NASDAQ$RBCAA
Republic Bancorp Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Republic Bancorp reported net income of $25.2 million and diluted EPS of $1.30 for Q2 2024.
Republic Bancorp reported a strong performance in Q2 2024, with net income increasing by 20% and diluted EPS increasing by 22% compared to Q2 2023. The company saw growth in its core banking franchise and effective management of risks and expenses.
- Core Bank asset quality remained excellent with low net charge-offs and nonperforming loans.
- The company completed the sale of $67 million of lower-yielding mortgage loans.
- Traditional Bank loan portfolio grew by $16 million.
- Republic Processing Group's net income increased by 14%.
Headline financials
Revenue & EPS history
Republic Bancorp · Revenue · Quarterly
$68.5M
Revenue by segment
Republic Bancorp · $51.3M total across 2 segments · Q2 2023
- Traditional Banking$48.7M—94.9%
- Warehouse Lending$2.64M-32.0%5.1%
Forward guidance
Achieving moderately priced deposit growth will remain a major focus in the second half of 2024.
Tailwinds
- Superior customer service
- Competitive products
- Convenient locations
- Solid digital capabilities
- Potential for long-term value creation
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 Q2 2024
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro