Republic Bancorp Inc. (RBCAA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
REPUBLIC CORPORATE CENTER LOUISVILLE, KY 40202 |
| State of Incorp. | KY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 400,340 | 546,598 | 316,741 | 219,790 | 242,089 | 249,396 | |||
| Cash and cash equivalents | 400,059 | 546,363 | 316,567 | 219,653 | 241,967 | 249,289 | |||
| Short-term investments | 281 | 235 | 174 | 137 | 122 | 107 | |||
| Total current assets: | 400,340 | 546,598 | 316,741 | 219,790 | 242,089 | 249,396 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 31,720 | 33,210 | 34,691 | 35,907 | 34,939 | 36,245 | |||
| Property, plant and equipment | 33,224 | 33,557 | 33,411 | 33,926 | 33,840 | 33,672 | |||
| Intangible assets, net (including goodwill) | 40,516 | 40,516 | 47,927 | 40,516 | 40,516 | 41,618 | |||
| Goodwill | 40,516 | 40,516 | 40,516 | 40,516 | 40,516 | 41,618 | |||
| Intangible assets, net (excluding goodwill) | 7,411 | ||||||||
| Investment, proportional amortization method, elected, amount | 73,621 | 75,055 | 76,047 | 77,426 | 73,901 | ||||
| Total noncurrent assets: | 105,460 | 180,904 | 191,084 | 186,396 | 186,721 | 185,436 | |||
| Other undisclosed assets | 6,110,774 | 6,148,090 | 6,087,066 | 5,980,289 | 5,940,969 | 5,639,259 | |||
| TOTAL ASSETS: | 6,616,574 | 6,875,592 | 6,594,891 | 6,386,475 | 6,369,779 | 6,074,091 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 100,000 | 110,000 | |||||||
| Total current liabilities: | 100,000 | 110,000 | |||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 56,093 | 58,619 | 58,858 | 55,998 | 42,437 | ||||
| Investment program, proportional amortization method, elected, commitment | 56,093 | 58,619 | 58,858 | 55,998 | 42,437 | ||||
| Total noncurrent liabilities: | 56,093 | 58,619 | 58,858 | 55,998 | 42,437 | ||||
| Other undisclosed liabilities | 5,561,151 | 5,883,916 | 5,513,516 | 5,434,217 | 5,426,810 | 5,149,452 | |||
| Total liabilities: | 5,661,151 | 5,940,009 | 5,682,135 | 5,493,075 | 5,482,808 | 5,191,889 | |||
| Equity | |||||||||
| Equity, attributable to parent | 955,423 | 935,583 | 912,756 | 893,400 | 886,971 | 882,202 | |||
| Common stock | 4,581 | 4,578 | 4,553 | 4,572 | 4,617 | 4,648 | |||
| Additional paid in capital | 144,139 | 142,091 | 142,124 | 141,621 | 142,462 | 142,601 | |||
| Accumulated other comprehensive loss | (18,793) | (19,922) | (20,408) | (30,601) | (31,368) | (28,074) | |||
| Retained earnings | 825,496 | 808,836 | 786,487 | 777,808 | 771,260 | 763,027 | |||
| Total equity: | 955,423 | 935,583 | 912,756 | 893,400 | 886,971 | 882,202 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,616,574 | 6,875,592 | 6,594,891 | 6,386,475 | 6,369,779 | 6,074,091 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 86,882 | 120,292 | 81,888 | 78,844 | 84,180 | 115,323 | ||
| Net investment income | 91,750 | 123,359 | 87,245 | 82,967 | 76,984 | 97,212 | ||
| Cost of revenue | (5,566) | (30,622) | (10,989) | (3,730) | (6,139) | (26,766) | ||
| Provision for loan, lease, and other losses | (5,143) | (30,622) | (10,989) | (3,730) | (6,139) | (26,766) | ||
| Gross profit: | 81,316 | 89,670 | 70,899 | 75,114 | 78,041 | 88,557 | ||
| Operating expenses | (14,224) | (14,332) | (14,022) | (13,540) | (13,980) | (15,342) | ||
| Operating income: | 67,092 | 75,338 | 56,877 | 61,574 | 64,061 | 73,215 | ||
| Nonoperating income | 1,889 | |||||||
| Investment income, nonoperating | 1,097 | |||||||
| Bank owned life insurance income | 792 | |||||||
| Interest and debt expense | (33,713) | (24,003) | (21,043) | (14,525) | (7,714) | |||
| Income from continuing operations before equity method investments, income taxes: | 68,981 | 41,625 | 32,874 | 40,531 | 49,536 | 65,501 | ||
| Other undisclosed loss from continuing operations before income taxes | (36,876) | (2,926) | (9,355) | (13,459) | (23,028) | (29,387) | ||
| Income from continuing operations before income taxes: | 32,105 | 38,699 | 23,519 | 27,072 | 26,508 | 36,114 | ||
| Income tax expense | (6,899) | (8,093) | (3,860) | (5,501) | (5,456) | (8,022) | ||
| Net income available to common stockholders, basic: | 25,206 | 30,606 | 19,659 | 21,571 | 21,052 | 28,092 | ||
| Dilutive securities, effect on basic earnings per share | (33) | (36) | (30) | (25) | (8) | (21) | ||
| Net income available to common stockholders, diluted: | 25,173 | 30,570 | 19,629 | 21,546 | 21,044 | 28,071 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 25,206 | 30,606 | 19,659 | 21,571 | 21,052 | 28,092 | ||
| Other comprehensive loss | (1,048) | |||||||
| Comprehensive income: | 24,158 | 30,606 | 19,659 | 21,571 | 21,052 | 28,092 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2,177 | 486 | 10,193 | 767 | (3,294) | 3,905 | ||
| Comprehensive income, net of tax, attributable to parent: | 26,335 | 31,092 | 29,852 | 22,338 | 17,758 | 31,997 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.