Republic Bancorp Inc
republicbank.comWhat Do They Do?
Provides traditional banking services, including deposits and loans, to consumers and businesses through branches and non-branch channels.
10-K for FY2025, filed Mar 6, 2026Republic is an FHC headquartered in Louisville, Kentucky, which is the most populous city in Kentucky. The Bank is a Kentucky-based…View ↗
The Traditional Banking segment provides traditional banking products and services primarily to customers in the Company’s market…View ↗
Traditional Banking results of operations are primarily dependent upon net interest income, which represents the difference between the…View ↗
How Do They Make Money?
Traditional banking earns interest on loans and investments, offset by interest paid on deposits and borrowings, as well as fees from accounts, mortgage banking and card transactions. Other lines bring in tax refund-transfer and program fees.
10-K for FY2025, filed Mar 6, 2026Traditional Banking results of operations are primarily dependent upon net interest income, which represents the difference between the…View ↗
Other sources of Traditional Banking income include service charges on consumer and commercial deposit accounts, mortgage banking income…View ↗
23. REVENUE FROM CONTRACTS WITH CUSTOMERSView ↗
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10-K for FY2025, filed Mar 6, 2026
FY2025 revenue by reportable segment ↗
$417.5M
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10-K for FY2025, filed Mar 6, 2026
$417.5M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Traditional Banking
|
66%
FY2022: 64%
|
Traditional Banking, FY2025
$273.6M Sources
|
|
Warehouse Lending
|
3.5%
FY2022: 4.2%
|
Warehouse Lending, FY2025
$14.7M Sources
|
|
Tax Refund Solutions
|
12%
FY2022: 16%
|
Tax Refund Solutions, FY2025
$48.4M Sources
|
|
Republic Payment Solutions
|
4.1% |
Republic Payment Solutions, FY2025
$16.9M Sources
|
|
Republic Credit Solutions
|
15% |
Republic Credit Solutions, FY2025
$63.8M Sources
|
Who Are Their Customers?
Consumers and businesses use Republic’s branch and online banking services; mortgage clients can use warehouse lines, while tax providers are offered tax-refund products.
10-K for FY2025, filed Mar 6, 2026The Traditional Banking segment provides traditional banking products and services primarily to customers in the Company’s market…View ↗
Traditional Banking results of operations are primarily dependent upon net interest income, which represents the difference between the…View ↗
The Bank competes for customers by offering convenient branch locations, ATMs, ITMs, flexible operating hours, competitive interest rates…View ↗
The Bank faces strong competition from financial institutions across the U.S. for mortgage banking clients in need of warehouse lines of…View ↗
The TRS segment encounters direct competition for RT and RA market share from a limited number of banks in the industry. The Bank promotes…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 31 cents of every revenue dollar as net income in FY2025 and turned 39 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
Growing. Revenue grew 35% in 4 years, from $309.3M in FY2021 to $417.5M in FY2025, about 8% a year.
Captive insurance ended
The older report describes an insurance subsidiary providing property and casualty coverage to Republic, the Bank and third-party captives; the latest report says that subsidiary was dissolved.
10-K for FY2022, filed Mar 3, 2023 10-K for FY2025, filed Mar 6, 2026Republic is a financial holding company headquartered in Louisville, Kentucky. The Bank is a Kentucky-based, state-chartered non-member…View ↗
The consolidated financial statements included in this report include the accounts of Republic Bancorp, Inc. and its wholly owned…View ↗
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