Republic Bancorp, Inc. (RBCAA) financial statements (2023 and earlier)

Company profile

Business Address REPUBLIC CORPORATE CENTER
LOUISVILLE, KY 40202
State of Incorp. KY
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments760489388354299289210
Cash and cash equivalents757486385351299289210
Short-term investments3333   
Total current assets:760489388354299289210
Noncurrent Assets
Operating lease, right-of-use asset394335
Property, plant and equipment36404543434330
Intangible assets, net (including goodwill)25232221212115
Goodwill16161616161610
Intangible assets, net (excluding goodwill)9765555
Amortization method qualified affordable housing project investments   4   
Total noncurrent assets:10010610368646445
Other undisclosed assets5,2345,5735,1294,8184,7224,4633,975
TOTAL ASSETS:6,0946,1685,6205,2405,0854,8164,230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1030120100118145
Total current liabilities: 1030120100118145
Noncurrent Liabilities
Liabilities, other than long-term debt23282514   
Qualified affordable housing project investments, commitment23282514   
Total noncurrent liabilities:23282514   
Other undisclosed liabilities5,2365,3074,8014,4164,3534,0943,509
Total liabilities:5,2595,3454,8564,5504,4534,2123,654
Stockholders' equity
Stockholders' equity attributable to parent834823764690632604577
Common stock5555555
Additional paid in capital140144142141139138137
Accumulated other comprehensive income (loss)293(1)012
Retained earnings688666614545488461433
Total stockholders' equity:834823764690632604577
TOTAL LIABILITIES AND EQUITY:6,0946,1685,6205,2405,0854,8164,230

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues307319311289239195163
Net investment income225251274249215172141
Cost of revenue(15)(31)(26)(31)(28)(14)(5)
Provision for loan, lease, and other losses(15)(31)(26)(31)
Financial services costs(28)(14)(5)
Gross profit:293288285258211180157
Operating expenses(51)(54)(50)(49)(128)(110)(94)
Other operating income, net
(Noninterest Income, Other Operating Income)
    444
Operating income:241234236209877567
Nonoperating income    685
Investment income, nonoperating    474
Bank owned life insurance income    221
Interest and debt expense(6)(20)(45)(30)(20)(18)(18)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(125)(111)(78)(85)540
Income from continuing operations before income taxes:11010311394786953
Income tax expense(24)(19)(21)(16)(33)(23)(18)
Net income available to common stockholders, basic:87839278464635
Dilutive securities, effect on basic earnings per share(0)(0)(0)(0)(0)  
Net income available to common stockholders, diluted:87839278464635

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:87839278464635
Other comprehensive income (loss) 0(0)000(2)
Comprehensive income:87839178464633
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7)54(2)(1)(2) 
Comprehensive income, net of tax, attributable to parent:80899676454533

Statements sources

The financial statements are based on the company's filings with the 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.

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