Yahoo Finance Stock Yards Bancorp First Quarter 2024 Earnings: EPS Beats Expectations
Stock Yards Bancorp (NASDAQ:SYBT) First Quarter 2024 Results
Key Financial Results
Revenue: US$81.9m (flat on 1Q 2023).
Net income: US$25.9m (down 11% from 1Q 2023).
Profit margin: 32% (down from 35% in 1Q 2023).
EPS: US$0.89 (down from US$1.00 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stock Yards Bancorp EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 7.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Stock Yards Bancorp's balance sheet health.
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