Republic Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 29, 2021 at 12:56 pm
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Republic Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 55.120 million compared to USD 54.395 million a year ago. Net income was USD 20.356 million compared to USD 25.768 million a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 1.23 a year ago. For the full year, net interest income was USD 232.315 million compared to USD 236.126 million a year ago. Net income was USD 83.246 million compared to USD 91.699 million a year ago. Basic earnings per share from continuing operations was USD 4 compared to USD 4.41 a year ago. Diluted earnings per share from continuing operations was USD 3.99 compared to USD 4.39 a year ago.
Republic Bancorp, Inc. is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank provides both traditional and non-traditional banking products. Its segments include Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions (TRS), Republic Payment Solutions (RPS), and Republic Credit Solutions (RCS). Its Traditional Banking products and services are offered through the Company's traditional RB&T brand. The Warehouse segment provides short-term, revolving credit facilities to mortgage bankers across the United States. Mortgage Banking activities primarily include fixed-term single-family, first-lien residential real estate loans. Through the TRS segment, the Bank facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers. The RPS segment offers a range of payments-related products and services to consumers.
REPUBLIC BANCORP, INC. 
