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Jun 30, 2023
Republic Bancorp Q2 2023 Earnings Report
Reported a decrease in net income and diluted EPS compared to Q2 2022, but operating net income increased due to loan growth and disciplined expense control.
Key Takeaways
Republic Bancorp reported a net income of $21.1 million and diluted EPS of $1.07 for Q2 2023, compared to $24.3 million and $1.22 per share in Q2 2022. However, operating net income increased by 34% year-over-year, driven by loan growth in the Traditional Banking segment and disciplined expense control.
Total Company Operating net income increased by 34% compared to Q2 2022.
Core Bank net income increased compared to Q2 2022.
Traditional Bank segment experienced strong loan growth and increased net interest margin.
Core Bank's credit quality metrics remained strong.
Republic Bancorp
Republic Bancorp
Republic Bancorp Revenue by Segment
Revenue by Segment
Traditional Banking Revenue
CapyFin.comWarehouse Lending Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.com