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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 five segments: Traditional Banking, Warehouse Lending, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions. The company offers retail mortgage, commercial and industrial, CRE and multi-family, construction and land development, consumer, and aircraft loans; service charges on consumer and commercial deposit accounts, mortgage banking income, debit and credit card interchange fee income, title insurance commissions, and swap fee incomes; private banking; and lockbox processing, remote deposit capture, business online banking, account reconciliation, and automated clearing house processing services; internet banking services and products through its website; mobile banking; and other banking services. In addition, it offers short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; 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; prepaid and debit solutions, such as issuing of payroll, general purpose reloadable cards, issuing of demand deposit accounts, savings accounts and/or debit cards; and consumer credit products; 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $411M | - | $131M | $161M | 11.9% | 8.5% | 29.5% |
| 2024 | $379M | - | $101M | $143M | 10.2% | 7.0% | 12.2% |
| 2023 | $354M | - | $90M | $102M | 9.9% | 14.8% | -0.8% |
| 2022 | $309M | - | $91M | $151M | 10.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 308.73 | 354.27 | 378.96 | 411.12 |
| Pretax Income | 116.84 | 113.21 | 127.70 | 165.71 |
| Tax Provision | 25.74 | 22.84 | 26.33 | 34.39 |
| Net Income | 91.11 | 90.37 | 101.37 | 131.32 |
| Net Income Common Stockholders | 91.11 | 90.37 | 101.37 | 131.32 |
| Interest Expense | 7.49 | 67.28 | 120.83 | 103.84 |
| Interest Income | 244.18 | 356.06 | 432.99 | 438.51 |
| Selling General And Administration | 119.78 | 127.04 | 131.10 | 137.84 |
| Normalized Income | 81.13 | 92.27 | 101.57 | 131.48 |
| Basic EPS | 4.60 | 4.64 | 5.24 | 0 |
| Diluted EPS | 4.59 | 4.62 | 5.21 | 0 |
| Tax Effect Of Unusual Items | 2.82 | -0.48 | -0.05 | -0.04 |
| Tax Rate For Calcs | 0.22 | 0.20 | 0.21 | 0.21 |
| Total Unusual Items | 12.79 | -2.37 | -0.25 | -0.21 |
| Total Unusual Items Excluding Goodwill | 12.79 | -2.37 | -0.25 | -0.21 |
| Net Income From Continuing Operation Net Minority Interest | 91.11 | 90.37 | 101.37 | 131.32 |
| Reconciled Depreciation | 18.05 | 15.01 | 14.63 | 14.68 |
| Net Interest Income | 236.69 | 288.78 | 312.15 | 334.67 |
| Net Income From Continuing And Discontinued Operation | 91.11 | 90.37 | 101.37 | 131.32 |
| Diluted Average Shares | 20.10 | 19.85 | 19.74 | 0 |
| Basic Average Shares | 20.04 | 19.79 | 19.65 | 0 |
| Diluted NI Availto Com Stockholders | 91.11 | 90.37 | 101.37 | 131.32 |
| Net Income Including Noncontrolling Interests | 91.11 | 90.37 | 101.37 | 131.32 |
| Net Income Continuous Operations | 91.11 | 90.37 | 101.37 | 131.32 |
| Special Income Charges | 13 | -2.16 | -0.04 | 0 |
| Gain On Sale Of Business | 0 | 0 | 0 | 0 |
| Other Special Charges | -13 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 2.16 | 0.04 | 0 |
| Gain On Sale Of Security | 0 | 0 | 0 | 4.09 |
| Selling And Marketing Expense | 6.88 | 8.45 | 9.44 | 7.72 |
| General And Administrative Expense | 112.91 | 118.60 | 121.66 | 130.12 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.67 | 2.73 | 3.01 | 3.06 |
| Salaries And Wages | 111.24 | 115.87 | 118.65 | 127.06 |
| Operating Revenue | 308.73 | 354.27 | 378.96 | 411.12 |
| Occupancy And Equipment | 41.97 | 43.07 | 44.55 | 48.79 |
| Professional Expense And Contract Services Expense | 4.02 | 3.20 | 3.49 | 9.92 |
| Other Non Interest Expense | 16.76 | 17.95 | 17.70 | 17.26 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Republic Bancorp, Inc.this co. | RBCAA | $1.5B | 11.57↓ discount | 1.33 | 11.9% | - |
| FirstSun Capital Bancorp | FSUN | $1.6B | 10.44 | 0.86 | 8.5% | - |
| Lakeland Financial Corporation | LKFN | $1.5B | 15.05 | 2.04 | 13.6% | - |
| QCR Holdings, Inc. | QCRH | $1.5B | 11.36 | 1.36 | 11.4% | - |
| Exzeo Group, Inc. | XZO | $1.5B |
| 16.44 |
| 5.82 |
| 32.6% |
| 10.44 |
| Byline Bancorp, Inc. | BY | $1.5B | 10.52 | 1.15 | 10.3% | - |
| ConnectOne Bancorp, Inc. | CNOB | $1.5B | 15.61 | 0.98 | 5.1% | - |
| Origin Bancorp, Inc. | OBK | $1.4B | 18.18 | 1.15 | 6.0% | - |
| Westamerica Bancorporation | WABC | $1.4B | 11.19 | 1.39 | 12.4% | - |
| Peer Median | - | 13.21 | 1.25 | 10.8% | 10.44 | |