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Sep 30, 2024
Republic Bancorp Q3 2024 Earnings Report
Republic Bancorp reported a strong third quarter with increased net income and diluted EPS compared to the same period last year.
Key Takeaways
Republic Bancorp reported a net income of $26.5 million and diluted EPS of $1.37 for Q3 2024, representing increases of 23% and 25% respectively, compared to Q3 2023. The company's balance sheet showed positive trends with deposit growth and strategic loan portfolio management.
Net income increased by 23% compared to the third quarter of 2023.
Diluted EPS increased by 25% compared to the third quarter of 2023.
Deposits grew by $33 million during the quarter.
Loan portfolio grew by $46 million in Warehouse lending and $9 million in Republic Credit Solutions.
Republic Bancorp
Republic Bancorp
Forward Guidance
Republic Bancorp believes it is well-positioned to finish the year on a high note, with strong capital levels and favorable credit quality.