---
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"
generated_at: "2026-06-06T17:10:21.425112+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Republic Bancorp Q4 2023 net income $19.7M, EPS $1.01, up 7% YoY; Core Bank NIM compresses to 3.40%

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/921557/000115752324000121/0001157523-24-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921557/000115752324000121/a53888025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-24-000121
- JSON: https://secwatch.observer/filing/0001157523-24-000121.json
- Plain text: https://secwatch.observer/filing/0001157523-24-000121.txt

## Key facts
- Earnings Releases
  REPUBLIC BANCORP INC /KY/ reported the quarter ended December 31, 2023 results: net income $19.7 million, EPS $1.01 per share.
  - Period: the quarter ended December 31, 2023
  - Net income: $19.7 million
  - EPS: $1.01 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/921557/000115752324000121/0001157523-24-000121-index.htm
- Earnings Releases
  REPUBLIC BANCORP INC /KY/ reported the year ended December 31, 2023 results: net income 90,374, EPS 4.62.
  - Period: the year ended December 31, 2023
  - Net income: 90,374
  - EPS: 4.62
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/921557/000115752324000121/0001157523-24-000121-index.htm

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