q1-2025 $953.22M ▼ $8.997B ▲ $8.022B ▲ $975.473M ▲
Q4-2024 $1.069B ▲ $8.863B ▲ $7.923B ▲ $940.476M ▲
Q3-2024 $970.657M $8.437B $7.503B $934.094M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-67.295M ▼ $38.215M ▼ $192.423M ▲ $74.239M ▼ $304.877M ▲ $35.16M ▼
Q2-2025 $34.024M ▲ $55.936M ▲ $-186.865M ▼ $178.605M ▲ $47.676M ▼ $53.481M ▲
Q1-2025 $33.271M ▲ $19.783M ▲ $-12.382M ▲ $105.315M ▼ $112.716M ▲ $17.84M ▲
Q4-2024 $31.694M ▲ $18.935M ▼ $-399.195M ▼ $418.214M ▲ $37.954M ▼ $15.657M ▼
Q3-2024 $29.36M $55.402M $-71.441M $64.754M $48.715M $53.904M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Credit and Debit Card
Credit and Debit Card
 $10.00M ▲$10.00M ▲$0 ▼$0 ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Fiduciary and Trust
Fiduciary and Trust
 $10.00M ▲$20.00M ▲$10.00M ▼$10.00M ▲
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Treasury Management
Treasury Management
 $0 ▲$10.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Stock Yards Bancorp shows a pattern of steady, disciplined growth rather than fast, volatile swings. Revenue has trended upward over the past several years, and profit levels have generally moved in the same direction. Operating profits and net income have held up well, even as the interest rate environment and loan demand have shifted. Margins look healthy for a regional bank, indicating reasonable pricing power and cost control. Recent years suggest that earnings are now growing more slowly from a higher base, which is normal as a bank gets larger. Overall, the income statement points to a consistent, well-managed earnings profile, with no obvious signs of major strain, but not a hyper-growth story either.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully over the last five years, reflecting growth in loans and the broader franchise. Equity has also grown steadily, which suggests that profits are being retained and the capital base is being reinforced over time. Debt has increased, but from relatively low levels, and still looks manageable given the total asset size. Cash balances are modest, typical for a regional bank that puts most of its funding to work in loans and securities rather than holding large idle cash. Taken together, the balance sheet shows a bank that has scaled up while keeping its capital position improving, though the higher use of debt and larger size naturally bring more exposure to credit and interest-rate cycles.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive, which is a good sign for the underlying health of the banking business. Free cash flow has also been positive and fairly stable, indicating that the bank is able to fund its needs without stretching its resources. Capital spending is relatively light, which fits a service-oriented financial institution that relies more on technology and people than on heavy physical assets. This pattern suggests that the bank generates reliable internal cash, giving it flexibility to support growth, absorb shocks, and return capital when appropriate, as long as credit quality and funding conditions remain solid.

Competitive Edge

Competitive Edge Stock Yards Bancorp occupies a solid niche as a relationship-focused regional bank with a long history in its core markets. Its strength lies in deep ties to local businesses and communities, plus a meaningful wealth management and trust business that adds fee income and diversifies revenue beyond traditional lending and deposits. This mix helps differentiate it from many smaller community banks that are more dependent on spread income alone. The bank competes with much larger national players, but counters with personalized service, local decision-making, and niche expertise. Key risks to its position include geographic concentration, exposure to regional economic slowdowns, and ongoing competition from both big banks and digital-first challengers.

Innovation and R&D

Innovation and R&D The company does not pursue innovation through heavy in-house technology development, but rather through smart use of established financial technology partners. By working with well-known core banking and digital banking providers, it offers customers modern online and mobile capabilities while keeping investment needs more manageable. The integration of tools like digital payments, treasury management, and connections to third-party financial apps shows a practical approach to staying current. This partnership-driven model lets the bank focus on relationships and advice, but it also means it must continually ensure its vendors keep pace with changing customer expectations and regulatory demands. The main opportunity is to keep layering better digital experiences on top of its strong relationship base; the main risk is falling behind more aggressive tech adopters if upgrades slow.

Summary

Overall, Stock Yards Bancorp appears to be a steady, relationship-driven regional bank that has grown its franchise and earnings over time without taking visibly outsized risks. The financial statements point to consistent profitability, a strengthening capital base, and reliable cash generation. Its diversified mix of commercial banking and wealth management provides some resilience against interest-rate swings and loan cycle volatility. On the other hand, as with any regional bank, it remains exposed to credit quality, funding costs, regulatory changes, and the pace of digital transformation. The story here is one of disciplined, incremental growth built on local relationships and selective use of technology, rather than rapid disruption or aggressive expansion.

NEWS

October 29, 2025 · 7:30 AM UTC

Stock Yards Bancorp Reports Record Third Quarter Earnings of $36.2 Million or $1.23 Per Diluted Share

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September 3, 2025 · 11:27 AM UTC

Stock Yards Bancorp Names Michael W. Woods as Principal Accounting Officer

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