{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-24-000121","form_type":"8-K","ticker":"RBCAA","cik":"0000921557","company_name":"REPUBLIC BANCORP INC /KY/","filed_at":"2024-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.300829+00:00","generated_at":"2026-06-06T17:10:21.425112+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Republic Bancorp Q4 2023 net income $19.7M, EPS $1.01, up 7% YoY; Core Bank NIM compresses to 3.40%","bullets":["Net income $19.7M, dil. EPS $1.01, up 6% and 7% YoY respectively.","Core Bank net interest income $50.6M (-3% YoY); NIM fell 42 bps to 3.40% due to funding cost increases.","Traditional Bank loans grew 20% YoY to $4.62B; Core Bank net charge-offs only 1 bp for full year 2023.","Republic Processing Group net income $3.8M (+74% YoY) led by Republic Payment Solutions prepaid card division.","CEO highlighted total shareholder return of 39% in 2023 vs KBW Bank Index decline of 1%."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-24-000121","json":"https://secwatch.observer/filing/0001157523-24-000121.json","markdown":"https://secwatch.observer/filing/0001157523-24-000121.md","text":"https://secwatch.observer/filing/0001157523-24-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/921557/000115752324000121/0001157523-24-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921557/000115752324000121/a53888025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:10:21.425112+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"67b160123f69b320755993c356e70c9952dd87eb","claim":"REPUBLIC BANCORP INC /KY/ reported the quarter ended December 31, 2023 results: net income $19.7 million, EPS $1.01 per share.","evidence_excerpt":"Republic Bancorp, Inc. (NASDAQ: RBCAA), headquartered in Louisville, Kentucky, is the holding company of Republic Bank & Trust Company (the “Bank”). LOUISVILLE, Ky.--(BUSINESS WIRE)--January 26, 2024--Republic Bancorp, Inc. (“Republic” or the “Company”) reported fourth quarter 2023 net income and Diluted Earnings per Class A Common Share (“Diluted EPS”) of $19.7 million and $1.01 per share, representing increases of 6% and 7% over the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/921557/000115752324000121/0001157523-24-000121-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Net income","value":"$19.7 million"},{"label":"EPS","value":"$1.01 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d8ffcdb6d1f68c9ea327fb2bc6b4df49697af7a9","claim":"REPUBLIC BANCORP INC /KY/ reported the year ended December 31, 2023 results: net income 90,374, EPS 4.62.","evidence_excerpt":"Total Company Financial Performance Highlights Three Months Ended Dec. 31, Years Ended Dec. 31, (dollars in thousands, except per share data) 2023 2022 $ Change % Change 2023 2022 $ Change % Change Income Before Income Tax Expense $ 23,519 $ 23,488 $ 31 — % $ 113,213 $ 116,845 $ (3,632 ) (3 )% Net Income 19,659 18,513 1,146 6 90,374 91,106 (732 ) (1 ) Diluted EPS 1.01 0.94 0.07 7 4.62 4.59 0.03 1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/921557/000115752324000121/0001157523-24-000121-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"90,374"},{"label":"EPS","value":"4.62"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}