Republic Bancorp, Inc. Declares Common Stock Dividends

Rhea-AI Summary

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.

Positive

• Declared a cash dividend of $0.407 per share on Class A Common Stock.
• Declared a cash dividend of $0.37 per share on Class B Common Stock.
• Dividends payable on July 19, 2024, provide a clear timeline for investors.
• Operates 47 banking centers across five states, indicating a broad and diverse market presence.
• As of March 31, 2024, had approximately $6.9 billion in total assets, demonstrating significant financial strength.
• Class A Common Stock is listed on NASDAQ, ensuring high visibility and accessibility to investors.

Negative

• The PR does not mention any increase in dividends compared to previous periods, potentially indicating stagnant or unimproved financial performance.
• No new business developments or expansions were announced, which could be seen as a lack of growth momentum.
• The financial figures provided do not include any recent quarterly earnings, leaving out current financial performance metrics.

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, 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 July 19, 2024, to shareholders of record as of June 21, 2024.

Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 47 banking centers in communities within five metropolitan statistical areas (“MSAs”) across five states: 22 banking centers located within the Louisville MSA in Louisville, Prospect, Shelbyville, and Shepherdsville in Kentucky, and Floyds Knobs, Jeffersonville, and New Albany in Indiana; six banking centers within the Lexington MSA in Georgetown and Lexington in Kentucky; eight banking centers within the Cincinnati MSA in Cincinnati and West Chester in Ohio, and Bellevue, Covington, Crestview Hills, and Florence in Kentucky; seven banking centers within the Tampa MSA in Largo, New Port Richey, St. Petersburg, Seminole, and Tampa in Florida; and four banking centers within the Nashville MSA in Franklin, Murfreesboro, Nashville and Spring Hill, Tennessee. In addition, Republic Bank Finance has one loan production office in St. Louis, Missouri. The Bank offers internet banking at www.republicbank.com. The Company is headquartered in Louisville, Kentucky, and as of March 31, 2024, had approximately $6.9 billion in total assets. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.

Republic Bank. It’s just easier here. ^®

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515616461/en/

Steve Trager, 502-584-3600

Executive Chair

Source: Republic Bancorp, Inc.

FAQ

What dividend did Republic Bancorp declare on Class A Common Stock?

Republic Bancorp declared a cash dividend of $0.407 per share on Class A Common Stock.

What dividend did Republic Bancorp declare on Class B Common Stock?

Republic Bancorp declared a cash dividend of $0.37 per share on Class B Common Stock.

When will Republic Bancorp's dividends be payable?

The dividends will be payable on July 19, 2024.

What is the record date for Republic Bancorp's dividends?

The record date for the dividends is June 21, 2024.

In which states does Republic Bancorp operate banking centers?

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

What is the asset value of Republic Bancorp as of March 31, 2024?

As of March 31, 2024, Republic Bancorp had approximately $6.9 billion in total assets.

What is the NASDAQ symbol for Republic Bancorp's Class A Common Stock?

The NASDAQ symbol for Republic Bancorp's Class A Common Stock is RBCAA.