Trade Stock Yards Bancorp Inc - SYBT CFD

About Stock Yards Bancorp Inc

Stock Yards Bancorp, Inc. is a financial holding company, which is engaged in the business of banking through its wholly owned subsidiaries, Stock Yards Bank & Trust Company (the Bank) and SYB Insurance Company, Inc. The Bank is a state-chartered non-member financial institution that provides services in the Louisville, central, eastern and northern Kentucky, Indianapolis, Indiana and Cincinnati, Ohio metropolitan statistical areas through over 78 full-service banking center locations. It operates through two segments. Commercial Banking segment provides a range of loan and deposit products to individual consumers and businesses through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, treasury management services, merchant services, international banking, correspondent banking and other banking services. WM&T segment provides investment management, financial and retirement planning, and trust and estate services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Stock Yards Bancorp Inc interest income increased 20% to $177.1M. Net interest income after loan loss provision increased 44% to $171.8M. Net income increased 27% to $74.6M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Dividend per share decreased from $1.35 to $1.10.

Equity composition

Common Stock no Par, 3/11, 20M auth., 13,738,076 issd. Insiders control 7.05%. PO: NA. 9/93 & 9/94 10% stock dividends; 9/03, 3/99 & 3/96, 2-for-1 stock splits. 7/05, Co. delisted from AMEX to Nasdaq. 05/06, 5% stock dividend.