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SYBT (Stock Yards Bancorp) Intangible Assets : $223.1 Mil (As of Sep. 2024)


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What is Stock Yards Bancorp Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Stock Yards Bancorp's intangible assets for the quarter that ended in Sep. 2024 was $223.1 Mil.


Stock Yards Bancorp Intangible Assets Historical Data

The historical data trend for Stock Yards Bancorp's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Stock Yards Bancorp Intangible Assets Chart

Stock Yards Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.17 17.19 145.95 234.28 227.46

Stock Yards Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 229.10 227.46 225.87 224.47 223.13

Stock Yards Bancorp Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.


Stock Yards Bancorp  (NAS:SYBT) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.


Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.


Stock Yards Bancorp Intangible Assets Related Terms

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Stock Yards Bancorp Business Description

Traded in Other Exchanges
Address
1040 East Main Street, Louisville, KY, USA, 40206
Stock Yards Bancorp Inc operates as a bank. The bank has two reportable operating segments namely Commercial Banking and Wealth Management and trust. Its services include loan and deposit services, cash management services, securities brokerage activities, mortgage origination, and others. It generates a majority of its revenue from the Commercial Banking segment.
Executives
David P Heintzman director, officer: President PO BOX 32890, LOUISVILLE KY 40232-2890
Philip Poindexter officer: Executive Vice President 320 MOCKINGBIRD HILL ROAD, LOUISVILLE KY 40207
Michael Rehm officer: Executive Vice President PO BOX 32890, LOUISVILLE KY 40232
Michael Croce officer: Executive Vice President PO BOX 32890, LOUISVILLE KY 40232-2890
William Dishman officer: Executive Vice President PO BOX 32890, LOUISVILLE KY 40232-2890
Richard A Lechleiter director PO BOX 32890, LOUISVILLE KY 40232-2890
James A Hillebrand officer: Executive Vice President 13308 LONGWOOD LANE, GOSHEN KY 40026
Shannon Bishop Arvin director PO BOX 157, PARIS KY 40362-0157
Kathy C Thompson director, officer: Executive Vice President PO BOX 32890, LOUISVILLE KY 40232-2890
Allison Donovan director PO BOX 32890, LOUISVILLE KY 40232
John Schutte director 9707 SHELBYVILLE ROAD, LOUISVILLE KY 40233
Carl G Herde director 8210 LIMEHOUSE LANE, LOUISVILLE KY 40220
Laura L Wells director PO BOX 32890, LOUISVILLE KY 40232
Bickel Paul J Iii director PO BOX 32890, LOUISVILLE KY 40232
Stephen M Priebe director PO BOX 32890, LOUISVILLE KY 40232-2890