REPUBLIC BANCORP INC KY

For the period ended Oct 18, 2024. Filed Oct 18, 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.

Oct 18, 2024 · Filed Oct 18, 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 · · · Nine Months Ended
· · Sep. 30, 2024 · · Jun. 30, 2024 · · Mar. 31, 2024 · · Dec. 31, 2023 · · Sep. 30, 2023 · · · Sep. 30, 2024 · · Sep. 30, 2023

Total interest income (1)	$101,546	$97,700	$130,632	$90,785	$85,868	$329,878	$265,278
Total interest expense	30,241	29,164	33,713	24,003	21,043	93,118	43,282
Net interest income	71,305	68,536	96,919	66,782	64,825	236,760	221,996

Provision (2)	5,660	5,143	30,622	10,989	3,730	41,425	36,635

Noninterest income:
Service charges on deposit accounts	3,693	3,526	3,313	3,470	3,559	10,532	10,385
Net refund transfer fees	582	3,811	10,820	220	242	15,213	15,528
Mortgage banking income (3)	2,062	1,612	310	983	852	3,984	2,559
Interchange fee income	3,286	3,351	3,157	3,305	3,282	9,794	9,752
Program fees (3)	4,962	4,398	4,179	4,561	4,041	13,539	11,021
Increase in cash surrender value of BOLI	826	792	754	705	690	2,372	2,014
Death benefits in excess of cash surrender value of life insurance	—	—	—	—	—	—	1,728
Net losses on OREO	(53)	(48)	(53)	(53)	(53)	(154)	(158)
Other*	1,455	904	893	1,589	1,732	3,252	3,848
Total noninterest income*	16,813	18,346	23,373	14,780	14,345	58,532	56,677

Noninterest expense:
Salaries and employee benefits	28,792	29,143	29,716	26,397	28,747	87,651	89,472
Technology, equipment, and communication	7,544	7,340	7,490	7,648	7,311	22,374	21,459
Occupancy	3,224	3,409	3,822	3,467	3,503	10,455	10,500
Marketing and development	1,983	2,705	1,924	2,304	2,055	6,612	6,142
FDIC insurance expense	764	748	772	690	677	2,284	2,038
Interchange related expense	1,540	1,412	1,298	1,536	1,580	4,250	4,429
Legal and professional fees	870	770	1,055	511	803	2,695	2,693
Merger expense	—	—	41	92	(132)	41	2,068
Other (2)*	3,892	4,107	4,853	4,409	3,824	12,852	13,543
Total noninterest expense*	48,609	49,634	50,971	47,054	48,368	149,214	152,344

Income before income tax expense	33,849	32,105	38,699	23,519	27,072	104,653	89,694
Income tax expense	7,306	6,899	8,093	3,860	5,501	22,298	18,979

Net income	$26,543	$25,206	$30,606	$19,659	$21,571	$82,355	$70,715

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

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