Republic Bancorp Q3 net income up 8% to $21.6M; Core Bank net income down 12%

REPUBLIC BANCORP INC /KY/

Diluted EPS of $1.10, up 9% YoY from $1.01.
Core Bank net income fell to $13.2M from $15.0M; NIM shrank 11 bps to 3.43%.
Republic Processing Group net income surged 69% to $8.4M, driven by higher TRS yields.
Loan growth: Traditional Bank avg loans +20% YoY to $4.44B; CBank acquisition contributed $217M.
Core Bank provision swung to $1.4M charge vs $1.1M credit in prior year.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

REPUBLIC BANCORP INC /KY/ reported third quarter 2023 results: net income 21.6 million, EPS 1.10 per share.

Period: third quarter 2023
Net income: 21.6 million
EPS: 1.10 per share
Result: reported results

Exact text from the filing

Republic Bancorp, Inc. Reports Third Quarter 2023 Net Income of $21.6 Million

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Source: SEC EDGAR

accession 0001157523-23-001512

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