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LOUISVILLE, Ky. (AP) _ Stock Yards Bancorp Inc. (SYBT) on Wednesday reported fourth-quarter profit of $29.8 million.
The bank, based in Louisville, Kentucky, said it had earnings of $1.01 per share. Earnings, adjusted for non-recurring gains, were $1 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The holding company for Stock Yards Bank & Trust Co. posted revenue of $98.3 million in the period. Its revenue net of interest expense was $88.4 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $85.5 million.
For the year, the company reported profit of $93 million, or $3.21 per share. Revenue was reported as $322.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SYBT">Zacks stock report on SYBT at https://www.zacks.com/ap/SYBT