SYBT

MKT CAP:$2B

Stock Yards Bancorp, Inc.

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$70.66+$5.46 (+8.37%)

Apr 22, 2026

Company Details

Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Ba...

CEO

James A. Hillebrand

IPO Date

Mar 24, 1993

Website

www.syb.com

Key Metrics TTM

Revenue

$571M

+10.8% YoY

Net Income

$143M

EPS (Diluted)

$4.86

Free Cash Flow

$154M

Revenue / Share

$19.34

Gross Margin

69.6%

Operating Margin

32.0%

Net Margin

25.1%

FCF Margin

27.0%

P/S

3.6x

P/E

14.5x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$142M+7.5%EPS $1.24

FY 2025

Feb 26, 2026

$565M+12.7%EPS $4.75

Q4 2025

Feb 26, 2026

$146M+10.8%EPS $1.24

Q3 2025

Nov 5, 2025

$143M+10.9%EPS $1.23

Q2 2025

Aug 5, 2025

$139M+14.1%EPS $1.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$79M	$77M	$34M
Q3 22	$88M	$78M	$38M
Q4 22	$96M	$82M	$39M
Q1 23	$100M	$81M	$37M
Q2 23	$104M	$80M	$36M
Q3 23	$110M	$79M	$35M
Q4 23	$118M	$79M	$30M
Q1 24	$118M	$80M	$33M
Q2 24	$122M	$83M	$35M
Q3 24	$129M	$84M	$37M
Q4 24	$132M	$89M	$39M
Q1 25	$132M	$91M	$42M
Q2 25	$139M	$96M	$43M
Q3 25	$143M	$98M	$46M
Q4 25	$146M	$103M	$48M
Q1 26	$142M	$101M	$46M

Valuation

Quarter	P/S	P/E
Q2 22	6.3x	21.0x
Q3 22	6.7x	22.9x
Q4 22	5.5x	19.6x
Q1 23	4.4x	14.0x
Q2 23	3.5x	11.7x
Q3 23	2.8x	10.0x
Q4 23	3.4x	13.5x
Q1 24	3.1x	13.4x
Q2 24	3.1x	13.8x
Q3 24	3.7x	17.0x
Q4 24	4.2x	18.4x
Q1 25	3.9x	16.6x
Q2 25	4.4x	18.1x
Q3 25	3.7x	15.0x
Q4 25	3.5x	14.0x
Q1 26	3.4x	13.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$4M	$3M
Q2 22	$18M	$6M
Q3 22	$49M	$48M
Q4 22	$38M	$34M
Q1 23	$10M	$8M
Q2 23	$34M	$32M
Q3 23	$33M	$30M
Q4 23	$30M	$28M
Q1 24	$17M	$16M
Q2 24	$51M	$48M
Q3 24	$55M	$54M
Q4 24	$19M	$16M
Q1 25	$20M	$18M
Q2 25	$56M	$53M
Q3 25	$38M	$35M
Q4 25	$52M	$48M

Capital Expenditures

Quarter	CapEx
Q1 22	$946.0K
Q2 22	$13M
Q3 22	$2M
Q4 22	$3M
Q1 23	$2M
Q2 23	$2M
Q3 23	$2M
Q4 23	$2M
Q1 24	$2M
Q2 24	$3M
Q3 24	$1M
Q4 24	$3M
Q1 25	$2M
Q2 25	$2M
Q3 25	$3M
Q4 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+37.1%	-15.0%
Q3 22	+39.1%	+52.0%
Q4 22	+47.5%	+72.8%
Q1 23	+47.5%	+7.6%
Q2 23	+31.6%	+53.1%
Q3 23	+25.2%	+49.7%
Q4 23	+23.6%	+55.3%
Q1 24	+18.0%	+35.3%
Q2 24	+16.9%	+26.2%
Q3 24	+17.2%	+22.0%
Q4 24	+11.8%	+5.9%
Q1 25	+12.1%	+6.6%
Q2 25	+14.1%	+11.0%
Q3 25	+10.9%	+5.9%
Q4 25	+10.8%	+5.9%
Q1 26	+7.5%	+5.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$991.0K	1.5%
Q2 22	$1M	1.3%
Q3 22	$1M	1.4%
Q4 22	$1M	1.2%
Q1 23	$1M	1.2%
Q2 23	$1M	1.0%
Q3 23	$1M	0.9%
Q4 23	$1M	1.1%
Q1 24	$942.0K	0.8%
Q2 24	$1M	0.8%
Q3 24	$922.0K	0.7%
Q4 24	$901.0K	0.7%
Q1 25	$1M	0.9%
Q2 25	$1M	0.8%
Q3 25	$1M	0.8%
Q4 25	$1M	0.7%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$27M	$1M
Q3 22	$28M	$1M
Q4 22	$28M	$2M
Q1 23	$28M	$1M
Q2 23	$28M	$2M
Q3 23	$29M	$1M
Q4 23	$29M	$2M
Q1 24	$31M	$1M
Q2 24	$31M	$2M
Q3 24	$31M	$1M
Q4 24	$32M	$3M
Q1 25	$33M	$2M
Q2 25	$27M	$2M
Q3 25	$35M	$2M
Q4 25	$29M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$88M	$1.1B	$1.2B
Q3 22	$94M	$1.1B	$1.2B
Q4 22	$83M	$1.1B	$1.2B
Q1 23	$88M	$1.1B	$1.2B
Q2 23	$111M	$1.1B	$1.2B
Q3 23	$80M	$1.0B	$1.1B
Q4 23	$94M	$1.0B	$1.1B
Q1 24	$72M	$994M	$1.1B
Q2 24	$85M	$962M	$1.0B
Q3 24	$109M	$862M	$971M
Q4 24	$79M	$990M	$1.1B
Q1 25	$110M	$843M	$953M
Q2 25	$98M	$1.0B	$1.1B
Q3 25	$84M	$738M	$822M
Q4 25	$70M	$816M	$886M
Q1 26	$320	$6M	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	29M	+6.8%	+20.4%
Q3 22	29M	+0.2%	+10.0%
Q4 22	29M	+0.1%	+9.8%
Q1 23	29M	-0.2%	+6.8%
Q2 23	29M	-0.1%	-0.0%
Q3 23	29M	-0.0%	-0.2%
Q4 23	29M	-0.0%	-0.3%
Q1 24	29M	+0.1%	-0.0%
Q2 24	29M	+0.1%	+0.1%
Q3 24	29M	+0.2%	+0.4%
Q4 24	29M	+0.2%	+0.6%
Q1 25	30M	+0.0%	+0.5%
Q2 25	30M	+0.0%	+0.4%
Q3 25	30M	+0.1%	+0.3%
Q4 25	29M	-0.1%	+0.0%
Q1 26	30M	+0.0%	+0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$96.8K	820
Q3 22	$107.0K	820
Q4 22	$91.9K	1K
Q1 23	$96.2K	1K
Q2 23	$100.4K	1K
Q3 23	$105.7K	1K
Q4 23	$109.8K	1K
Q1 24	$109.8K	1K
Q2 24	$113.6K	1K
Q3 24	$119.8K	1K
Q4 24	$122.2K	1K
Q1 25	$122.5K	1K
Q2 25	$129.0K	1K
Q3 25	$132.2K	1K
Q4 25	$130.3K	1K
Q1 26	$126.7K	1K

Revenue / Employee