Loading...
•
Sep 30, 2022
Republic Bancorp Q3 2022 Earnings Report
Reported net income for the third quarter of 2022.
Key Takeaways
Republic Bancorp reported a net income of $19.5 million for the third quarter of 2022, with diluted earnings per Class A Common Share of $0.99. The company's performance was driven by disciplined overhead expense management and expansion in net interest margin, offsetting declines in PPP revenues and mortgage banking income.
Republic Bancorp reported a third quarter net income of $19.5 million, with diluted EPS of $0.99.
Net income from Core Banking was $15.0 million in Q3 2022, compared to $15.5 million in Q3 2021.
Traditional Bank net interest income, excluding PPP, increased by $11.7 million, or 34%, and NIM expanded 75 basis points to 3.62%.
The Republic Processing Group reported net income of $4.5 million for Q3 2022, matching net income for the same period in 2021.
Republic Bancorp
Republic Bancorp
Republic Bancorp Revenue by Segment
Revenue by Segment
Warehouse Lending Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.com