Republic Bancorp, Inc. · NASDAQ:RBCAA
Republic Bancorp — Investor Presentation (September 2009)
34 slides from Republic Bancorp's investor presentation, Sep 9, 2009
Slide 1: ‘odman
‘odman ensnaw
Slide 2: Safe Harbor
RaMaw Safe Harbor During the course of this p ion, we will be providing you with a discussion of some of the factors we currently anticipate may influence the future results of Republic Bancorp, Inc. (‘Republic” or the “Company”), as well as certain financial projections. We want to emphasize that t
Slide 3: Steve Trager, President and Chief Executive Officer
Steve Trager President and Chief Executive Officer RaMaw
Slide 4: Stock Overview
eee} Stock Overview 41998 - IPO completed 2.14 million shares issued NASDAQ Symbol RBCAA Shares Outstanding 20.7 million at 6/30/09 Market Capitalization $497 million at 8/21/09 Stock Price 1/1/08 $16.53, Stock Price 1/1/08 $27.20 Stock Price 8/21/09 $23.92 Book Value Per Share $14.92 at 6/30/09 ‘Av
Slide 5: Company Profile
eee) Company Profile > Iman enshaw | REPUBLIC BANK | Largest Kentucky based bank holding / company with total assets of $3.1 billion at 6/30/09 Holding Company for Republic Bank & Trust Company and Republic Bank (Florida) = 44 locations in KY, IN, OH and FL Operating Segments - Traditional banking :
Slide 6: Banking Market Overview
eee) Banking Market Overview Banking Center Locations: > Kentucky — 35 - Louisville — 20 - Central / Western — 12 = Northern - 3 > Ohio-1 > Indiana-3 (continued)
Slide 7: Banking Market Overview
eee) Banking Market Overview > Florida - Metropolitan Tampa — 5 » Acquired in October 2006 > Currently $117 million in total assets Reema | REPUBLIC BANK |
Slide 8: Highlights: Year ended December 31, 2008
Highlights Year ended December 31, 2008 RaMaw
Slide 9: 2008 Highlights
Slide 10: 2008 Highlights
e © e| 2008 Highlights > Rodman &Renshaw REPUBLIC BANK Industry leading performance with record net income, ROA 1.04% and ROE 12.58% Industry strong credit quality Net interest income increased $35.2 million, or 37% Opened six new banking centers Stock price appreciation Originated $780 million in l
Slide 11: Net Income
eee! Net Income \ In Millions $28.1 & s s > Performance Drivers - Increased net interest income : Strong fee based non interest income #) - Non interest expense control Raw: : Strong asset quality REPUBLIC BANK
Slide 12: Diluted Earnings
Diluted Earnings °s Per Class A Common Stock $1.62 2006 2007 2008 > 9.54% three year compound growth rate for EPS RGitaw: \
Slide 13: Net Loan Charge Offs
eee, Net Loan Charge Offs (Traditional Banking) O Peer Republic To Average Loans 0.91% © A % Raw: ws aS RS \
Slide 14: Results of Operations
Results of Operations RaMaw
Slide 15: Net Interest Income
Net Interest Income In Millions $129.7 a s s > Performance Drivers - Lowering cost of deposits ° s Rodman i - Widening net interest margin . bas + Credit quality control + Significant TRS contribution
Slide 16: Outstanding Three-Year Record
eee) Outstanding Three-Year Record | Compound Annual / Growth Rate Diluted EPS 9.54% Cash Dividends declared (Class A) 14.15% Stock Price Per Share 6.68% Book Value Per Share 7.72% Rodman &Renshaw | REPUBLIC BANK |
Slide 17: Highlights: First Six Months of 2009
RaMaw Highlights First Six Months of 2009
Slide 18: First Six Months of 2009 Highlights
@ @ @| First Six Months of 2009 Highlights | > > BRGaw: > Total net income of $32.6 million, a 14% increase over first six months of 2008 « TRS segment net income increased $4.8 million, or 28% + $3.9 million increase in Mortgage Banking net income over prior year $8 billion electronic refunds proce
Slide 19: First Six Months of 2009 Highlights
@ e e| First Six Months of 2009 Highlights | > Traditional Banking and Mortgage Banking net income, / excluding securities gains and losses and FDIC Special Assessment, up 6% over first six months of 2008 > Capital ratios continued to exceed “well capitalized” with a total risk based capital ratio o
Slide 20: First Six Months of 2009 Highlights: Best of the Bunch
@ @ @| First Six Months of 2009 Highlights Best of the Bunch > Rated 10" best performing bank in the > Rated i > bank in the ‘country by Bank Director Magazine ‘country by ABA Banking Journal ‘country by US Banker Magazine RReiaw \ 20
Slide 21: Tax Season Overview
: REPUBLIC @ @ ®| Tax Season Overview ti a Vax Hefund Solutions® > 2.3 Million Customers > $8 Billion of Tax Refunds Processed > 55% increase in the amount of refunds processed » 727,000 Refund Anticipation Loans (“RALs”) | > $2.5 Billion of RALs processed > Uncollected RALs of 1.02% at June 30, 200
Slide 22: Loan Production
eee! Loan Production In Millions g4aq . $475 $472 & aS s EES @& aw Ky REPUBLIC BANK SY 22
Slide 23: Net Income (excluding Securities Gains and Losses & FDIC Special Assessment)
eee N et In COME (excluding Securities Gains and Losses & FDIC Insurance Special Assessment) Inmilions $36.8 REPUBLIC BANK
Slide 24: Net Interest Income - Traditional Banking Segment
Net Interest Income — eee che 5 Traditional Banking Segment \ \ Jn Millions Bc ecda $42.2 [ Redman Ke & ye" 24
Slide 25: Lending Strategy - June 30, 2009
e@ ee! Lending Strategy — June 30, 2009 o Industry leading credit quality o 98% of loans in Kentucky and Southern Indiana market footprint o Diversification between Consumer and Commercial o Focus on segments where high touch service matters 2 Locally owned business, © Immarket investment rea estate
Slide 26: Deposit Mix - June 30, 2009
eee! Deposit Mix — June 30, 2009 Interest Bearing Total Non-Interest Bearing Deposits (NoW and 19% SuperNow) Retail COARS % Money Market institutional Brokered Cortitcates of Deposit % Cortiicates of bag ‘Savings a mon man enshaw 2"¢ Qtr 2009 Cost of Deposits: 1.25% 26
Slide 27: 2009 Traditional Banking Segment
e ee | 2009 Traditional Banking Segment Deposit Analysis (excludes Institutional Brokered Deposits) (in thousands) As of As of YID Jun 30, 2009 _Dec 31, 2008 Change NON-INT BEARING DEPOSITS $ 322,715 $$ «267,937 «$= 54,778 NOW & PASSBOOK SAVINGS 251,681 215,930 35,751 MONEY MARKET & SUPER NOW 504,32
Slide 28: Asset Quality - June 30, 2009
e © e| Asset Quality — June 30, 2009 | / Republic Peer“) Non-performing 1.37% 3.47% loans to total loans Delinquent loans to 1.71% 5.09% total loans ) Peer Data obtained from June 30, 2009 Uniform Bank Performance Report (“UBPR”) iman Renshaw | REPUBLIC BANK |
Slide 29: Net Loan Charge Offs
eee| Net Loan Charge Offs (Traditional Banking Segment) \ To Average Loans Peer O Republic im. Raw: s s s & REPUBLIC BANK XX 29
Slide 30: Non Performing Loans
eee) Non Performing Loans \ To Total Loans 3.47% RReitaw = 30
Slide 31: Growth Strategies / Strategic Initiatives
> > Growth Strategies / Strategic Initiatives Secondary Market lending / Attract customers leaving troubled institutions looking for safety and soundness Add strategically located banking centers and make selective acquisitions Outperform peer financial performance Focus on core deposit growth initi
Slide 32: 2009 Challenges & Opportunities
eee) 2009 Challenges & Opportunities Challenges > Improve net interest margin by capitalizing on low cost deposit opportunities within Treasury Management > Non-interest expense control > Reduce overhead costs > Continue to increase the solid returns we achieved at TRS > Expand product offerings to
Slide 33: We were here for you yesterday.
We were here for you yesterday. We are here for you today. We will be here for you tomorrow.™ Renaw |
Slide 34: Thank You
Republic Bancorp — Investor Presentation (September 2009) on 6ix