---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000584"
form_type: "8-K"
ticker: "RBCAA"
cik: "0000921557"
company_name: "REPUBLIC BANCORP INC /KY/"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:12:39.189936+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Republic Bancorp Q1 2023 operating net income rises 29% to $31.8M; Core Bank NIM 3.98%

## Summary
- Q1 2023 net income $28.1M ($1.42 diluted EPS flat YoY); operating net income (non-GAAP) $31.8M ($1.61 EPS) up 29%.
- Core Bank net income $10.3M, up 35% YoY; operating net income $14.0M, up 84% YoY. NIM expanded to 3.98% from 2.92%.
- Traditional Bank loan growth $92M (ex-CBank) in Q1; CBank acquisition added $218M in loans, closed March 15, 2023.
- TRS segment net income $12.4M, down from $15.4M due to prior year termination fee and higher RA provision of $21.7M on $737M originations.
- Credit quality stable: Core Bank nonperforming loans/total loans 0.34% (vs 0.40% prior year); allowance to loans 1.22%.

## SEC filing metadata
- accession: 0001157523-23-000584
- form_type: 8-K
- ticker: RBCAA
- cik: 0000921557
- company_name: REPUBLIC BANCORP INC /KY/
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921557/000115752323000584/0001157523-23-000584-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921557/000115752323000584/a53384187.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000584
- JSON: https://secwatch.observer/filing/0001157523-23-000584.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000584.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.