earnings
confidence high
sentiment positive
materiality 0.75
Republic Bancorp Q3 net income up 12% to $29.7M, EPS $1.52
REPUBLIC BANCORP INC /KY/
- Net income $29.7M, diluted EPS $1.52, increases of 12% and 11% YoY.
- Core Bank net income rose 15% to $19.8M; net interest margin expanded 25bps to 3.78%.
- Total Company NIM expanded 16bps to 4.65% as interest-earning assets reached $6.26B.
- Core Bank net charge-offs only 0.02% of avg loans; nonperforming loans 0.42%.
- Total assets $7.01B; deposits grew $21M QoQ; loans declined $92M QoQ.