
Overview
Republic Bancorp Q2 net income rises 25% yr/yr to $31.5 mln
Diluted EPS for Q2 increases 24% to $1.61 per share
Core Bank segment drives growth with 13% rise in net interest income
Outlook
Company expects technology cost benefits from new call center system
Result Drivers
NET INTEREST INCOME - Core Bank net interest income rose 13% driven by increased asset yields and cost of funds moderation
LOAN CHARGE-OFFS - Continued favorably low loan charge-offs within Core Bank contributed to strong results
DIVERSIFIED EARNINGS - All five reporting segments posted strong results, supporting overall earnings growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $1.61 |
|
Q2 Net Income |
| $31.5 mln |
|
Q2 ROE |
| 1.8% |
|
Press Release: ID:nBw3w1SVpa