REPUBLIC BANCORP INC KY

For the period ended Jul 19, 2024. Filed Jul 19, 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.

Jul 19, 2024 · Filed Jul 19, 2024

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

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Contents

EX-99.2 · INCOME STATEMENT DATA



Income Statement Data
· · Three Months Ended · · · Six Months Ended · · · $ Change (8)
· · Jun. 30, 2024 · · Mar. 31, 2024 · · Dec. 31, 2023 · · Sep. 30, 2023 · · Jun. 30, 2023 · · · Jun. 30, 2024 · · Jun. 30, 2023 · · · 6M to 6M ·

Total interest income (1)	$97,700	$130,632	$90,785	$85,868	$79,054	$228,332	$179,410	$48,922
Total interest expense	29,164	33,713	24,003	21,043	14,525	62,877	22,239	40,638
Net interest income	68,536	96,919	66,782	64,825	64,529	165,455	157,171	8,284

Provision (2)	5,143	30,622	10,989	3,730	6,139	35,765	32,905	2,860

Noninterest income:
Service charges on deposit accounts	3,526	3,313	3,470	3,559	3,527	6,839	6,826	13
Net refund transfer fees	3,811	10,820	220	242	4,479	14,631	15,286	(655)
Mortgage banking income (3)	1,612	310	983	852	907	1,922	1,707	215
Interchange fee income	3,351	3,157	3,305	3,282	3,419	6,508	6,470	38
Program fees (3)	4,398	4,179	4,561	4,041	3,739	8,577	6,980	1,597
Increase in cash surrender value of BOLI	792	754	705	690	689	1,546	1,324	222
Death benefits in excess of cash surrender value of life insurance	—	—	—	—	1,728	—	1,728	(1,728)
Net losses on OREO	(48)	(53)	(53)	(53)	(52)	(101)	(105)	4
Other*	904	893	1,589	1,732	1,215	1,797	2,116	(319)
Total noninterest income*	18,346	23,373	14,780	14,345	19,651	41,719	42,332	(613)

Noninterest expense:
Salaries and employee benefits	29,143	29,716	26,397	28,747	30,764	58,859	60,725	(1,866)
Technology, equipment, and communication	7,340	7,490	7,648	7,311	6,920	14,830	14,148	682
Occupancy	3,409	3,822	3,467	3,503	3,591	7,231	6,997	234
Marketing and development	2,705	1,924	2,304	2,055	2,513	4,629	4,087	542
FDIC insurance expense	748	772	690	677	724	1,520	1,361	159
Interchange related expense	1,412	1,298	1,536	1,580	1,350	2,710	2,849	(139)
Legal and professional fees	770	1,055	511	803	829	1,825	1,890	(65)
Merger expense	—	41	92	(132)	127	41	2,200	(2,159)
Other (2)*	4,107	4,853	4,409	3,824	4,715	8,960	9,719	(759)
Total noninterest expense*	49,634	50,971	47,054	48,368	51,533	100,605	103,976	(3,371)

Income before income tax expense	32,105	38,699	23,519	27,072	26,508	70,804	62,622	8,182
Income tax expense	6,899	8,093	3,860	5,501	5,456	14,992	13,478	1,514

Net income	$25,206	$30,606	$19,659	$21,571	$21,052	$55,812	$49,144	$6,668

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

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