RBCAA · Republic Bancorp, Inc.

Republic Bancorp delivered a record-setting 2025 financial performance, with net income rising 30% to $131.3 million and diluted EPS increasing 29% to $6.72 — the highest in company history. This growth was underpinned by robust expansion across both core banking and its Republic Processing Group (RPG) businesses: Core Bank net interest income grew 12%, while RPG net income surged 55% to $59.6 million, fueled by sharply lower provision expenses in Tax Refund Solutions and explosive 244% growth in Republic Credit Solutions. Despite a 9% increase in non-interest expense — largely attributable to $8.4 million higher salaries and benefits and $6.2 million in core conversion costs — the Company maintained an industry-leading efficiency ratio of 52.7%, reflecting disciplined cost control and operating leverage. Net interest margin expanded 29 basis points to 3.87% for 2025, supported by favorable deposit cost trends (down to 1.50% in 4Q25 from 1.79% in 4Q24) and steady loan-to-deposit ratios near 100%. Credit quality remained exceptional, with net charge-offs at just 0.03% — well below peers and consistent with Republic’s conservative underwriting. As of March 31, 2026, total assets stood at $7.3 billion, with $5.4 billion in loans and $5.2 billion in deposits, indicating stable balance sheet growth. Capital levels remained among the strongest in the industry, with Tier 1 Risk-Based and CET1 ratios at 14.9% and 15.6%, respectively, as of December 31, 2025. The presentation emphasized forward-looking statements tied to 2026 Q1 results and strategic initiatives, but no specific quantitative guidance for 2026 was provided beyond qualitative commentary on continued investment in technology, associate development, and business line expansion.