Note 26 - Stock Yards Bancorp, Inc. (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets
	December 31,
(in thousands)	2024		2023
Assets
Cash on deposit with subsidiary bank	$	2,481	$	5,811
Investment in and receivable from subsidiaries		941,769		858,348
Other assets		23,608		21,209
Total assets	$	967,858	$	885,368
Liabilities and stockholders' equity
Other liabilities	$	27,382	$	27,265
Total stockholders’ equity		940,476		858,103
Total liabilities and stockholders’ equity	$	967,858	$	885,368

Condensed Income Statement [Table Text Block]

Condensed Statements of Income
	Years ended December 31,
(in thousands)	2024			2023			2022
Income - dividends and interest from subsidiaries	$	38,426		$	33,965		$	45,076
Other income		1			110			1
Less expenses		6,503			7,458			8,415
Income before income taxes and equity in undistributed net income of subsidiary		31,924			26,617			36,662
Income tax benefit		(3,323	)		(2,490	)		(3,780	)
Income before equity in undistributed net income of subsidiary		35,247			29,107			40,442
Equity in undistributed net income of subsidiary		79,292			78,641			52,852
Net income		114,539			107,748			93,294
Less income attributed to non-controlling interest		—			—			322
Net income available to stockholders	$	114,539		$	107,748		$	92,972
Comprehensive income (loss)	$	116,186		$	130,486		$	(14,624	)

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows
	Years ended December 31,
(in thousands)	2024			2023			2022
Operating activities
Net income available to stockholders	$	114,539		$	107,748		$	92,972
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		(79,292	)		(78,641	)		(52,852	)
Decrease (increase) in receivable from subsidiaries		—			2,971			6,812
Stock compensation expense		3,773			4,464			4,394
Excess tax benefits from stock- based compensation arrangements		(1,228	)		(644	)		(1,713	)
Loss on disposition of LFA		—			—			(870	)
Change in other assets		(2,399	)		(1,696	)		(4,610	)
Change in other liabilities		1,329			402			(400	)
Net cash provided by operating activities		36,722			34,604			43,733
Investing activities
Purchase of equity investment		—			(206	)		—
Proceeds from disposition of LFA		—			—			4,993
Cash for acquisition		—			—			(30,994	)
Net cash used in investing activities		—			(206	)		(26,001	)
Financing activities
Repurchase of common stock		(4,217	)		(2,695	)		(4,806	)
Subordinated debentures acquired		—			—			26,806
Cash disbursements to non-controlling interest		—			—			(322	)
Disposition of LFA		—			—			(915	)
Cash dividends paid		(35,835	)		(34,575	)		(33,301	)
Net cash used in financing activities		(40,052	)		(37,270	)		(12,538	)
Net increase (decrease) in cash		(3,330	)		(2,872	)		5,194
Cash at beginning of year		5,811			8,683			3,489
Cash at end of year	$	2,481		$	5,811		$	8,683