Earnings ·
Republic Bancorp reports Q3 diluted EPS of $1.59, up 5% from prior year
RBCAARepublic Bancorp Inc
Republic Bancorp reported third-quarter net income of $31.1 million and diluted earnings per share of $1.59, representing increases of 4% and 5%, respectively, compared to the same period last year. The company achieved a return on average assets of 1.74% and a return on average equity of 10.48%. Core banking net interest income grew 8% to $66.1 million, driven by lower funding costs and disciplined pricing actions that expanded the net interest margin by 25 basis points to 4.03%. The firm operates as a bank holding company providing financial services through its subsidiary, Republic Bank & Trust Company.