NASDAQ$SYBT

Stock Yards Bancorp Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported strong earnings for the fourth quarter of 2019.

Stock Yards Bancorp reported strong fourth-quarter earnings with a net income of $16.6 million, or $0.73 per diluted share, an increase from $14.7 million, or $0.64 per diluted share, in the fourth quarter of 2018. Total revenue increased by 11% to $45.9 million.

  • Net income for the fourth quarter of 2019 rose 14% to $16.6 million.
  • Total revenue increased 11% to $45.9 million for the fourth quarter of 2019.
  • Average loans increased $289 million year over year, contributing to the 9% increase in net interest income.
  • Non-interest income increased 14% for the fourth quarter of 2019.

Headline financials

Total Revenue

$45.9M

Previous: $41.5M+10.6%
EPS (adj)

$0.73

Previous: $0.64+14.1%
Net Interest Margin

3.7%

Previous: 3.8%-3.6%
Efficiency Ratio

57.2%

Previous: 59.1%-3.2%
ROA (Annualized)

1.8%

No prior period
ROE (Annualized)

16.5%

No prior period
TCE / Tangible Assets

10.6%

No prior period
NPL / Loans

0.4%

Previous: 0.1%+223.1%
NPAs / Total Assets

0.3%

Previous: 0.1%+161.5%
Reserves / Loans

0.9%

Previous: 1.0%-6.0%
Capital Expenditures

$919K

Previous: $2.14M-57.1%
Free Cash Flow

$17.9M

Previous: $18M-1.0%
Net Income

$16.6M

No prior period
Operating Income

$19.6M

No prior period
Gross Profit

$45.3M

Previous: $41.5M+9.1%
Cash & Equivalents

$250M

Previous: $199M+25.5%
Total Assets

$3.72B

Previous: $3.3B+12.8%
Stock-Based Comp

$846K

Previous: $1.1M-23.4%

Revenue & EPS history

Stock Yards Bancorp · Revenue · Quarterly

$45.9M

Q4 2019+10.6%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Stock Yards Bancorp · $13.2M total across 8 segments · Q4 2019

  • Wealth Mgmt & Trust
    $5.8M
  • Card Income
    $2.11M
  • Deposit Charges
    $1.49M
  • Treasury Fees
    $1.37M
  • Mortgage Banking
    $978K
  • Other Income
    $855K
  • Investment Commissions
    $378K
  • BOLI Income
    $182K

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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