Form 8-K
8-K — REPUBLIC BANCORP INC /KY/
Accession: 0001104659-26-047276
Filed: 2026-04-23
Period: 2026-04-23
CIK: 0000921557
SIC: 6022 (STATE COMMERCIAL BANKS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — rbcaa-20260423x8k.htm (Primary)
EX-99.1 (rbcaa-20260423xex99d1.htm)
EX-99.2 (rbcaa-20260423xex99d2.htm)
GRAPHIC (rbcaa-20260423xex99d2001.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: rbcaa-20260423x8k.htm · Sequence: 1
REPUBLIC BANCORP, INC._April 23, 2026
0000921557false00009215572026-04-232026-04-23
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 23, 2026
REPUBLIC BANCORP, INC.
(Exact name of registrant as specified in its charter)
Kentucky
0-24649
61-0862051
(State or other jurisdiction
(Commission File Number)
(I.R.S. Employer Identification No.)
of incorporation)
601 West Market Street, Louisville, Kentucky
40202
(Address of principal executive offices)
(zip code)
Registrant’s telephone number, including area code: (502) 584-3600
NOT APPLICABLE
(Former Name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Class A Common
RBCAA
The Nasdaq Stock Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On April 23, 2026, Republic Bancorp, Inc. announced its results of operations for the quarter ended March 31, 2026. The public announcement was made by means of an earnings release, the text of which is set forth in Exhibit 99.1 hereto. A financial supplement to this earnings release is attached as Exhibit 99.2 hereto.
Item 9.01.Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit No.
99.1
Republic Bancorp, Inc. Earnings Release dated April 23, 2026.
99.2
Earnings Release Financial Supplement – First Quarter 2026.
104
Cover Page Interactive Data File (embedded within the inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Republic Bancorp, Inc.
(Registrant)
Date: April 23, 2026
By:
/s/ Kevin Sipes
Executive Vice President, Chief Financial Officer & Chief Accounting Officer
2
EX-99.1
EX-99.1
Filename: rbcaa-20260423xex99d1.htm · Sequence: 2
3Q
Exhibit 99.1
Republic Bancorp Reports Solid First Quarter Results
Highlighted by Strong Core Bank Net Interest Income Expansion
LOUISVILLE, Ky.--(BUSINESS WIRE)--April 23, 2026--Republic Bancorp, Inc. (NASDAQ: RBCAA), headquartered in Louisville, Kentucky, is the holding company of Republic Bank & Trust Company (the “Bank”).
Republic Bancorp, Inc. (“Republic” or the “Company”) reported first quarter 2026 net income and Diluted Earnings per Class A Common Share (“Diluted EPS”) of $42.6 million and $2.18 per share.
Logan Pichel, President and Chief Executive Officer of the Bank, commented, “We delivered a strong start to 2026, achieving net income of $42.6 million, due largely to the solid underlying performance of our Core Banking franchise. Strong Traditional Banking and Warehouse Lending results, combined with disciplined balance sheet management, net interest income growth, and continued net interest margin resilience, more than offset the expected headwinds associated with the nonrenewal of a large Tax Refund Solutions (“TRS”) Tax Provider contract. Comparability between the two first-quarter periods was significantly impacted by several nonrecurring or infrequent items, both favorable and unfavorable. These items, net of income taxes, were as follows:
(i) a $4.4 million after-tax favorable impact from the 2026 gain on sale of Republic Bank Finance (“RBF”);
(ii) a $1.8 million after-tax unfavorable impact from a 2026 penalty incurred in connection with the strategic early payoff of long-term Federal Home Loan Bank (“FHLB”) advances;
(iii) a $8.4 million after-tax unfavorable impact in 2026 associated with the nonrenewal of a large TRS Tax Provider contract;
(iv) a $3.3 million after-tax unfavorable impact for a 2025 gain on sale of Visa Class B-1 common shares;
(v) a $1.3 million after-tax unfavorable impact related to a 2025 insurance recovery; and
(vi) a $4.6 million after-tax favorable impact related to the 2025 core system deconversion and related consulting fees.”
The following table illustrates the Total Company(1), Core Bank, and Republic Processing Group (“RPG”) actual and adjusted net income (non-GAAP) results for the first quarters of 2026 and 2025. Adjusted net income reflects management’s internal view of the Company’s operating performance.
Total Company Net Income
Total Company Diluted Earnings Per Class A Common Share
Three Months Ended Mar. 31,
$
%
Three Months Ended Mar. 31,
$
%
(dollars in thousands, except per share data)
2026
2025
Change
Change
2026
2025
Change
Change
Net Income, As Reported (GAAP)
$
42,569
$
47,268
$
(4,699)
(10)
%
$
2.18
$
2.42
$
(0.24)
(10)
%
Gain on sale of Republic Bank Finance, net of tax
(4,435)
-
(4,435)
-
(0.24)
-
(0.24)
-
Early Termination Penalty - FHLB Advances, net of tax
1,757
-
1,757
-
0.10
-
0.10
-
Nonrenewal of a Large Tax Provider Contract, net of tax
-
(8,438)
8,438
-
-
(0.44)
0.44
-
Gain on sale of Visa Class B-1 shares, net of tax
-
(3,287)
3,287
-
-
(0.17)
0.17
-
Insurance Recovery, net of tax
-
(1,263)
1,263
-
-
(0.06)
0.06
-
Core System Deconversion and Consulting Fees, net of tax
-
4,593
(4,593)
-
-
0.24
(0.24)
-
Adjusted Net Income (Non-GAAP)
$
39,891
$
38,873
$
1,018
3
%
$
2.04
$
1.99
$
0.05
3
%
Core Bank Net Income
Republic Processing Group Net Income
Three Months Ended Mar. 31,
$
%
Three Months Ended Mar. 31,
$
%
(dollars in thousands, except per share data)
2026
2025
Change
Change
2026
2025
Change
Change
Net Income, As Reported (GAAP)
$
23,759
$
17,361
$
6,398
37
%
$
18,810
$
29,907
$
(11,097)
(37)
%
Gain on sale of Republic Bank Finance, net of tax
(4,435)
-
(4,435)
-
-
-
-
-
Early Termination Penalty - FHLB Advances, net of tax
1,757
-
1,757
-
-
-
-
-
Nonrenewal of a Large Tax Provider Contract, net of tax
-
-
-
-
-
(8,438)
8,438
-
Gain on sale of Visa Class B-1 shares, net of tax
-
(3,287)
3,287
-
-
-
-
-
Insurance Recovery, net of tax
-
(1,263)
1,263
-
-
-
-
-
Core System Deconversion and Consulting Fees, net of tax
-
4,593
(4,593)
-
-
-
-
-
Adjusted Net Income (Non-GAAP)
$
21,081
$
17,404
$
3,677
21
%
$
18,810
$
21,469
$
(2,659)
(12)
%
Pichel further commented, “As reflected in the table above, adjusted net income increased 3% from the first quarter of 2025 to the first quarter of 2026 after excluding nonrecurring or infrequent items. Adjusted net income for the Core Bank was $21.1 million for the first quarter of 2026, representing an increase of $3.7 million, or 21%, over the first quarter of 2025,
while adjusted net income for RPG declined 12% for the same periods to $18.8 million.
Our first quarter 2026 results highlighted the strength of our core banking fundamentals, including disciplined expense management, solid credit performance, and strong Core Bank net interest income and net interest margin expansion. Our Core Banking segments, particularly Traditional Banking and Warehouse Lending, delivered a strong start to the year and were the primary drivers of overall performance. These results underscore our ability to generate sustainable net interest income growth in a dynamic rate environment and reflect the resilience of our business model and the effectiveness of our interest rate risk management strategies.
In addition to our solid quarterly operating results, we were recognized during the first quarter for our continued strong performance. In January, Newsweek and Plant A Insights Group named us one of America’s Best Regional Banks 2025 for the third consecutive year. This recognition—based on an evaluation of more than 9,000 financial institutions, over 70,000 customer surveys, and millions of social media reviews—underscores our ongoing commitment to customer service and community-focused, relationship-based banking. While we are proud of this accolade and our first-quarter accomplishments, we remain intensely focused on delivering a consistent, high-quality operating performance. I want to thank our clients for their continued trust and our associates for their dedication and commitment, which are fundamental to our success,” concluded Pichel.
The following table highlights Republic’s key metrics for the three months ended March 31, 2026, and 2025. Additional financial details, including segment-level data, are provided in the financial supplement to this release. The attached digital version of this release includes the financial supplement as an appendix. The financial supplement may also be found as Exhibit 99.2 of the Company’s Form 8-K filed with the SEC on April 23, 2026.
Total Company Financial Performance Highlights
Three Months Ended Mar. 31,
$
%
(dollars in thousands, except per share data)
2026
2025
Change
Change
Income Before Income Tax Expense
$
55,385
$
59,962
$
(4,577)
(8)
%
Net Income
42,569
47,268
(4,699)
(10)
Diluted EPS
2.18
2.42
(0.24)
(10)
Return on Average Assets ("ROA")
2.40
%
2.61
%
NA
(8)
Return on Average Equity ("ROE")
15.28
18.74
NA
(18)
Results of Operations for the First Quarter of 2026 Compared to the First Quarter of 2025
Core Bank(1)
Net income for the Core Bank was $23.8 million for the first quarter of 2026, a $6.4 million, or 37%, increase from the $17.4 million earned for the first quarter of 2025. Adjusted net income for the Core Bank was $21.1 million for the first quarter of 2026, a $3.7 million, or 21%, increase from the $17.4 million earned for the first quarter of 2025. Adjusted net income for the Core Bank includes the adjustments for the following:
(i) a $4.4 million after-tax 2026 gain on sale of RBF;
(ii) a $1.8 million after-tax 2026 penalty incurred in connection with the strategic early payoff of FHLB advances;
(iii) a $3.3 million after-tax 2025 gain on sale of Visa Class B-1 shares;
(iv) a $1.3 million after-tax 2025 impact related to an insurance recovery; and
(v) a $4.6 million after-tax 2025 impact related to the core system deconversion and related consulting fees.
As discussed in detail below, a solid increase in net interest income was further complemented by flat adjusted noninterest expenses, driving the overall Core Bank performance for the quarter.
Net Interest Income – Core Bank net interest income was $63.2 million for the first quarter of 2026, an increase of $6.9 million, or 12%, over the $56.3 million reported for the first quarter of 2025. This growth was driven by net interest margin expansion, as the Core Bank’s net interest margin rose 26 basis points to 3.96%. The margin improvement primarily reflected a decline in the cost of deposits, combined with higher yields on and growth in average interest-earning assets.
Significant items of note impacting the Core Bank’s net interest income and net interest margin expansion between the first quarter of 2026 and the first quarter of 2025 were as follows:
Interest-Earning Assets
● Core Bank average interest-earning cash declined to $344 million with a weighted-average yield of 3.66% during the first quarter of 2026, compared to $517 million and a 4.45% yield for the first quarter of 2025. The decrease in average balances primarily reflected the deployment of excess liquidity into the investment portfolio, which offered more attractive yields due to a steeper yield curve, while the decline in yield was directly tied to the decrease in the overnight Federal Funds Target Rate.
● Average investments increased to $907 million with a weighted-average yield of 4.24% during the first quarter of 2026, compared to $620 million and a 3.48% yield for the first quarter of 2025. The growth in average balances and higher yields reflect the Company’s ongoing deployment of excess liquidity into longer-term investment securities over recent quarters, which offered more attractive yields than overnight, interest-earning cash alternatives.
● Average outstanding Warehouse lines of credit increased $152 million, or 33%, from $458 million during the first quarter of 2025 to $610 million for the first quarter of 2026, while the weighted-average yield declined 72 basis
points to 6.34%. Average committed Warehouse lines expanded from $968 million to $1.22 billion over the same period, as average usage rates increased from 47% to 50%.
● Traditional Bank average loans increased $42 million from $4.58 billion during the first quarter of 2025 to $4.62 billion during the first quarter of 2026, while the weighted-average yield increased 3 basis points to 5.64%. The period-over-period increase in loan yield reflected the replacement of lower-yielding loans through principal amortization and payoffs with new originations that generally earned higher yields. In addition, the year-over-year comparison of average loans was negatively impacted by the sale of $81 million of loans and lease financing receivables from RBF during the first quarter of 2026 that were previously held for investment.
Funding Liabilities (Deposits and Borrowings)
As it relates to the Core Bank’s decrease in interest expense and the cost of its interest-bearing liabilities:
● The weighted-average cost of total interest-bearing deposits declined from 2.26% during the first quarter of 2025 to 1.98% for the first quarter of 2026, while average interest-bearing deposit balances increased $277 million, or 8%. The growth in balances was led by a combined $326 million increase in business and consumer money market accounts, time deposits, brokered deposits, and reciprocal deposits, all of which generally carry higher rates. These increases were partially offset by a $49 million decrease in average transaction account balances, including an $11 million decline in third-party listing service deposits.
● Average FHLB advances declined $94 million from the first quarter of 2025 to the first quarter of 2026, while the weighted-average cost decreased 20 basis points to 4.19%. The lower cost primarily reflected reduced usage of overnight borrowings and a decline in overnight borrowing rates driven by the decrease in the Federal Funds Target Rate. In addition, the Core Bank prepaid $220 million of higher-cost FHLB advances in late March 2026, which carried a weighted-average rate of 4.57%, and incurred a $2.3 million pre-tax early termination penalty. Based on the current interest rate environment, management expects to recoup this penalty within approximately 1.2 years through a combination of reducing overnight cash or borrowing at lower overnight rates.
The following tables present by reportable segment the overall changes in the Core Bank’s net interest income, net interest margin, as well as average and period-end loan balances:
Net Interest Income
Net Interest Margin
(dollars in thousands)
Three Months Ended Mar. 31,
Three Months Ended Mar. 31,
Reportable Segment
2026
2025
Change
2026
2025
Change
Traditional Banking
$
59,327
$
53,321
$
6,006
4.10
%
3.79
%
0.31
%
Warehouse Lending
3,900
3,028
872
2.59
2.68
(0.09)
Total Core Bank
$
63,227
$
56,349
$
6,878
3.96
3.70
0.26
Average Loan Balances
Period-End Loan Balances
(dollars in thousands)
Three Months Ended Mar. 31,
Mar. 31,
Mar. 31,
Reportable Segment
2026
2025
$ Change
% Change
2026
2025
$ Change
% Change
Traditional Banking
$
4,618,228
$
4,575,790
$
42,438
1
%
$
4,596,291
$
4,566,359
$
29,932
1
%
Warehouse Lending
610,442
458,657
151,785
33
629,848
569,502
60,346
11
Total Core Bank
$
5,228,670
$
5,034,447
$
194,223
4
$
5,226,139
$
5,135,861
$
90,278
2
Provision for Expected Credit Losses(2) – The Core Bank’s Provision was a net charge of $394,000 for the first quarter of 2026 compared to a net credit of $722,000 for the first quarter of 2025.
The net charge of $394,000 for the first quarter of 2026 was driven by the following:
● The Traditional Bank recorded a net charge to the Provision of $705,000 during the first quarter of 2026 primarily related to general formula reserves tied to period-end loan growth of $50 million.
● Warehouse Lending recorded a net credit to the Provision of $311,000 resulting from general formula reserves applied to a $124 million, or 16%, decrease in the outstanding Warehouse spot balances during the first quarter of 2026.
The net credit of $722,000 for the first quarter of 2025 was driven by the following:
● The Traditional Bank recorded a credit to the Provision of $414,000 as a result of a reclassification of $5 million of consumer credit cards from loans held for investment into loans held for sale during the first quarter of 2025.
● The Traditional Bank recorded a net credit to the Provision of $491,000 during the first quarter of 2025 primarily related to a general improvement in the life-of-loan historical loss rates within certain categories of the Traditional Bank loan portfolio combined with a minimal net change in the Traditional Bank period-end loan balances for the quarter.
● Warehouse Lending recorded a net charge to the Provision of $47,000 resulting from general formula reserves applied to a $19 million increase in the outstanding Warehouse spot balances during the first quarter of 2025.
As a percentage of total loans, the Core Bank’s Allowance(2) increased 9 basis points from March 31, 2025, to March 31, 2026. The table below provides a view of the Company’s percentage of Allowance-to-total-loans by reportable segment.
As of Mar. 31, 2026
As of Mar. 31, 2025
Year-over-Year Change
(dollars in thousands)
Allowance
Allowance
Allowance
Reportable Segment
Gross Loans
Allowance
to Loans
Gross Loans
Allowance
to Loans
to Loans
% Change
Traditional Bank
$
4,596,291
$
64,041
1.39
%
$
4,566,359
$
58,851
1.29
%
0.10
%
8
%
Warehouse Lending
629,848
1,571
0.25
569,502
1,421
0.25
—
—
Total Core Bank
5,226,139
65,612
1.26
5,135,861
60,272
1.17
0.09
8
Tax Refund Solutions
9,159
6,344
69.27
36,185
25,981
71.80
(2.53)
(4)
Republic Credit Solutions
131,675
19,884
15.10
117,747
20,050
17.03
(1.93)
(11)
Total Republic Processing Group
140,834
26,228
18.62
153,932
46,031
29.90
(11.28)
(38)
Total Company
$
5,366,973
$
91,840
1.71
%
$
5,289,793
$
106,303
2.01
%
(0.30)
%
(15)
%
Allowance for Credit Losses on Loans Roll-Forward
Three Months Ended March 31,
2026
2025
(in thousands)
Beginning
Charge-
Ending
Beginning
Charge-
Ending
Reportable Segment
Balance
Provision
offs
Recoveries
Balance
Balance
Provision
offs
Recoveries
Balance
Traditional Bank
$
63,662
$
705
$
(481)
$
155
$
64,041
$
59,756
$
(769)
$
(271)
$
135
$
58,851
Warehouse Lending
1,882
(311)
—
—
1,571
1,374
47
—
—
1,421
Total Core Bank
65,544
394
(481)
155
65,612
61,130
(722)
(271)
135
60,272
Tax Refund Solutions
333
5,342
—
669
6,344
9,861
15,427
—
693
25,981
Republic Credit Solutions
19,475
4,044
(3,936)
301
19,884
20,987
2,967
(4,254)
350
20,050
Total Republic Processing Group
19,808
9,386
(3,936)
970
26,228
30,848
18,394
(4,254)
1,043
46,031
Total Company
$
85,352
$
9,780
$
(4,417)
$
1,125
$
91,840
$
91,978
$
17,672
$
(4,525)
$
1,178
$
106,303
The table below presents the Core Bank’s credit quality metrics:
Quarters Ended:
Years Ended:
Mar. 31,
Mar. 31,
Dec. 31,
Dec. 31,
Dec. 31,
Core Banking Credit Quality Ratios
2026
2025
2025
2024
2023
Nonperforming loans to total loans
0.61
%
0.44
%
0.45
%
0.44
%
0.39
%
Nonperforming assets to total loans (including OREO)
0.63
0.46
0.47
0.46
0.41
Delinquent loans* to total loans
0.63
0.18
0.26
0.20
0.16
Net charge-offs to average loans
0.03
0.01
0.03
0.05
0.01
(Quarterly rates annualized)
OREO = Other Real Estate Owned
*Loans 30-days-or-more past due at the time the second contractual payment is past due.
Noninterest Income – Core Bank noninterest income increased $415,000 from $15.4 million for the first quarter of 2025 to $15.8 million for the first quarter of 2026. Adjusted noninterest income(3) was $10.0 million for the first quarter of 2026, an increase of $231,000, or 2%, from $9.7 million for the first quarter of 2025. Adjusted noninterest income(3) reflects the exclusion of the following items:
(i) a $5.9 million pre-tax 2026 gain on sale of RBF;
(ii) a $4.1 million pre-tax 2025 gain on sale of Visa Class B-1 shares; and
(iii) a $1.6 million pre-tax 2025 related to an insurance recovery.
The primary driver of the increase in adjusted noninterest income was service charges on deposits, which increased $422,000, or 12%, driven by an increased volume of activity related fees, particularly for payments made for insufficient funds.
Noninterest Expense – The Core Bank’s noninterest expenses were $47.3 million for the first quarter of 2026, a decrease of $3.5 million, or 7%, from the first quarter of 2025. Adjusted noninterest expenses(4) were $45.0 million for the first quarter of 2026 compared to $45.1 million for the first quarter of 2025. Adjusted noninterest expense(4) reflects the exclusion of the following items:
(i) a $2.3 million pre-tax 2026 penalty incurred in connection with the strategic early payoff of FHLB advances and
(ii) a $5.7 million pre-tax 2025 impact related to the core system deconversion and related consulting fees.
Notable fluctuations for adjusted noninterest expense were as follows:
● Salaries and Benefits increased $411,000, or 2%, as a slight decrease in full-time equivalent employees was more than offset by annual merit based salary increases and higher bonus accruals.
● Core Bank Technology expense declined $632,000, or 8%, driven by cost savings realized following the core system conversion completed in mid-October 2025.
● Interchange related expense decreased $238,000 due primarily to lower debit card and credit card processing costs driven primarily by savings from the core system conversion.
Republic Processing Group(1)
RPG reported net income of $18.8 million for the first quarter of 2026, an $11.1 million decrease from the $29.9 million reported for the first quarter of 2025. Notable net income fluctuations within RPG’s operating segments were as follows:
Tax Refund Solutions
The TRS segment derives substantially all of its revenues during the first and second quarters of the year. TRS recorded net income of $9.7 million for the first quarter of 2026 compared to $19.6 million for the same period in 2025, with the decline primarily reflecting the previously disclosed nonrenewal of a large Tax Provider contract. Excluding the impact of this contract nonrenewal, TRS net income declined $1.5 million, or 13%, from the first quarter of 2025 to the first quarter of 2026. This decrease was generally due to modest declines in both Refunds Advance and funded Refund Transfer activity.
Republic Payment Solutions
Net income at RPS was $2.1 million for the first quarter of 2026, an $835,000 decrease compared to the first quarter of 2025. The decline in net income at RPS was driven primarily by lower net interest income, as the segment earned a reduced yield of 3.69% on its $347 million average of deposit balances during the first quarter of 2026, compared to a yield of 4.55% on $373 million in average deposit balances for the first quarter of 2025. The lower earnings rate reflected the 75-basis point decline in the Federal Funds Target Rate between the first quarter of 2025 and the first quarter of 2026.
Republic Credit Solutions
RCS net income declined by $362,000, or 5%, to $7.0 million for the first quarter of 2026, compared to $7.4 million for the first quarter of 2025. The decrease was primarily driven by the negative impact of higher Provisions within the segment’s line of credit products, reflecting a change in mix toward the LOC II product, which carries significantly higher provisioning requirements over the other RCS products. Partially offset the higher Provisions, RCS Program fees expanded generally due to increased originations across the different product lines.
Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 47 banking centers in communities within five metropolitan statistical areas (“MSAs”) across five states: 22 banking centers located within the Louisville MSA in Louisville, Prospect, Shelbyville, and Shepherdsville in Kentucky, and Floyds Knobs, Jeffersonville, and New Albany in Indiana; six banking centers within the Lexington MSA in Georgetown and Lexington in Kentucky; eight banking centers within the Cincinnati MSA in Cincinnati and West Chester in Ohio, and Bellevue, Covington, Crestview Hills, and Florence in Kentucky; seven banking centers within the Tampa MSA in Largo, New Port Richey, St. Petersburg, Seminole, and Tampa in Florida; and four banking centers within the Nashville MSA in Franklin, Murfreesboro, Nashville and Spring Hill, Tennessee. The Bank offers online banking at www.republicbank.com. The Company is headquartered in Louisville, Kentucky, and as of March 31, 2026, had approximately $7.25 billion in total assets. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.
Republic Bank. Time to Thrive.™
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in the preceding paragraphs are based on our current expectations and assumptions regarding our business, the future impact to our balance sheet and income statement resulting from changes in interest rates, the yield curve, the future ability of the Core Bank to recoup its FHLB early termination fee based on the current interest rate environment, the ability to develop products and strategies in order to meet the Company’s long-term strategic goals and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Actual results could differ materially based upon factors disclosed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those factors set forth as “Risk Factors” in the Company’s Annual Report on Form 10-K for the period ended December 31, 2025. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.
Footnotes:
(1) The Company is divided into five reportable segments: Traditional Banking, Warehouse Lending, Tax Refund Solutions (“TRS”), Republic Payment Solutions (“RPS”), and Republic Credit Solutions (“RCS”). Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three segments collectively constitute Republic Processing Group (“RPG”) operations.
(2) Provision or Provision for expected credit loss expense includes provisions for losses on on-balance sheet loans with changes reflected in the Allowance, or Allowance for credit losses on loans. Provision expense for off-balance sheet credit exposures is recorded as a component of other noninterest expense, with changes reflected in the Allowance for credit losses on off-balance sheet credit exposures, a component of other liabilities on the Company’s balance sheet.
(3) The following table provides a reconciliation of Core Bank’s pre-tax noninterest income in accordance with GAAP, to an adjusted pre-tax noninterest income, a non-GAAP disclosure. Adjusted noninterest income reflects management’s internal view of the Company’s operating performance.
Core Bank Noninterest Income
Three Months Ended Mar. 31,
$
%
(dollars in thousands, except per share data)
2026
2025
Change
Change
Noninterest Income, As Reported (GAAP)
$
15,799
$
15,384
$
415
3
%
Gain on sale of Republic Bank Finance
(5,845)
-
(5,845)
-
Gain on sale of Visa Class B-1 shares
-
(4,090)
4,090
-
Insurance Recovery
-
(1,571)
1,571
-
Adjusted Noninterest Income (Non-GAAP)
$
9,954
$
9,723
$
231
2
%
(4) The following table provides a reconciliation of Core Bank’s pre-tax noninterest expense in accordance with GAAP, to an adjusted pre-tax noninterest expense, a non-GAAP disclosure. Adjusted noninterest expense reflects management’s internal view of the Company’s operating performance.
Core Bank Noninterest Expense
Three Months Ended Mar. 31,
$
%
(dollars in thousands, except per share data)
2026
2025
Change
Change
Noninterest Expense, As Reported (GAAP)
$
47,324
$
50,778
$
(3,454)
(7)
%
Early Termination Penalty - FHLB Advances
(2,316)
-
(2,316)
-
Core System Deconversion and Consulting Fees
-
(5,714)
5,714
-
Adjusted Noninterest Expense (Non-GAAP)
$
45,008
$
45,064
$
(56)
-
%
NM – Not meaningful
NA – Not applicable
CONTACT:
Republic Bancorp, Inc.
Kevin Sipes
Executive Vice President & Chief Financial Officer
(502) 560-8628
EX-99.2
EX-99.2
Filename: rbcaa-20260423xex99d2.htm · Sequence: 3
3Q
Exhibit 99.2
EARNINGS RELEASE FINANCIAL SUPPLEMENT
FIRST QUARTER 2026
TABLE OF CONTENTS
BALANCE SHEET DATA
S-2
AVERAGE BALANCE SHEET DATA
S-3
TOTAL COMPANY AVERAGE BALANCE SHEETS AND INTEREST RATES
S-4
INCOME STATEMENT DATA
S-5
SELECTED DATA AND RATIOS
S-6
LOAN COMPOSITION
S-7
ALLOWANCE FOR CREDIT LOSSES ON LOANS
S-7
CREDIT QUALITY DATA AND RATIOS
S-8
SEGMENT DATA
S-9
FOOTNOTES
S-11
S-1
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026
(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)
Balance Sheet Data
As of
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Assets:
Cash and cash equivalents
$
599,105
$
219,972
$
484,238
$
484,808
$
793,020
Investment securities
886,641
890,582
849,226
711,906
615,663
Loans held for sale (1)
41,782
117,350
40,206
36,802
41,265
Loans
5,366,973
5,446,329
5,281,374
5,373,020
5,289,793
Allowance for credit losses
(91,840)
(85,352)
(79,865)
(81,760)
(106,303)
Loans, net
5,275,133
5,360,977
5,201,509
5,291,260
5,183,490
Federal Home Loan Bank ("FHLB") stock, at cost
27,014
32,114
25,849
24,568
26,748
Premises and equipment, net
40,843
35,986
37,884
36,651
31,996
Right-of-use assets
30,443
31,330
32,804
34,327
35,857
Goodwill
40,516
40,516
40,516
40,516
40,516
Other real estate owned ("OREO")
896
1,277
1,246
1,054
1,107
Bank owned life insurance ("BOLI")
111,272
110,721
109,773
108,738
107,918
Other assets and accrued interest receivable
199,634
201,236
191,668
200,287
197,975
Total assets
$
7,253,279
$
7,042,061
$
7,014,919
$
6,970,917
$
7,075,555
Liabilities and Stockholders' Equity:
Deposits:
Noninterest-bearing
$
1,275,427
$
1,173,461
$
1,239,023
$
1,223,016
$
1,375,234
Interest-bearing
4,233,693
4,029,686
4,099,322
4,094,223
4,030,658
Total deposits
5,509,120
5,203,147
5,338,345
5,317,239
5,405,892
Securities sold under agreements to
repurchase ("SSUAR") and other short-term borrowings
81,337
88,504
74,522
72,103
89,718
Operating lease liabilities
31,492
32,370
33,833
35,335
36,831
Federal Home Loan Bank advances
366,500
506,000
375,000
370,000
370,000
Other liabilities and accrued interest payable
131,443
109,747
108,699
116,134
139,025
Total liabilities
6,119,892
5,939,768
5,930,399
5,910,811
6,041,466
Stockholders' equity
1,133,387
1,102,293
1,084,520
1,060,106
1,034,089
Total liabilities and stockholders' equity
$
7,253,279
$
7,042,061
$
7,014,919
$
6,970,917
$
7,075,555
S-2
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026 (continued)
(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)
Average Balance Sheet Data
Three Months Ended
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Assets:
Interest-earning assets:
Federal funds sold and other interest-earning deposits
$
344,353
$
407,022
$
476,681
$
622,909
$
516,785
Investment securities, including FHLB stock
906,692
901,006
806,304
686,223
619,525
Loans, including loans held for sale
5,464,500
5,365,734
5,281,369
5,318,666
5,497,968
Total interest-earning assets
6,715,545
6,673,762
6,564,354
6,627,798
6,634,278
Allowance for credit losses
(89,017)
(79,832)
(81,196)
(105,726)
(102,271)
Noninterest-earning assets:
Noninterest-earning cash and cash equivalents
132,446
70,289
82,616
125,098
389,994
Premises and equipment, net
37,907
38,868
37,557
33,250
32,513
Bank owned life insurance
111,300
110,385
109,381
108,416
107,599
Other assets
286,831
273,906
279,166
273,195
273,643
Total assets
$
7,195,012
$
7,087,378
$
6,991,878
$
7,062,031
$
7,335,756
Liabilities and Stockholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits
$
4,157,622
$
4,084,332
$
4,078,925
$
4,081,209
$
4,041,991
SSUARs and other short-term borrowings
89,307
133,851
73,135
87,760
108,760
Federal Home Loan Bank advances
426,794
377,793
372,283
370,000
520,778
Total interest-bearing liabilities
4,673,723
4,595,976
4,524,343
4,538,969
4,671,529
Noninterest-bearing liabilities and Stockholders’ Equity:
Noninterest-bearing deposits
1,257,977
1,261,600
1,254,609
1,323,622
1,491,084
Other liabilities
133,479
125,515
131,269
143,941
150,299
Stockholders' equity
1,129,833
1,104,287
1,081,657
1,055,499
1,022,844
Total liabilities and stockholders’ equity
$
7,195,012
$
7,087,378
$
6,991,878
$
7,062,031
$
7,335,756
S-3
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026 (continued)
(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)
Total Company Average Balance Sheet and Interest Rates
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Average
Average
Average
Average
Balance
Interest
Rate
Balance
Interest
Rate
ASSETS
Interest-earning assets:
Federal funds sold and other interest-earning deposits
$
344,353
$
3,107
3.66
%
$
516,785
$
5,670
4.45
%
Investment securities, including FHLB stock (a)
906,692
9,469
4.24
619,525
5,311
3.48
TRS Refund Advances (b)
82,159
12,351
60.97
276,877
33,290
48.76
RCS LOC products (b)
44,239
12,441
114.05
45,514
12,237
109.04
Other RPG loans (c)
109,432
2,626
9.73
141,130
2,004
5.76
Outstanding Warehouse lines of credit
610,442
9,549
6.34
458,657
7,991
7.07
Traditional Bank loans (c)
4,618,228
64,244
5.64
4,575,790
63,335
5.61
Total loans (d)
5,464,500
101,211
7.51
5,497,968
118,857
8.77
Total interest-earning assets
6,715,545
113,787
6.87
6,634,278
129,838
7.94
Allowance for credit losses
(89,017)
(102,271)
Noninterest-earning assets:
Noninterest-earning cash and cash equivalents
132,446
389,994
Premises and equipment, net
37,907
32,513
Bank owned life insurance
111,300
107,599
Other assets (a)
286,831
273,643
Total assets
$
7,195,012
$
7,335,756
LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest-bearing liabilities:
Transaction accounts
$
1,665,041
$
1,810
0.44
%
$
1,736,500
$
2,667
0.62
%
Money market accounts
1,551,952
9,096
2.38
1,348,717
9,475
2.85
Time deposits
497,607
4,478
3.65
413,082
3,972
3.90
Reciprocal money market and time deposits
327,066
2,180
2.70
296,373
2,478
3.39
Brokered deposits
115,956
1,268
4.43
247,319
2,786
4.57
Total interest-bearing deposits
4,157,622
18,832
1.84
4,041,991
21,378
2.14
SSUARs and other short-term borrowings
89,307
89
0.40
108,760
137
0.51
Federal Home Loan Bank advances
426,794
4,414
4.19
520,778
5,635
4.39
Total interest-bearing liabilities
4,673,723
23,335
2.02
4,671,529
27,150
2.36
Noninterest-bearing liabilities and Stockholders’ equity:
Noninterest-bearing deposits
1,257,977
1,491,084
Other liabilities
133,479
150,299
Stockholders’ equity
1,129,833
1,022,844
Total liabilities and stockholders’ equity
$
7,195,012
$
7,335,756
Net interest income
$
90,452
$
102,688
Net interest spread
4.85
%
5.58
%
Net interest margin
5.46
%
6.28
%
(a) For the purpose of this calculation, the fair market value adjustment on debt securities is included as a component of other assets.
(b) Interest income is composed either entirely or predominantly of loan fees.
(c) The average balance includes the principal balance of nonaccrual loans and loans HFS (not carried at fair value), and are inclusive of all loan premiums, discounts, fees and costs.
(d) See Footnote 2 titled “Loan Fee Income.”
S-4
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026 (continued)
(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)
Income Statement Data
Three Months Ended
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Total interest income (2)
$
113,787
$
103,233
$
103,239
$
102,203
$
129,838
Total interest expense
23,335
24,423
26,269
26,001
27,150
Net interest income
90,452
78,810
76,970
76,202
102,688
Provision
9,780
10,079
2,023
1,823
17,672
Noninterest income:
Service charges on deposit accounts
3,883
3,825
3,646
3,505
3,460
Net refund transfer fees
9,525
108
1,117
2,567
13,893
Mortgage banking income (1)
1,825
1,620
2,064
1,896
1,821
Interchange fee income
2,873
2,884
3,030
3,200
3,077
Program fees (1)
4,549
4,444
4,888
4,451
3,822
Increase in cash surrender value of BOLI
930
947
1,035
821
793
Net losses on OREO
(50)
(53)
(52)
(53)
(53)
Gain on sale of Republic Bank Finance loans/leases (1)
5,845
—
—
—
—
Gain on sale of Visa Class B-1 shares
—
—
—
—
4,090
Other (1)
579
1,684
840
1,257
2,251
Total noninterest income
29,959
15,459
16,568
17,644
33,154
Noninterest expense:
Salaries and employee benefits
32,117
34,163
31,027
30,801
31,069
Technology, equipment, and communication
7,946
8,581
8,710
8,684
8,643
Occupancy
3,648
3,673
3,547
3,391
3,564
Marketing and development
1,778
2,422
2,668
1,243
1,387
FDIC insurance expense
832
751
763
731
819
Interchange related expense
1,401
1,609
1,640
1,488
1,636
Legal and professional fees
450
825
1,100
666
1,118
Core conversion and related contract consulting fees
—
220
97
182
5,714
FHLB advances early termination penalties
2,316
—
—
—
—
Other
4,758
4,351
4,201
4,447
4,258
Total noninterest expense
55,246
56,595
53,753
51,633
58,208
Income before income tax expense
55,385
27,595
37,762
40,390
59,962
Income tax expense
12,816
4,774
8,018
8,906
12,694
Net income
$
42,569
$
22,821
$
29,744
$
31,484
$
47,268
S-5
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026 (continued)
(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)
Selected Data and Ratios
As of and for the Three Months Ended
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Per Share Data:
Basic weighted average shares outstanding
19,795
19,744
19,733
19,721
19,711
Diluted weighted average shares outstanding
19,830
19,799
19,791
19,784
19,797
Period-end shares outstanding:
Class A Common Stock
17,467
17,393
17,387
17,378
17,368
Class B Common Stock
2,148
2,148
2,149
2,149
2,150
Book value per share (3)
$
57.78
$
56.41
$
55.51
$
54.29
$
52.98
Tangible book value per share (3)
55.30
53.91
53.01
51.78
50.46
Earnings per share ("EPS"):
Basic EPS - Class A Common Stock
$
2.18
$
1.17
$
1.53
$
1.62
$
2.43
Basic EPS - Class B Common Stock
1.98
1.07
1.39
1.47
2.21
Diluted EPS - Class A Common Stock
2.18
1.17
1.52
1.61
2.42
Diluted EPS - Class B Common Stock
1.98
1.06
1.39
1.47
2.20
Cash dividends declared per Common share:
Class A Common Stock
$
0.495
$
0.451
$
0.451
$
0.451
$
0.451
Class B Common Stock
0.450
0.410
0.410
0.410
0.410
Performance Ratios:
Return on average assets
2.40
%
1.28
%
1.69
%
1.79
%
2.61
%
Return on average equity
15.28
8.20
10.91
11.96
18.74
Efficiency ratio (4)
46.2
59.8
57.4
55.0
44.0
Yield on average interest-earning assets (2)
6.87
6.14
6.24
6.19
7.94
Cost of average interest-bearing liabilities
2.02
2.11
2.30
2.30
2.36
Cost of average deposits (5)
1.41
1.50
1.64
1.62
1.57
Net interest spread (2)
4.85
4.03
3.94
3.89
5.58
Net interest margin - Total Company (2)
5.46
4.69
4.65
4.61
6.28
Net interest margin - Core Bank (2)
3.96
3.87
3.78
3.72
3.70
Other Information:
End of period FTEs (6) - Total Company
966
973
978
974
981
End of period FTEs (6) - Core Bank
907
911
918
917
923
Number of full-service banking centers
47
47
47
47
47
S-6
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026 (continued)
(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)
Loan Composition and Allowance for Credit Losses on Loans
As of
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Loan Composition:
Traditional Banking:
Residential real estate:
Owner-occupied
$
1,028,473
$
1,040,080
$
1,044,737
$
1,031,898
$
1,025,461
Nonowner-occupied
280,777
283,246
291,373
303,357
311,955
Commercial real estate
Owner-occupied
684,405
666,948
643,519
650,771
651,531
Nonowner-occupied
819,363
799,420
801,644
818,367
832,504
Multi-Family
328,154
331,370
321,453
319,905
322,725
Construction & land development
245,423
238,455
246,065
258,817
238,562
Commercial & industrial
541,646
528,873
488,786
481,219
482,955
Lease financing receivables
20,710
20,523
96,605
96,547
93,159
Aircraft
202,388
203,120
202,742
211,910
219,292
Home equity
425,662
413,638
399,691
387,599
365,631
Consumer:
Credit cards
11,659
10,711
10,787
10,315
11,136
Overdrafts
802
971
881
826
779
Automobile loans
678
738
813
916
1,031
Other consumer
6,151
8,204
9,210
9,705
9,638
Total Traditional Banking
4,596,291
4,546,297
4,558,306
4,582,152
4,566,359
Warehouse lines of credit
629,848
754,090
609,826
671,773
569,502
Total Core Banking
5,226,139
5,300,387
5,168,132
5,253,925
5,135,861
Republic Processing Group:
Tax Refund Solutions:
Refund Advances
8,458
12,924
—
—
30,344
Other TRS commercial & industrial loans
701
19,473
292
95
5,841
Republic Credit Solutions
131,675
113,545
112,950
119,000
117,747
Total Republic Processing Group
140,834
145,942
113,242
119,095
153,932
Total Loans - Total Company
$
5,366,973
$
5,446,329
$
5,281,374
$
5,373,020
$
5,289,793
Allowance for Credit Losses on Loans:
Traditional Banking
$
64,041
$
63,662
$
58,479
$
59,055
$
58,851
Warehouse Lending
1,571
1,882
1,522
1,676
1,421
Total Core Banking
65,612
65,544
60,001
60,731
60,272
Tax Refund Solutions
6,344
333
1
—
25,981
Republic Credit Solutions
19,884
19,475
19,863
21,029
20,050
Total Republic Processing Group
26,228
19,808
19,864
21,029
46,031
Total Allowance - Total Company
$
91,840
$
85,352
$
79,865
$
81,760
$
106,303
Allowance to Total Loans:
Traditional Banking
1.39
%
1.40
%
1.28
%
1.29
%
1.29
Warehouse Lending
0.25
0.25
0.25
0.25
0.25
Total Core Banking
1.26
1.24
1.16
1.16
1.17
Tax Refund Solutions
69.27
1.03
0.34
—
71.80
Republic Credit Solutions
15.10
17.15
17.59
17.67
17.03
Total Republic Processing Group
18.62
13.57
17.54
17.66
29.90
Total Company
1.71
1.57
1.51
1.52
2.01
S-7
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026 (continued)
(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)
Credit Quality Data and Ratios
As of and for the Three Months Ended
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Nonperforming Assets - Total Company:
Loans on nonaccrual status
$
31,784
$
23,806
$
21,572
$
21,537
$
22,730
Loans past due 90-days-or-more and still on accrual
68
161
137
105
120
Total nonperforming loans
31,852
23,967
21,709
21,642
22,850
OREO
896
1,277
1,246
1,054
1,107
Total nonperforming assets
$
32,748
$
25,244
$
22,955
$
22,696
$
23,957
Nonperforming Assets - Core Bank:
Loans on nonaccrual status
$
31,784
$
23,806
$
21,572
$
21,537
$
22,730
Loans past due 90-days-or-more and still on accrual
—
—
—
—
—
Total nonperforming loans
31,784
23,806
21,572
21,537
22,730
OREO
896
1,277
1,246
1,054
1,107
Total nonperforming assets
$
32,680
$
25,083
$
22,818
$
22,591
$
23,837
Delinquent Loans:
Core Bank
$
33,052
$
13,925
$
10,691
$
9,953
$
9,031
RPG
9,690
8,938
8,691
9,133
8,282
Total delinquent loans - Total Company
$
42,742
$
22,863
$
19,382
$
19,086
$
17,313
NCOs (Recoveries) by Segment:
Traditional Bank
$
326
$
879
$
251
$
313
$
136
Warehouse Lending
—
—
—
—
—
Core Bank
326
879
251
313
136
Tax Refund Solutions
(669)
(894)
(1,468)
22,049
(693)
Republic Credit Solutions
3,635
4,607
5,135
4,004
3,904
RPG
2,966
3,713
3,667
26,053
3,211
Total NCOs (recoveries) - Total Company
$
3,292
$
4,592
$
3,918
$
26,366
$
3,347
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans
0.59
%
0.44
%
0.41
%
0.40
%
0.43
%
Nonperforming assets to total loans (including OREO)
0.61
0.46
0.43
0.42
0.45
Nonperforming assets to total assets
0.45
0.36
0.33
0.33
0.34
Allowance for credit losses to total loans
1.71
1.57
1.51
1.52
2.01
Allowance for credit losses to nonperforming loans
288
356
368
378
465
Delinquent loans to total loans (7)
0.80
0.42
0.37
0.36
0.33
Annualized NCOs (recoveries) to average loans
0.24
0.34
0.29
1.99
0.25
Credit Quality Ratios - Core Bank:
Nonperforming loans to total loans
0.61
%
0.45
%
0.42
%
0.41
%
0.44
%
Nonperforming assets to total loans (including OREO)
0.63
0.47
0.44
0.43
0.46
Nonperforming assets to total assets
0.49
0.38
0.35
0.35
0.37
Allowance for credit losses to total loans
1.26
1.24
1.16
1.16
1.17
Allowance for credit losses to nonperforming loans
206
275
278
282
265
Delinquent loans to total loans (7)
0.63
0.26
0.21
0.19
0.18
Annualized NCOs (recoveries) to average loans
0.03
0.07
0.02
0.02
0.01
TRS Refund Advances ("RAs and ERAs")
RAs and ERAs originated
$
246,396
$
12,924
$
—
$
—
$
662,556
Net (credit) charge to the Provision for RAs and ERAs
5,318
(598)
(1,454)
(3,934)
15,335
RAs and ERAs NCOs (recoveries)
(669)
(894)
(1,454)
21,885
(691)
S-8
Republic Bancorp, Inc.
Earnings Release
Financial Supplement
First Quarter 2026 (continued)
Segment Data:
Reportable segments are determined by the type of products and services offered and the level of information provided to the chief operating decision maker (“CODM”), who uses such information to review performance of various components of the business (such as banking centers and business units), which are then aggregated if operating performance, products/services, and clients are similar. The Company’s Executive Chair/Chief Executive Officer serves as the Company’s CODM. Income before income tax expense is the reportable measure of segment profit or loss that the CODM regularly reviews and utilizes to allocate resources and evaluate performance.
As of March 31, 2026, the Company was divided into five reportable segments: Traditional Banking, Warehouse Lending, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions. Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three segments collectively constitute Republic Processing Group operations.
The nature of segment operations and the primary drivers of net revenues by reportable segment are provided below:
Reportable Segment:
Nature of Operations:
Primary Drivers of Net Revenue:
Core Banking:
Traditional Banking
Provides traditional banking products to clients in its market footprint via its banking center network and to clients outside of its market footprint primarily via its digital delivery channels.
Net interest income
Warehouse Lending
Provides short-term, revolving credit facilities to mortgage bankers across the U.S.
Net interest income
Republic Processing Group:
Tax Refund Solutions
Offers tax-related credit products and facilitates the receipt and payment of federal and state tax refunds through Refund Transfer products. TRS products are primarily provided to clients outside of the Bank’s market footprint.
Net interest income and Net refund transfer fees
Republic Payment Solutions
Offers general-purpose reloadable cards. RPS products are primarily provided to clients outside of the Bank’s market footprint.
Net interest income and Program fees
Republic Credit Solutions
Offers consumer credit products. RCS products are primarily provided to clients outside of the Bank’s market footprint, with a substantial portion of RCS clients considered subprime or near-prime borrowers.
Net interest income and Program fees
The accounting policies used for Republic’s reportable segments are the same as those described in the summary of significant accounting policies. Segment performance is evaluated using operating income before income taxes. Goodwill is allocated to the Traditional Banking segment. Income taxes are generally allocated based on income before income tax expense unless specific segment allocations can be reasonably made.
Transactions among reportable segments are made at carrying value. Net Interest income is reflected within each applicable business segment based on the underlying financial instruments assigned to each segment as well as the impact of the Company’s internal Funds Transfer Processing (“FTP”) applied to each instrument. FTP is allocated from the Traditional Bank to each segment based on the assumed terms of the underlying financial instruments within that segment in combination with applicable market interest rates matching the assumed terms of each instrument.
S-9
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026 (continued)
Segment information for the quarters ended March 31, 2026, and 2025 follows:
Three Months Ended March 31, 2026
Core Banking
Republic Processing Group
Total
Tax
Republic
Republic
Traditional
Warehouse
Core
Refund
Payment
Credit
Total
Total
(dollars in thousands)
Banking
Lending
Banking
Solutions
Solutions
Solutions
RPG
Company
Net interest income
$
59,327
$
3,900
$
63,227
$
11,430
$
3,037
$
12,758
$
27,225
$
90,452
Provision for expected credit loss expense
705
(311)
394
5,342
—
4,044
9,386
9,780
Net refund transfer fees
—
—
—
9,525
—
—
9,525
9,525
Mortgage banking income
1,825
—
1,825
—
—
—
—
1,825
Program fees
—
—
—
—
776
3,773
4,549
4,549
Gain on sale of Republic Bank Finance loans/leases
5,845
—
5,845
—
—
—
—
5,845
Other noninterest income
8,105
24
8,129
83
2
1
86
8,215
Total noninterest income
15,775
24
15,799
9,608
778
3,774
14,160
29,959
Total noninterest expense
46,388
936
47,324
3,265
1,179
3,478
7,922
55,246
Income before income tax expense
28,009
3,299
31,308
12,431
2,636
9,010
24,077
55,385
Income tax expense
6,757
792
7,549
2,720
576
1,971
5,267
12,816
Net income
$
21,252
$
2,507
$
23,759
$
9,711
$
2,060
$
7,039
$
18,810
$
42,569
Period-end assets
$
6,060,972
$
629,878
$
6,690,850
$
69,707
$
349,831
$
142,891
$
562,429
$
7,253,279
Net interest margin
4.10
%
2.59
%
3.96
%
NM
NM
NM
NM
5.46
%
Net-revenue concentration*
63
%
3
%
66
%
17
%
3
%
14
%
34
%
100
%
Three Months Ended March 31, 2025
Core Banking
Republic Processing Group
Total
Tax
Republic
Republic
Traditional
Warehouse
Core
Refund
Payment
Credit
Total
Total
(dollars in thousands)
Banking
Lending
Banking
Solutions
Solutions
Solutions
RPG
Company
Net interest income
$
53,321
$
3,028
$
56,349
$
29,812
$
3,994
$
12,533
$
46,339
$
102,688
Provision for expected credit loss expense
(769)
47
(722)
15,427
—
2,967
18,394
17,672
Net refund transfer fees
—
—
—
13,893
—
—
13,893
13,893
Mortgage banking income
1,821
—
1,821
—
—
—
—
1,821
Program fees
—
—
—
—
767
3,055
3,822
3,822
Gain on sale of Visa Class B-1 shares
4,090
—
4,090
—
—
—
—
4,090
Other noninterest income
9,453
20
9,473
54
—
1
55
9,528
Total noninterest income
15,364
20
15,384
13,947
767
3,056
17,770
33,154
Total noninterest expense
49,906
872
50,778
3,223
1,060
3,147
7,430
58,208
Income before income tax expense
19,548
2,129
21,677
25,109
3,701
9,475
38,285
59,962
Income tax expense
3,836
480
4,316
5,498
806
2,074
8,378
12,694
Net income
$
15,712
$
1,649
$
17,361
$
19,611
$
2,895
$
7,401
$
29,907
$
47,268
Period-end assets
$
5,797,416
$
569,862
$
6,367,278
$
192,037
$
386,362
$
129,878
$
708,277
$
7,075,555
Net interest margin
3.79
%
2.68
%
3.70
%
NM
NM
NM
NM
6.28
%
Net-revenue concentration*
51
%
2
%
53
%
32
%
4
%
11
%
47
%
100
%
* Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.
S-10
Republic Bancorp, Inc.
Earnings Release Financial Supplement
First Quarter 2026 (continued)
Footnotes:
(1) In the ordinary course of business, the Bank originates both mortgage and consumer loans with the intent to sell. Mortgage loans originated with the intent to sell are primarily originated and sold into the secondary market through the Traditional Banking segment, while consumer loans originated with the intent to sell are originated and sold through the RCS segment. Gains on sale of mortgage loans are recorded as a component of “Mortgage Banking” income. Gains on sale of RCS consumer loans are recorded as a component of “Program Fees.” During the first quarter of 2025, the Traditional Banking segment entered into an agreement to sell approximately $5 million of consumer credit cards. As a result, these loans were transferred from held for investment to consumer loans HFS. The gain on the sale of the consumer credit cards was recorded as a component of other noninterest income during the second quarter of 2025. During the fourth quarter of 2025, the Traditional Banking segment entered into an agreement to sell approximately $82 million of RBF loans and lease financing receivables. As a result, these loans and lease financing receivables were transferred from held for investment to other loans HFS. The gain on the sale of the RBF loans and leases was recorded as a component of noninterest income during the first quarter of 2026.
As of and for the Three Months Ended
(dollars in thousands)
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Mortgage Loans Held for Sale
Balance, beginning of period
$
7,516
$
15,338
$
8,850
$
9,140
$
8,312
Originations
47,990
58,417
59,494
51,788
41,233
Transferred from held for investment to held for sale
—
—
—
—
—
Proceeds from sales
(44,042)
(67,560)
(54,716)
(53,561)
(41,816)
Net gain on sale
1,489
1,321
1,710
1,483
1,411
Balance, end of period
$
12,953
$
7,516
$
15,338
$
8,850
$
9,140
Consumer Loans Held for Sale
Balance, beginning of period
$
27,995
$
24,868
$
27,952
$
32,125
$
24,075
Originations
291,165
277,273
271,718
321,127
266,651
Transferred from held for investment to held for sale
—
—
—
—
4,977
Proceeds from sales
(294,104)
(277,926)
(278,908)
(329,345)
(266,633)
Net gain on sale
3,773
3,780
4,106
4,045
3,055
Balance, end of period
$
28,829
$
27,995
$
24,868
$
27,952
$
32,125
Other Loans Held for Sale
Balance, beginning of period
$
81,839
$
—
$
—
$
—
$
—
Transferred from held for investment to held for sale
—
81,839
—
—
—
Proceeds from sales
(87,684)
—
—
—
—
Net gain on sale
5,845
—
—
—
—
Balance, end of period
$
—
$
81,839
$
—
$
—
$
—
(2) The amount of loan fee income can meaningfully impact total interest income, loan yields, net interest income, net interest margin, and net interest spread. The following table presents total loan fees by reportable segment:
Three Months Ended
(in thousands)
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Traditional Banking
$
1,304
$
2,003
$
1,393
$
1,367
$
1,291
Warehouse Lending
396
362
364
369
310
Total Core Bank
1,700
2,365
1,757
1,736
1,601
Tax Refund Solutions
13,528
288
17
25
33,675
Republic Credit Solutions
12,441
11,411
12,123
12,434
12,237
Total Republic Processing Group
25,969
11,699
12,140
12,459
45,912
Total Loan Fees
$
27,669
$
14,064
$
13,897
$
14,195
$
47,513
S-11
(3) The following table provides a reconciliation of total stockholders’ equity in accordance with GAAP to tangible stockholders’ equity, a non-GAAP disclosure. The Company provides the tangible book value per share, a non-GAAP measure, in addition to those defined by banking regulators, because of its widespread use by investors to evaluate capital adequacy.
As of
(dollars in thousands, except per share data)
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Total stockholders' equity - GAAP (a)
$
1,133,387
$
1,102,293
$
1,084,520
$
1,060,106
$
1,034,089
Less: Goodwill
40,516
40,516
40,516
40,516
40,516
Less: Mortgage servicing rights
6,693
6,811
6,798
6,840
6,875
Less: Core deposit intangible
1,432
1,535
1,637
1,739
1,841
Tangible stockholders' equity - Non-GAAP (c)
$
1,084,746
$
1,053,431
$
1,035,569
$
1,011,011
$
984,857
Total assets - GAAP (b)
$
7,253,279
$
7,042,061
$
7,014,919
$
6,970,917
$
7,075,555
Less: Goodwill
40,516
40,516
40,516
40,516
40,516
Less: Mortgage servicing rights
6,693
6,811
6,798
6,840
6,875
Less: Core deposit intangible
1,432
1,535
1,637
1,739
1,841
Tangible assets - Non-GAAP (d)
$
7,204,638
$
6,993,199
$
6,965,968
$
6,921,822
$
7,026,323
Total stockholders' equity to total assets - GAAP (a/b)
15.63
%
15.65
%
15.46
%
15.21
%
14.61
%
Tangible stockholders' equity to tangible assets - Non-GAAP (c/d)
15.06
%
15.06
%
14.87
%
14.61
%
14.02
%
Number of shares outstanding (e)
19,615
19,541
19,536
19,527
19,518
Book value per share - GAAP (a/e)
$
57.78
$
56.41
$
55.51
$
54.29
$
52.98
Tangible book value per share - Non-GAAP (c/e)
55.30
53.91
53.01
51.78
50.46
(4) The efficiency ratio, a non-GAAP measure, equals total noninterest expense divided by the sum of net interest income and noninterest income (total revenue). The adjusted efficiency ratio, a non-GAAP measure with no GAAP comparable, excludes notable infrequent or nonrecurring revenues and expenses related to the following: the gain on sale of Republic Bank Finance, the nonrenewal of a large tax provider contract, the gain on the sale of Visa Class B-1 shares, the gain on sale of consumer credit cards, insurance proceeds received, early termination penalties on FHLB advances and core system deconversion and related consulting fees.
Three Months Ended
(dollars in thousands)
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Net interest income - GAAP (a)
$
90,452
$
78,810
$
76,970
$
76,202
$
102,688
Noninterest income - GAAP (b)
29,959
15,459
16,568
17,644
33,154
Total net revenue - GAAP (c)
$
120,411
$
94,269
$
93,538
$
93,846
$
135,842
Less: Gain on sale of Republic Bank Finance
$
5,845
$
—
$
—
$
—
$
—
Less: Nonrenewal of a large tax provider contract
—
—
—
—
10,803
Less: Gain on sale of Visa Class B-1 shares
—
—
—
—
4,090
Less: Gain on sale of consumer credit card portfolio
—
—
—
328
—
Less: Insurance recovery
—
—
—
—
1,571
Total adjusted revenue - Non-GAAP (e)
$
114,566
$
94,269
$
93,538
$
93,518
$
119,378
Noninterest expense - GAAP (d)
$
55,246
$
56,595
$
53,753
$
51,633
$
58,208
Less: Early termination penalty - FHLB advances
2,316
—
—
—
—
Less: Core system deconversion and consulting fees
—
220
97
182
5,714
Total adjusted noninterest expense - Non-GAAP (f)
$
52,930
$
56,375
$
53,656
$
51,451
$
52,494
Efficiency Ratio - GAAP (d/c)
45.9
%
60.0
%
57.5
%
55.0
%
42.8
%
Adjusted Efficiency Ratio - Non-GAAP (f/e)
46.2
%
59.8
%
57.4
%
55.0
%
44.0
%
S-12
(5) The cost of average deposits ratio equals annualized total interest expense on deposits divided by total average interest-bearing deposits plus total average noninterest-bearing deposits.
(6) FTEs – Full-time-equivalent employees.
(7) The delinquent loans to total loans ratio equals loans 30-days-or-more past due divided by total loans. Depending on loan class, loan delinquency is determined by either the number of days or the number of payments past due. As of March 31, 2026, delinquent loans for the Republic Processing Group segment included $0 of Early Season Refund Advances and Refund Advances, which do not have a contractual due date, but the Company considered delinquent in 2026 if it remained unpaid 35 days after the taxpayer’s tax return was submitted to the applicable taxing authority. All unpaid Early Season Refund Advances and Refund Advances are charged-off by the end of the second quarter of each year.
NM – Not meaningful
NA – Not applicable
QTD – Quarter-to-date
YTD – Year-to-date
CONTACT:
Republic Bancorp, Inc.
Kevin Sipes
Executive Vice President & Chief Financial Officer
(502) 560-8628
S-13
GRAPHIC
GRAPHIC
Filename: rbcaa-20260423xex99d2001.jpg · Sequence: 4
Binary file (8945 bytes)
Download rbcaa-20260423xex99d2001.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 9
v3.26.1
Document and Entity Information
Apr. 23, 2026
Document and Entity Information [Abstract]
Document Type
8-K
Document Period End Date
Apr. 23, 2026
Entity Registrant Name
REPUBLIC BANCORP, INC.
Entity Incorporation, State or Country Code
KY
Entity File Number
0-24649
Entity Tax Identification Number
61-0862051
Entity Address, Address Line One
601 West Market Street
Entity Address, City or Town
Louisville
Entity Address, State or Province
KY
Entity Address, Postal Zip Code
40202
City Area Code
502
Local Phone Number
584-3600
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Class A Common
Trading Symbol
RBCAA
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
false
Entity Central Index Key
0000921557
Amendment Flag
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- References
No definition available.
+ Details
Name:
rbcaa_DocumentAndEntityInformationAbstract
Namespace Prefix:
rbcaa_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration