Stock Yards Bancorp, Inc. SYBT Income Statement

Stock yards bancorp, inc. (SYBT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Loans and leases, including fees
33,749	34,330	35,022	33,419	31,571	31,590	30,359	29,456	27,062	26,090	25,410	24,364	24,060	23,806	23,436	22,563	21,993	21,420	20,924	20,612	20,415	20,309	20,429	19,787	19,359	19,941	20,233	19,480	19,049	20,171	19,874	19,473	19,880	19,706	19,868	19,875	19,600	20,285	19,715
Federal funds sold and interest bearing due from banks
531	804	566	830	733	503	373	163	268	532	388	276	134	96	95	111	189	79	65	51	68	77	73	63	79	80	63	72	80	104	82	62	72	88	72	49	46	41	19
Mortgage loans held for sale
61	61	41	43	37	45	42	44	35	46	48	53	44	52	66	59	60	69	67	74	39	46	54	43	31	42	57	56	64	127	98	56	63	88	46	34	63	97	53
Securities available for sale:
Taxable
2,466	2,486	2,239	2,546	2,568	2,703	2,055	2,105	2,138	2,192	2,003	2,056	2,114	2,126	2,047	2,123	2,155	2,181	1,936	1,969	2,034	2,059	1,845	1,824	1,837	1,711	1,626	1,392	1,370	1,348	1,379	1,453	1,477	1,363	1,319	1,260	1,232	1,271	1,376
Tax-exempt
75	87	105	130	147	163	192	236	241	260	271	277	281	288	298	306	303	290	292	294	291	287	291	296	298	295	288	293	272	284	259	319	320	324	311	348	347	324	285
Total interest income
36,882	37,768	37,973	36,968	35,056	35,004	33,021	32,004	29,744	29,120	28,120	27,026	26,633	26,368	25,942	25,162	24,700	24,039	23,284	23,000	22,847	22,778	22,692	22,013	21,604	22,069	22,267	21,293	20,835	22,034	21,692	21,363	21,812	21,569	21,616	21,566	21,288	22,018	21,448
Interest expense:
Deposits
3,962	4,526	5,316	5,652	5,066	4,718	3,972	2,674	2,077	1,738	1,593	1,481	1,163	1,027	941	979	996	928	900	938	973	1,002	1,065	1,114	1,140	1,178	1,209	1,285	1,339	1,514	1,725	1,881	2,046	2,260	2,520	2,654	2,671	3,210	3,394
Securities sold under agreements to repurchase
16	239	26	28	25	874	55	30	33	91	110	61	54	112	38	29	33	63	42	32	37	40	37	29	34	40	38	33	35	42	46	43	49	54	68	64	67	89	81
Federal funds purchased and other short-term borrowing
29	-	52	64	60	-	245	397	90	-	-	-	-	-	19	23	15	-	7	5	7	6	8	9	6	6	9	9	8	7	8	8	8	7	8	10	13	14	8
Long term debt
-	-	-	-	-	-	-	-	-	-	244	239	232	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank advances
429	486	509	424	221	232	228	229	235	-	-	-	-	-	184	181	187	-	254	224	216	219	219	206	196	230	221	219	217	1,389	345	364	363	367	368	364	361	622	556
Subordinated debentures
-	-	0	26	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	772	773	772	773	772	773	772	796	865	862	863	861	869	862
Total interest expense
4,436	5,075	5,903	6,194	5,372	5,092	4,500	3,330	2,435	2,069	1,947	1,781	1,449	1,293	1,182	1,212	1,231	1,217	1,203	1,199	1,233	1,267	1,329	1,358	1,376	2,226	2,250	2,318	2,372	3,724	2,897	3,068	3,262	3,553	3,826	3,955	3,973	4,804	4,901
Net interest income
32,446	32,693	32,070	30,774	29,684	29,912	28,521	28,674	27,309	27,051	26,173	25,245	25,184	25,075	24,760	23,950	23,469	22,822	22,081	21,801	21,614	21,511	21,363	20,655	20,228	19,843	20,017	18,975	18,463	18,310	18,795	18,295	18,550	18,016	17,790	17,611	17,315	17,214	16,547
Provision for credit losses
5,550	0	400	0	600	0	735	1,235	735	900	150	600	900	500	1,250	750	500	750	0	0	0	0	-2,100	1,350	350	1,575	1,325	1,325	2,325	2,475	2,475	2,475	4,075	3,100	4,100	2,600	2,800	2,695	2,384
Net interest income after provision
26,896	32,693	31,670	30,774	29,084	29,912	27,786	27,439	26,574	26,151	26,023	24,645	24,284	24,575	23,510	23,200	22,969	22,072	22,081	21,801	21,614	21,511	23,463	19,305	19,878	18,268	18,692	17,650	16,138	15,835	16,320	15,820	14,475	14,916	13,690	15,011	14,515	14,519	14,163
Non-interest income:
Non-interest income
6,218	5,804	5,738	5,662	5,439	5,312	5,380	5,344	5,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income
846	1,010	834	796	450	534	712	746	576	841	781	897	702	1,001	1,072	1,030	794	975	772	913	828	702	641	722	588	608	995	1,195	1,180	-	-	-	-	-	-	-	-	-	-
Gain on call of securities
-	-	-	-	-	-	-	-	-	-	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on call of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bankcard transaction revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	877	837	863
Gains on sales of mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,277	866	739	-	574	441	382	601	445
Loss on sales of securities available-for-sal eand 2013, repectively.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	-	-	-	-5	-	-	-	-	-	-	-	-	-	159	-
Investment product sales commissions and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	606	558	538	443	449	585	499	461	554	539	462	505	466	456	622	615	749	651	652	541	606	570	530	513	525	503
Bank owned life insurance
179	182	487	184	178	565	186	191	187	-	204	-	-	214	216	220	221	219	222	226	222	228	229	234	236	260	260	259	252	263	226	260	257	258	257	255	249	251	248
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	449	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	153	713	488	556	-98	468	485	408	423	463	461	400	518	489	398	334	-570	980	700	1,198	254	-2	271	523	594	445
Total non-interest income
12,536	13,215	13,304	12,263	11,008	11,576	11,426	11,435	10,909	11,385	10,945	11,525	10,644	11,319	11,358	10,778	10,082	10,073	9,985	10,219	9,673	9,773	9,850	10,057	9,475	9,811	9,652	10,311	9,228	10,127	9,795	9,290	9,245	9,229	7,858	8,152	8,005	8,262	7,923
Non-interest expenses:
Compensation
12,233	13,473	12,330	12,715	11,801	11,824	11,607	11,703	10,970	10,732	10,614	10,566	10,669	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee benefits
3,167	2,667	2,908	2,908	2,555	2,452	2,501	2,512	2,633	2,595	2,368	2,282	2,742	-27,846	12,048	11,971	12,195	-25,704	11,333	11,383	11,100	10,990	11,855	10,724	11,118	10,959	10,508	10,021	9,657	9,771	9,711	9,426	9,052	8,549	7,528	8,648	8,400	8,197	8,319
Net occupancy and equipment
1,881	2,393	2,199	1,976	1,849	2,110	1,914	1,811	1,818	1,767	1,937	1,782	1,907	2,706	1,646	1,546	1,524	2,549	1,518	1,450	1,469	1,532	1,422	1,453	1,556	1,427	1,522	1,435	1,231	1,453	1,365	1,464	1,369	1,291	1,314	1,357	1,230	1,136	1,296
Technology and communication
2,013	4,129	1,841	1,848	1,773	3,987	1,595	1,685	1,630	2,084	1,905	2,120	1,848	2,447	1,747	1,881	1,544	2,109	1,572	1,756	1,454	1,524	1,591	1,718	1,560	1,624	1,520	1,819	1,356	1,147	1,296	1,522	1,313	1,248	1,283	1,346	1,137	1,119	1,322
Debit and credit card processing
656	-	662	631	587	-	588	579	566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing and business development
560	1,367	732	903	625	908	740	805	646	973	611	687	445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Postage, printing and supplies
441	434	402	410	406	397	370	400	391	367	355	382	371	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal and professional
623	433	524	1,523	534	1,116	501	504	493	751	571	642	429	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Furniture and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	277	291	285	-	282	260	247	220	269	259	268	280	269	286	291	341	347	326	292	301	306	337	355	316	321
FDIC insurance
129	-241	0	248	238	243	238	238	242	244	242	244	230	146	356	351	328	326	318	317	297	282	340	350	342	376	348	357	350	399	398	346	351	356	339	339	621	498	531
Acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,548	-	-	-	-	-	-	-	-	-	-	-
(Gain) Loss on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-71	-7	6	343	-286	-475	74	35	-	-	-	-	-	-	-	-	-	-
Amortization/impairment of tax credit partnerships
36	837	137	52	52	-	0	58	-	5,277	616	615	616	1,412	1,015	1,016	1,015	159	158	159	158	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital and deposit based taxes
1,030	1,006	993	967	904	873	738	862	852	1,178	732	766	764	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
1,181	1,700	1,229	1,283	1,288	1,209	989	979	786	1,080	1,217	1,123	974	-6,214	3,429	3,137	2,649	-5,185	3,249	3,542	3,054	3,541	3,225	3,203	3,043	4,428	2,929	3,430	2,729	2,662	3,928	3,424	2,359	3,266	2,532	2,698	3,084	2,643	2,592
Total non-interest expenses
23,950	26,318	23,957	25,464	22,612	24,565	21,781	22,136	21,027	27,048	21,168	21,209	20,995	21,269	20,518	20,193	19,540	18,322	18,430	18,867	17,779	19,255	18,709	17,701	17,544	19,380	17,571	18,822	15,579	17,183	17,045	16,508	14,736	16,727	13,302	14,725	14,827	13,909	14,381
Income before income tax expense
15,482	19,590	21,017	17,573	17,480	16,923	17,431	16,738	16,456	10,488	15,800	14,961	13,933	14,625	14,350	13,785	13,511	13,823	13,636	13,153	13,508	12,029	14,604	11,661	11,809	8,699	10,773	9,139	9,787	8,779	9,070	8,602	8,984	7,418	8,246	8,438	7,693	8,872	7,705
Income tax expense
2,250	2,941	3,783	1,030	1,839	2,265	3,555	3,159	3,052	5,542	4,096	4,359	3,142	4,009	3,883	3,676	3,676	4,177	4,352	4,151	4,253	3,307	4,715	3,627	3,632	2,386	3,091	2,732	3,019	2,265	2,388	2,499	2,482	1,076	2,472	2,441	2,202	2,507	2,149
Net income
13,232	16,649	17,234	16,543	15,641	14,658	13,876	13,579	13,404	4,946	11,704	10,602	10,791	10,616	10,467	10,109	9,835	9,646	9,284	9,002	9,255	8,722	9,889	8,034	8,177	6,313	7,682	6,407	6,768	6,514	6,682	6,103	6,502	6,342	5,774	5,997	5,491	6,365	5,556
Net income per share, basic (in dollars per share)
0.59	0.74	0.76	0.73	0.69	0.65	0.61	0.60	0.59	0.22	0.52	0.47	0.48	0.48	0.47	0.45	0.44	0.22	0.42	0.41	0.63	-0.20	0.68	0.55	0.56	0.44	0.53	0.45	0.49	0.47	0.48	0.44	0.47	0.46	0.42	0.43	0.40	0.46	0.41
Net income per share, diluted (in dollars per share)
0.58	0.73	0.76	0.72	0.68	0.65	0.60	0.59	0.58	0.22	0.51	0.46	0.47	0.45	0.46	0.45	0.44	0.22	0.41	0.40	0.62	-0.21	0.67	0.55	0.56	0.42	0.53	0.45	0.49	0.46	0.48	0.44	0.47	0.46	0.42	0.43	0.40	0.46	0.40
Weighted average outstanding shares:
Basic (in shares)
22,516	22,492	22,550	22,689	22,661	22,638	22,636	22,625	22,577	22,556	22,542	22,538	22,492	22,449	22,385	22,336	22,254	29,509	22,131	22,065	14,647	-	14,574	14,545	14,506	-	14,408	14,203	13,814	-	13,883	13,874	13,844	-	13,799	13,789	13,747	13,701	13,690
Diluted (in shares)
22,736	22,755	22,810	22,949	22,946	22,910	22,968	22,967	22,931	22,970	22,964	22,996	23,002	23,069	22,803	22,704	22,592	30,101	22,479	22,404	14,852	-	14,748	14,704	14,701	-	14,556	14,243	13,851	-	13,966	13,941	13,890	-	13,838	13,879	13,837	13,807	13,790
Fiduciary and Trust [Member]
Non-interest income
6,218	5,804	5,738	5,662	5,439	5,312	5,380	5,344	5,500	5,233	5,025	5,153	5,094	4,936	4,800	4,807	4,612	4,450	4,373	4,651	4,552	4,387	4,502	4,755	4,568	4,255	4,017	4,129	3,886	3,603	3,515	3,670	3,490	3,296	3,347	3,661	3,537	3,045	3,232
Deposit Account [Member]
Non-interest income
1,283	1,555	1,444	1,336	1,178	1,419	1,482	1,447	1,411	1,523	1,568	1,516	1,565	-699	2,544	2,262	2,146	-611	2,342	2,199	2,080	2,263	2,294	2,223	2,103	2,394	2,348	2,244	2,000	2,175	2,161	2,125	2,055	2,223	2,167	2,034	1,924	2,250	2,187
Credit and Debit Card [Member]
Non-interest income
1,980	2,109	2,102	2,168	1,744	1,813	1,759	1,689	1,508	1,567	1,492	1,514	1,406	1,457	1,455	1,433	1,310	1,285	1,223	1,246	1,122	1,207	1,182	1,209	1,075	1,310	1,087	1,020	961	1,018	985	1,017	965	-	945	960	-	-	-
Treasury Management [Member]
Non-interest income
1,284	1,369	1,264	1,202	1,157	1,260	1,151	1,113	1,047	1,176	1,083	1,082	956	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Advisory, Management and Administrative Service [Member]
Non-interest income
466	378	400	364	356	432	444	397	404	482	404	357	386	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Life Insurance Product Line [Member]
Non-interest income
-	-	-	-	-	-	-	-	-	-	-	556	204	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other [Member]
Non-interest income
280	808	1,035	551	506	241	312	508	276	631	357	450	331	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-