Republic Bancorp, Inc. · NASDAQ:RBCAA
Republic Bancorp — Investor Presentation (June 2011)
27 slides from Republic Bancorp's investor presentation, Jun 9, 2011
Slide 1: Other Placeholder: Thursday, June 9, 2011
Slide: 1 Other Placeholder: 1 Thursday, June 9, 2011
Slide 2: Safe Harbor
Slide: 2 Other Placeholder: 2 Title: Safe Harbor Body: During the course of this presentation, 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 financ
Slide 3: Steve Trager, President and Chief Executive Officer
Slide: 3 Other Placeholder: 3 Body: Steve TragerPresident and Chief Executive Officer
Slide 4: Company Profile
Slide: 4 Other Placeholder: 4 Title: Company Profile Body: Second largest Kentucky based bank holding company with total assets of $3.4 billion at 3/31/11Holding Company for Republic Bank & Trust Company (Kentucky) and Republic Bank (Florida)43 locations in KY, IN, OH and FLDiverse Business Operatin
Slide 5: Stock Overview
Stock Overview 1998 – IPO completed 2.14 million shares issued p NASDAQ Symbol RBCAA Shares Outstanding – 3/31/11 20.9 million Market Capitalization – 5/31/11 $428 million p Stock Price – 12/31/09 $20.60 Stock Price – 12/31/10 $23.75 Stock Price - 5/31/11 $20.46 Book Value Per Share – 3/31/11 $21.04
Slide 6: Total Return Analysis
Slide: 6 Other Placeholder: 6 Title: Total Return Analysis * 10 Years (06/01/01 – 05/31/11) * - gross dividends assumed reinvested
Slide 7: Banking Market Overview
Slide: 7 Other Placeholder: 7 Title: Banking Market Overview Banking Center Locations:Kentucky – 35Louisville – 20Central / Western – 12Northern – 3Ohio – 1Indiana – 3 (continued)
Slide 8: Banking Market Overview
Slide: 8 Other Placeholder: 8 Title: Banking Market Overview FloridaMetropolitan Tampa – 4Acquired in October 2006$126 million in total assets as of March 31, 2011
Slide 9: 2010 Highlights
Slide: 9 Other Placeholder: 9 Title: 2010 Highlights Body: Total net income of $64.8 million, a 54% increase over 2009Record year at Tax Refund Solutions (“TRS”)Return On Average Assets (“ROA”) of 1.85%Return On Average Equity (“ROE”) of 17.92%Core banking low cost deposit balances increased $105 mi
Slide 10: 2010 Highlights (Continued)
Slide: 10 Other Placeholder: 10 Title: 2010 Highlights (Continued) Body: Enhanced technologyNew core operating systemMobile BankingBranch CaptureRepublic Bank Foundation established with a $5 million initial contributionNational Recognition February 2010 - Sandler O'Neil & Partners released its annu
Slide 11: First Quarter Highlights
Slide: 11 Other Placeholder: 11 Body: HighlightsFirst Quarter 2011
Slide 12: First Quarter 2011 Highlights
Slide: 12 Other Placeholder: 12 Title: First Quarter 2011 Highlights Body: Record net income of $71.4 million, a 60% increase over prior yearTRS segment net income increased $27.8 millionReturn On Average Assets (“ROA”) of 7.01%Return On Average Equity (“ROE”) of 69.96%“Traditional Bank” 1Q 2011 ave
Slide 13: Tax Season Overview
Slide: 13 Other Placeholder: 13 Body: 3.6 million customers$14.4 billion of state and federal electronic tax refunds processed16.3% increase in the amount of refunds processed662,000 Refund Anticipation Loans (“RALs”)$1.0 billion of RALs processedRALs outstanding past their expected funding date fro
Slide 14: Net Income
Slide: 14 Other Placeholder: 14 Title: Net Income
Slide 15: Diluted Earnings Per Class A Common Stock
Slide: 15 Other Placeholder: 15 Title: Diluted Earnings Per Class A Common Stock
Slide 16: Strong Capital Foundation
Strong Capital Foundation Republic Well Bancorp, Inc. Capitalized 3/31/11 12/31/10 Requirement Tier 1 Leverage 11.39% 12.05% 5.00% Tier 1 Risk 23 87% 20 89% 6 00% Based 23.87% 20.89% 6.00% Total Risk Based 25.12% 22.04% 10.00% 16
Slide 17: Loan Portfolio Highlights
Slide: 17 Other Placeholder: 17 Highlights Loan Portfolio Total Loans: $2.2 Billion Industry leading credit quality97% of loans in Kentucky and Southern Indiana market footprintDiversification between retail and commercial lendingFocus on segments where high touch service mattersLocally owned busine
Slide 18: 2011 Average Quarterly Deposits
2011 Average Quarterly Deposits 0 e age Qua te y epos ts (excludes institutional brokered deposits and deposits associated with TRS ) Quarter Ended Quarter Ended (in thousands) Mar 31, 2011 Dec 31, 2010 Change NON-INT BEARING DEPOSITS 324,368 $ 330,341 $ (5,973) $ NOW & PASSBOOK SAVINGS 329,520 308,
Slide 19: 2011 Average Quarterly Deposits
Slide: 18 Other Placeholder: 18 2011 Average Quarterly Deposits (excludes institutional brokered deposits and deposits associated with TRS )
Slide 20: Credit Quality Trends – Traditional Banking
Credit Quality Trends – C ed t Qua ty e ds Traditional Banking As of and for the Qtr Ended R i 3/31/11 12/31/10 12/31/09 12/31/08 Year Ended Ratio Non Performing Loans/ Total Loans 1.23% 1.30% 1.90% 0.58% Non Performing Assets/ Total Assets 1.31% 1.32% 1.60% 0.69% Allowance/ Non Performing Loans 109
Slide 21: Net Loan Charge Offs To Average Loans
Slide: 21 Title: Net Loan Charge Offs To Average Loans (Traditional Banking Segment) Other Placeholder: 21 Peer Data obtained from March 31, 2011 Uniform Bank Performance Report (“UBPR”)First Quarter 2011 data annualized
Slide 22: Non Performing Loans To Total Loans
Slide: 22 Other Placeholder: 22 Title: Non Performing Loans To Total Loans (1) Peer Data obtained from March 31, 2011 Uniform Bank Performance Report (“UBPR”)
Slide 23: Delinquent Loans To Total Loans
Slide: 23 Other Placeholder: 23 Title: Delinquent Loans To Total Loans
Slide 24: Growth Initiatives
Slide: 24 Other Placeholder: 24 Title: Growth Initiatives Body: Develop new lines of businessSecondary market lendingAttract customers leaving troubled institutions looking for safety and soundnessAdd strategically located banking centers and make selective acquisitionsOutperform peer financial perf
Slide 25: 2011 Challenges & Opportunities
Slide: 25 Other Placeholder: 25 Title: 2011 Challenges & Opportunities Body: ChallengesNew Regulation E requirementsNew FDIC overdraft guidanceOngoing regulatory dialogue regarding the TRS businessImproving net interest margin by capitalizing on low cost deposit opportunities within Treasury Managem
Slide 26: 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.”
Slide 27: Thank You
Slide: 27 Other Placeholder: 27 THANK YOU