REPUBLIC BANCORP INC KY

For the period ended Apr 25, 2024. Filed Apr 25, 2024.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Apr 25, 2024 · Filed Apr 25, 2024

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RBCAA$90.91-0.2%Stored close · as of Nov 6, 2026

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EX-99.2 · INCOME STATEMENT DATA



Income Statement Data
· · Three Months Ended · · · Three Months Ended · · · $ Change (8)
· · Mar. 31, 2024 · · Dec. 31, 2023 · · Sep. 30, 2023 · · Jun. 30, 2023 · · Mar. 31, 2023 · · · Mar. 31, 2024 · · Mar. 31, 2023 · · · 3M to 3M ·

Total interest income (1)	$130,632	$90,785	$85,868	$79,054	$100,356	$130,632	$100,356	$30,276
Total interest expense	33,713	24,003	21,043	14,525	7,714	33,713	7,714	25,999
Net interest income	96,919	66,782	64,825	64,529	92,642	96,919	92,642	4,277

Provision (2)	30,622	10,989	3,730	6,139	26,766	30,622	26,766	3,856

Noninterest income:
Service charges on deposit accounts	3,313	3,470	3,559	3,527	3,299	3,313	3,299	14
Net refund transfer fees	10,820	220	242	4,479	10,807	10,820	10,807	13
Mortgage banking income (3)	310	983	852	907	800	310	800	(490)
Interchange fee income	3,157	3,305	3,282	3,419	3,051	3,157	3,051	106
Program fees (3)	4,179	4,561	4,041	3,739	3,241	4,179	3,241	938
Increase in cash surrender value of BOLI	754	705	690	689	635	754	635	119
Net losses on OREO	(53)	(53)	(53)	(52)	(53)	(53)	(53)	—
Other*	893	1,589	1,732	2,943	901	893	901	(8)
Total noninterest income*	23,373	14,780	14,345	19,651	22,681	23,373	22,681	692

Noninterest expense:
Salaries and employee benefits	29,716	26,397	28,747	30,764	29,961	29,716	29,961	(245)
Technology, equipment, and communication	7,490	7,648	7,311	6,920	7,228	7,490	7,228	262
Occupancy	3,822	3,467	3,503	3,591	3,406	3,822	3,406	416
Marketing and development	1,924	2,304	2,055	2,513	1,574	1,924	1,574	350
FDIC insurance expense	772	690	677	724	637	772	637	135
Interchange related expense	1,298	1,536	1,580	1,350	1,499	1,298	1,499	(201)
Legal and professional fees	1,055	511	803	829	1,061	1,055	1,061	(6)
Merger expense	41	92	(132)	127	2,073	41	2,073	(2,032)
Other (2)*	4,853	4,409	3,824	4,715	5,004	4,853	5,004	(151)
Total noninterest expense*	50,971	47,054	48,368	51,533	52,443	50,971	52,443	(1,472)

Income before income tax expense	38,699	23,519	27,072	26,508	36,114	38,699	36,114	2,585
Income tax expense	8,093	3,860	5,501	5,456	8,022	8,093	8,022	71

Net income	$30,606	$19,659	$21,571	$21,052	$28,092	$30,606	$28,092	$2,514

() For the three months ended September 30, 2023 management has reclassified certain items between noninterest income and noninterest expense.*

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