Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1040 E MAIN ST LOUISVILLE KY 40206 |
Tel: | 1-502-6250890 |
Website: | N/A |
IR: | N/A |
Key People | ||
James A. Hillebrand Chairman of the Board, Chief Executive Officer | Philip S. Poindexter President of Bancorp and the Bank, Director | T. Clay Stinnett Chief Financial Officer, Executive Vice President, Treasurer of Bancorp and the Bank |
William M. Dishman Executive Vice President and Chief Risk Officer of the Bank | Shannon Budnick Executive Vice President, Director of Wealth Management & Trust Group of the Bank | Michael J. Croce Executive Vice President and Director of Retail Banking of the Bank | Michael V. Rehm Executive Vice President and Chief Lending Officer of the Bank |
Business Overview |
Stock Yards Bancorp, Inc. is engaged in the business of banking through its subsidiaries, Stock Yards Bank & Trust Company (the Bank). The Company 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. |
Financial Overview |
For the fiscal year ended 31 December 2023, Stock Yards Bancorp Inc interest income increased 38% to $346.7M. Net interest income after loan loss provision increased 5% to $233.5M. Net income increased 16% to $107.7M. Net interest income after loan loss provision reflects Commercial & Retail Banking segment increase from $0K to $232.8M, Wealth Management & Trust segment increase from $0K to $708K, Net Interest Margin. |
Employees: | 1,075 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,483M as of Dec 31, 2023 |
Annual revenue (TTM): | $346.70M as of Dec 31, 2023 |
EBITDA (TTM): | $174.87M as of Dec 31, 2023 |
Net annual income (TTM): | $107.75M as of Dec 31, 2023 |
Free cash flow (TTM): | $64.40M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $98.12M as of Dec 31, 2023 |
Shares outstanding: | 29,366,737 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |