Republic Bancorp, Inc. (NASDAQ: RBCAA), headquartered
in Louisville, Kentucky, is the holding company of Republic Bank
& Trust Company (the “Bank”).
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Republic Bancorp, Inc. (“Republic” or the “Company”) reported
fourth quarter 2022 net income and Diluted Earnings per Class A
Common Share (“Diluted EPS”) of $18.5 million and $0.94 per share,
representing increases of 8%(5) and 9%(5) over the comparable
figures for the fourth quarter of 2021. Fiscal year 2022 net income
and Diluted EPS were $91.1 million(5) and $4.59 per share(5),
representing increases of 4%(5) and 7%(5)over 2021.
Logan Pichel, President, and CEO of the Bank commented, “We are
pleased with the strong results we are reporting for the fourth
quarter of 2022. We are also proud of the accomplishments we
achieved while providing solid returns to our shareholders. Some of
the more significant accomplishments and accolades we received
during 2022 are noted below.
Enhancing the long-term value of our Core Banking Franchise
continues to produce positive quarterly results. Expansion of our
Core Bank(1) net interest margin is among our most notable
achievements during 2022, as we ended the fourth quarter of the
year with a net interest margin of 3.82%, a 74-basis-point increase
over the fourth quarter of 2021. Total Company non-interest
expenses decreased $129,000 from the fourth quarter of 2021 to the
fourth quarter of 2022 and increased a modest 2% for the 2022
fiscal year compared to 2021. For 2023, we expect to broaden our
focus on efficiently expanding and increasing our revenue streams
with a maintained discipline in controlling our non-interest
expenses as we seek to further grow the long-term value of the
Company.
Loan growth, credit quality and maintaining a strong capital
position were additional highlights for 2022. Portfolio loan growth
within our Traditional Banking segment reached $404 million for the
year, an all-time high figure for this segment. Commercial related
loan growth, drove the majority of this increase for the year,
especially within our collective Louisville-based CRE Lending,
Private Banking and Commercial Banking business lines, as well as
our Northern Kentucky/Cincinnati and Florida markets. These
business units and markets grew their total loan portfolios $117
million, $89 million, and $45 million, respectively. Additionally,
our Aircraft Lending division contributed $37 million of loan
growth for the year.
Our credit quality and capital ratios remained strong. For our
Core Bank(1), our ratios of 0.14% for delinquent loans to total
loans and 0.37% for non-performing loans to total loans were near
all-time favorable lows as of December 31, 2022. As of December 31,
2022, we project our consolidated capital ratios will place us
among the best capitalized bank holding companies across the
country. These safety and soundness measurements for credit quality
and capital firmly position us in the event of an economic downturn
in 2023 that some are predicting.
Our primary mission at Republic is to help our clients, our
associates and our communities thrive, and we are certainly proud
of the awards we received and the examples we set in fulfilling
this mission. During 2022, through our Republic Bank Foundation
(the “Foundation”), we were one of only seven recipients in the
nation to receive a 2022 American Bankers
Association Foundation Community Commitment Award for our
Foundation’s leadership to help complete the funding for the
Louisville Urban League’s Norton Healthcare Sports and Learning
Center facility opened in 2021. In addition to this prestigious
acknowledgement, our Company also received following recognitions
during the year:
- Louisville Business First’s 2022 Business
Impact Award. This award recognizes companies that further
racial justice and equality in their community. We were selected
based on the impact of our Community Loan Fund.
- Newsweek’s Best Banks in America
2022. As part of this recognition Newsweek and Lending Tree
collaborated to review more than 50 key factors of a financial
institution to determine their ranking, including overall health of
the bank, customer service performance and features, digital and
branch presence, account and loan options, interest rate offerings,
and fees.
- 2022 Best Places to Work in
Kentucky. We received this recognition for the sixth year in
a row. This program was developed to identify and recognize
Kentucky businesses that represent the ideal workplace environment
through dedication and creativity.
This year represented the 40-year anniversary for Republic Bank
& Trust Company. As part of our celebration for this
significant milestone, our associates overwhelmingly voted to
celebrate by increasing our acts of volunteerism throughout our
various communities. In July, we began a Company-wide internal
campaign encouraging associates to enhance their volunteer
activities within their respective communities. Just three short
months after that campaign began, our associates had participated
in over 90 acts of volunteerism. This initiative captured the true
essence of Republic Bank, which is our people are the cornerstone
of our business and our communities. It is our people that allow us
to achieve our mission of enabling our clients, our Company, our
associates, and the communities we serve to thrive, and I couldn’t
be prouder to be part of such a wonderful, caring group of
associates,” concluded Pichel.
The following table highlights Republic’s key metrics for the
three months and years ended December 31, 2022, and 2021, as
revised(5). Additional financial details, including segment-level
data, are provided in the financial supplement to this release. The
attached digital version of this release includes the financial
supplement as an appendix. The financial supplement may also be
found as Exhibit 99.2 of the Company’s Form 8-K filed with the SEC
on January 27, 2023.
Total Company Financial
Performance Highlights
Three Months Ended Dec.
31,
Years Ended Dec. 31,
(dollars in thousands, except per share
data)
2022
2021 (5)
$ Change (5)
% Change
2022 (5)
2021 (5)
$ Change (5)
% Change
Income Before Income Tax Expense
$
23,488
$
20,367
$
3,121
15
%
$
116,845
$
111,442
$
5,403
5
%
Net Income
18,513
17,218
1,295
8
91,106
87,611
3,495
4
Diluted EPS
0.94
0.86
0.08
9
4.59
4.28
0.31
7
Return on Average Assets ("ROA")
1.25
%
1.11
%
NA
13
1.48
%
1.39
%
NA
6
Return on Average Equity ("ROE")
8.65
8.15
NA
6
10.68
10.37
NA
3
NA – Not applicable
Results of Operations for the Fourth
quarter of 2022 Compared to the Fourth quarter of
2021
Core Bank(1)
Net income from Core Banking was $16.3 million for the fourth
quarter of 2022 compared to $14.0 million for the fourth quarter of
2021. An increase of $11.4 million in pre-tax, non-PPP Traditional
Bank net interest income was a strong, positive driver to the Core
Bank’s earnings for the quarter and helped to offset pre-tax
declines of $3.0 million in PPP loan revenue, $2.7 million of
Mortgage Banking income, and $3.5 million of net interest income
within the Warehouse Lending (“Warehouse”) segment. Within the
noninterest expense category, our Core Bank noninterest expenses
decreased 2% from the fourth quarter of 2021 to the fourth quarter
of 2022 and increased less than 1% for 2022 fiscal year compared to
2021.
Net Interest Income – Core Bank net interest income was $52.0
million for the fourth quarter of 2022, an $8.4 million, or 19%,
increase over the fourth quarter of 2021. In addition, the Core
Bank’s net interest margin (“NIM”) increased from 3.08% during the
fourth quarter of 2021 to 3.82% during the fourth quarter of 2022.
This increase was driven primarily by the following in each Core
Bank segment:
Traditional Bank
Overall, Traditional Bank net interest income was $49.7 million
for the fourth quarter of 2022, a $12.1 million, or 32%, increase
over the fourth quarter of 2021, while the Traditional Bank’s NIM
increased from 3.08% during the fourth quarter of 2021 to 3.94% for
the fourth quarter of 2022.
Excluding PPP(2) loan fees and interest, the Traditional Bank’s
net interest income increased $15.1 million, or 44%, and its NIM
expanded 106 basis points to 3.94% from the fourth quarter of 2021
to the fourth quarter of 2022. This increase in net interest income
and related expansion in NIM resulted primarily from the Company’s
balance sheet management strategy of maintaining large interest
earning cash balances, which benefited from increases in the
Federal Funds Target Rate (“FFTR”). Notable changes in specific
categories included the following:
- Average interest-earning cash was $550 million with a
weighted-average yield of 3.73% during the fourth quarter of 2022
compared to $845 million with a weighted-average yield of 0.16% for
the fourth quarter of 2021.
- Average investments grew to $694 million with a
weighted-average yield of 2.07% during the fourth quarter of 2022
from $540 million with a weighted-average yield of 1.37% for the
fourth quarter of 2021.
- Average non-PPP Traditional Bank loans grew from $3.4 billion
with a weighted-average yield of 3.88% during the fourth quarter of
2021 to $3.8 billion with a weighted average yield of 4.44% during
the fourth quarter of 2022.
The Traditional Bank recognized $77,000 of combined fees and
interest on its PPP portfolio during the fourth quarter of 2022
compared to $3.1 million of similar fees and interest during the
fourth quarter of 2021. The $3.0 million decrease in combined PPP
fees and interest primarily highlighted the short-term nature of
the PPP, as approximately 97% of all fees and interest eligible to
be recognized under the program by the Traditional Bank were
recognized during 2020 and 2021. As of December 31, 2022, total PPP
loans of $5 million remained on the Traditional Bank’s balance
sheet out of the original $738 million originated during 2020 and
2021.
Warehouse Lending
Net interest income within the Warehouse segment decreased $3.5
million, or 60%, from the fourth quarter of 2021 to the fourth
quarter of 2022, driven by decreases in both average outstanding
balances and net interest margin. Overall average outstanding
Warehouse balances declined from $758 million during the fourth
quarter of 2021 to $407 million for the fourth quarter of 2022,
driven largely by the sharp rise in long-term interest rates during
2022, which depressed mortgage-refinancing demand and resulted in a
sharp drop in Warehouse line usage.
In addition, the Warehouse net interest margin decreased 80
basis points from 3.08% during the fourth quarter of 2021 to 2.28%
during the fourth quarter of 2022. The decline in the Warehouse net
interest margin occurred as its funding costs, as charged through
the Company’s funds-transfer-pricing methodology, generally rose in
tandem with the increase in short-term interest rates during the
year, while its yield increases were delayed until the adjustable
rates on its clients’ lines of credit surpassed their contractual
interest rate floors during mid-2022. These interest rate floors
benefited Warehouse’s net interest margin substantially during 2020
and 2021 when market rates declined to historical lows but have
produced margin compression since the onset of the FFTR increases
during 2022.
The following tables present by reportable segment the overall
changes in the Core Bank’s net interest income, net interest
margin, as well as average and period-end loan balances:
Net Interest Income
Net Interest Margin
(dollars in thousands)
Three Months Ended Dec.
31,
Three Months Ended Dec.
31,
Reportable Segment
2022
2021
Change
2022
2021
Change
Traditional Banking - excluding PPP
$
49,598
$
34,492
$
15,106
3.94
%
2.88
%
1.06
%
Traditional Banking - PPP
77
3,080
(3,003
)
NM
NM
NM
Total Traditional Banking
49,675
37,572
12,103
3.94
3.08
0.86
Warehouse Lending
2,317
5,831
(3,514
)
2.28
3.08
(0.80
)
Mortgage Banking*
50
279
(229
)
NM
NM
NM
Total Core Bank
$
52,042
$
43,682
$
8,360
3.82
3.08
0.74
Average Loan Balances
Period-End Loan
Balances
(dollars in thousands)
Three Months Ended Dec.
31,
Dec. 31,
Reportable Segment
2022
2021
$ Change
% Change
2022
2021
$ Change
% Change
Traditional Banking - excluding PPP
$
3,792,476
$
3,408,322
$
384,154
11
%
$
3,850,162
$
3,445,945
$
404,217
12
%
Traditional Banking - PPP
6,802
89,156
(82,354
)
(92
)
4,980
56,014
(51,034
)
(91
)
Total Traditional Banking
3,799,278
3,497,478
301,800
9
3,855,142
3,501,959
353,183
10
Warehouse Lending
406,903
757,688
(350,785
)
(46
)
403,560
850,550
(446,990
)
(53
)
Mortgage Banking*
2,092
25,227
(23,135
)
(92
)
1,302
29,393
(28,091
)
(96
)
Core Bank
$
4,208,273
$
4,280,393
$
(72,120
)
(2
)
$
4,260,004
$
4,381,902
$
(121,898
)
(3
)
*Includes loans held for sale
NM – Not meaningful
Provision for Expected Credit Loss Expense – The Core Bank’s
Provision(3) was a net charge of $1.6 million during the fourth
quarter of 2022 compared to a net charge of $337,000 for the fourth
quarter of 2021. The net charge during the fourth quarter of 2022
was primarily driven by a $1.4 million Provision resulting
primarily from general formula reserves applied to $109 million of
growth in non-PPP Traditional Bank loans during the quarter. The
net charge during the fourth quarter of 2021 was primarily driven
by growth in outstanding Warehouse balances from September 30,
2021, to December 31, 2021.
As of December 31, 2022, while its credit metrics remained
solid, the Core Bank’s Allowance remained generally elevated
compared to historical levels due to continued economic uncertainty
resulting from continued inflation.
As a percentage of total loans, the Core Bank’s Allowance(3)
increased from 1.18% as of December 31, 2021, to 1.21% as of
December 31, 2022. The table below provides a view of the Company’s
percentage of Allowance-to-total-loans by reportable segment.
As of Dec. 31, 2022
As of Dec. 31, 2021
Year-over-Year Change
(dollars in thousands)
Allowance
Allowance
Allowance
Reportable Segment
Gross Loans
Allowance
to Loans
Gross Loans
Allowance
to Loans
to Loans
% Change
Traditional Bank, Less PPP
$
3,850,162
$
50,709
1.32
%
$
3,445,945
$
49,407
1.43
%
(0.11
)%
(8
)%
Plus: Paycheck Protection Program
4,980
—
56,014
—
Traditional Bank
$
3,855,142
$
50,709
1.32
3,501,959
49,407
1.41
(0.09
)
(6
)
Warehouse Lending
403,560
1,009
0.25
850,550
2,126
0.25
—
—
Total Core Bank
4,258,702
51,718
1.21
4,352,509
51,533
1.18
0.03
3
Tax Refund Solutions
149,272
3,888
2.60
50,987
96
0.19
2.41
1,268
Republic Credit Solutions
107,828
14,807
13.73
93,066
12,948
13.91
(0.18
)
(1
)
Total Republic Processing Group
257,100
18,695
7.27
144,053
13,044
9.06
(1.79
)
(20
)
Total Company
$
4,515,802
$
70,413
1.56
$
4,496,562
$
64,577
1.44
0.12
8
The table below presents the Core Bank’s credit quality
metrics:
As of and for the:
Quarters Ended:
Years Ended:
Dec. 31,
Sep. 30,
Jun. 30,
Mar. 31,
Dec. 31,
Dec. 31,
Dec. 31,
Core Banking Credit Quality
Ratios
2022
2022
2022
2022
2022
2021
2020
Nonperforming loans to total loans
0.37
%
0.39
%
0.38
%
0.40
%
0.37
%
0.47
%
0.50
%
Nonperforming assets to total loans
(including OREO)
0.40
0.43
0.42
0.44
0.40
0.51
0.56
Delinquent loans* to total loans
0.14
0.10
0.13
0.14
0.14
0.17
0.21
Net charge-offs to average loans
0.02
(0.02
)
0.00
0.01
0.00
0.01
0.03
(Quarterly rates annualized)
OREO = Other Real Estate Owned
*Loans 30-days-or-more past due
Noninterest Income – Core Bank noninterest income was $9.0
million during the fourth quarter of 2022, a decrease of $3.0
million, or 25%, from the fourth quarter of 2021. The decrease in
non-interest income was driven primarily by a reduction in Mortgage
Banking income of $2.7 million for the quarter.
- Mortgage Banking income decreased $2.7 million for the quarter.
The decrease in Mortgage banking income was caused by the rise in
long-term interest rates during 2022, which led to a significant
slowdown in the origination of mortgage loans to be sold into the
secondary market. During the fourth quarter of 2022, the 30-year
mortgage rate hovered near levels not generally seen since 2008. As
a result, the Core Bank sold only $12 million of loans into the
secondary market during the fourth quarter of 2022 compared to
sales of $155 million during the fourth quarter of 2021.
- Partially offsetting the decrease above was $452,000 of
customer-related loan swap fee revenue recorded during the fourth
quarter of 2022 within Other Income related to two large swap
transactions. Conversely, the Company did not have any swap
transactions during the fourth quarter of 2021.
Noninterest Expense – Core Bank noninterest expense was $38.4
million for the fourth quarter of 2022 compared to $39.2 million
for the fourth quarter of 2021, a decrease of 2%. Notable changes
within noninterest expense categories were as follows:
- Salaries and Benefits expense decreased $923,000, or 5%, to
$19.3 million for the fourth quarter of 2022. The most notable
changes within this category were as follows:
- Commissions related to mortgage originations decreased by $1.0
million due to the previously discussed slowdown in mortgage
origination volume.
- Base salaries and wages decreased $225,000, or 1%, from $17.9
million during the fourth quarter of 2021 to $17.7 million for the
fourth quarter of 2022, as the additional cost of approximately 4%
for annual merit increases during the year was substantially offset
by a 53-count reduction in Core Bank full-time equivalent
employees.
- In accordance with FASB Accounting Standards Codification
(“ASC”) 310-20, the Company records a credit offset to salary
expense for each loan it originates and recognizes the cost of that
credit as an adjustment to the loan’s yield over its estimated
life. The amount of this credit for the Core Bank decreased
$709,000, thus increasing expense, from the fourth quarter of 2021
to the fourth quarter of 2022 and was driven primarily by the
substantial decline in secondary market loan origination volume
from period to period.
- Other expenses increased $398,000. Meals, Entertainment, and
Travel expenses represented the most notable increase for the
quarter, growing $194,000, with these expenses reverting back
nearer to pre-pandemic levels, in combination with inflationary
pressures on their costs.
Republic Processing
Group(4)
The Republic Processing Group (“RPG”) reported net income of
$2.2 million for the fourth quarter of 2022, a decrease of $1.0
million from the fourth quarter of 2021. The most notable items
driving the quarter-to-quarter change in net income at RPG was
within the Tax Refund Solutions (“TRS”) segment.
The TRS segment derives substantially all its revenues during
the first half of the year. TRS recorded a net loss of $1.8 million
for the fourth quarter of 2022 compared to a net loss of $1.3
million for the same period in 2021.
The change in profitability at TRS was primarily timing in
nature as TRS began offering a new early season refund advance
(“ERA”) product during the fourth quarter of 2022, which it did not
offer during the fourth quarter of 2021. As such, the financial
impact of the ERA is new to Republic for the fourth quarter of
2022. As a result, TRS recorded an estimated pre-tax provision of
$3.8 million for the product during the fourth quarter of 2022,
representing 4% of the $98 million of balances originated during
the quarter, while recording only $825,000 of pre-tax revenue for
the product during the quarter, as much of the revenue will be
recognized over its life during the first quarter of 2023.
Partially offsetting the decrease to income above, TRS’s net
interest income increased a pre-tax $2.7 million from the fourth
quarter of 2021 to the same period in 2022 resulting primarily from
a higher crediting rate applied through the Company’s
funds-transfer-pricing methodology to TRS’s prepaid card deposits
offered through its Republic Payment Solutions division.
Within the RCS division, net income decreased $511,000 from the
revised(5) net income for the fourth quarter of 2021. The overall
decline in net income at RCS was concentrated within its
installment loan product and was driven by a decrease in new loan
origination volume and the corresponding sales of these loans,
which caused a decline in RCS program fees for the quarter.
Republic Bancorp, Inc. (the “Company”) is the parent company of
Republic Bank & Trust Company (the “Bank”). The Bank currently
has 42 full-service banking centers throughout five states:
twenty-eight banking centers in eight Kentucky communities –
Covington, Crestview Hills, Florence, Georgetown, Lexington,
Louisville, Shelbyville, and Shepherdsville; three banking centers
in southern Indiana – Floyds Knobs, Jeffersonville, and New Albany;
seven banking centers in six Florida communities (Tampa MSA) –
Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple
Terrace; two banking centers in two Tennessee communities
(Nashville MSA) – Cool Springs and Green Hills; and two banking
centers in two Ohio communities (Cincinnati MSA) – Norwood and West
Chester. The Bank offers internet banking at www.republicbank.com.
The Company has $5.8 billion in assets as of December 31, 2022, and
is headquartered in Louisville, Kentucky. The Company’s Class A
Common Stock is listed under the symbol “RBCAA” on the NASDAQ
Global Select Market.
Republic Bank. It’s just easier here. ®
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The forward-looking statements in the preceding paragraphs
are based on our current expectations and assumptions regarding our
business, the future impact to our balance sheet and income
statement resulting from changes in interest rates, the yield
curve, the ability to develop products and strategies in order to
meet the Company’s long-term strategic goals, the economy, and
other future conditions. Because forward-looking statements relate
to the future, they are subject to inherent uncertainties, risks
and changes in circumstances that are difficult to predict. Our
actual results may differ materially from those contemplated by
forward-looking statements. We caution you therefore against
relying on any of these forward-looking statements. They are
neither statements of historical fact nor guarantees or assurances
of future performance. Actual results could differ materially based
upon factors disclosed from time to time in the Company’s filings
with the U.S. Securities and Exchange Commission, including those
factors set forth as “Risk Factors” in the Company’s Annual Report
on Form 10-K for the period ended December 31, 2021. The Company
undertakes no obligation to update any forward-looking statements,
except as required by applicable law.
Footnotes:
(1)
“Core Bank” or “Core Banking” operations consist of the
Traditional Banking, Warehouse Lending, and Mortgage Banking
segments.
(2)
PPP – The U.S. Small Business Administration’s Paycheck Protection
Program
The Company earns lender fees and 1.0%
coupon interest on its PPP portfolio. Due to the short-term nature
of the PPP, management believes Traditional Bank net interest
income excluding PPP fees and interest is a more appropriate
measure to analyze the Traditional Bank’s net interest income and
net interest margin. The following table reconciles Traditional
Bank net interest income and net interest margin to Traditional
Bank net interest income and net interest margin excluding PPP fees
and interest, a non-GAAP measure.
Net Interest Income
Interest-Earning
Assets
Net Interest Margin
Three Months Ended Dec.
31,
Three Months Ended Dec.
31,
Three Months Ended Dec.
31,
(dollars in thousands)
2022
2021
$ Change
% Change
2022
2021
$ Change
% Change
2022
2021
% Change
Traditional Banking - GAAP
$
49,675
$
37,572
$
12,103
32
%
$
5,043,145
$
4,882,268
$
160,877
3
%
3.94
%
3.08
%
0.86
%
Less: Impact of PPP fees and interest
77
3,080
(3,003
)
(98)
6,802
89,156
(82,354
)
(92)
-
0.20
(0.20
)
Traditional Banking ex PPP fees and
interest - non-GAAP
$
49,598
$
34,492
$
15,106
44
$
5,036,343
$
4,793,112
$
243,231
5
3.94
2.88
1.06
(3)
Provision – Provision for
Expected Credit Loss Expense
Allowance – Allowance for Credit
Losses on Loans
(4)
Republic Processing Group
operations consist of the TRS and Republic Credit Solutions (“RCS”)
segments.
(5)
During the fourth quarter of 2022, the
Company identified a prior period accounting error in the form of
an immaterial understatement of revenue, solely related to one RCS
line of credit product. The financial reporting periods affected by
this error include the Company’s previously reported audited
consolidated financial statements for the fiscal year ended
December 31, 2021, and the Company’s previously reported interim
unaudited consolidated financial statements for each of the
quarterly and fiscal year-to-date periods ended June 30, 2021;
September 30, 2021; March 31, 2022; June 30, 2022; and September
30, 2022; and the unaudited consolidated quarterly financial data
for the quarter ending December 31, 2021 (collectively the
“previously reported financial statements”). The three-month period
ended December 31, 2021, and the year-end period December 31, 2021,
also reflected certain immaterial revisions to reclassify certain
gains and losses on the sale of the same RCS line of credit
product. This reclassification impacts noninterest income,
noninterest expense, and interest income with no impact to net
income.
Based on the Company’s evaluation of this
error in consideration of the Financial Accounting Standards Board
(“FASB) Accounting Standards Codification (“ASC”) 250 and the SEC
Staff’s Accounting Bulletins Nos. 99 (“SAB 99”) and 108 (“SAB 108”)
and interpretations therewith, the Company concluded this error was
not material, on an individual or aggregate basis, to the Company’s
previously reported financial statements and correction of the
error would not be material to the current year financial
statements, including any interim periods. However, the Company
corrected this error as a voluntary immaterial revision to the
accompanying earnings release, as of and for the fiscal years ended
December 31, 2022, and 2021, in the periods in which the error
occurred. In addition, the Company expects to present the corrected
interim 2022 amounts in its 2023 consolidated interim financial
statements upon the filing of its Quarterly Reports on Form 10-Q on
a quarterly basis and a year-to-date basis as a voluntary
immaterial revision to all applicable 2022 periods. The Company
also expects to present the corrected 2021 and 2022 amounts upon
the filing of the Annual Report on Form 10-K for the year ended
December 31, 2022, as a voluntary immaterial revision to all
applicable 2021 and 2022 periods.
NM – Not meaningful NA – Not applicable
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version on businesswire.com: https://www.businesswire.com/news/home/20230127005009/en/
Republic Bancorp, Inc. Kevin Sipes Executive Vice President
& Chief Financial Officer (502) 560-8628
Republic Bancorp (NASDAQ:RBCAA)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Republic Bancorp (NASDAQ:RBCAA)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024