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Republic Bancorp, Inc.

Republic Bancorp, Inc.

NASDAQ•RBCAA
CEO: Mr. Steven E. Trager
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1998-07-22
Republic Bancorp, Inc. operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions. The company offers demand, money market accounts, savings, individual retirement accounts, time, brokered, and other certificates of deposit; and retail and commercial mortgage, construction and land development, consumer, aircraft, and marine loans. It also provides credit cards; title insurance and other financial products and services; and private banking, lockbox processing, remote deposit capture, business online banking, account reconciliation, automated clearing house processing, and internet and mobile banking services. In addition, it offers short-term and revolving credit facilities to mortgage bankers through mortgage warehouse lines of credit; mortgage banking; tax refund solutions, which facilitate the receipt and payment of federal and state tax refund products through third-party tax preparers and tax-preparation software providers; payments-related products and services to consumers through third party service providers; and consumer credit products. The company offers its services through full-services banking centers in Kentucky, Indiana, Florida, Ohio, and Tennessee. Republic Bancorp, Inc. was incorporated in 1974 and is headquartered in Louisville, Kentucky.
Contact Information
601 West Market Street, Louisville, KY, 40202, United States
502-584-3600
www.republicbank.com
Market Cap
$1.16B
P/E (TTM)
13.5
14.1
Dividend Yield
2.6%
52W High
$80.68
52W Low
$56.79
52W Range
42%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$103.24M-11.63%
4-Quarter Trend

EPS

$1.39+1.46%
4-Quarter Trend

FCF

$0.00-100.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Interest Income Rises Q3 Net Interest Income grew 8% to $77.0M, driven by NIM expansion to 4.65% from 4.49% year-over-year.
Provision Expense Significantly Decreases Q3 Provision for credit losses was a $2.0M net charge, a substantial decrease from the $5.7M charge recorded in Q3 2024.
Strong Capital Ratios Maintained Common Equity Tier 1 ratio stood at 16.98% for the Parent Company, well exceeding regulatory minimums.
Asset Quality Shows Improvement Total ACLL decreased to $80M (1.51% of loans) from $92M (1.69% of loans) at year-end 2024.

Risk Factors

High Credit Risk in RCS Republic Credit Solutions segment carries high credit risk; ACLL to loans ratio reached 17.59% due to subprime concentration.
TRS Contract Expiration Risk Largest TRS Tax Provider contract expired in October 2025, potentially impacting $6M in pre-tax income from ERA/RA volume.
Interest Rate Sensitivity Profile Dynamic models project asset sensitivity, but falling rates could pressure NIM if deposit betas cannot be lowered sufficiently.
Core System Conversion Risks Planned Q4 2025 core system conversion introduces operational risks, including potential technology disruptions and data loss.

Outlook

NIM Pressure from Rates Management expects future NIM to be dependent on managing deposit costs amid potential further Federal Funds Rate cuts.
Stricter Loan Pricing Strategy Traditional Banking continues stricter pricing across lending types, anticipating slower overall origination volume due to market conditions.
TRS Revenue Uncertainty Future TRS revenue is uncertain following the non-renewal of the largest Tax Provider contract, impacting expected ERA/RA volume.
Technology Cost Benefits Expected The Company anticipates realizing net benefits in technology costs following the successful transition to the new Core System in late 2025.

Peer Comparison

Revenue (TTM)

WaFd, Inc.WAFD
$1.25B
-12.7%
S&T Bancorp, Inc.STBA
$649.25M
+13.8%
ConnectOne Bancorp, Inc.CNOB
$599.94M
+11.9%

Gross Margin (Latest Quarter)

WaFd, Inc.WAFD
100.0%
+51.6 pp
Westamerica BancorporationWABC
94.6%
+1.7 pp
QCR Holdings, Inc.QCRH
75.7%
+21.9 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WAFD$2.39B10.67.5%6.8%
STBA$1.48B8.512.3%2.4%
QCRH$1.32B10.911.7%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.7%
Flat Growth
4Q Net Income CAGR
+16.1%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $103.24M-11.6%
    |
    EPS: $1.39+1.5%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $118.36M+3.2%
    |
    EPS: $1.62+24.6%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $161.36M+5.7%
    |
    EPS: $2.43+53.8%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 6, 2025|
    Revenue: $499.79M+18.6%
    |
    EPS: $5.21+13.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $116.82M+18.4%
    |
    EPS: $1.37+23.4%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $114.63M+17.7%
    |
    EPS: $1.30+22.6%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $152.71M+25.6%
    |
    EPS: $1.58+11.3%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 14, 2024|
    Revenue: $421.56M+33.3%
    |
    EPS: $4.61+0.4%
    Beat