8-K
filed January 24, 2024, 6:59 PM ET
ticker SYBT
CIK 0000835324
earnings
confidence high
sentiment neutral
materiality 0.70
Stock Yards Bancorp Q4 EPS $0.82, down 19% YoY; record annual net income $107.7M
Stock Yards Bancorp, Inc.
2023-FY EPS reported
$3.67
- Net income $23.9M ($0.82 diluted EPS) vs $29.8M ($1.01) in Q4 2022; full-year record $107.7M ($3.67).
- Total loans (ex-PPP) grew $155M (3%) linked quarter, $580M (11%) YoY; record Q4 organic loan production.
- Net interest margin compressed to 3.25% from 3.64% YoY; net interest income $62.0M vs $65.3M.
- Recorded $4.1M charge-off on one C&I relationship; allowance for credit losses to loans 1.38%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Stock Yards Bancorp, Inc. reported the fourth quarter ended December 31, 2023 results: net income $23.9 million, EPS $0.82 per diluted share.
- Period
- the fourth quarter ended December 31, 2023
- Net income
- $23.9 million
- EPS
- $0.82 per diluted share
- Result
- reported results
Exact text from the filing
Stock Yards Bancorp Reports Fourth Quarter Earnings of $23.9 Million or $0.82 Per Diluted Share and Record Earnings for the Year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Stock Yards Bancorp, Inc. reported the year ended December 31, 2023 results: net income $107.7 million, EPS $3.67.
- Period
- the year ended December 31, 2023
- Net income
- $107.7 million
- EPS
- $3.67
- Result
- reported results
Exact text from the filing
For the year ended December 31, 2023, the Company produced record net income of $107.7 million, and diluted earnings per share of $3.67.
View on SEC.gov
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