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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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 308.73 | 354.27 | 378.96 | 411.12 |
| Operating Revenue | - | 308.73 | 354.27 | 378.96 | 411.12 |
| Selling General And Administration | - | 119.78 | 127.04 | 131.10 | 137.84 |
| Interest Income | - | 244.18 | 356.06 | 432.99 | 438.51 |
| Interest Expense | - | 7.49 | 67.28 | 120.83 | 103.84 |
| Net Interest Income | - | 236.69 | 288.78 | 312.15 | 334.67 |
| Pretax Income | - | 116.84 | 113.21 | 127.70 | 165.71 |
| Tax Provision | - | 25.74 | 22.84 | 26.33 | 34.39 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.82 | -0.48 | -0.05 | -0.04 |
| Net Income Continuous Operations | - | 91.11 | 90.37 | 101.37 | 131.32 |
| Net Income From Continuing And Discontinued Operation | - | 91.11 | 90.37 | 101.37 | 131.32 |
| Net Income From Continuing Operation Net Minority Interest | - | 91.11 | 90.37 | 101.37 | 131.32 |
| Net Income | - | 91.11 | 90.37 | 101.37 | 131.32 |
| Net Income Common Stockholders | - | 91.11 | 90.37 | 101.37 | 131.32 |
| Net Income Including Noncontrolling Interests | - | 91.11 | 90.37 | 101.37 | 131.32 |
| Normalized Income | - | 81.13 | 92.27 | 101.57 | 131.48 |
| Diluted NI Availto Com Stockholders | - | 91.11 | 90.37 | 101.37 | 131.32 |
| Basic Average Shares | - | 20.04 | 19.79 | 19.65 | 19.74 |
| Diluted Average Shares | - | 20.10 | 19.85 | 19.74 | 19.81 |
| Reconciled Depreciation | - | 18.05 | 15.01 | 14.63 | 14.68 |
| Total Unusual Items | - | 12.79 | -2.37 | -0.25 | -0.21 |
| Total Unusual Items Excluding Goodwill | - | 12.79 | -2.37 | -0.25 | -0.21 |
| Special Income Charges | - | 13 | -2.16 | -0.04 | 0 |
| Gain On Sale Of Business | 0 | - | - | - | - |
| Other Special Charges | - | -13 | - | - | - |
| Restructuring And Mergern Acquisition | - | 0 | 2.16 | 0.04 | 0 |
| Gain On Sale Of Security | - | - | 0 | 0 | 4.09 |
| General And Administrative Expense | - | 112.91 | 118.60 | 121.66 | 130.12 |
| Other Gand A | 28.90 | - | - | - | - |
| Salaries And Wages | - | 111.24 | 115.87 | 118.65 | 127.06 |
| Insurance And Claims | - | 1.67 | 2.73 | 3.01 | 3.06 |
| Selling And Marketing Expense | - | 6.88 | 8.45 | 9.44 | 7.72 |
| 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 | $1.7B | 12.58↓ discount | 1.50 | 11.9% | - |
| Triumph Financial, Inc. | TFIN | $1.7B | 66.83 | 1.89 | 2.8% | - |
| Pathward Financial, Inc. | CASH | $1.7B | 9.01 | 1.94 | 21.6% | - |
| Dime Community Bancshares, Inc. | DCOM | $1.7B | 14.97 | 1.22 | 8.1% | - |
| FirstSun Capital Bancorp | FSUN |
| - |
| - |
| - |
| - |
| - |
| $1.6B |
| 16.83 |
| 1.43 |
| 8.5% |
| - |
| German American Bancorp, Inc. | GABC | $1.6B | 14.58 | 1.41 | 9.7% | - |
| S&T Bancorp, Inc. | STBA | $1.6B | 12.15 | 1.11 | 9.2% | - |
| TriCo Bancshares | TCBK | $1.6B | 13.41 | 1.23 | 9.2% | - |
| Hope Bancorp, Inc. | HOPE | $1.6B | 26.13 | 0.70 | 2.7% | - |
| Peer Median | - | 14.77 | 1.32 | 8.8% | - | |