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Mar 31, 2021
Republic Bancorp Q1 2021 Earnings Report
Republic Bancorp's first quarter net income decreased due to Tax Refund Solutions segment and was partially offset by Core Banking operations' strong performance.
Key Takeaways
Republic Bancorp reported a net income of $20.4 million for the first quarter, a decrease of 23% compared to the same period last year. The decline was primarily attributed to a negative swing in the Tax Refund Solutions segment, while the Core Banking operations experienced a 64% increase in net income.
Net income was $20.4 million, a 23% decrease compared to Q1 2020.
Diluted earnings per Class A Common Share was $0.98.
Return on average assets was 1.30%.
Core Banking operations' net income increased by 64% compared to Q1 2020.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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