Earnings Releases·Oct 23, 2026, 8:00 AM ET

Republic Bancorp — Third Quarter 2026 Earnings Summary

Net income rose 4% to $31.1 million (EPS $1.59, up 5%) driven by an 8% increase in Core Banking net interest income to $66.1 million and a 15% jump in Core Banking net income to $22.8 million, despite a $2.0 million net charge for expected credit losses.
Core Banking net interest margin expanded 25 basis points to 4.03%, supported by a 25 basis point Federal Reserve rate hike in September 2026 and the launch of Republic Payment Solutions, which generated $180 million in lower-cost deposits.
Management anticipates incremental growth in Core Bank net interest income from the higher-rate environment and highlighted disciplined expense management, including a 7% reduction in technology and interchange costs following a new core system contract.
Strategic capital actions included prepaying $220 million of higher-cost FHLB advances in March 2026, while segment performance varied with Republic Credit Solutions net income falling 15% due to higher provisions on the LOC II portfolio.