Stock yards bancorp, inc. (SYBT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans and leases, including fees

134,342

118,467

99,924

91,798

83,371

79,884

78,703

79,398

79,049

79,203

76,889

Federal funds sold and interest bearing due from banks

2,933

1,307

1,330

491

263

292

295

320

255

138

79

Mortgage loans held for sale

182

166

191

237

249

174

219

344

231

339

389

Securities available for sale:
Taxable

9,839

9,001

8,365

8,451

8,120

7,565

6,099

5,657

5,174

5,274

5,378

Tax-exempt

469

832

1,089

1,195

1,167

1,172

1,148

1,182

1,330

1,192

1,121

Total interest income

147,765

129,773

110,899

102,172

93,170

89,087

86,464

86,901

86,039

86,146

83,856

Interest expense:
Deposits

20,560

13,441

5,975

3,943

3,739

4,321

5,011

7,166

10,105

13,170

18,001

Securities sold under agreements to repurchase

318

992

316

212

174

140

146

180

253

332

271

Federal funds purchased and other short-term borrowing

-

-

-

-

-

29

32

31

38

45

63

Long term debt

-

-

-

763

939

-

-

-

-

-

-

Federal Home Loan Bank advances

1,640

924

955

-

-

840

887

2,461

1,460

2,266

3,341

Subordinated debentures

26

0

0

-

-

-

3,090

3,113

3,451

3,454

3,505

Total interest expense

22,544

15,357

7,246

4,918

4,852

5,330

9,166

12,951

15,307

19,267

25,181

Net interest income

125,221

114,416

103,653

97,254

88,318

83,757

77,298

73,950

70,732

66,879

58,675

Provision for credit losses

1,000

2,705

2,550

3,000

750

-400

6,550

11,500

12,600

11,469

12,775

Net interest income after provision

124,221

111,711

101,103

94,254

87,568

84,157

70,748

62,450

58,132

55,410

45,900

Non-interest income:
Non-interest income

22,643

21,536

20,505

-

-

-

-

-

-

-

-

Mortgage banking income

3,090

2,568

3,221

3,897

3,488

2,653

3,978

5,771

3,049

-

-

Loss on sale of securities available for sale

0

0

-232

-

0

-

-

-

-

-

-

Treasury management

-

-

-

3,651

3,404

-

-

-

-

-

-

Bankcard transaction revenue

-

-

-

-

-

-

-

-

-

-

2,909

Gains on sales of mortgage loans held for sale

-

-

-

-

-

-

-

-

-

2,321

2,163

Loss on sales of securities available-for-sal eand 2013, repectively.

-

-

-

-

-

-

-5

-

-

159

-339

Investment product sales commissions and fees

-

-

-

2,145

1,994

2,060

2,159

2,593

2,219

2,136

1,749

Bank owned life insurance

1,031

1,129

1,159

871

889

927

1,031

1,006

1,019

995

988

Gain on acquisition

-

-

-

-

-

-

449

-

-

-

-

Other

-

-

-

1,910

1,263

1,747

1,739

2,308

1,046

2,955

2,855

Total non-interest income

49,790

45,346

44,499

43,537

39,950

39,155

39,002

38,457

33,244

33,739

30,036

Non-interest expenses:
Compensation

50,319

46,104

42,581

40,817

36,597

-

-

-

-

-

-

Employee benefits

11,038

10,098

9,987

8,368

8,112

44,687

41,145

37,960

33,125

33,485

30,147

Net occupancy and equipment

8,417

7,653

7,393

7,422

6,986

5,963

5,615

5,651

5,192

4,934

4,185

Technology and communication

9,591

8,897

7,957

7,619

6,891

6,393

6,319

5,278

5,014

4,834

4,479

Marketing and business development

3,627

3,099

2,716

2,464

2,579

-

-

-

-

-

-

Postage, printing and supplies

1,652

1,558

1,475

1,521

1,436

-

-

-

-

-

-

Legal and professional

3,014

2,614

2,393

1,869

1,832

-

-

-

-

-

-

Furniture and equipment

-

-

-

-

-

1,016

1,126

1,306

1,299

1,272

1,234

FDIC insurance

245

961

960

1,181

1,258

1,314

1,431

1,494

1,655

2,038

2,687

Acquisition costs

-

-

-

-

-

-

1,548

-

-

-

-

(Gain) Loss on other real estate owned

-

-

-

-

-

271

-652

-1,410

-1,716

11

-

Amortization/impairment of tax credit partnerships

1,078

1,237

7,124

4,458

634

1,095

-

-

-

-

-

Capital and deposit based taxes

3,870

3,325

3,440

2,800

2,413

-

-

-

-

-

-

Other

5,500

3,963

4,394

3,001

4,660

13,012

13,516

12,373

11,580

10,579

9,963

Total non-interest expenses

98,351

89,509

90,420

81,520

73,398

73,209

71,352

65,472

59,581

57,131

52,695

Income before income tax expense

75,660

67,548

55,182

56,271

54,120

50,103

38,398

35,435

31,795

32,018

23,241

Income tax expense

9,593

12,031

17,139

15,244

16,933

15,281

11,228

9,634

8,191

9,065

6,933

Net income

66,067

55,517

38,043

41,027

37,187

34,822

27,170

25,801

23,604

22,953

16,308

Net income per share, basic (in dollars per share)

2.92

2.45

1.69

1.84

1.68

1.59

1.91

1.86

1.71

1.68

1.20

Net income per share, diluted (in dollars per share)

2.89

2.42

1.66

1.80

1.65

1.57

1.89

1.85

1.71

1.67

1.19

Weighted average outstanding shares:
Basic (in shares)

22,598

22,619

22,532

22,356

22,088

-

-

-

-

-

-

Diluted (in shares)

22,865

22,944

22,983

22,792

22,459

-

-

-

-

-

-

Fiduciary and Trust [Member]
Non-interest income

22,643

21,536

20,505

19,155

18,026

18,212

16,287

14,278

13,841

13,260

11,180

Deposit Account [Member]
Non-interest income

5,513

5,759

6,172

6,253

6,010

8,883

8,986

8,516

8,348

8,600

8,531

Credit and Debit Card [Member]
Non-interest income

8,123

6,769

5,979

5,655

4,876

4,673

4,378

3,985

3,722

3,313

-

Treasury Management [Member]
Non-interest income

4,992

4,571

4,297

-

-

-

-

-

-

-

-

Investment Advisory, Management and Administrative Service [Member]
Non-interest income

1,498

1,677

1,629

-

-

-

-

-

-

-

-

Product and Service, Other [Member]
Non-interest income

2,900

1,337

1,769

-

-

-

-

-

-

-

-