NASDAQ$RBCAA

Republic Bancorp Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Republic Bancorp reported a net income of $26.7 million for Q1 2020, with diluted EPS of $1.28, ROA of 1.90%, and ROE of 13.71%.

Republic Bancorp reported a net income of $26.7 million for the first quarter of 2020, a 10% decrease compared to the first quarter of 2019, primarily due to an increase in the allowance for credit losses related to the potential impact of the COVID-19 pandemic.

  • Net income was $26.7 million, down 10% from Q1 2019.
  • Diluted EPS was $1.28.
  • Return on average assets (ROA) was 1.90%.
  • Return on average equity (ROE) was 13.71%.

Headline financials

Total Revenue

$103M

Previous: $99.7M+3.6%
EPS (adj)

$1.28

Previous: $1.41-9.2%
ROA

1.9%

Previous: 2.2%-12.0%
ROE

13.7%

Previous: 16.7%-17.9%
Capital Expenditures

-$1.11M

Previous: -$1.04M-7.0%
Free Cash Flow

$25.6M

Previous: $28.5M-10.2%
Net Income

$26.7M

Previous: $29.5M-9.6%
Operating Income

$59.9M

Previous: $60.6M-1.2%
Gross Profit

$80M

Previous: $82.2M-2.7%
Cash & Equivalents

$316M

Previous: $346M-8.5%
Total Assets

$5.72B

Previous: $5.37B+6.6%

Revenue & EPS history

Republic Bancorp · Revenue · Quarterly

$103M

Q1 2020+3.6%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Republic Bancorp · $44.9M total across 2 segments · Q1 2020

  • Traditional Banking
    $40.6M
  • Warehouse Lending
    $4.31M

Forward guidance

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in the preceding paragraphs are based on our current expectations and assumptions regarding our business, the future impact to our balance sheet and income statement resulting from changes in interest rates, the yield curve, the ability to develop products and strategies in order to meet the Company’s long-term strategic goals, the economy, and other future conditions, including, but not limited to, the impact of the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.6%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+8.2%

Q3 2016

Best reaction

-8.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%+5.4%+9.4%
Q4 2025+1.9%+3.9%-3.4%
Q3 2025+4.3%+2.3%-2.2%
Q2 2025-1.3%-5.9%+7.4%
Q1 2025+1.1%+2.7%-0.7%
Q4 2024-2.4%-2.7%-4.4%
Q3 2024-1.2%+0.5%+12.5%
Q2 2024+3.2%+2.8%-3.7%
Q1 2024+1.3%+1.8%+5.2%
Q3 2023+0.9%-0.7%+4.1%
Q2 2023-3.8%-2.2%-2.6%
Q1 2023+2.4%-3.3%-0.7%
Q4 2022+3.2%+4.8%+4.8%
Q3 2022+6.2%+8.5%+6.3%
Q2 2022-8.3%-6.2%-6.9%
Q1 2022-2.9%-4.8%-5.9%
Q4 2021+0.9%+0.5%-3.7%
Q3 2021+1.1%-0.8%+2.7%
Q2 2021+2.2%+2.8%+6.4%
Q1 2021+0.3%-1.7%+2.1%
Q4 2020-0.5%+3.0%+14.9%
Q3 2020+2.2%+6.5%+15.8%
Q2 2020-3.0%-3.2%+2.6%
Q1 2020+3.1%+8.3%+0.5%
Q4 2019+2.1%+0.1%-4.1%
Q3 2019+2.9%+3.0%+6.3%
Q2 2019-7.0%-2.2%-12.3%
Q1 2019-2.9%+1.6%+3.3%
Q4 2018+0.7%+4.3%+14.2%
Q3 2018-3.5%-8.9%+3.0%
Q2 2018+1.2%+2.0%+1.3%
Q1 2018+6.9%+6.6%+12.1%
Q4 2017-0.7%-1.4%-0.5%
Q3 2017+0.2%+1.6%-1.8%
Q2 2017-2.1%-1.1%-4.3%
Q1 2017+5.5%+7.1%+0.0%
Q4 2016-1.0%-1.7%-3.5%
Q3 2016+8.2%+8.7%+24.6%
Q2 2016+0.6%+0.7%+3.6%
Q1 2016+2.0%
Q4 2015+0.9%
Q3 2015+0.8%
Q2 2015-1.3%
Q1 2015+0.7%
Q4 2014+1.3%
Q3 2014-1.4%
Q2 2014+2.1%
Q1 2014+1.8%
Q4 2013-2.7%
Q3 2013-0.3%
Q2 2013-2.0%
Q1 2013-1.2%
Q4 2012+1.0%
Q3 2012-5.1%
Q2 2012+0.8%
Q1 2012-1.9%
Q4 2011-0.4%
Q3 2011-2.6%
Q2 2011-1.6%
Q1 2011+3.6%
Q4 2010+0.1%
Q3 2010-3.4%
Q2 2010-0.1%
Q1 2010-2.1%

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