REPUBLIC BANCORP INC KY
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
RBCAA$91.57-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated balance sheets — December 31, 2024 and 2023
CONSOLIDATED BALANCE SHEET****S
DECEMBER 31,* (in thousands, except share data)*
| | | | | | | |
|---|---|---|---|---|---|---|
| | 2024 | 2023 | ||||
| | | | | | | |
| ASSETS | | | | | | |
| | | | | | | |
| Cash and cash equivalents | | $432,151 | | $316,567 | ||
| Available-for-sale debt securities, at fair value (amortized cost of $602,493 in 2024 and $618,525 in 2023, allowance for credit losses of $0 in 2024 and 2023) | | 584,155 | | 591,313 | ||
| Held-to-maturity debt securities (fair value of $10,735 in 2024 and $76,167 in 2023, allowance for credit losses of $0 in 2024 and $10 in 2023) | | 10,778 | | 76,387 | ||
| Equity securities with readily determinable fair value | | | 693 | | | 174 |
| Mortgage loans held for sale, at fair value | | 8,312 | | 3,227 | ||
| Consumer loans held for sale, at fair value | | | 5,443 | | | 7,914 |
| Consumer loans held for sale, at the lower of cost or fair value | | | 18,632 | | | 16,094 |
| Loans (loans carried at fair value of $0 in 2024 and $0 in 2023) | | 5,439,466 | | 5,239,861 | ||
| Allowance for credit losses | | (91,978) | | (82,130) | ||
| Loans, net | | 5,347,488 | | 5,157,731 | ||
| Federal Home Loan Bank stock, at cost | | 24,478 | | 23,770 | ||
| Premises and equipment, net | | 32,309 | | 33,411 | ||
| Right-of-use assets | | | 36,182 | | | 34,691 |
| Goodwill | | 40,516 | | 40,516 | ||
| Other real estate owned | | 1,160 | | 1,370 | ||
| Bank owned life insurance | | 107,125 | | 103,916 | ||
| Other assets and accrued interest receivable | | 197,245 | | 187,810 | ||
| | | | | | | |
| TOTAL ASSETS | | $6,846,667 | | $6,594,891 | ||
| | | | | | | |
| LIABILITIES | | | | | | |
| | | | | | | |
| Deposits: | | | | | | |
| Noninterest-bearing | | $1,207,764 | | $1,676,998 | ||
| Interest-bearing | | 4,002,782 | | 3,376,165 | ||
| Total deposits | | 5,210,546 | | 5,053,163 | ||
| | | | | | | |
| Securities sold under agreements to repurchase and other short-term borrowings | | 103,318 | | 97,618 | ||
| Operating lease liabilities | | | 37,121 | | | 35,539 |
| Federal Home Loan Bank advances | | 395,000 | | 380,000 | ||
| Other liabilities and accrued interest payable | | 108,653 | | 115,815 | ||
| | | | | | | |
| Total liabilities | | 5,854,638 | | 5,682,135 | ||
| | | | | | | |
| Commitments and contingent liabilities (Footnote 12) | | — | | — | ||
| | | | | | | |
| STOCKHOLDERS’ EQUITY | | | | | | |
| | | | | | | |
| Preferred stock, no par value | | — | | — | ||
| Class A Common Stock, no par value, 30,000,000 shares authorized, 17,297,878 shares (2024) and 17,203,355 shares (2023) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,150,090 shares (2024) and 2,154,562 shares (2023) issued and outstanding | | 4,587 | | 4,553 | ||
| Additional paid in capital | | 148,053 | | 142,124 | ||
| Retained earnings | | 853,627 | | 786,487 | ||
| Accumulated other comprehensive (loss) income | | (14,238) | | (20,408) | ||
| | | | | | | |
| Total stockholders’ equity | | 992,029 | | 912,756 | ||
| | | | | | | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | | $6,846,667 | | $6,594,891 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.