NASDAQ$RBCAA

Republic Bancorp Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Net income increased by 49% year-over-year, resulting in diluted EPS of $1.23.

Republic Bancorp reported a strong fourth quarter with a 49% increase in net income compared to the same period last year, driven by solid balance sheet growth and favorable asset quality.

  • Reported Q4 net income of $25.8 million, a 49% increase year-over-year.
  • Diluted earnings per Class A Common Share were $1.23.
  • Adjusted Q4 net income was $18.8 million, a 9% increase year-over-year, excluding one-time benefits from branch sales.
  • Core Bank net income increased by $7.1 million, or 44%, compared to Q4 2018.

Headline financials

Total Revenue

$54.4M

Previous: $54.3M+0.2%
EPS (adj)

$0.89

Previous: $0.83+7.2%
ROA

1.8%

No prior period
ROE

13.6%

No prior period
Net Interest Margin

4.0%

No prior period
NPL Ratio

0.5%

No prior period
Delinquent Loans Ratio

0.5%

No prior period
Net Charge-offs Ratio

0.4%

No prior period
Banking Centers

41

No prior period
Net Income

$25.8M

No prior period
Operating Income

$32.3M

No prior period

Revenue & EPS history

Republic Bancorp · Revenue · Quarterly

$54.4M

Q4 2019+0.2%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Republic Bancorp · $62.3M total across 2 segments · Q4 2019

  • Traditional Banking
    $57.7M
  • Warehouse Lending
    $4.63M

Forward guidance

Looking ahead to 2020, Republic Bancorp is cautiously optimistic, with a well-positioned balance sheet and capital levels for an uncertain interest rate environment.

Tailwinds

  • Balance sheet and capital levels are well-positioned for an uncertain interest rate environment.
  • Talent level is second to none.
  • Strong management team.
  • Over 1,000 dedicated associates.
  • Willingness to go the extra mile each and every day in efforts to make Republic one of the best performing banks in the industry.

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 Q4 2019

Historical avgQ4 2019

+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%

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