NASDAQ$SYBT

Stock Yards Bancorp Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported record earnings and strong fourth quarter earnings, driven by organic loan growth and net interest margin expansion.

Stock Yards Bancorp reported record earnings for the fourth quarter ended December 31, 2022, with net income of $29.8 million, or $1.01 per diluted share, compared to $24.6 million, or $0.92 per diluted share, for the fourth quarter of 2021. The results were driven by organic loan growth and expanded net interest margin.

  • Net interest income increased 41% to $65.3 million due to average earning asset growth and rate increases.
  • Non-interest income increased 24% to $23.1 million, with recent acquisitions contributing significantly.
  • Total loans increased 25% year over year to $5.21 billion.
  • The company recorded a provision for credit losses of $3.4 million during the fourth quarter of 2022.

Headline financials

Total Revenue

$88.4M

Previous: $64.8M+36.5%
EPS (adj)

$1.00

Previous: $0.92+8.7%
Net Interest Margin

3.6%

No prior period
Capital Expenditures

$3.15M

Previous: $1.34M+135.2%
Free Cash Flow

$34.5M

Previous: $37.6M-8.4%
Net Income

$29.8M

Previous: $24.6M+21.1%
Cash & Equivalents

$82.5M

Previous: $62.3M+32.4%
Total Assets

$7.5B

Previous: $6.65B+12.8%
Stock-Based Comp

$1.11M

Previous: $1.14M-2.5%

Revenue & EPS history

Stock Yards Bancorp · Revenue · Quarterly

$88.4M

Q4 2022+36.5%vs Q4 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Stock Yards Bancorp · $12.6M total across 8 segments · Q2 2020

  • Wealth Mgmt & Trust
    $5.73M
  • Card Income
    $2.06M
  • Mortgage Banking
    $1.62M
  • Treasury Fees
    $1.25M
  • Deposit Charges
    $800K
  • Other Income
    $595K
  • Investment Commissions
    $391K
  • BOLI Income
    $176K

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 2022

Historical avgQ4 2022

+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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