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Republic Bancorp, Inc. - RBCAA STOCK NEWS

Welcome to our dedicated page for Republic Bancorp news (Ticker: RBCAA), a resource for investors and traders seeking the latest updates and insights on Republic Bancorp stock.

Republic Bancorp Inc, headquartered in Louisville, Kentucky, is the largest locally-owned community bank in Kentucky. With 45 banking centers in Kentucky, Indiana, Florida, Tennessee, and Ohio, and $5.1 billion in assets, Republic offers a full range of competitive products and services to consumers, small business owners, and large corporations. Their goal is to make banking easier for clients by providing highly personalized service and exceeding expectations.

Republic Bank operates through six reportable segments including traditional banking, warehouse, mortgage banking, Tax Refund Solutions (TRS), Republic Payment Solutions, and Republic Credit Solutions. These segments offer retail and commercial lending, treasury management services, internet and mobile banking, and more. With a commitment to meeting customer needs and providing exceptional service, Republic Bancorp Inc continues to grow and innovate in the financial services industry.

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Republic Bancorp reported strong Q2 2024 results, with net income of $25.2 million and Diluted EPS of $1.30, representing increases of 20% and 22% over Q2 2023. Key highlights include:

- Core Bank net income increased 24% to $15.0 million
- Net interest income rose 3% to $52.8 million
- Noninterest expenses decreased 6% to $42.6 million
- Republic Processing Group net income grew 14% to $10.2 million

The company maintained excellent asset quality with net charge-offs to average loans of only 0.02%. While loan growth slowed due to pricing discipline, the bank achieved a high Net Promoter Score of 67.2, significantly above the industry average. Management remains focused on deposit growth and creating long-term shareholder value.

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Republic Bancorp, Inc. (NASDAQ: RBCAA), the parent company of Republic Bank & Trust Company, has declared a cash dividend for its shareholders. The company will pay $0.407 per share on Class A Common Stock and $0.37 per share on Class B Common Stock. The dividend is payable on October 18, 2024, to shareholders of record as of September 20, 2024.

Republic Bancorp operates 47 banking centers across five metropolitan statistical areas in Kentucky, Indiana, Ohio, Florida, and Tennessee. As of March 31, 2024, the company had approximately $6.9 billion in total assets. Republic Bank also offers internet banking services through its website www.republicbank.com.

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Republic Bancorp, parent company of Republic Bank & Trust, announced a cash dividend of $0.407 per share on Class A Common Stock and $0.37 per share on Class B Common Stock. The dividends will be payable on July 19, 2024, to shareholders of record as of June 21, 2024.

Republic Bancorp operates 47 banking centers in five states, including Kentucky, Indiana, Ohio, Florida, and Tennessee. The company offers internet banking services and has a loan production office in St. Louis, Missouri. As of March 31, 2024, Republic Bancorp had total assets of approximately $6.9 billion. The Class A Common Stock is listed on NASDAQ under the symbol RBCAA.

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Republic Bancorp, Inc. and Republic Bank & Trust Company have appointed two new directors, Yoania “Jo” Cannon and Alejandro “Alex” Sanchez, to their boards. Cannon brings strong managerial and finance expertise from positions at Brown-Forman , while Sanchez's background includes banking, military, and legal experience. Their addition is expected to enhance the company's strategic direction and community impact.

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Republic Bancorp, Inc. (NASDAQ: RBCAA) reported a strong first-quarter 2024 with a net income of $30.6 million. The company, based in Louisville, Kentucky, serves as the holding company for Republic Bank & Trust Company.
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Republic Bank, based in Kentucky, has been named a top-50 best-performing bank by S&P Global Market Intelligence. The bank achieved this ranking due to its strong financial performance, growth, and funding. Republic Bank stands out as the highest-ranked bank in Kentucky, showcasing its stability and commitment to clients.
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Republic Bank & Trust Company has been recognized as one of America’s Best Regional Banks and Credit Unions 2024 by Newsweek and Plant-A-Insights Group. This acknowledgment is based on real consumer input, showcasing the Bank's commitment to delivering customer-focused financial services. Republic was also named to Newsweek’s Best Online Lenders in America 2024 list, highlighting its technological leadership and customer-first approach.
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Republic Bancorp, Inc. (NASDAQ: RBCAA) is the holding company of Republic Bank & Trust Company, headquartered in Louisville, Kentucky. The company recently announced its financial results for the first quarter of 2021, reporting a net income of $14.9 million, a 39% increase from the same period last year. The total revenue also saw a significant rise, reaching $74.3 million, marking a 24% increase year-over-year. The Bank's total assets grew to $6.1 billion, reflecting a 17% increase from the first quarter of 2020. These positive financial indicators demonstrate the company's strong performance and growth in the current market conditions.
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Republic Bancorp, Inc. (RBCAA) announced a 9% increase in quarterly cash dividends for Class A and Class B Common Stock, payable on April 19, 2024. This results in an annualized dividend yield of 3.20% for Class A Common stock. The company has 47 banking centers across five states and approximately $6.6 billion in assets as of December 31, 2023.
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Republic Bancorp, Inc. (RBCAA) Declares Cash Dividend of $0.374 per Share on Class A Common Stock and $0.34 per Share on Class B Common Stock, Payable January 19, 2024
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FAQ

Where is Republic Bancorp Inc headquartered?

Republic Bancorp Inc is headquartered in Louisville, Kentucky.

What is the core business of Republic Bancorp Inc?

Republic Bancorp Inc provides traditional and non-traditional banking products through six reportable segments, including traditional banking, mortgage banking, and Republic Payment Solutions.

How many banking centers does Republic Bancorp Inc have?

Republic Bancorp Inc has 45 banking centers in Kentucky, Indiana, Florida, Tennessee, and Ohio.

What is the total assets of Republic Bancorp Inc?

Republic Bancorp Inc has $5.1 billion in assets.

What is the goal of Republic Bancorp Inc?

Republic Bancorp Inc aims to make banking easier for clients by offering competitive products and services with highly personalized service.

What are the business activities of the segments in Republic Bancorp Inc?

The business activities include retail and commercial lending, treasury management services, internet and mobile banking, and more.

How can clients contact Republic Bancorp Inc?

Clients can email questions to clientservice@republicbank.com or call 1-888-584-3600.

Is Republic Bancorp Inc a member of FDIC?

Yes, Republic Bancorp Inc is a member of FDIC and an equal housing lender.

What should clients remember regarding financial information?

Clients should never disclose account or financial information on any social media outlet.

What are the states where Republic Bancorp Inc has banking centers?

Republic Bancorp Inc has banking centers in Kentucky, Indiana, Florida, Tennessee, and Ohio.

Republic Bancorp, Inc.

Nasdaq:RBCAA

RBCAA Rankings

RBCAA Stock Data

1.31B
17.26M
52.21%
27.74%
0.26%
Commercial Banking
Finance and Insurance
Link
United States of America
LOUISVILLE