---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001122"
form_type: "8-K"
ticker: "RBCAA"
cik: "0000921557"
company_name: "REPUBLIC BANCORP INC /KY/"
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:18:05.756200+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Republic Bancorp Q2 2023 op net income up 34% to $19.8M; GAAP net income $21.1M ($1.07 EPS)

## Summary
- GAAP net income $21.1M ($1.07 diluted EPS) vs $24.3M ($1.22) in Q2 2022; non-GAAP operating net income $19.8M, up 34% YoY.
- Core Bank net income $12.1M, up 43% GAAP; net interest income $51.4M, up 19%; net interest margin expanded 63 bps to 3.65%.
- Traditional Bank average loans $4.28B, +18% YoY; weighted-average loan yield 4.98% vs 3.92% in prior year.
- Provision for credit losses was a $2.1M charge; Core Bank allowance-to-loans 1.15%; nonperforming loans to total loans 0.34%.
- RPG adjusted net income $8.9M (excluding prior-year legal settlement) vs $6.2M; prepaid card product drove net interest income growth.

## SEC filing metadata
- accession: 0001157523-23-001122
- form_type: 8-K
- ticker: RBCAA
- cik: 0000921557
- company_name: REPUBLIC BANCORP INC /KY/
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921557/000115752323001122/0001157523-23-001122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921557/000115752323001122/a53470983.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001122
- JSON: https://secwatch.observer/filing/0001157523-23-001122.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001122.txt

## Key facts
- Earnings Releases
  REPUBLIC BANCORP INC /KY/ reported second quarter 2023 results: net income $21.1 million, EPS $1.07 per share.
  - Period: second quarter 2023
  - Net income: $21.1 million
  - EPS: $1.07 per share
  - Result: reported results
  source text: Republic Bancorp, Inc. (“Republic” or the “Company”) reported second quarter 2023 net income and Diluted Earnings per Class A Common Share (“Diluted EPS”) of $21.1 million and $1.07 per share compared to $24.3 million and $1.22 per share for the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/921557/000115752323001122/0001157523-23-001122-index.htm

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