Republic Bancorp Inc Ky - RBCAA STOCK NEWS

Republic Bank & Trust Company has announced two key additions to its corporate leadership team. Cheryl VanAllen joins as Executive Vice President and Chief People Officer, bringing experience from KFC US where she led talent strategy and people analytics. Courtney Eder takes the role of Senior Vice President and Chief Marketing Officer, coming from Walmart where she managed marketing initiatives and led the Walmart+ membership program.

These appointments come as part of a leadership transition, with VanAllen replacing Margaret Wendler, who is retiring after 29 years of service, and Eder taking over from Jim Ensign, who will serve in an advisory role before retiring later in 2025. Both new executives will focus on strengthening the bank's talent operations and marketing strategy, respectively.

Republic Bancorp reported strong Q4 2024 performance with net income of $19.0 million and full-year net income of $101.4 million, representing a 12% increase from 2023. The company's Core Bank segment showed an 11% increase in net income over Q4 2023, driven by a $7.0 million rise in net interest income and growth in net interest margin from 3.40% to 3.64%.

Key highlights include strong credit quality metrics, with Core Bank's net charge-offs to average loans at 0.02% for Q4 and nonperforming loans to total loans at 0.44%. The company's total deposits grew by $157 million, while total loans increased by $200 million year-over-year. The stock generated a one-year total return of 30.3% in 2024, outperforming the NASDAQ Bank Index.

Notable achievements include a 21% increase in Traditional Banking net income, 37% growth in Warehouse Lending income, and a 28% rise in Republic Credit Solutions income for 2024.

Republic Bancorp (NASDAQ: RBCAA) has announced an 11% increase in its quarterly cash dividends, marking the 27th consecutive year of dividend increases. The new quarterly dividend will be $0.451 per Class A Common Stock share and $0.41 per Class B Common Stock share, payable April 18, 2025, to shareholders of record as of March 21, 2025.

The increased dividend represents an annualized yield of 2.61% for Class A Common stock, based on the January 21, 2025 closing price. The company, parent of Republic Bank & Trust Company, operates 47 banking centers across five metropolitan areas in Kentucky, Indiana, Ohio, Florida, and Tennessee, with approximately $6.7 billion in total assets as of September 30, 2024.

Republic Bank & Trust Company has been recognized as one of America's Best Regional Banks for 2025 by Newsweek and Plant-A Insights Group, marking the second consecutive year it has received this honor.

Republic is the only Louisville-based bank to be included in this prestigious list for both 2024 and 2025. The recognition is based on a comprehensive study involving over 9,000 institutions, more than 70,000 customer surveys, and millions of social media reviews.

Republic Bank President and CEO Logan Pichel expressed pride in the recognition, attributing it to customer feedback and the bank’s commitment to serving local communities. Pichel highlighted the bank's online lending capabilities as an example of its technological leadership and customer-first approach.

Newsweek Global Editor in Chief Nancy Cooper emphasized the importance of regional banks in supporting small businesses, funding local projects, and providing essential banking services. The complete list of recognized banks is available on Newsweek's website.

Republic Bancorp (NASDAQ: RBCAA) has declared a cash dividend of $0.407 per share on Class A Common Stock and $0.37 per share on Class B Common Stock, payable January 17, 2025, to shareholders of record as of December 20, 2024. The company operates 47 banking centers across five states through its subsidiary Republic Bank & Trust Company, with presence in Louisville, Lexington, Cincinnati, Tampa, and Nashville MSAs. As of September 30, 2024, the company had total assets of approximately $6.7 billion.

Republic Bancorp, Inc. reported strong financial results for Q3 2024, with net income of $26.5 million, a 23% increase from Q3 2023. Diluted EPS rose 25% to $1.37. Year-to-date net income reached $82.4 million, up 16% from 2023. The company's performance was driven by strategic initiatives to enhance revenue and maintain expense discipline.

Key highlights include:

• Core Bank net income increased 30% to $17.2 million
• Net interest income grew 9% to $54.6 million
• Net interest margin expanded to 3.53%
• Deposits grew by $33 million in Q3
• Loan-to-deposit ratio improved to 104%

The company's diversified business segments contributed to its success, with four out of five reportable segments showing solid increases in net income compared to Q3 2023.

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.