Stock Yards Bancorp (SYBT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Stock Yards Bancorp

NasdaqGS•Financial Services•Banks - Regional

$79.10-1.98(-0.02%)Pre-market

Market Cap

$2.42B

P/E

16.2x

P/S

4.1x

P/B

1.9x

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 Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, credit card services, and other banking services. This segment also provides securities brokerage services through an arrangement with a third party broker-dealer. The WM&T segment engages in the provision of investment management, financial and retirement planning, and trust and estate services, as well as retirement plan management for businesses and corporations. The company was founded in 1904 and is headquartered in Louisville, Kentucky.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability20/25

Growth19/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality21/25

Strengths

Strong marginsRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.2x5y range 10.1x – 181.4x

Currently near its 18-quarter median.

P/S · 4.1x5y range 2.7x – 6.9x

Currently near its 20-quarter median.

P/B · 1.9x5y range 1.4x – 2.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Share Dilution

Watch

Shares outstanding rose 3.9% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $2.42B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $588.32M
Q. Revenue: $155.06M
TTM EBITDA: $205.96M
TTM Op. Income: $195.80M
Q. Op. Income: $50.77M
TTM Net Income: $149.51M
Q. Net Income: $40.06M
EPS: $1.32
Shares Out.: $30.44M

$588.32M in TTM revenue grew 9.4% YoY, reaching $155.06M last quarter. TTM EBITDA of $205.96M and TTM operating income of $195.80M show growth is flowing through to the bottom line. TTM net income of $149.51M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 73.9%
EBITDA Margin: 33.7%
Op. Margin: 32.7%
Net Margin: 25.8%

Op. margin of 32.7% is up 0.4% YoY — cost efficiency is improving. Net margin at 25.8% and gross margin of 73.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.2x
P/S Ratio: 4.1x
P/B Ratio: 1.9x

At 16.2x P/E, the stock trades within typical market levels. P/S of 4.1x and P/B of 1.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 11% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.37B
Cash: $842.83M
Long-Term Debt: $26.81M
Book Value: $1.25B
D/E Ratio: 0.0
Debt/EBITDA: 0.5

With $10.37B in assets and $26.81M in long-term debt, D/E is 0.0and book value is $1.25B — a conservative capital structure with a cushion to weather downturns. Across the last 7 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $57.99M
TTM Free Cash Flow: $147.33M
FCF Margin: 25.0%
FCF / Net Income: 1.0

TTM FCF of $147.33M on $57.99M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 5% — an improving trend.