REPUBLIC BANCORP INC /KY/
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
RBCAA$91.88+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
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| PART I — FINANCIAL INFORMATION | | |
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| Item 1. | Financial Statements. | 4 |
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| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. | 57 |
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| Item 3. | Quantitative and Qualitative Disclosures about Market Risk. | 92 |
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| Item 4. | Controls and Procedures. | 92 |
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| PART II — OTHER INFORMATION | | |
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| Item 1. | Legal Proceedings. | 92 |
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| Item 1A. | Risk Factors. | 92 |
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| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds. | 93 |
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| Item 5. | Other Information. | 93 |
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| Item 6. | Exhibits. | 94 |
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| | SIGNATURES | 95 |
GLOSSARY OF TERMS
The terms identified in alphabetical order below are used throughout this Form 10-Q. You may find it helpful to refer to this page as you read this report.
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| Term | Definition | |
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| 2024 Tax Season | | December 2023 through February 2024 |
| 2025 Tax Season | | December 2024 through February 2025 |
| ACH | | Automated Clearing House |
| ACL | | Allowance for Credit Losses |
| ACLC | | Allowance for Credit Losses on Off-Balance Sheet Credit Exposures |
| ACLL | | Allowance for Credit Losses on Loans |
| ACLS | | Allowance for Credit Losses on Securities |
| AFS | | Available for Sale |
| AOCI | | Accumulated Other Comprehensive Income |
| ASC | | Accounting Standards Codification |
| ASU | | Accounting Standards Update |
| Basic EPS | | Basic earnings per Class A Common Share |
| BOLI | | Bank Owned Life Insurance |
| BPO | | Brokered Price Opinion |
| C&D | | Construction and Development |
| C&I | | Commercial and Industrial |
| CARES Act | | Coronavirus Aid, Relief, and Economic Security Act |
| CECL | | Current Expected Credit Losses |
| CMO | | Collateralized Mortgage Obligation |
| CODM | | Chief Operating Decision Maker |
| Core Bank | | The Traditional Banking and Warehouse Lending reportable segments of the Company |
| COVID | | Coronavirus Disease of 2019 |
| CRE | | Commercial Real Estate |
| DDA | | Demand Deposit Account |
| Diluted EPS | | Diluted earnings per Class A Common Share |
| Economic Aid Act | | Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act |
| ERA | | Early Season Refund Advance |
| ESPP | | Employee Stock Purchase Plan |
| EVP | | Executive Vice President |
| FASB | | Financial Accounting Standards Board |
| FDIC | | Federal Deposit Insurance Corporation |
| FFTR | | Federal Funds Target Rate |
| FHLB | | Federal Home Loan Bank |
| FHLMC | | Federal Home Loan Mortgage Corporation |
| FICO | | Fair Isaac Corporation |
| FNMA | | Federal National Mortgage Association |
| FOMC | | Federal Open Market Committee |
| FRB | | Federal Reserve Bank |
| FTE | | Full Time Equivalent |
| FTP | | Funds Transfer Pricing |
| GAAP | | Generally Accepted Accounting Principles in the United States |
| HEAL | | Home Equity Amortizing Loan |
| HELOC | | Home Equity Line of Credit |
| HTM | | Held to Maturity |
| IRS | | Internal Revenue Service |
| ITM | | Interactive Teller Machine |
| LGD | | Loss Given Default |
| LIBOR | | London Interbank Offered Rate |
| LOC | | Line of Credit |
| LOC I | | RCS product introduced in 2014 for which the Bank participates out a 90% interest and holds a 10% interest |
| LOC II | | RCS product introduced in 2021 for which the Bank participates out a 95% interest and holds a 5% interest |
| LRA | | Lender Risk Account |
| LTV | | Loan to Value |
| MBS | | Mortgage Backed Securities |
| MSRs | | Mortgage Servicing Rights |
| NA | | Not Applicable |
| NIM | | Net Interest Margin |
| NM | | Not Meaningful |
| OBS | | Off-Balance Sheet |
| OCI | | Other Comprehensive Income |
| OREO | | Other Real Estate Owned |
| OTTI | | Other than Temporary Impairment |
| PCD | | Purchased Credit Deteriorated |
| PD | | Probability of Default |
| PPP | | SBA's Paycheck Protection Program |
| Prime | | The Wall Street Journal Prime Interest Rate |
| Provision | | Provision for Expected Credit Loss Expense |
| PSU | | Performance Stock Unit |
| RA | | Refund Advance |
| RB&T / the Bank | | Republic Bank & Trust Company |
| RCS | | Republic Credit Solutions segment |
| Republic / the Company | | Republic Bancorp, Inc. |
| RPG | | Republic Processing Group |
| RPS | | Republic Payment Solutions |
| RT | | Refund Transfer |
| SBA | | U.S. Small Business Administration |
| SEC | | Securities and Exchange Commission |
| SSUAR | | Securities Sold Under Agreements to Repurchase |
| Tax Provider | | Third-party tax preparers located throughout the U.S., as well as tax-preparation software providers that offer Republic Bank ERAs, RAs, and RTs |
| TDR | | Troubled Debt Restructuring |
| The Captive | | Republic Insurance Services, Inc. |
| TRS | | Tax Refund Solutions segment |
| TRUP | | Trust Preferred Security Investment |
| Warehouse | | Warehouse Lending segment |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.