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Dec 31, 2019
Republic Bancorp Q4 2019 Earnings Report
Net income increased by 49% year-over-year, resulting in diluted EPS of $1.23.
Key Takeaways
Republic Bancorp reported a strong fourth quarter with a 49% increase in net income compared to the same period last year, driven by solid balance sheet growth and favorable asset quality.
Reported Q4 net income of $25.8 million, a 49% increase year-over-year.
Diluted earnings per Class A Common Share were $1.23.
Adjusted Q4 net income was $18.8 million, a 9% increase year-over-year, excluding one-time benefits from branch sales.
Core Bank net income increased by $7.1 million, or 44%, compared to Q4 2018.
Republic Bancorp
Republic Bancorp
Republic Bancorp Revenue by Segment
Revenue by Segment
Traditional Banking Revenue
CapyFin.comWarehouse Lending Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.comTax Refund Solutions Revenue
CapyFin.comRepublic Credit Solutions Revenue
CapyFin.com Forward Guidance
Looking ahead to 2020, Republic Bancorp is cautiously optimistic, with a well-positioned balance sheet and capital levels for an uncertain interest rate environment.
Positive Outlook
- Balance sheet and capital levels are well-positioned for an uncertain interest rate environment.
- Talent level is second to none.
- Strong management team.
- Over 1,000 dedicated associates.
- Willingness to go the extra mile each and every day in efforts to make Republic one of the best performing banks in the industry.