earnings
confidence high
sentiment positive
materiality 0.75
Republic Bancorp Q3 net income $26.5M, up 23% YoY; Diluted EPS $1.37, up 25%
REPUBLIC BANCORP INC /KY/
- Net income $26.5M (Diluted EPS $1.37) vs $21.6M ($1.10) in Q3 2023, increases of 23% and 25%.
- YTD net income $82.4M, up 16% YoY; ROA 1.60%, ROE 11.53%.
- Core Bank net income rose 30% to $17.2M; NIM expanded to 3.53% from 3.43%.
- Republic Processing Group net income $9.4M, up 12%; Republic Credit Solutions up 29%.
- Nonperforming loans to total loans stable at 0.38%; credit quality remains favorable.