Republic Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 16, 2020 at 08:09 am EDT
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Republic Bancorp, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 52.252 million compared to USD 55.486 million a year ago. Net income was USD 20.389 million compared to USD 18.408 million a year ago. For the nine months, net interest income was USD 177.195 million compared to USD 181.731 million a year ago. Net income was USD 62.890 million compared to USD 65.931 million a year ago.
Republic Bancorp, Inc. is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank provides both traditional and non-traditional banking products. Its segments include Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions (TRS), Republic Payment Solutions (RPS), and Republic Credit Solutions (RCS). Its Traditional Banking products and services are offered through the Company's traditional RB&T brand. The Warehouse segment provides short-term, revolving credit facilities to mortgage bankers across the United States. Mortgage Banking activities primarily include fixed-term single-family, first-lien residential real estate loans. Through the TRS segment, the Bank facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers. The RPS segment offers a range of payments-related products and services to consumers.
REPUBLIC BANCORP, INC. 
