NASDAQ$RBCAA

Republic Bancorp Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Republic Bancorp reported an increase in net income for the fourth quarter of 2020, driven by diversity of revenue sources among its various operating segments.

Republic Bancorp, Inc. reported a net income of $20.3 million for the fourth quarter of 2020, resulting in Diluted Earnings Per Class A Common Share of $0.98. The company's net income results for the fourth quarter of 2020 represents an 11% increase over the company's fourth quarter 2019 adjusted net income of $18.3 million.

  • Net income for the quarter was $20.3 million, with diluted EPS of $0.98.
  • Core Bank net interest income increased by $3.6 million, or 8%, driven by PPP portfolio fee income and Warehouse segment growth.
  • Mortgage Banking income increased by $5.4 million, driven by improved origination volume and pricing.
  • The company's effective tax rate decreased to 13.9% due to recording additional deferred tax assets from Kentucky HB354.

Headline financials

Total Revenue

$55.1M

Previous: $54.4M+1.3%
EPS (adj)

$0.98

Previous: $0.89+10.1%
ROA

1.3%

Previous: 1.8%-27.9%
ROE

9.9%

Previous: 13.6%-27.2%
Net Income

$20.4M

Previous: $25.8M-21.0%

Revenue & EPS history

Republic Bancorp · Revenue · Quarterly

$55.1M

Q4 2020+1.3%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Republic Bancorp · $51.3M total across 2 segments · Q2 2023

  • Traditional Banking
    $48.7M
  • Warehouse Lending
    $2.64M-32.0%

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 2020

Historical avgQ4 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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