REPUBLIC BANCORP INC /KY/

For the period ended Apr 24, 2025. Filed Apr 24, 2025.

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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 24, 2025 · Filed Apr 24, 2025

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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
· · Mar. 31, 2025 · · Dec. 31, 2024 · · Sep. 30, 2024 · · Jun. 30, 2024 · · Mar. 31, 2024 · · · Mar. 31, 2025 · · Mar. 31, 2024

Total interest income (1)	$129,838	$103,108	$101,546	$97,700	$130,632	$129,838	$130,632
Total interest expense	27,150	27,714	30,241	29,164	33,713	27,150	33,713
Net interest income	102,688	75,394	71,305	68,536	96,919	102,688	96,919

Provision (2)	17,672	12,951	5,660	5,143	30,622	17,672	30,622

Noninterest income:
Service charges on deposit accounts	3,460	3,654	3,693	3,526	3,313	3,460	3,313
Net refund transfer fees	13,893	143	582	3,811	10,820	13,893	10,820
Mortgage banking income (3)	1,821	1,454	2,062	1,612	310	1,821	310
Interchange fee income	3,077	3,173	3,286	3,351	3,157	3,077	3,157
Program fees (3)	3,822	4,279	4,962	4,398	4,179	3,822	4,179
Increase in cash surrender value of BOLI	793	836	826	792	754	793	754
Net losses on OREO	(53)	(52)	(53)	(48)	(53)	(53)	(53)
Gain on sale of Visa Class B-1 Shares	4,090	—	—	—	—	4,090	—
Other	2,251	631	1,455	904	893	2,251	893
Total noninterest income	33,154	14,118	16,813	18,346	23,373	33,154	23,373

Noninterest expense:
Salaries and employee benefits	31,069	30,999	28,792	29,143	29,716	31,069	29,716
Technology, equipment, and communication	8,643	8,316	7,544	7,340	7,490	8,643	7,490
Occupancy	3,564	3,401	3,224	3,409	3,822	3,564	3,822
Marketing and development	1,387	2,827	1,983	2,705	1,924	1,387	1,924
FDIC insurance expense	819	728	764	748	772	819	772
Interchange related expense	1,636	1,595	1,540	1,412	1,298	1,636	1,298
Legal and professional fees	1,118	794	870	770	1,055	1,118	1,055
Core conversion & contract consulting fees	5,714	—	—	—	—	5,714	—
Merger expense	—	—	—	—	41	—	41
Other (2)	4,258	4,851	3,892	4,107	4,853	4,258	4,853
Total noninterest expense	58,208	53,511	48,609	49,634	50,971	58,208	50,971

Income before income tax expense	59,962	23,050	33,849	32,105	38,699	59,962	38,699
Income tax expense	12,694	4,034	7,306	6,899	8,093	12,694	8,093

Net income	$47,268	$19,016	$26,543	$25,206	$30,606	$47,268	$30,606

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