Republic Bancorp, Inc. reported a 25% increase in net income for the second quarter of 2025, reaching $31.5 million compared to $25.2 million in the same period of 2024. Diluted Earnings per Class A Common Share rose to $1.61, an increase of 24% from $1.30 the previous year. The company achieved a return on average assets of 1.79% and a return on average equity of 11.96% for the quarter. The results were supported by increased asset yields and moderation in the cost of funds, leading to solid Core Bank Net Interest Margin expansion. Republic Credit Solutions, a division of the company, saw a 40% increase in net income, rising from $5.0 million in the second quarter of 2024 to $7.0 million in 2025. This growth was driven primarily by improvements in one of its Line-of-Credit products, which experienced a $1.9 million increase in net income. Republic Bancorp also introduced a new branding initiative, "Republic Bank. Time to Thrive.™," in June, reflecting the company's commitment to its community and clients.
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