Stock Yards Bancorp Inc (OQ:SYBT)

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
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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

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