WASHINGTON (dpa-AFX) - Stock Yards Bancorp Inc. (SYBT) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $33.271 million, or $1.13 per share. This compares with $25.887 million, or $0.88 per share, last year.
Analysts on average had expected the company to earn $0.99 per share. Analysts' estimates typically exclude special items.
Stock Yards Bancorp Inc. earnings at a glance (GAAP) :
-Earnings: $33.271 Mln. vs. $25.887 Mln. last year. -EPS: $1.13 vs. $0.88 last year.
For the first quarter, the company reported net interest income of $70.552 million, higher than $60.070 million, posted for the same period last year.
Total non-interest income slipped to $22.996 million from the prior year's $23.271 million.
Total deposits stood at $7.293 billion as against $6.609 billion a year ago.
Total loans and leases were $6.646 billion, compared with last year's $5.849 billion.
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