Republic Bancorp, Inc. · NASDAQ:RBCAA
Republic Bancorp — Shareholder Meeting (April 2026)
45 slides from Republic Bancorp's shareholder meeting presentation, Apr 23, 2026
Slide 1: Annual Meeting of Shareholders April 23, 2026
P a g e Annual Meeting of Shareholders April 23, 2026 Springhurst Lower Level | Louisville, KY
Slide 2: Safe Harbor Statement
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 2 During 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 B
Slide 3: Meeting Agenda
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 3 M E E T I N G AGENDA STRATEGIC PRIORITIES Logan Pichel, President & CEO Republic Bank & Trust Company 2026 Q1 RESULTS (Quarter ended March 31, 2026) Logan Pichel, Preside
Slide 4: Business Overview
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 4 Steve Trager Executive Chair & CEO Republic Bancorp 2025 FINANCIAL HIGHLIGHTS Steve Trager, Executive Chair & CEO Republic Bancorp STRATEGIC PRIORITIES Logan Pichel, Pres
Slide 5: Overview of Republic Bancorp
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e Overview of Republic Bancorp 5 IN-3 OH-4 TN-4 KY-29 Retail Footprint FL-7 47 banking centers in FIVE states Largest market share is Louisville, KY MSA Ability to or
Slide 6: Key History Timeline
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 6 Republic Bank & Trust Company founded (Bardstown Rd) 1982 Corporate Center 1987 Lexington 1993 Republic Bancorp, Inc. IPO Refunds Now Acquisition (Tax Refund Solutions) 1
Slide 7: 2026 Purpose Architecture
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 7 2026 Purpose Architecture COMPANY MISSION To enable our clients, company, associates and the communities we serve to THRIVE. Innovate for the future Make it easy Provide
Slide 8: l l e , K e n t u c k y P a
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 8
Slide 9: Net Promoter Score
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 9 NET PROMOTER SCORE (“NPS”) NPS measures “How likely are you to recommend Republic Bank to a friend or colleague?” computing the difference between the % of Promoters and
Slide 10: Associate Engagement Survey Scores
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 10 Associate Engagement Survey Scores / Year 2025 2024 2023 81% 78% 76% o Associate Engagement Survey shows overall 81% favorability score o Score Definitions: • 70-79% – “
Slide 11: Community Giving and Service
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 11 $3.3M in charitable donations through Republic Bank & Republic Bank Foundation 475 different organizations impacted 5,500 hours of community service by Republic Bank ass
Slide 12: Awards and Recognition
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e Awards and Recognition 12 America’s Best Regional Banks and Credit Unions 2026 from Newsweek (the only Louisville-based bank on the list) Raymond James Community Ba
Slide 13: 2025 Other Notable Highlights
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 13 2025 Other Notable Highlights Added all SVPs+ to Long-Term Incentive Program (LTIP) Paid core conversion bonuses to 350 associates Paid discretionary bonuses to 650 AVP’
Slide 14: 2025 Financial Highlights
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 14 Steve Trager Executive Chair & CEO Republic Bancorp 2025 FINANCIAL HIGHLIGHTS Steve Trager, Executive Chair & CEO Republic Bancorp STRATEGIC PRIORITIES Logan Pichel, Pre
Slide 15: 2025 Financial Results
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 15 2025 Financial Results All-time record year for net income Diluted Earnings per Class A Common Share increased 29% to $6.72 in 2025 Maintained a consistently low
Slide 16: Loan-to-Deposit Ratio and Cost of Deposits
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 16 Total Company Favorable decrease in Average Loan-to-Deposit Ratio & Cost of Deposits Solid growth in average quarterly deposits as measured by 4Q 2025 average de
Slide 17: Total Company Non-Interest Income
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 17 Total Company Non-Interest Income ($K) Non-interest Income increased 14% versus 2024 Mortgage Banking Income increased $2.0M, or 36% Diversified revenue sources
Slide 18: Total Company Non-Interest Expense
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 18 Noninterest Expense increased 9% versus 2024 Salaries and Employee Benefits increased $8.4M, or 7% 58% Salaries and Employee Benefits $127,060 16% Technology, Eq
Slide 19: Core Bank Highlights
CORE A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 19 Core Bank Highlights Core Bank Net Income growth of 14% driven primarily by 12% increase in Net Interest Income versus 2024 Core Bank Net Income ($K) Net Interest I
Slide 20: Core Bank Net Interest Margin
CORE A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 20 2025 Annual Net Interest Margin grew 29 basis points from 2024 Quarterly NIM grew substantially on a linked quarter basis from 4Q 2024 thru 4Q 2025 Quarterly NIM 3.
Slide 21: RPG Highlights
RPG A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 21 RPG Highlights Total Republic Processing Group (“RPG”) net income of $59.6M, up 55% from 2024 Increase in TRS net income primarily the result of lower provision expe
Slide 22: Credit Quality: Net Charge-Offs
CORE A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 22 Credit Quality: Net Charge-Offs Net charge-offs remain historically low and significantly better than similar-sized banks 0.01% 0.05% 0.03% 0.11% 0.14% 0.16% 0.11%
Slide 23: Balance Sheet
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 23 Balance Sheet
Slide 24: Asset Growth Since 1990
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 24 Asset Growth Since 1990 2025 Compounded Annual Growth Rate (“CAGR”) of 7.34% since 1990 $0.55 $1.21 $3.93 $5.24 $7.04 $0.25 $1.25 $2.25 $3.25 $4.25 $5.25 $6.25 $
Slide 25: Total Company Loans
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 25 Total Company Loans Total loans remained steady at $5.4B, from 2024 Total Core Bank loan growth of $180M, or 3.5%, over 2024 Well diversified loan portfolio Comm
Slide 26: Total Company Deposits
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e Core Bank Interest Bearing 71% $3,707 RPG Interest Bearing 6% $323 26 Total Company Deposits Total deposits stayed steady at $5.2B compared to 2024 Total Core Bank
Slide 27: Capital Levels – RB&TC
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 27 Capital Levels – RB&TC Capital levels remain among the best in the industry 13.3% 13.3% 14.2% 10.1% 10.3% 10.6% 5.0% Tier-1 Leverage Ratio RB&TC UBPR Peer Well-c
Slide 28: Dividends
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 28 Dividends 2025 Compounded Annual Growth Rate (“CAGR”) of 11.73% since 1999 $0.09 $0.12 $0.14 $0.16 $0.20 $0.21 $0.24 $0.29 $0.35 $0.41 $0.46 $0.51 $0.55 $0.59 $0
Slide 29: 2026 Q1 Results
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 29 Logan Pichel President & CEO Republic Bank & Trust Company STRATEGIC PRIORITIES Logan Pichel, President & CEO Republic Bank & Trust Company 2026 Q1 RESULTS (Quarter ende
Slide 30: Total Company Highlights 1Q26
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 30 Total Company Highlights 1Q26 Net Income for 1Q26 was $42.6M, a $4.7M, or 10% decrease in Net Income versus 1Q25 Diluted Earnings Per Class A Common Share decrea
Slide 31: Total Company Highlights 1Q26 (Adjusted)
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 31 Total Company Highlights 1Q26 Adjusted Net Income for 1Q26 was $39.9M, a $1.0M, or 3% increase in Net Income versus 1Q25 Adjusted Diluted Earnings Per Class A Co
Slide 32: Net Interest Income and Margin 1Q26
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 3.70% 6.28% 3.96% 5.46% Core Bank Total Company $85.0 $90.5 Adjusted Net Interest Income increased $5.5M, or 7% versus 1Q25 Core Bank Net Interest Margin improved 2
Slide 33: Noninterest Income and Expense 1Q26
CORE A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 33 Total Company Highlights 1Q26 Noninterest Income ($M) $24.4 $24.2 $8.8 $5.8 Infrequent Items $33.2 $30.0 1Q25 1Q26 $51.5 $53.0 $6.7 $2.3 $58.2 Infrequent Items $55.
Slide 34: Strategic Priorities
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 34 Logan Pichel President & CEO Republic Bank & Trust Company STRATEGIC PRIORITIES Logan Pichel, President & CEO Republic Bank & Trust Company 2026 Q1 RESULTS (Quarter ende
Slide 35: 2026 Strategic Priorities
P a g e 2026STRATEGIC priorities CREATE A BEST-IN-CLASS CLIENT/ASSOCIATE EXPERIENCE INNOVATE FOR THE FUTURE INCREASE PRUDENT + PROFITABLE REVENUE-GENERATING ACTIVITIES CONTINUALLY IMPROVE OPERATIONAL EFFICIENCY CONTINUED INVESTMENT IN ASSOCIATE DEVELOPMENT
Slide 36: Our Mission: Why We Exist
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 36 OUR MISSION W H Y W E E X I S T : clients NPS scores = 73 (Exceeds 2x Industry Average) associates Engagement favorability=81% Kentucky’s Best Place to Work (10 consecut
Slide 37: Shareholder Total Return vs Peers
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 37 company AVERAGE 29.8% 15.4% MEDIAN 27.9% 14.2% FINANCIAL INSTITUTION 2 YR Total Return 1 YR Total Return TICKER 2 YR Total Return Rank 1 YR Total Return Rank RBCCA 2 45.
Slide 38: Dividends
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 38 Dividends 1st quarter 2026 dividend of $0.495 per Class A common share represents an annualized dividend of $1.98, a 10% increase over 2025 $0.09 $0.12 $0.14 $0.
Slide 39: Thank you! Questions?
FOSTER PARENT Ai ; Cy % , | Rael A : ee “ae REPUBLIC BANK — REPUBLIC BANCORP. REPUBLIC BANCORP. men Member FDIC Thank you! | Questions?
Slide 40: Appendix
A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 40 Appendix
Slide 41: Appendix - Internal Peer Banks Annual Net Charge-offs
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 41 Appendix - Internal Peer Banks Annual Net Charge-offs Company Ticker 2023 2024 2025 Lakeland Financial Corp LKFN 0.13% 0.05% 0.55% Community Trust Bancorp CTBI 0
Slide 42: Appendix – Non-GAAP Disclosures
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 42 Appendix – Non-GAAP Disclosures Three Months Ended March 31, (in millions) 2025 2026 Noninterest income - GAAP (a) $ 33.2 $ 30.0 Less: Gain on sale of Visa Class
Slide 43: Appendix – Non-GAAP Disclosures
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 43 Appendix – Non-GAAP Disclosures Total Company Net Income and Diluted EPS (Class A) Segment Net Income Total Company Net Income Total Company Diluted Earnings Per
Slide 44: Appendix – Non-GAAP Disclosures
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 44 Appendix – Non-GAAP Disclosures Three Months Ended March 31, (in millions) 2025 2026 Net income - GAAP (a) $ 15.7 $ 21.3 Less: Gain on sale of Visa Class B-1 sha
Slide 45: Appendix – Non-GAAP Disclosures
COMPANY A N N U A L M E E T I N G O F S H A R E H O L D E R S | A p r i l 2 3 , 2 0 2 6 | L o u i s v i l l e , K e n t u c k y P a g e 45 Appendix – Non-GAAP Disclosures Three Months Ended March 31, (in millions) 2025 2026 Net Interest Income - GAAP (a) $ 102.7 $ 90.5 Less: Nonrenewal of a Large Ta