Welcome to our dedicated page for Republic Bancorp Ky news (Ticker: RBCAA), a resource for investors and traders seeking the latest updates and insights on Republic Bancorp Ky stock.
Republic Bancorp Inc (RBCAA), Kentucky's largest locally-owned community bank, provides comprehensive financial services through its retail, commercial, and specialized lending divisions. This page serves as the authoritative source for all official announcements and third-party coverage related to the company's operations across six states.
Investors and stakeholders will find curated updates including earnings reports, strategic partnerships, and regulatory developments, alongside analysis of market trends affecting community banking. The repository consolidates press releases about mortgage services innovations, tax refund solutions enhancements, and credit facility expansions.
Content is organized to facilitate tracking of RBCAA's financial performance and community initiatives, with particular emphasis on its dual focus on traditional branch banking and digital payment solutions. Users can expect timely updates on leadership changes, dividend declarations, and operational milestones without promotional bias.
Bookmark this page to monitor how Republic Bancorp's warehouse lending growth and multi-state expansion align with broader industry movements. Check regularly for objective reporting on RBCAA's role in shaping regional economic development through accessible financial services.
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.
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.
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.
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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