Republic Bancorp Q2 net income up 25% to $31.5M; EPS $1.61

REPUBLIC BANCORP INC /KY/

Net income $31.5M, Diluted EPS $1.61; up 25% and 24% YoY respectively.
Core Bank NIM expanded 26 bps to 3.72%; net interest income rose 13% to $59.9M.
Provision for credit losses was $1.8M vs $5.1M a year ago; net charge-offs improved.
Republic Processing Group net income up 25% to $12.8M, led by Republic Credit Solutions up 40%.
CEO cites solid earnings metrics, balance sheet expansion, and low core bank charge-offs.

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