Republic Bank Named One of the Best-Performing Large Community Banks in the U.S. by S&P Global Market Intelligence
27 Marzo 2024 - 7:33AM
Business Wire
Republic ranked highest
among banks headquartered in Kentucky
Republic Bank today announced it has been named a top-50
best-performing bank in the S&P Global Market Intelligence Top
50 Community Banks with assets of $3 -10 billion, with the highest
ranking of any bank headquartered in Kentucky. The rankings assess
the performance of banking institutions based on returns, growth
and funding, while placing a premium on the strength and risk
profile of balance sheets.
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the full release here:
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Republic Bank named a best-performing
bank by S&P Global Market Intelligence (Graphic: Business
Wire)
Republic Bank Executive Chair Steve Trager said, “This notable
designation is a testament to the strength and stability we’ve
built over more than 40 years, which fosters peace of mind and
confidence among our clients, associates and all those we
serve.”
To compile this ranking, S&P Global Market Intelligence
calculated scores based on seven metrics: pretax return on average
assets; year-over-year change in operating revenue; adjusted
tangible common equity to tangible assets; cost of funds; net
charge-offs to average loans and leases ratio; nonperforming assets
and loans 90 days or more past due as a percentage of total assets
and gross loans and leases plus held-to-maturity securities to
total deposits.
“We’re honored to be named a Top-50 community bank and to be
ranked highest in the Commonwealth of Kentucky,” said Logan Pichel,
president and chief executive officer, Republic Bank. “Combining
this recognition of our safety and security with recent recognition
for our customer service – and a Net Promoter Score nearly 2-1/2
times* the industry average – shows our efforts to meet clients’
needs are working.”
Nathan Stovall, director of financial institutions research at
S&P Global Market Intelligence said, “As banks and credit
unions weather a higher for longer interest rate environment, we
are delighted to see them continue serving their local
markets.”
S&P Global Market Intelligence’s announcement can be found
at:
https://www.spglobal.com/marketintelligence/en/media-center/press-release/sp-global-market-intelligence-ranks-the-best-performing-us-credit-unions-community-and-public-banks-and-community-banks-by-regio
*Source: Republic Bank Q3 2023 NPS® (Net Promoter Score)
compared to Qualtrics XM Institute 2023 U.S. Consumer Benchmark
Study banking industry average NPS®. NPS® is a common metric used
by organizations to measure how they are perceived by their
customers. See
https://www.xminstitute.com/data-snippets/xmi-ratings-nps-2023/.
About Republic Bank
Republic Bancorp, Inc. (the “Company”) is the parent company of
Republic Bank & Trust Company (the “Bank”). The Bank currently
has 47 banking centers in communities within five metropolitan
statistical areas (“MSAs”) across five states: 22 banking centers
located within the Louisville MSA in Louisville, Prospect,
Shelbyville, and Shepherdsville in Kentucky, and Floyds Knobs,
Jeffersonville, and New Albany in Indiana; six banking centers
within the Lexington MSA in Georgetown and Lexington in Kentucky;
eight banking centers within the Cincinnati MSA in Cincinnati and
West Chester in Ohio, and Bellevue, Covington, Crestview Hills, and
Florence in Kentucky; seven banking centers within the Tampa MSA in
Largo, New Port Richey, St. Petersburg, Seminole, and Tampa in
Florida; and four banking centers within the Nashville MSA in
Franklin, Murfreesboro, Nashville and Spring Hill, Tennessee. In
addition, Republic Bank Finance has one loan production office in
St. Louis, Missouri. The Bank offers internet banking at
www.republicbank.com. As of December 31, 2023, the Company had
approximately $6.6 billion in assets 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. ®
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version on businesswire.com: https://www.businesswire.com/news/home/20240326045340/en/
Jim Ensign, Senior Vice President & Chief Brand Officer
(502) 584-3600
Republic Bancorp (NASDAQ:RBCAA)
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