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.

Total Revenue

$58M

Previous year: $52.3M