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Sep 30, 2021
Republic Bancorp Q3 2021 Earnings Report
Reported a 7% increase in net income from continuing operations compared to Q3 2020.
Key Takeaways
Republic Bancorp reported a solid third quarter with a 7% increase in net income from continuing operations compared to the same period last year. Diluted EPS also increased, driven by the company's stock buyback program and expense management.
Net income from continuing operations increased by 7% compared to the third quarter of 2020, reaching $18.4 million.
Diluted EPS from continuing operations rose by approximately 10% to $0.91, compared to $0.83 in the third quarter of 2020.
Net income from Core Banking operations was up 12% for the quarter, driven by a reduction in Provision and offset by a decrease in Mortgage Banking income.
Deposits reached a record level of $4.9 billion, a 5% increase since December 31, 2020.
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