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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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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