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Stock impact report

Republic Bancorp, Inc. Reports 49% Rise in Fourth Quarter Net Income

Republic Bancorp, Inc. - Class A (RBCAA) 
Last republic bancorp, inc. - class a earnings: 10/20 08:05 am Check Earnings Report
US:NASDAQ Investor Relations: investors.myrepublicbank.com
Company Research Source: Business Wire
LOUISVILLE, Ky.--(BUSINESS WIRE)--Republic Bancorp, Inc. (NASDAQ: RBCAA), headquartered in Louisville, Kentucky, is the holding company of Republic Bank & Trust Company (the “Bank”).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200124005014/en/Republic Bancorp, Inc. (“Republic” or the “Company”) is pleased to report fourth quarter net income of $25.8 million, a 49% increase over the fourth quarter of 2018, resulting in Diluted Earnings per Class A Common Share (“Diluted EPS”) of $1.23. Fiscal year 2019 net income was $91.7 million, an 18% increase from the same period in 2018, resulting in Diluted EPS of $4.39, return on average assets (“ROA”) of 1.64%, and return on average equity (“ROE”) of 12.49%.Fourth quarter 2019 adjusted net income(1), which excludes one-time benefits from the Company’s November 2019 sale of four branches in Owensboro, Elizabethtown and Frankfort, Kentucky, was $18.8 million, a 9% increase over Show less Read more
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