Republic Bancorp Reports Solid Second Quarter Results Highlighted by Continued Strong Core Bank Net Interest Income Expansion
Republic Bancorp reported Q2 net income of $32.9 million, or $1.68 per share, up 4% year-over-year, marking the strongest second-quarter results in company history. The Core Bank net interest margin expanded 30 basis points to 4.02% despite a 75 basis point decline in the Federal Funds Target Rate, driven by lower funding costs and disciplined balance sheet management.
Key figures
- Eps
- 1.68
- Net Income
- 32900000
- Roa
- 1.88%
- Roe
- 11.42%
- Net income yoy
- 4%
- Net interest margin
- 4.02%
- Core bank net income
- $22.8 million
- Rps expected deposits
- $150 million
- Traditional banking loans
- $4.65 billion
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.