---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005685"
form_type: "8-K"
ticker: "RBCAA"
cik: "0000921557"
company_name: "REPUBLIC BANCORP INC /KY/"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T09:04:20.127887+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Republic Bancorp Q1 net income up 9% to $30.6M; diluted EPS $1.58 (+11% YoY)

## Summary
- Core Bank NII fell 3% to $50.5M; NIM contracted to 3.30% from 3.98% as funding costs rose.
- RPG net income $17.5M vs $17.8M; TRS net income down on higher provision, RCS up 14% to $6.1M.
- Core Bank noninterest expense flat ex merger costs at $42.3M; provision expense declined to $0.7M from $3.1M.
- Traditional Bank avg loans grew 18% YoY to $4.6B; spot loans down 1% QTD reflecting pricing discipline.
- Core Bank NPAs remain low at 0.41% of loans; net charge-offs annualized 0.01%.

## SEC filing metadata
- accession: 0001558370-24-005685
- form_type: 8-K
- ticker: RBCAA
- cik: 0000921557
- company_name: REPUBLIC BANCORP INC /KY/
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921557/000155837024005685/0001558370-24-005685-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921557/000155837024005685/rbcaa-20240425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005685
- JSON: https://secwatch.observer/filing/0001558370-24-005685.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005685.txt

## Key facts
- Earnings Releases
  REPUBLIC BANCORP INC /KY/ reported the quarter ended March 31, 2024 results: net income $30.6 million, EPS $1.58 per share.
  - Period: the quarter ended March 31, 2024
  - Net income: $30.6 million
  - EPS: $1.58 per share
  - Result: reported results
  source text: Republic Bancorp, Inc. Reports First Quarter 2024 Net Income of $30.6 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/921557/000155837024005685/0001558370-24-005685-index.htm

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