Stock Yards Bancorp(US:SYBT)2019-05-23 14:29Company Overview - Stock Yards Bancorp has $3.3 billion in assets as of March 31, 2019 [3] - The company's Wealth Management & Trust AUM was $2.9 billion as of March 31, 2019 [3] - The company has demonstrated over three decades of growth, with a compound annual growth rate in net income of 13% from 1988 to 2018 [7] Financial Performance - Net interest income for 2018 was $114.4 million [9] - Wealth management and trust income for 2018 was $21.5 million [9] - Net income for 2018 reached $55.5 million [9] - The company's return on average equity for 2018 was 16.0% [9] - The efficiency ratio for 2018 was 48.0% [15] - First quarter 2019 net interest income increased by 8.6% to $29.7 million compared to $27.3 million in first quarter 2018 [18] - First quarter 2019 net income increased by 16.7% to $15.6 million compared to $13.4 million in first quarter 2018 [18] Loan Portfolio and Growth - Total loans reached $2.548 billion in 2018, compared to $1.508 billion in 2010 [24] - Louisville accounted for 71% of total loans with $1.819 billion in 2018 [24] - The company's non-interest income represents 28% of total income, compared to a peer average of 19% [31]