secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC BANCORP INC /KY/ (RBCAA)
CIK:        0000921557
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001104659-26-047276
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Republic Bancorp Q1 earnings: net income $42.6M, adjusted EPS $2.04 up 3%; Core Bank margin expands
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- Net income $42.6M (diluted EPS $2.18), down 10% YoY; adjusted net income $39.9M (adj. EPS $2.04) up 3%.
- Core Bank net interest income $63.2M (+12%), net interest margin 3.96% (+26 bps); Traditional Banking and Warehouse Lending led growth.
- RPG net income $18.8M (-37%) due to nonrenewal of large TRS Tax Provider contract (-$8.4M after-tax impact).
- Notable items: $4.4M after-tax gain on sale of Republic Bank Finance, $1.8M penalty for early FHLB advance payoff.
- Core Bank credit quality stable: NPL ratio 0.61%, net charge-offs annualized 0.03%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921557/000110465926047276/0001104659-26-047276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921557/000110465926047276/rbcaa-20260423x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-047276

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