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Stock Yards Bancorp, Inc.

SYBT Financial Banks Regional

Stock Yards Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $564.5 million, up 11.1% from fiscal 2024.

Revenue
+11.9%
EPS
+14.6%
Free cash flow
+135.0%
Total debt
−15.3%

Quarter to September 2026, against a year earlier

79.38 2.15 −2.64%
Market cap
$2.5B
P/E
15.2×
Fwd P/E
14.8×
Dividend yield
1.63%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.69
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — 1 — 1 — —
Insider Ownership 7.09%

Capital & Financial Ratios $m

Size
Market Cap 2,460.00
Revenue ttm 605.59
Net income ttm 156.77
Free cash flow ttm 204.97
Net debt Q (396.59)
Valuation
P/E 15.18
Forward P/E 14.80
Price / sales 4.06
Forward P/S Powerpack
Price / FCF 12.73
Price / book 1.94
Financial health
Current ratio Q 1.01
Debt / equity Q 0.22
Interest coverage Q —
Growth
Revenue growth Q +11.93% (above 0%: growing)
Operating income growth Q +23.53% (above 0%: growing)
EPS, this year +11.65%
EPS, next year A +10.09%
Revenue, next year A −18.52% (below 0%: weak)
EPS, past 5 yrs +12.90%
EPS, next 5 yrs A +9.23%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 37.84%
10-year low 10-year high
P/S against its own 10 years 28.90%
10-year low 10-year high
P/B against its own 10 years 28.53%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.63%
Annual rate
1.29
Payout ratio
24.9%
Growth, 2017–25
+5.84%/yr
  1. 0.80 ’17
  2. 0.96 ’18 +20
  3. 1.04 ’19 +8
  4. 1.08 ’20 +4
  5. 1.10 ’21 +2
  6. 1.14 ’22 +4
  7. 1.18 ’23 +4
  8. 1.22 ’24 +3
  9. 1.26 ’25 +3
  10. 1.30 ’26e +3
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 266 291 886 673
Receivables — — — —
Inventory — — — —
Other — — — —
5,991 6,758 7,871 —
2023 2024 2025 Q'26
Payables 6,671 7,166 7,791 8,390
ST’ Debt — — — —
Other — — — —
6,839 7,338 7,913 —

Compound Annual Growth %

10y 5y 3y
Sales 15.54% 23.09% 18.32%
Cash Flow 14.42% 16.58% 15.15%
Earnings 14.19% 18.94% 14.66%
Book Value 14.14% 19.54% 12.26%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.34 Actual 1.40

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.20 1.24 Beat by 0.04
Q1 FY26 1.17 1.24 Beat by 0.07
Q2 FY26 1.17 1.31 Beat by 0.14
Q3 FY26 1.34 1.40 Beat by 0.06
Q4 FY26 1.36 — Reports 26 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.24 1.31 1.40 — —
’25 1.13 1.15 1.23 1.24 4.75
’24 0.88 0.94 1.00 1.07 3.89
’23 0.99 0.94 0.92 0.82 3.67
’22 0.29 0.91 0.97 1.01 3.21
’21 0.99 0.17 0.86 0.92 2.97
’20 0.59 0.59 0.64 0.78 2.59
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 142 155 162 — —
’25 134 139 145 146 565
’24 120 124 131 134 508
’23 102 106 112 120 439
’22 69 81 92 98 341
’21 53 59 65 66 243
’20 49 49 49 52 200
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 12 58 83 — —
’25 20 56 38 52 166
’24 17 51 55 19 143
’23 10 34 33 30 107
’22 4 18 49 38 109
’21 27 20 16 39 102
’20 13 16 9 39 77
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 11 55 83 — —
’25 18 54 35 48 155
’24 16 48 54 16 133
’23 8 33 32 28 101
’22 3 6 61 46 115
’21 27 19 14 38 98
’20 12 15 8 38 73
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 145 155 175 197 200 243 341 439 508 565 606 +16.3% 460 501 532 (1.9%)
Gross margin, % 96.61 95.34 91.22 88.57 94.02 97.53 94.64 77.36 69.33 70.37 73.02 (26.2) pt
EBT 56 55 68 76 68 95 120 138 144 178 200 +13.7%
EBT margin, % 38.77 35.51 38.60 38.34 33.91 39.27 35.35 31.42 28.41 31.56 33.03 (7.2) pt
Net income 41 38 56 66 59 75 93 108 115 140 157 +14.6%
Per share, $
Per share, $ Revenue 6.49 6.90 7.74 8.73 8.85 9.76 11.89 15.03 17.35 19.23 19.56 +12.8%
Earnings 1.84 1.69 2.45 2.92 2.61 3.00 3.24 3.69 3.91 4.77 5.23 +11.2%
Cash flow 2.83 2.38 2.91 2.59 3.42 4.10 3.79 3.65 4.88 5.65 6.62 +8.0%
Capex (0.28) (0.12) (0.30) (0.10) (0.19) (0.18) 0.22 (0.21) (0.33) (0.39) 0.00 +3.6%
Free cash flow 2.55 2.26 2.61 2.49 3.23 3.92 4.01 3.45 4.55 5.27 6.62 +8.4%
Book value 14.04 14.81 16.20 17.98 19.53 27.15 26.52 29.38 32.11 36.63 40.94 +11.2%
Shares, m 22 23 23 23 23 25 29 29 29 29 30 +3.1%
Valuation, ×
Valuation, × P/E 25.77 22.43 13.39 14.06 15.51 21.51 19.77 14.14 18.31 13.62 15.18 17.8
P/S 7.26 5.50 4.24 4.70 4.57 6.55 5.34 3.48 4.13 3.38 4.06 4.9
P/B 3.36 2.56 2.02 2.28 2.07 2.35 2.39 1.78 2.23 1.77 1.94 2.3
EV/Sales 7.28 4.92 3.38 3.84 3.14 2.66 5.07 3.39 4.20 2.39 — 4.0
EV/FCF 18.55 15.02 10.01 13.48 8.60 6.62 15.02 14.79 16.01 8.71 — 12.7
Cash, $m
Cash, $m Operating cash flow 63 54 66 58 77 102 109 107 143 166 205 +11.3%
Capex (6) (3) (7) (2) (4) (5) 6 (6) (10) (11) (12) +6.8%
Free cash flow 57 51 59 56 73 98 115 101 133 155 205 +11.7%
Balance, $m
Balance, $m Working capital (296) (275) (110) (92) (215) (775) (1,210) (848) (579) (42) 58 (19.6%)
Net debt 3 (90) (151) (170) (286) (947) (91) (39) 36 (560) (397) n/m
Shareholders’ equity 314 334 367 406 441 676 760 858 940 1,076 1,267 +14.7%
Returns, %
Returns, % ROA 1.40 1.21 1.70 1.88 1.41 1.33 1.31 1.38 1.34 1.52 1.60 +0.1 pt
ROIC 11.10 14.14 19.57 20.34 27.42 0.00 13.07 10.53 9.24 21.58 0.00 +10.5 pt
ROE 13.67 11.75 15.86 17.10 13.90 13.37 12.95 13.31 12.74 13.90 13.58 +0.2 pt
People
People Employees 578 580 591 615 641 820 1,040 1,075 1,080 1,123 — +7.7%
Revenue/emp, $m 0.25 0.27 0.30 0.32 0.31 0.30 0.33 0.41 0.47 0.50 — +8.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Stock Yards Bancorp, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TRMK Trustmark Corporation $2.6B 11.1× 11.0× +0.24% (above 0%: growing) +6.55% (above 0%: growing) +48.33% (above 0%: growing) 74.14% 0.00% Compare
BBT Beacon Financial Corporation $2.6B 11.4× 10.9× +42.19% (above 0%: growing) n/m +88.09% (above 0%: growing) 68.68% 0.00% Compare
FRME First Merchants Corporation $2.6B 12.7× 12.5× +12.85% (above 0%: growing) +11.22% (above 0%: growing) −10.46% (below 0%: shrinking) 65.93% 0.00% Compare
BANR Banner Corporation $2.6B 11.8× 11.7× +1.50% (above 0%: growing) −11.61% (below 0%: shrinking) −40.58% (below 0%: shrinking) 77.09% 0.00% Compare
SYBT Stock Yards Bancorp, Inc. $2.5B 15.2× 14.8× +11.93% (above 0%: growing) +14.63% (above 0%: growing) +134.96% (above 0%: growing) 74.21% 0.00%
MBIN Merchants Bancorp $2.4B 8.3× 8.4× +13.68% (above 0%: growing) +136.04% (above 0%: growing) +267.73% (above 0%: growing) 57.39% 0.00% Compare
BUSE First Busey Corporation $2.3B 11.7× 11.5× −4.46% (below 0%: shrinking) +6.90% (above 0%: growing) +29.75% (above 0%: growing) 70.90% 0.00% Compare
NWBI Northwest Bancshares, Inc. $2.2B 11.1× 10.9× +8.47% (above 0%: growing) +1,650.00% (above 0%: growing) +538.73% (above 0%: growing) 75.12% 0.00% Compare
BBAR BBVA Banco Frances S.A. $2.2B 7.9× — +0.73% (above 0%: growing) +83.33% (above 0%: growing) −107.66% (below 0%: shrinking) 67.81% 0.00% Compare
Median of peers $2.5B 11.3× 11.0× +4.99% +11.22% +39.04% 69.79% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 12 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.38m 2.81m 177.74
2024 2.53m 3.97m 192.57
2023 1.56m 1.20m 135.38
2022 1.96m 2.31m 166.82
2021 1.55m 3.36m 160.96

Ownership

Directors and executive officers, together 3.10%
BlackRock, Inc. 6.50%
The Vanguard Group, Inc. 6.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Stock Yards Bancorp, Inc. (SYBT) Latest News

28 Oct

Impact 3 · · StockStory
Impact 3 · · Associated Press
Impact 3 · · Zacks
Impact 3 · · Zacks

26 Oct

Impact 3 · · StockStory

22 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

17 Oct

Impact 3 · · Simply Wall St.

16 Oct

Impact 3 · · StockStory

12 Oct

Impact 3 · · StockStory

29 Jul

Impact 3 ·
Impact 3 ·
Impact 3 ·

20 Jul

Impact 3 ·

1 May

Impact 4 · · GlobeNewswire

22 Apr

Impact 4 · · Zacks
Impact 4 · · GlobeNewswire

3 Apr

Impact 3 · · Simply Wall St.

31 Mar

Impact 4 · · StockStory

4 Feb

Impact 3 · · StockStory

2 Feb

Impact 3 · · StockStory

31 Jan

Impact 4 · · MarketBeat
Impact 3 · · Simply Wall St.

30 Jan

Impact 3 · · The Motley Fool

28 Jan

Impact 3 · · Simply Wall St.

27 Jan

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 4 · · Associated Press FinanceAssociated Press FinanceMT NewswiresAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance
Impact 4 · · GlobeNewswire
Impact 4 · · GlobeNewswire

SYBT metrics, ten years each

stockrow.com/SYBT · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com