Business
Republic Bancorp Reports a 20% Increase in Fourth Quarter Net Income and Record Net Income for the Year
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Republic Bancorp, Inc. (“Republic” or the “Company”) reported fourth quarter 2025 net income and Diluted Earnings per
About this update from Republic Bancorp, Inc.
[{"type":"text","content":" LOUISVILLE, Ky.--(BUSINESS WIRE)--\nRepublic Bancorp, Inc. (“Republic” or the “Company”) reported fourth quarter 2025 net income and Diluted Earnings per Class A Common Share (“Diluted EPS”) of $22.8 million and $1.17 per share, representing increases of 20% and 19%, over the $19.0 million and $0.98 per share reported for the fourth quarter of 2024. As a result, the Company achieved a return on average assets (“ROA”) and a return on average equity (“ROE”) of 1.28% and 8.20% for the fourth quarter of 2025.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260130787731/en/\nLogan Pichel, President & CEO of Republic Bank & Trust Company, stated: “We delivered strong fourth-quarter results with net income of $22.8 million, up 20% from the prior year and representing another solid all-around quarter. Strategic actions—including disciplined loan and deposit pricing, as well as an on-going reallocation of interest-earning cash into higher-yielding investment alternatives — continued to drive meaningful net interest margin (“NIM”) growth within our Core Bank(2). The quarter also featured strong loan production across both Warehouse Lending and the Traditional Bank.\n\n\nIn addition to our solid Core Bank net interest income results, our credit quality metrics remained solid throughout 2025 and at year-end. For the year, the Core Bank’s net charge-offs to average loans was 0.03%, while nonperforming loans and delinquent loans represented just 0.45% and 0.26% of total loans as of December 31, 2025. These ratios remain among the best in the industry and underscore the strength and resilience of our Core Bank portfolio.\n\n\nWe continued to enhance our balance sheet liquidity during 2025, as Core Bank period-end deposits(9), excluding wholesale brokered deposits and listing service deposits, increased by $218 million, or 5%, during the year. In addition, Total Company period-end loans increased $7 million during the year, as an increase of $203 million in period-end Warehouse loan balances was substantially offset by a decline of $23 million in Traditional Bank balances, a $158 million decrease in TRS loan balances and a $15 million decline in RCS loan balances. Excluding an $82 million reclassification(3) of Republic Bank Finance (“RBF”) loans and leases into the HFS category d...