Republic Bancorp
Runs branch banking, warehouse lending, tax-refund products, payments, and small-dollar credit.
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Profile
Combines a Louisville-centered branch bank with national specialty platforms for mortgage warehouse lines, tax refund products, payments, and small-dollar credit. Family-led governance and tax-provider relationships shape a business that mixes community banking with non-branch processing.
Operates through Republic Bank & Trust Company, pairing Traditional Banking with Warehouse Lending, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions. Branch banking is concentrated in Kentucky, Florida, Indiana, Tennessee, and Ohio, while warehouse lending, tax-refund products, payments, and small-dollar credit reach customers through national channels.
Execution depends on community-bank deposit gathering, credit underwriting, mortgage-banker relationships, and third-party partners such as tax preparers, software providers, and payment program managers. Equipment finance adds another specialty lane through Republic Bank Finance.
Governance remains family-led under Steven E. Trager, and the dual-class share structure concentrates voting power. The business also depends on bank regulation, FDIC-insured deposit confidence, tax-season partner contracts, and controls around newer processing products.
Company facts
Categories
Key statistics
Year to date +39.7% · Average volume (30d) 105.2K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q2 FY26 | $1.55 | $1.68 | +8.4% | $97.6M | $101.3M | +3.8% | +3.63% |
| Apr 23, 2026Q1 FY26 | $1.84 | $2.04 | +10.9% | $110.1M | $79.0M | −28.2% | −4.46% |
| Jan 30, 2026Q4 FY25 | $1.30 | $1.17 | −10.0% | $92.6M | $74.4M | −19.6% | +1.12% |
| Oct 17, 2025Q3 FY25 | $1.41 | $1.52 | +7.8% | $92.5M | $91.9M | −0.7% | −1.45% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $161.4M | $118.4M | $118.2M | $118.7M | $139.1M | $128.7M | |
| Gross profit | $116.5M | $90.5M | $89.9M | $84.2M | $106.0M | $102.8M | |
| Operating income | $60.0M | $40.4M | $37.8M | $27.6M | $55.4M | $49.1M | |
| Net income | $47.3M | $31.5M | $29.7M | $22.8M | $42.6M | $32.9M | |
| Diluted EPS | $2.42 | $1.59 | $1.52 | $1.15 | $2.15 | $1.65 | |
| Gross margin | 72.2% | 76.5% | 76.1% | 70.9% | 76.2% | 79.8% | |
| Operating margin | 37.2% | 34.1% | 32.0% | 23.2% | 39.8% | 38.1% |
Fiscal years (4-quarter sums)FY21 $343.2M · FY22 $318.0M · FY23 $421.9M · FY24 $499.8M · FY25 $516.6M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $354.1M · Total debt $255.7M · Total assets $7.06B · Shareholders' equity $1.16B
Dividends
Raised for 26 straight years — most recently to $0.495 from $0.451 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 18, 2026 | Jun 18 | Jul 17 | $0.495 | |
| Mar 20, 2026 | Mar 20 | Apr 17 | $0.495 | raised from $0.451 |
| Dec 19, 2025 | Dec 19 | Jan 16 | $0.451 | |
| Sep 19, 2025 | Sep 19 | Oct 17 | $0.451 | |
| Jun 20, 2025 | Jun 20 | Jul 18 | $0.451 | |
| Mar 21, 2025 | Mar 21 | Apr 18 | $0.451 | raised from $0.407 |
| Dec 20, 2024 | Dec 20 | Jan 17 | $0.407 | |
| Sep 20, 2024 | Sep 20 | Oct 18 | $0.407 |
Ownership
Shares outstanding 17.48M · Float 8.93M · 51.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dimensional Fund Advisors LP | 933.1K | 5.34% | 13F | Aug 11, 2026 |
| BlackRock, Inc. | 790.3K | 4.52% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 628.3K | 3.59% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 397.4K | 2.27% | 13F | Aug 12, 2026 |
| Morgan Stanley | 342.3K | 1.96% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Christy Ames | officer: EVP, GENERAL COUNSEL | −340 | $87.90 |
| Jun 10, 2026 | Anthony T. Powell | officer: EVP, CHIEF LENDING OFFICER | −3,000 | $83.54 |
| Feb 26, 2026 | Scott Trager | director, 10 percent owner, officer: VICE CHAIRMAN | +148 | $71.13 |
| Feb 26, 2026 | Alejandro M. Sanchez | director | −1,044 | $71.04 |
| Dec 11, 2025 | Jeff Starke | officer: EVP, CHIEF INFORMATION OFFICER | −137 | $73.31 |
Peers
- Fifth Third
Large overlapping branch-bank and commercial-banking rival
- Pathward Financial
Tax, prepaid, sponsor-bank and consumer-credit overlap
- Stock Yards Bancorp
Louisville community-bank peer in core Kentucky markets
- First Financial Bancorp
Cincinnati-area regional bank with commercial-finance overlap
- Enova International
Online lender competing for non-prime consumer credit
- Merchants Bancorp
Indiana bank focused on mortgage warehouse finance
- Green Dot
Tax refund processing and prepaid-payments platform rival
- Customers Bancorp
Branch-light bank with mortgage finance and equipment finance
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Republic Bancorp | $94.90 | −0.15% | $1.66B | 14.7 | 13.9 | 3.3 | +9.7% |
| Fifth Third | $54.60 | +0.14% | $49.43B | 18.6 | 11.9 | 3.3 | +45.2% |
| Pathward Financial | $81.50 | +0.12% | $1.72B | 10.2 | 8.7 | 2.1 | −3.1% |
| Stock Yards Bancorp | $79.84 | −0.01% | $2.36B | 15.9 | 14.8 | 4.2 | +17.2% |
| First Financial Bancorp | $32.84 | +0.09% | $3.44B | 11.6 | 10.2 | 2.6 | +16.7% |
| Enova International | $232.30 | −0.09% | $5.79B | 17.3 | 12.0 | 1.9 | +21.6% |
| Merchants Bancorp | $53.41 | +0.04% | $2.45B | 10.7 | 9.2 | 1.9 | +2.3% |
| Green Dot | $13.34 | −0.07% | $756.1M | — | 8.3 | 0.3 | +17.3% |
| Customers Bancorp | $78.58 | 0.00% | $2.66B | 9.6 | 8.7 | 1.8 | +12.4% |
| Median | 11.6 | 9.7 | 2.0 | +17.0% |