Republic Bancorp (RBCAA) investor relations material

Executive summary

• Net income for Q1 2026 was $42.6 million, with diluted EPS of $2.18, reflecting strong core banking performance and disciplined balance sheet management.

• Adjusted net income rose 3% year-over-year to $39.9 million, excluding nonrecurring items.

• Core Bank adjusted net income increased 21% to $21.1 million, while Republic Processing Group (RPG) adjusted net income declined 12% to $18.8 million.

Financial highlights

• Total company net income decreased 10% year-over-year, impacted by several nonrecurring items.

• Core Bank net interest income grew 12% to $63.2 million, with net interest margin up 26 bps to 3.96%.

• Return on average assets was 2.40%, and return on average equity was 15.28% for Q1 2026.

• Noninterest income for Core Bank increased 3% to $15.8 million; adjusted noninterest income rose 2%.

• Core Bank noninterest expenses fell 7% to $47.3 million; adjusted noninterest expenses were flat year-over-year.

Outlook and guidance

• Management expects to recoup the $2.3 million FHLB early termination penalty within 1.2 years through lower borrowing costs.

• Forward-looking statements caution about uncertainties related to interest rates, yield curve, and strategic goals.