REPUBLIC BANCORP INC /KY/ RBCAA Income Statement

Republic bancorp inc /ky/ (RBCAA)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
INTEREST INCOME:
Loans, including fees
260,064	237,621	205,582	164,232	133,958	123,360	124,843	170,542	177,715	176,463	192,023
Taxable investment securities
13,546	11,830	9,404	7,876	7,046	7,481	8,067	10,729	15,309	14,590	18,362
Tax exempt investment securities
-	-	-	-	-	-	-	-	-	11	23
Federal Home Loan Bank stock and other
7,273	6,730	3,792	1,884	1,428	1,536	1,658	2,188	2,091	2,409	2,197
Total interest income
280,883	256,181	218,778	173,992	142,432	132,377	134,568	183,459	195,115	193,473	212,605
INTEREST EXPENSE:
Deposits
29,135	17,017	9,802	6,058	4,380	3,905	4,093	5,074	8,914	13,129	21,887
Securities sold under agreements to repurchase and other short-term borrowings
1,211	1,125	502	65	92	112	70	375	646	1,026	1,063
Federal Home Loan Bank advances
12,791	10,473	8,860	10,900	11,934	13,072	14,715	14,833	18,180	19,991	23,277
Subordinated note
1,620	1,508	1,094	915	2,056	2,515	2,515	2,522	2,515	2,515	2,515
Total interest expense
44,757	30,123	20,258	17,938	18,462	19,604	21,393	22,804	30,255	36,661	48,742
NET INTEREST INCOME
236,126	226,058	198,520	156,054	123,970	112,773	113,175	160,655	164,860	156,812	163,863
Credit loss expense
25,758	31,368	27,704	14,493	5,396	2,859	2,983	15,043	17,966	-19,714	-33,975
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE
210,368	194,690	170,816	141,561	118,574	109,914	110,192	145,612	146,894	137,098	129,888
NONINTEREST INCOME:
Service charges on deposit accounts
14,197	14,273	13,357	13,176	13,015	13,807	13,954	13,496	14,105	15,562	19,156
Net refund transfer fees
21,158	20,029	18,500	19,240	17,388	16,130	13,884	78,304	88,195	58,789	-
Mortgage banking income
9,499	4,825	4,642	6,882	4,411	2,862	7,258	8,447	3,899	5,797	11,021
Interchange fee income
11,859	11,159	9,881	9,009	8,353	7,017	6,927	6,327	5,791	5,067	5,114
Program fees
4,712	6,225	5,824	3,044	1,233	591	-	-	-	-	-
Gain recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	0
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	279	221	5,822
Increase in cash surrender value of bank owned life insurance
1,550	1,527	1,562	1,516	1,402	1,329	86	-	-	-	-
Net losses on debt securities
-	-	-136	-	88	-	-	-	279	-221	-5,822
Electronic refund check fees
-	-	-	-	-	-	-	-	-	-	25,289
Net RAL securitization income
-	-	-	-	-	-	-	-	-	-	514
Bargain purchase gain
-	-	-	-	-	-	1,324	-	-	-	-
Gain on sale of banking center
-	-	-	-	-	-	-	-	2,856	-	-
Gain on call of securities available for sale
-	-	-	-	-	-	-	56	2,285	-	-
Net gains on other real estate owned
540	729	676	244	-301	-2,218	346	-1,303	444	-	-
Net gain on branch divestiture
7,829	-	-	-	-	-	-	-	-	-	-
Other
3,664	4,658	4,108	4,398	2,405	3,001	2,451	2,700	2,328	2,664	2,349
Total noninterest income
75,008	63,425	58,414	57,509	47,994	42,519	46,230	163,465	119,624	87,658	57,621
NONINTEREST EXPENSE:
Salaries and employee benefits
99,181	91,189	82,233	69,882	58,091	54,373	57,778	60,633	54,966	55,246	51,173
Occupancy and equipment, net
25,868	24,883	24,019	21,586	20,557	22,008	21,918	22,474	21,713	21,958	22,370
Communication and transportation
4,447	4,785	4,711	4,256	3,752	3,866	4,128	5,806	5,695	5,418	5,354
Marketing and development
5,023	4,432	5,188	3,778	3,161	3,264	3,106	3,213	3,237	10,813	13,146
FDIC insurance expense
743	1,494	1,378	1,780	2,084	1,865	1,682	1,403	4,425	3,155	4,993
Bank franchise tax expense
5,293	4,951	4,626	4,757	4,734	4,616	4,115	3,916	3,645	3,187	2,643
Data processing
9,189	9,613	7,748	6,121	4,340	3,513	3,120	4,109	3,207	2,697	3,017
Interchange related expense
4,870	4,480	3,988	4,140	3,873	3,450	3,063	2,662	2,239	1,741	3,096
Supplies
1,693	1,444	1,594	1,406	1,101	1,009	1,157	2,114	2,353	2,359	2,398
Other real estate owned and other repossession expense
326	94	388	503	735	1,024	1,948	2,140	2,356	1,829	2,253
Legal and professional fees
3,357	3,459	2,410	2,556	3,306	2,766	5,955	1,866	3,969	1,832	1,298
FHLB advance prepayment penalty
-	-	-	846	0	0	-	-2,436	-	-	-
Impairment of premises held for sale
256	482	1,175	191	132	-	-	-	-	-	-
Charitable contributions
-	-	-	-	-	-	-	3,341	5,933	6,232	1,494
FDIC civil money penalty
-	-	-	-	-	-	-	-	900	-	-
FHLB advance prepayment expense
-	-	-	-	-	-	-	-	-	1,531	-
Other
11,937	12,546	11,386	8,305	7,458	6,364	7,954	9,019	7,683	8,325	8,250
Total noninterest expense
172,183	163,852	150,844	130,107	113,324	108,118	115,924	125,132	122,321	126,323	121,485
INCOME BEFORE INCOME TAX EXPENSE
113,193	94,263	78,386	68,963	53,244	44,315	40,498	183,945	144,197	98,433	66,024
Income tax expense - Other
-	-	-	-	18,078	-	-	-	-	-	-
INCOME TAX EXPENSE
21,494	16,411	32,754	23,060	18,078	15,528	15,075	64,606	50,048	33,680	23,893
NET INCOME
91,699	77,852	45,632	45,903	35,166	28,787	25,423	119,339	94,149	64,753	42,131
BASIC EARNINGS PER SHARE:
DILUTED EARNINGS PER SHARE:
Unrealized gain (loss) on securities available for sale, net of tax
-	-	-	-	-	-	-	-	-	-	2,799
Other-than-temporary-impairment on available for sale securities recorded in other comprehensive income, net of tax
-	-	-	-	-	-	-	-	-	-	1,800
Change in unrealized losses on securities available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings, net of tax
-	-	-	-	-	-	-	-	-	-	-380
Reclassification adjustment for gains/losses realized in income, net of tax
-	-	-	-	-	-	-	-	-	-	-1,984
Other comprehensive income
-	-	-	-	-	-	-	-	-	-	6,963
COMPREHENSIVE INCOME
-	-	-	-	-	-	-	-	-	-	49,094
Class A Common Stock
Basic earnings per share (in dollars per share)
4.41	3.76	2.21	2.22	-	-	-	-	-	-	-
Diluted earnings per share (in dollars per share)
4.39	3.74	2.20	2.22	-	-	-	-	-	-	-
Class B Common Stock
Basic earnings per share (in dollars per share)
4.01	3.41	2.01	2.02	-	-	-	-	-	-	-
Diluted earnings per share (in dollars per share)
3.99	3.40	2.00	2.01	-	-	-	-	-	-	-