Yahoo Finance Stock Yards Bancorp Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Stock Yards Bancorp (NASDAQ:SYBT) Full Year 2023 Results
Key Financial Results
Revenue: US$324.5m (up 4.3% from FY 2022).
Net income: US$107.7m (up 16% from FY 2022).
Profit margin: 33% (up from 30% in FY 2022).
EPS: US$3.69 (up from US$3.24 in FY 2022).
SYBT Banking Performance Indicators
Net interest margin (NIM): 3.39% (up from 3.35% in FY 2022).
Cost-to-income ratio: 54.8% (up from 53.6% in FY 2022).
Non-performing loans: 0.33% (up from 0.29% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stock Yards Bancorp Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.1%.
Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Stock Yards Bancorp you should be aware of, and 1 of them is a bit concerning.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
