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Mar 31, 2020
Republic Bancorp Q1 2020 Earnings Report
Republic Bancorp reported a net income of $26.7 million for Q1 2020, with diluted EPS of $1.28, ROA of 1.90%, and ROE of 13.71%.
Key Takeaways
Republic Bancorp reported a net income of $26.7 million for the first quarter of 2020, a 10% decrease compared to the first quarter of 2019, primarily due to an increase in the allowance for credit losses related to the potential impact of the COVID-19 pandemic.
Net income was $26.7 million, down 10% from Q1 2019.
Diluted EPS was $1.28.
Return on average assets (ROA) was 1.90%.
Return on average equity (ROE) was 13.71%.
Republic Bancorp
Republic Bancorp
Republic Bancorp Revenue by Segment
Revenue by Segment
Traditional Banking Revenue
CapyFin.comWarehouse Lending Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.comTax Refund Solutions Revenue
CapyFin.comRepublic Credit Solutions Revenue
CapyFin.com Forward Guidance
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in the preceding paragraphs are based on our current expectations and assumptions regarding our business, the future impact to our balance sheet and income statement resulting from changes in interest rates, the yield curve, the ability to develop products and strategies in order to meet the Company’s long-term strategic goals, the economy, and other future conditions, including, but not limited to, the impact of the COVID-19 pandemic.