7Baggers

Stock Yards Bancorp Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Net Income  
20191231 20200331 20200630 20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 20240630 20240930 04.278.5512.8217.0921.3625.6429.91Milllion

Stock Yards Bancorp Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2016-06-30 
                               
  interest income:                             
  loans, including fees95,689,000 90,018,000 85,840,000 82,715,000 78,234,000 72,308,000 68,787,000 64,033,000 56,750,000 50,612,000 44,743,000 43,671,000 43,307,000 40,095,000 37,000,000 36,007,000 33,844,000 34,099,000            
  federal funds sold and interest bearing due from banks1,946,000 2,157,000 2,096,000 3,526,000 1,640,000 1,664,000 1,581,000 2,173,000 2,450,000 1,113,000 282,000 287,000 208,000 84,000 66,000 65,000 54,000 88,000 531,000 804,000 566,000 830,000 733,000       
  mortgage loans held for sale47,000 74,000 31,000 38,000 55,000 77,000 41,000 13,000 103,000 50,000 24,000 74,000 53,000 58,000 64,000 174,000 173,000 125,000 61,000 61,000 41,000 43,000 37,000 45,000 42,000 44,000 35,000 132,000 59,000 
  federal home loan bank stock663,000 470,000 468,000 621,000 499,000 275,000 165,000 177,000 172,000 102,000 54,000 58,000 83,000 64,000 57,000               
  investment securities:                             
  taxable6,918,000 7,125,000 7,657,000 7,897,000 8,064,000 8,299,000 8,446,000 8,314,000 7,503,000 6,805,000 4,680,000 3,330,000 3,206,000 2,744,000 2,295,000 1,801,000 2,029,000 2,136,000 2,466,000 2,486,000 2,239,000 2,546,000 2,568,000 2,703,000 2,055,000 2,105,000 2,138,000   
  tax-exempt459,000 460,000 453,000 444,000 433,000 440,000 447,000 440,000 432,000 426,000 201,000 88,000 91,000 57,000 36,000 39,000 44,000 58,000 75,000 87,000 105,000 130,000 147,000 163,000 192,000 236,000 241,000   
  total interest income105,722,000 100,304,000 96,545,000 95,241,000 88,925,000 83,063,000 79,467,000 75,150,000 67,410,000 59,108,000 49,984,000 47,508,000 46,948,000 43,102,000 39,518,000 38,339,000 36,144,000 36,506,000 36,882,000 37,795,000 37,973,000 36,968,000 35,029,000 35,004,000 33,021,000 32,004,000 29,730,000 85,687,000 25,162,000 
  interest expense:                             
  deposits33,997,000 31,623,000 31,866,000 29,645,000 21,360,000 17,081,000 13,499,000 9,022,000 4,449,000 1,770,000 1,171,000 1,279,000 1,403,000 1,435,000 1,510,000 1,802,000 2,107,000 2,607,000 3,962,000 4,526,000 5,316,000 5,652,000 5,066,000 4,718,000 3,972,000 2,674,000 2,077,000 4,996,000 979,000 
  securities sold under agreements to repurchase937,000 771,000 931,000 658,000 597,000 376,000 456,000 317,000 176,000 57,000 17,000 8,000 6,000 5,000 5,000 6,000 7,000 8,000 16,000 19,750 26,000 28,000 25,000     7,250 29,000 
  federal funds purchased and other short-term borrowings120,000 139,000 136,000 126,000 157,000 170,000 177,000 18,000 50,000 19,000 3,000 2,750 5,000 4,000 2,000               
  federal home loan bank advances5,209,000 5,263,000 2,997,000 2,155,000 4,917,000 3,962,000 529,000     36,000 51,000 74,000 176,000 277,000 333,000 361,000 429,000 486,000 509,000 424,000 221,000     45,250 181,000 
  subordinated debentures480,000 486,000 545,000 582,000 579,000 545,000 1,734,000 454,000 359,000 278,000 33,000           26,000        
  total interest expense40,743,000 38,282,000 36,475,000 33,225,000 27,610,000 22,134,000 16,395,000 9,887,000 5,034,000 2,124,000 1,224,000 1,326,000 1,465,000 1,518,000 1,693,000 2,087,000 2,449,000 2,978,000 4,436,000 5,075,000 5,903,000 6,194,000 5,372,000 5,092,000 4,500,000 3,330,000 2,435,000 6,034,000 1,212,000 
  net interest income64,979,000 62,022,000 60,070,000 62,016,000 61,315,000 60,929,000 63,072,000 65,263,000 62,376,000 56,984,000 48,760,000 46,182,000 45,483,000 41,584,000 37,825,000 36,252,000 33,695,000 33,528,000 32,446,000 32,720,000 32,070,000 30,774,000 29,657,000 29,912,000 28,521,000 28,674,000 27,295,000 79,653,000 23,950,000 
  benefit from credit losses4,325,000 1,300,000 1,425,000 6,046,000 2,775,000 2,350,000 2,625,000 3,375,000 4,803,000 -200,000 2,279,000 -1,900,000 -1,525,000 4,147,000 -1,475,000 3,879,500 4,418,000 5,550,000 5,550,000           
  net interest income after provision expense60,654,000 60,722,000 58,645,000 55,970,000 58,540,000 58,579,000 60,447,000                       
  non-interest income:                             
  wealth management and trust services10,931,000 10,795,000 10,771,000 10,099,000 10,030,000 10,146,000 9,527,000 9,221,000 9,152,000 9,495,000 8,469,000 7,379,000 7,128,000 6,858,000 6,248,000 5,805,000 5,657,000 5,726,000 6,218,000 5,804,000 5,738,000 5,662,000 5,439,000 5,312,000 5,380,000 5,344,000 5,500,000   
  deposit service charges2,314,000 2,180,000 2,136,000 2,244,000 2,272,000 2,201,000 2,149,000 2,183,000 2,179,000 2,061,000 1,863,000 1,907,000 1,768,000 1,233,000 944,000 1,080,000 998,000 800,000 1,283,000 1,486,000 1,444,000 1,336,000 1,247,000 1,419,000 1,482,000 1,447,000 1,511,000   
  debit and credit card income5,083,000 4,923,000 4,682,000 5,374,000 4,870,000 4,712,000 4,482,000 5,046,000 4,710,000 4,748,000 4,119,000 4,012,000 3,887,000 3,284,000 2,273,000 2,219,000 2,218,000 2,063,000 1,980,000 2,109,000 2,102,000 2,168,000 1,744,000       
  treasury management fees2,939,000 2,825,000 2,625,000 2,531,000 2,635,000 2,549,000 2,318,000 2,278,000 2,221,000 2,187,000 1,904,000 1,871,000 1,771,000 1,730,000 1,540,000 1,506,000 1,368,000 1,249,000 1,284,000 1,369,000 1,264,000 1,202,000 1,157,000       
  mortgage banking income1,112,000 1,017,000 948,000 823,000 814,000 1,030,000 1,038,000 209,000 703,000 1,295,000 1,003,000 1,062,000 915,000 1,303,000 1,444,000 1,708,000 1,979,000 1,622,000 846,000 978,000 834,000 796,000 482,000       
  net investment product sales commissions and fees915,000 800,000 865,000 860,000 791,000 800,000 754,000 833,000 892,000 731,000 607,000 764,000 780,000 545,000 464,000 487,000 431,000 391,000 466,000 378,000 400,000 364,000 356,000 432,000 444,000 397,000 404,000   
  bank owned life insurance634,000 595,000 588,000 576,000 569,000 559,000 549,000 545,000 516,000 270,000 266,000 272,000 275,000 206,000 161,000 166,000 172,000 176,000 179,000 182,000 487,000 184,000 178,000 565,000 186,000 191,000 187,000   
  gain on sale of premises and equipment-59,000 20,000     -2,000 1,295,000 3,074,000                     
  other928,000 500,000 656,000 2,059,000 613,000 1,088,000 1,232,000 1,532,000 1,417,000 1,153,000 972,000 1,337,000 1,090,000 629,000 770,000 727,000 220,000 595,000 280,000 855,000 1,035,000 551,000 459,000 241,000 312,000 508,000 290,000 1,331,000 488,000 
  total non-interest income24,797,000 23,655,000 23,271,000 24,417,000 22,896,000 22,860,000 22,047,000 23,142,000 24,864,000 21,940,000 19,203,000 18,604,000 17,614,000 15,788,000 13,844,000 13,698,000 13,043,000 12,622,000 12,536,000 13,161,000 13,304,000 12,263,000 11,062,000 11,576,000 11,426,000 11,435,000 10,923,000 34,342,000 10,778,000 
  non-interest expenses:                             
  compensation25,534,000 24,634,000 24,221,000 24,494,000 23,379,000 22,107,000 21,896,000 23,398,000 23,069,000 22,204,000 17,969,000 17,146,000 17,381,000 15,680,000 12,827,000 14,072,000 13,300,000 11,763,000 12,233,000 13,473,000 12,330,000 12,715,000 11,801,000 11,824,000 11,607,000 11,703,000 10,970,000   
  employee benefits4,629,000 5,086,000 5,876,000 3,829,000 4,508,000 5,061,000 5,053,000 3,421,000 4,179,000 4,429,000 4,539,000 3,189,000 3,662,000 3,367,000 3,261,000 2,173,000 2,853,000 2,871,000 3,167,000 2,580,000 2,908,000 2,908,000 2,642,000 2,452,000 2,501,000 2,512,000 2,633,000   
  net occupancy and equipment3,775,000 3,819,000 3,670,000 5,150,000 3,821,000 3,514,000 3,899,000 3,843,000 3,767,000 3,663,000 3,025,000 2,667,000 2,732,000 2,244,000 2,045,000 2,209,000 2,235,000 2,089,000 1,881,000 2,384,000 2,199,000 1,976,000 1,858,000 2,110,000 1,914,000 1,811,000 1,818,000   
  technology and communication4,500,000 4,894,000 5,069,000 4,612,000 4,236,000 4,219,000 4,251,000 3,747,000 3,747,000 3,984,000 3,419,000 2,956,000 3,173,000 2,670,000 2,346,000 2,275,000 2,265,000 1,947,000 2,013,000 4,129,000 1,841,000 1,848,000 1,773,000 2,254,000 2,183,000 2,264,000 2,196,000   
  debit and credit card processing1,845,000 1,811,000 1,746,000 1,719,000 1,637,000 1,706,000 1,419,000 1,470,000 1,437,000 1,665,000 1,337,000 1,334,000 1,479,000 976,000 705,000 698,000 649,000 603,000 656,000 470,000 662,000 631,000 587,000       
  marketing and business development1,438,000 1,596,000 1,075,000 1,754,000 1,357,000 1,784,000 1,095,000 1,544,000 1,244,000 1,445,000 772,000 1,793,000 1,011,000 822,000 524,000 835,000 523,000 465,000 560,000 1,367,000 732,000 903,000 625,000 908,000 740,000 805,000 646,000   
  postage, printing and supplies901,000 913,000 926,000 903,000 938,000 889,000 874,000 893,000 903,000 825,000 733,000 714,000 630,000 460,000 409,000 423,000 472,000 442,000 441,000 434,000 402,000   397,000 370,000 400,000 391,000   
  legal and professional968,000 1,185,000 1,115,000 1,293,000 1,049,000 819,000 797,000 492,000 774,000 1,027,000 650,000 755,000 700,000 666,000 862,000 597,000 544,000 628,000 623,000 433,000 524,000 1,523,000 534,000 1,116,000 501,000 504,000 493,000   
  fdic insurance1,095,000 1,161,000 1,112,000 1,060,000 937,000 779,000 1,135,000 730,000 847,000 536,000 645,000 706,000 387,000 349,000 405,000 323,000 435,000 330,000 129,000 -241,000  248,000 238,000 243,000 238,000 238,000 242,000   
  capital and deposit based taxes825,000 673,000 630,000 601,000 629,000 607,000 639,000 799,000 722,000 582,000 518,000 549,000 556,000 527,000 458,000 1,055,000 1,076,000 1,225,000 1,030,000 1,006,000 993,000 967,000 904,000 873,000 738,000 862,000 852,000   
  intangible amortization1,052,000 1,051,000 1,052,000 1,167,000 1,167,000 1,172,000 1,180,000 1,610,000 1,610,000 1,611,000 713,000                   
  amortization of investments in tax credit partnerships   324,000 323,000 324,000 323,000 88,000 88,000 89,000 88,000 52,000 53,000 231,000 31,000 2,955,000 52,000 53,000            
  total non-interest expenses48,452,000 49,109,000 48,961,000 50,013,000 46,702,000 45,800,000 45,314,000 45,946,000 44,873,000 44,675,000 56,297,000 34,572,000 34,558,000 48,177,000 24,973,000 28,129,000 26,196,000 24,884,000 23,950,000 26,291,000 23,957,000 25,464,000 22,639,000    21,027,000 70,798,000 20,193,000 
  income before income tax expense36,999,000 35,268,000 32,955,000 30,374,000 34,734,000 35,639,000 37,180,000 39,084,000 37,564,000 34,449,000 9,387,000 32,114,000 30,064,000 5,048,000 28,171,000 20,421,000 16,124,000 15,716,000 15,482,000 19,590,000 21,017,000 17,573,000        
  income tax expense7,639,000 7,670,000 7,068,000 6,430,000 7,642,000 7,975,000 8,132,000 9,174,000 9,024,000 7,547,000 1,445,000 7,525,000 6,902,000 864,000 5,461,000 2,685,000 1,591,000 2,348,000 2,250,000 2,941,000 3,783,000 1,030,000 1,839,000 2,265,000 3,555,000 3,159,000 3,052,000 13,463,000 3,676,000 
  net income29,360,000 27,598,000 25,887,000 23,944,000 27,092,000 27,664,000 29,048,000 29,910,000 28,540,000 26,902,000 7,942,000 24,589,000 23,162,000 4,184,000 22,710,000 17,736,000 14,533,000 13,368,000 13,232,000 16,649,000 17,234,000 16,543,000 15,641,000 14,658,000 13,876,000 13,579,000 13,404,000 27,934,000 10,109,000 
  yoy8.37% -0.24% -10.88% -19.95% -5.07% 2.83% 265.75% 21.64% 23.22% 542.97% -65.03% 38.64% 59.38% -68.70% 71.63% 6.53% -15.67% -19.19% -15.40% 13.58% 24.20% 21.83% 16.69% -47.53% 37.26%     
  qoq6.38% 6.61% 8.11% -11.62% -2.07% -4.76% -2.88% 4.80% 6.09% 238.73% -67.70% 6.16% 453.59% -81.58% 28.04% 22.04% 8.71% 1.03% -20.52% -3.39% 4.18% 5.77% 6.71% 5.64% 2.19% 1.31% -52.02% 176.33%  
  net income margin %                             
  net income per share0.94 0.89         0.95 0.87 0.17 0.79 0.64 0.59 0.59 0.74 0.76 0.73 0.69    0.59   
  weighted-average outstanding shares                             
  basic29,299 29,283 29,250 29,212 29,223,000 29,223,000 29,178,000 28,672 29,144,000 29,131,000 27,230,000 24,898 26,485 24,140 22,622 22,563 22,582 22,560 22,516 22,598 22,550 22,689        
  diluted29,445 29,383 29,361 29,343 29,336,000 29,340,000 29,365,000 28,922 29,404,000 29,346,000 27,485,000 25,156 26,726 24,379 22,865 22,768 22,802 22,739 22,736 22,865 22,810 22,949        
  loss on sale of premises and equipment     -225,000                        
  gain on sale of premises and equipment   18,750 302,000                         
  merger expenses          19,500,000  525,000 18,100,000                
  less income attributed to non-controlling interest       93,000 85,000 108,000                    
  net income available to stockholders   23,944,000 27,092,000 27,664,000 29,048,000 29,817,000 28,455,000 26,794,000 7,906,000                   
  net income per common share - basic   717.5 930 950 1,000                       
  net income per common share - diluted   715 920 940 990                       
  interest income                             
  interest expense                             
  net interest income after credit loss expense       40,309,500 57,573,000 57,184,000 46,481,000 30,936,250 47,008,000 37,437,000 39,300,000               
  non-interest income                             
  non-interest expenses                             
  federal home loan bank early termination penalty           118,500  474,000                
  net income per common share, basic       555 980 920 290                   
  net income per common share, diluted       550 970 910 290                   
  securities investment:                             
  less income attributed to noncontrolling interest          36,000                   
  securities available for sale:                             
  federal funds purchased and other short-term borrowing               2,000 2,000 2,000 29,000 44,000 52,000 64,000 60,000     5,750 23,000 
  net interest income after provision               34,852,000 29,277,000 27,978,000 26,896,000 32,720,000 31,670,000 30,774,000 29,057,000       
  credit loss expense for off-balance sheet exposures               -900,000 550,000 1,475,000            
  weighted-average outstanding shares:                             
  basic29,299 29,283 29,250 29,212 29,223,000 29,223,000 29,178,000 28,672 29,144,000 29,131,000 27,230,000 24,898 26,485 24,140 22,622 22,563 22,582 22,560 22,516 22,598 22,550 22,689        
  diluted29,445 29,383 29,361 29,343 29,336,000 29,340,000 29,365,000 28,922 29,404,000 29,346,000 27,485,000 25,156 26,726 24,379 22,865 22,768 22,802 22,739 22,736 22,865 22,810 22,949        
  loans and leases, including fees                  33,749,000           
  amortization/impairment of tax credit partnerships                  36,000           
  loans and leases                   24,996,250 35,022,000 33,419,000 31,544,000       
  securities available for sale                             
  benefit from loan and lease losses                    400,000         
  amortization/impairment of investments in tax credit partnerships                   60,250 137,000 52,000 52,000 1,179,000  58,000    
  weighted-average common shares:                             
  basic29,299 29,283 29,250 29,212 29,223,000 29,223,000 29,178,000 28,672 29,144,000 29,131,000 27,230,000 24,898 26,485 24,140 22,622 22,563 22,582 22,560 22,516 22,598 22,550 22,689        
  diluted29,445 29,383 29,361 29,343 29,336,000 29,340,000 29,365,000 28,922 29,404,000 29,346,000 27,485,000 25,156 26,726 24,379 22,865 22,768 22,802 22,739 22,736 22,865 22,810 22,949        
  postage, printing, and supplies                     410,000 406,000       
  benefit from loan losses                      600,000 676,250 735,000 1,235,000 735,000 1,800,000 750,000 
  income before income taxes                      17,480,000 16,923,000 17,431,000 16,738,000 16,456,000 41,397,000 13,785,000 
  average common shares:                             
  basic                      22,661 22,636 22,625 22,577 196 22,336 
  diluted                      22,946 -12 22,968 22,979 22,942 279 22,704 
  loans                       31,590,000 30,359,000 29,456,000 27,048,000 77,311,000 22,563,000 
  federal funds sold and interest bearing deposits                       503,000 373,000 163,000 268,000   
  securities                             
  securities sold under agreements to repurchase and other short-term borrowings                       212,500 300,000 427,000    
  long term debt                       232,000 228,000 229,000 235,000   
  net interest income after benefit from loan losses                       29,912,000 27,786,000 27,439,000 26,560,000 77,853,000 23,200,000 
  debit and credit cards                       1,813,000 1,759,000 1,689,000 1,508,000   
  treasury management                       1,260,000 1,151,000 1,113,000 947,000   
  mortgage banking                       534,000 712,000 746,000 576,000   
  gain on call of securities                             
  total non-interest expense                       16,236,000 21,781,000 22,136,000    
  net income per share0.94 0.89         0.95 0.87 0.17 0.79 0.64 0.59 0.59 0.74 0.76 0.73 0.69    0.59   
  basic                       0.453 0.61 0.6  0.113 0.45 
  diluted                       0.445 0.6 0.59  0.113 0.45 
  average common shares                             
  basic                      22,661 22,636 22,625 22,577 196 22,336 
  diluted                      22,946 -12 22,968 22,979 22,942 279 22,704 
  short term borrowing                          123,000   
  federal funds sold                           27,750 111,000 
  securities – taxable                           530,750 2,123,000 
  securities – tax-exempt                           76,500 306,000 
  investment management and trust services                           1,201,750 4,807,000 
  service charges on deposit accounts                           565,500 2,262,000 
  bankcard transaction revenue                           358,250 1,433,000 
  mortgage banking revenue                           257,500 1,030,000 
  brokerage commissions and fees                           134,500 538,000 
  bank owned life insurance income                           55,000 220,000 
  salaries and employee benefits                           2,992,750 11,971,000 
  net occupancy expense                           386,500 1,546,000 
  data processing expense                           470,250 1,881,000 
  furniture and equipment expense                           72,750 291,000 
  fdic insurance expense                           87,750 351,000 
  amortization of investment in tax credit partnerships                           254,000 1,016,000 

We provide you with 20 years income statements for Stock Yards Bancorp stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Stock Yards Bancorp stock. Explore the full financial landscape of Stock Yards Bancorp stock with our expertly curated income statements.

The information provided in this report about Stock Yards Bancorp stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.