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Mar 31, 2023
Republic Bancorp Q1 2023 Earnings Report
Republic Bancorp reported a net income of $28.1 million and EPS of $1.42 for Q1 2023.
Key Takeaways
Republic Bancorp reported a net income of $28.1 million and diluted EPS of $1.42 for the first quarter of 2023. The company's operating net income, adjusted for specific items, increased by 29% compared to the first quarter of 2022. The Core Bank's operating net income also showed a significant increase, driven by growth in Traditional Bank net interest income.
Republic Bancorp reported Q1 2023 net income of $28.1 million, with diluted EPS at $1.42.
Total Company Operating net income increased by 29% compared to Q1 2022, after adjustments for the CBank acquisition and termination penalty.
Core Bank's net income increased by 35% compared to Q1 2022, with adjusted Operating net income up by 84%.
Traditional Bank experienced strong loan growth, with the CBank merger adding $218 million in loans and leases.
Republic Bancorp
Republic Bancorp
Republic Bancorp Revenue by Segment
Revenue by Segment
Warehouse Lending Revenue
CapyFin.comMortgage Banking Revenue
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