Republic Bancorp Q3 net income rises, driven by disciplined pricing

Reuters
10/17
<a href="https://laohu8.com/S/RBCAA">Republic Bancorp</a> Q3 net income rises, driven by disciplined pricing 

Overview

  • Republic Bancorp Q3 net income rises 12% yr/yr, driven by 15% Core Bank growth

  • Company's Q3 diluted EPS increases 11% yr/yr

  • On a total company basis, net interest margin expands to 4.65% from 4.49% in Q3 2024

Outlook

  • Company did not provide specific financial guidance for future periods in its press release

Result Drivers

  • CORE BANK GROWTH - Core Bank net income rose 15%, driven by disciplined pricing and NIM expansion

  • NIM EXPANSION - Net interest margin expanded to 4.65% from 4.49% due to pricing discipline and lower deposit costs

  • CREDIT QUALITY - Credit quality remained solid with low net charge-offs and nonperforming loans ratios

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$1.52

Q3 Net Income

$29.74 mln

Q3 ROE

10.91%

Press Release: ID:nBw4vdw5ja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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