---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009902"
form_type: "8-K"
ticker: "RBCAA"
cik: "0000921557"
company_name: "REPUBLIC BANCORP INC /KY/"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:26:57.474588+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Republic Bancorp Q2 2024 net income $25.2M (+20% YoY); EPS $1.30 (+22%)

## Summary
- Core Bank net interest income $52.8M (+3% YoY); NIM 3.46% vs 3.65% due to funding mix shift.
- RPG net income $10.2M (+14% YoY); RCS up 29% to $5.0M, TRS up to $3.1M.
- Noninterest expenses down 6% to $42.6M on 42 FTE reduction; provision expense $1.1M vs $2.1M.
- Sold $67M of lower-yielding mortgage loans; borrowed $100M from FHLB at 4.42% to lower funding costs.
- Core Bank asset quality strong: net charge-offs 0.02% annualized, nonperforming loans 0.39% of total loans.

## SEC filing metadata
- accession: 0001558370-24-009902
- form_type: 8-K
- ticker: RBCAA
- cik: 0000921557
- company_name: REPUBLIC BANCORP INC /KY/
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921557/000155837024009902/0001558370-24-009902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921557/000155837024009902/rbcaa-20240719x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009902
- JSON: https://secwatch.observer/filing/0001558370-24-009902.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009902.txt

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