Republic Bancorp Inc (OQ:RBCAA)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 601 WEST MARKET ST REPUBLIC CORPORATE CENTER LOUISVILLE KY 40202 |
| Tel: | 1-502-5608628 |
| Website: | https://www.republicbank.com |
| IR: | See website |
| Key People | ||
| Steven E. Trager Executive Chairman of the Board, Chief Executive Officer | Anthony T. Powell Executive Vice President of Republic Bank and Trust | A. Scott Trager President, Vice Chairman of the Board |
| Kevin D. Sipes Chief Financial Officer, Executive Vice President, Chief Accounting Officer | Logan M. Pichel Director, President and Chief Executive Officer of Republic Bank and Trust and Company | William R. Nelson President of Republic Bank and Trust Republic Processing Group |
| Andrew Trager-Kusman Director, Senior Vice President of Republic Bank and Trust Company | Pedro A. Bryant Executive Vice President of Republic Bank and Trust | Steven E. Deweese Executive Vice President of Republic Bank and Trust | Juan M. Montano Executive Vice President of Republic Bank and Trust |
| Business Overview |
| Republic Bancorp, Inc. is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank provides both traditional and non-traditional banking products. Its segments include Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions (TRS), Republic Payment Solutions (RPS), and Republic Credit Solutions (RCS). Its Traditional Banking products and services are offered through the Company's traditional RB&T brand. The Warehouse segment provides short-term, revolving credit facilities to mortgage bankers across the United States. Mortgage Banking activities primarily include fixed-term single-family, first-lien residential real estate loans. Through the TRS segment, the Bank facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers. The RPS segment offers a range of payments-related products and services to consumers. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Republic Bancorp Inc interest income increased 46% to $356.1M. Net interest income after loan loss provision increased 13% to $241.2M. Net income decreased 1% to $90.4M. Net interest income after loan loss provision reflects Traditional Banking segment increase of 9% to $185.8M, Republic Payment Solution segment increase from $4.8M to $15.7M, Net Interest Spread, Total -% increase of 1% to 4.07%. |
| Employees: | 1,010 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $747.89M as of Dec 31, 2023 |
| Annual revenue (TTM): | $356.06M as of Dec 31, 2023 |
| EBITDA (TTM): | $139.50M as of Dec 31, 2023 |
| Net annual income (TTM): | $90.37M as of Dec 31, 2023 |
| Free cash flow (TTM): | $73.29M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 19,402,848 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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