Stock Yards Bancorp Inc. (SYBT) has announced its financial results for the fourth quarter, showcasing a notable increase in earnings compared to the same quarter in the previous year, while also surpassing analysts' forecasts.
The corporation reported net earnings of $31.69 million, equivalent to $1.07 per share, contrasting with the $23.94 million, or $0.82 per share, it recorded last year. The consensus estimate among analysts had anticipated earnings of $0.99 per share. It is important to note that analysts' estimates generally do not take into account special items.
A summary of Stock Yards Bancorp Inc.'s earnings (in accordance with Generally Accepted Accounting Principles - GAAP) is as follows:
- Earnings: $31.69 million, compared to $23.94 million last year.
- Earnings Per Share (EPS): $1.07, compared to $0.82 last year.
