NASDAQ$SYBT
Stock Yards Bancorp Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported solid results amidst pandemic-related economic challenges, with net income of $13.4 million and record deposit growth.
Stock Yards Bancorp reported net income of $13.4 million, or $0.59 per diluted share, for the second quarter ended June 30, 2020. The results reflect solid performance amidst pandemic-related economic challenges, driven by record mortgage banking income and controlled non-interest expenses.
- Delivered solid results despite pandemic-related and broad-based economic challenges.
- Pre-tax, pre-provision income increased 21%, led by record mortgage banking income and controlled non-interest expenses.
- Assisted over 3,200 customers and originated $647 million in loans through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP).
- Recorded a significant provision for credit losses based on the predicted impact of the pandemic due to rising unemployment forecasts and changing macro-economic conditions.
Headline financials
Revenue & EPS history
Stock Yards Bancorp · Revenue · Quarterly
$46.2M
Revenue by segment
Stock Yards Bancorp · $12.6M total across 8 segments · Q2 2020
- Wealth Mgmt & Trust$5.73M—45.4%
- Card Income$2.06M—16.3%
- Mortgage Banking$1.62M—12.9%
- Treasury Fees$1.25M—9.9%
- Deposit Charges$800K—6.3%
- Other Income$595K—4.7%
- Investment Commissions$391K—3.1%
- BOLI Income$176K—1.4%
Forward guidance
Stock Yards Bancorp expects to navigate these uncertain times and come out of the current crisis stronger than they entered, based on their strong capital base, diversified loan portfolio, conservative loan underwriting philosophy, and multiple sources of revenue.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.5%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+2.2%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+8.7%
Q1 2020
Best reaction
-8.6%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | +2.5% | +1.0% | |
| Q4 2025 | -0.6% | +0.8% | -5.8% | |
| Q3 2025 | -0.9% | +1.6% | +2.2% | |
| Q1 2025 | +1.2% | +0.2% | +0.3% | |
| Q4 2024 | +0.4% | +1.7% | -1.1% | |
| Q3 2024 | +2.7% | +3.4% | +17.6% | |
| Q2 2024 | +8.1% | +4.1% | +2.5% | |
| Q1 2024 | +1.1% | -0.5% | +2.2% | |
| Q4 2023 | +2.9% | +5.3% | -7.9% | |
| Q3 2023 | +2.6% | +1.6% | +20.6% | |
| Q2 2023 | +1.9% | +0.1% | -6.1% | |
| Q1 2023 | +4.2% | +1.3% | -9.7% | |
| Q4 2022 | -2.4% | -3.3% | -2.4% | |
| Q3 2022 | +2.4% | +6.7% | +2.9% | |
| Q2 2022 | +4.2% | +5.7% | +3.7% | |
| Q1 2022 | -1.0% | -1.0% | +10.2% | |
| Q4 2021 | -5.2% | -4.5% | -13.5% | |
| Q3 2021 | -5.0% | -3.6% | -3.7% | |
| Q2 2021 | +0.9% | -0.1% | +9.8% | |
| Q1 2021 | +1.6% | +2.6% | +3.6% | |
| Q4 2020 | +5.3% | +5.5% | +15.3% | |
| Q3 2020 | -0.5% | +1.7% | +8.1% | |
| Q2 2020 | -1.0% | -1.9% | +2.1% | |
| Q1 2020 | +8.7% | +15.4% | +10.8% | |
| Q4 2019 | +1.3% | -0.8% | -11.9% | |
| Q3 2019 | +4.2% | +6.4% | +9.1% | |
| Q2 2019 | +4.9% | +6.8% | +0.0% | |
| Q1 2019 | -2.3% | +0.7% | +0.2% | |
| Q4 2018 | +3.3% | +1.6% | +8.0% | |
| Q3 2018 | -3.2% | -4.5% | -1.3% | |
| Q2 2018 | +1.3% | -1.6% | +0.5% | |
| Q1 2018 | +3.2% | +0.4% | +6.2% | |
| Q4 2017 | -0.7% | -1.5% | -1.3% | |
| Q3 2017 | +3.4% | -1.8% | -0.7% | |
| Q2 2017 | -2.2% | -3.4% | -5.9% | |
| Q1 2017 | +0.0% | -2.7% | -12.4% | |
| Q4 2016 | -1.1% | -2.4% | -1.6% | |
| Q3 2016 | +0.3% | -0.6% | +27.6% | |
| Q2 2016 | +3.8% | +3.4% | +7.7% | |
| Q1 2016 | +1.4% | — | — | |
| Q4 2015 | +4.5% | — | — | |
| Q3 2015 | +0.5% | — | — | |
| Q2 2015 | -2.1% | — | — | |
| Q1 2015 | +3.7% | — | — | |
| Q4 2014 | +0.4% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q4 2013 | -0.8% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | +4.2% | — | — | |
| Q1 2013 | +1.4% | — | — | |
| Q4 2011 | -1.8% | — | — | |
| Q1 2010 | -1.8% | — | — | |
| Q4 2012 | -1.1% | — | — | |
| Q3 2012 | -3.3% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2011 | -1.6% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2009 | -1.0% | — | — | |
| Q3 2011 | -0.6% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q4 2010 | -8.6% | — | — | |
| Q2 2010 | -8.6% | — | — | |
| Q2 2011 | -8.6% | — | — |
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