Stock Yards Bancorp(SYBT) ZACKS·2024-10-23 14:35Core Insights - Stock Yards Bancorp (SYBT) reported revenue of $89.86 million for the quarter ended September 2024, reflecting a year-over-year increase of 6.6% [1] - Earnings per share (EPS) for the quarter was $1.00, up from $0.92 in the same quarter last year, exceeding the consensus estimate of $0.93 [1] - The revenue surpassed the Zacks Consensus Estimate of $87.57 million, resulting in a surprise of +2.62% [1] Financial Performance Metrics - Efficiency Ratio was reported at 53.9%, better than the two-analyst average estimate of 57.4% [2] - Net Interest Margin stood at 3.3%, matching the two-analyst average estimate [2] - Total non-interest income reached $24.80 million, exceeding the average estimate of $23.90 million based on two analysts [2] Stock Performance - Shares of Stock Yards have returned +4.6% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]