Republic Bancorp, Inc. Declares Common Stock Dividends

Rhea-AI Summary

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

Positive

• The declaration of a cash dividend indicates the company's financial stability and commitment to rewarding shareholders.
• The company's presence in 5 metropolitan statistical areas across 5 states demonstrates a broad geographical reach and potential for market growth.
• Republic Bank & Trust Company's internet banking services at www.republicbank.com offer convenient access to customers, enhancing customer satisfaction and loyalty.

Negative

• None.

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, declared a 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, to shareholders of record as of December 15, 2023.

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 Township in Ohio, and Bellevue, Covington, Crestview Hills, and Florence in Kentucky; seven centers within the Tampa MSA in Largo, New Port Richey, St. Petersburg, Seminole, St. Petersburg 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. As of September 30, 2023, the Company had approximately $6.4 billion in assets and is headquartered in Louisville, Kentucky. 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/20231115806224/en/

Steve Trager

Executive Chair

502-584-3600

Source: Republic Bancorp, Inc.

FAQ

What is the dividend amount declared by Republic Bancorp, Inc.?

Republic Bancorp, Inc. declared a cash dividend of $0.374 per share on Class A Common Stock and $0.34 per share on Class B Common Stock.

When will the dividend be payable to shareholders?

The dividend will be payable on January 19, 2024, to shareholders of record as of December 15, 2023.

How many banking centers does Republic Bank & Trust Company have?

Republic Bank & Trust Company has 47 banking centers in communities within five metropolitan statistical areas across five states.

Where is Republic Bancorp, Inc. headquartered?

Republic Bancorp, Inc. is headquartered in Louisville, Kentucky.