REPUBLIC BANCORP INC /KY/ RBCAA Income Statement

Republic bancorp inc /ky/ (RBCAA)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME:
Loans, including fees
260,749	260,064	257,689	251,089	244,822	237,621	232,439	226,414	217,205	205,582	196,470	187,796	180,807	164,232	155,483	147,926	143,796	133,958	131,419	128,295	124,789	123,360	120,763	121,466	123,091	124,843	128,692	128,365	127,164	170,542	166,604	165,537	164,846	177,715	179,250	181,733	0	0	0
Taxable investment securities
12,738	13,546	13,620	13,363	12,787	11,830	10,800	10,200	9,883	9,404	9,006	8,584	8,176	7,876	7,541	7,332	7,128	7,046	7,103	7,266	7,395	7,481	7,730	7,818	7,886	8,067	8,075	8,574	9,502	10,729	12,414	13,795	14,984	15,309	15,337	15,193	0	0	0
Tax exempt investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Federal Home Loan Bank stock and other
5,922	7,273	7,949	7,837	7,372	6,730	6,389	5,649	4,640	3,792	2,856	2,161	1,877	1,884	1,907	1,846	1,762	1,428	1,399	1,397	1,457	1,536	1,592	1,666	1,687	1,658	1,692	1,639	1,607	2,188	2,118	2,102	2,249	2,091	2,191	2,309	0	0	0
Total interest income
279,409	280,883	279,258	272,289	264,981	256,181	249,628	242,263	231,728	218,778	208,332	198,541	190,860	173,992	164,931	157,104	152,686	142,432	139,921	136,958	133,641	132,377	130,085	130,950	132,664	134,568	138,459	138,578	138,273	183,459	181,136	181,434	182,079	195,115	196,778	199,239	0	0	0
INTEREST EXPENSE:
Deposits
28,689	29,135	26,854	23,374	20,405	17,017	14,868	12,893	11,283	9,802	8,489	7,522	6,545	6,058	5,506	4,954	4,628	4,380	4,293	4,155	4,071	3,905	3,865	3,978	4,016	4,093	4,198	4,352	4,590	5,074	5,596	6,456	7,515	8,914	10,213	11,257	0	0	0
Securities sold under agreements to repurchase and other short-term borrowings
909	1,211	1,422	1,441	1,333	1,125	922	766	690	502	346	196	65	65	71	77	79	92	112	123	128	112	89	72	63	70	88	187	292	375	451	452	507	646	797	930	0	0	0
Federal Home Loan Bank advances
11,709	12,791	13,325	12,268	10,929	10,473	10,021	9,622	8,842	8,860	8,928	9,209	10,239	10,900	11,617	11,935	11,959	11,934	12,032	12,166	12,436	13,072	13,581	14,253	14,721	14,715	14,669	14,500	14,305	14,833	15,568	16,416	17,432	18,180	18,835	19,226	0	0	0
Subordinated note
1,537	1,620	1,650	1,652	1,622	1,508	1,397	1,288	1,166	1,094	1,042	996	953	915	862	1,237	1,638	2,056	2,503	2,515	2,515	2,515	2,515	2,515	2,515	2,515	2,517	2,519	2,521	2,522	2,520	2,518	2,516	2,515	2,518	2,521	0	0	0
Total interest expense
42,844	44,757	43,251	38,735	34,289	30,123	27,208	24,569	21,981	20,258	18,805	17,923	17,802	17,938	18,056	18,203	18,304	18,462	18,940	18,959	19,150	19,604	20,050	20,818	21,315	21,393	21,472	21,558	21,708	22,804	24,135	25,842	27,970	30,255	32,363	33,934	0	0	0
NET INTEREST INCOME
236,565	236,126	236,007	233,554	230,692	226,058	222,420	217,694	209,747	198,520	189,527	180,618	173,058	156,054	146,875	138,901	134,382	123,970	120,981	117,999	114,491	112,773	110,035	110,132	111,349	113,175	116,987	117,020	116,565	160,655	157,001	155,592	154,109	164,860	164,415	165,305	0	0	0
Credit loss expense
31,287	25,758	29,948	30,872	31,344	31,368	32,335	32,479	32,608	27,704	26,637	24,905	21,658	14,493	11,563	11,307	10,397	5,396	4,681	3,958	3,747	2,859	2,003	2,693	2,905	2,983	26,144	26,027	25,588	15,043	26,848	24,905	24,878	17,966	-15,699	-18,819	0	0	0
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE
205,278	210,368	206,059	202,682	199,348	194,690	190,085	185,215	177,139	170,816	162,890	155,713	151,400	141,561	135,312	127,594	123,985	118,574	116,300	114,041	110,744	109,914	108,032	107,439	108,444	110,192	113,183	113,333	113,317	145,612	142,819	143,633	143,055	146,894	148,716	146,486	0	0	0
NONINTEREST INCOME:
Service charges on deposit accounts
14,030	14,197	14,215	14,045	14,021	14,273	14,033	13,849	13,665	13,357	13,370	13,391	13,283	13,176	13,168	13,151	13,116	13,015	13,066	13,235	13,551	13,807	13,996	14,104	14,039	13,954	13,853	13,615	13,403	13,496	13,551	13,534	13,984	14,105	14,428	14,990	0	0	0
Net refund transfer fees
19,881	21,158	21,101	20,933	20,777	20,029	20,145	20,173	19,470	18,500	18,450	18,405	17,544	19,240	19,168	19,133	19,131	17,388	17,378	17,148	17,077	16,130	16,126	16,411	16,258	13,884	14,026	14,105	18,569	78,304	78,552	0	0	-	0	-	-	-	-
Mortgage banking income
12,755	9,499	8,148	6,444	5,344	4,825	4,631	4,373	4,502	4,642	4,687	6,666	6,781	6,882	6,764	4,655	4,319	4,411	4,237	4,141	3,729	2,862	2,952	3,102	4,470	7,258	9,336	10,584	10,367	8,447	6,398	5,476	4,437	3,899	4,771	4,822	0	0	0
Interchange fee income
11,654	11,859	11,889	11,615	11,249	11,159	10,848	10,566	10,222	9,881	9,602	9,542	9,212	9,009	8,903	8,455	8,282	8,353	7,878	7,530	7,167	7,017	7,285	7,185	7,160	6,927	6,926	6,797	6,582	6,327	5,786	5,811	5,863	5,791	5,605	5,502	0	0	0
Program fees
6,262	4,712	4,948	5,317	5,603	6,225	6,557	6,468	6,429	5,824	5,054	4,436	3,816	3,044	2,324	1,819	1,324	1,233	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	279	336	0	0	-	0
Increase in cash surrender value of bank owned life insurance
1,557	1,550	1,545	1,536	1,538	1,527	1,519	1,528	1,542	1,562	1,580	1,592	1,568	1,516	1,466	1,408	1,392	1,402	1,428	1,461	1,487	1,329	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	279	-336	0	0	-	0
Electronic refund check fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net RAL securitization income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,324	0	0	0	-	0	0	0	-	-	-	-	-	-
Gain on sale of banking center
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Gain on call of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on other real estate owned
413	540	516	497	727	729	954	737	666	676	475	307	138	244	172	301	66	-301	-1,191	-1,941	-1,855	-2,218	-2,677	-1,516	-413	346	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain on sale of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-
Other
3,779	3,664	3,110	3,739	4,038	4,658	4,945	4,847	4,676	4,108	5,491	5,297	5,169	4,398	2,776	2,324	2,211	2,405	2,127	2,544	2,815	3,001	3,027	2,776	2,629	2,451	1,944	1,810	2,423	2,700	2,919	3,036	2,415	2,328	3,018	2,898	0	0	0
Total noninterest income
78,160	75,008	65,472	64,126	63,297	63,425	63,496	62,405	61,036	58,414	58,709	59,636	57,511	57,509	54,741	51,246	49,929	47,994	46,473	45,194	44,790	42,519	41,746	42,718	44,420	46,230	48,532	75,878	79,181	163,465	162,208	137,839	139,121	119,624	120,979	122,807	0	0	0
NONINTEREST EXPENSE:
Salaries and employee benefits
100,727	99,181	96,927	94,951	92,431	91,189	89,948	87,607	84,856	82,233	78,648	76,211	74,010	69,882	66,159	63,388	59,897	58,091	58,658	55,525	55,167	54,373	54,964	55,026	56,147	57,778	57,854	60,549	59,776	60,633	57,537	55,761	54,698	54,966	57,033	56,854	0	0	0
Occupancy and equipment, net
26,130	25,868	25,619	25,327	25,246	24,883	25,199	24,761	24,273	24,019	23,196	22,928	22,134	21,586	21,098	20,742	20,775	20,557	20,694	21,021	21,387	22,008	22,438	22,356	22,163	21,918	21,892	22,148	21,977	22,474	22,213	21,633	21,490	21,713	21,550	21,465	0	0	0
Communication and transportation
4,575	4,447	4,364	4,394	4,564	4,785	4,931	5,123	4,821	4,711	4,732	4,522	4,455	4,256	3,958	3,880	3,779	3,752	3,847	3,801	3,886	3,866	3,904	3,989	4,124	4,128	4,150	4,205	4,175	5,806	5,894	5,930	5,847	5,695	5,355	4,993	0	0	0
Marketing and development
4,754	5,023	4,584	4,613	4,618	4,432	4,746	4,974	5,100	5,188	5,095	4,494	4,275	3,778	3,616	3,296	3,083	3,161	3,116	3,495	3,321	3,264	3,045	2,655	2,732	3,106	3,070	3,153	3,177	3,213	3,399	3,307	3,271	3,237	3,230	3,296	0	0	0
FDIC insurance expense
-	743	1,007	1,367	1,417	1,494	1,558	1,498	1,453	1,378	1,347	1,392	1,572	1,780	1,945	2,074	2,068	2,084	2,080	2,030	1,970	1,865	1,855	1,850	1,838	1,682	1,629	1,497	1,386	1,403	1,715	2,346	3,220	4,425	4,304	4,168	0	0	0
Bank franchise tax expense
5,303	5,293	5,229	5,004	4,929	4,951	4,740	4,779	4,709	4,626	4,787	4,884	4,741	4,757	4,584	4,584	4,784	4,734	4,809	4,694	4,678	4,616	4,737	4,713	4,739	4,115	3,832	3,854	3,700	3,916	4,016	4,000	4,011	3,645	3,634	3,566	0	0	0
Data processing
9,632	9,189	9,091	9,097	9,323	9,613	9,785	9,230	8,482	7,748	6,728	6,592	6,440	6,121	5,858	5,158	4,707	4,340	4,035	3,900	3,682	3,513	3,173	3,283	3,201	3,120	3,105	3,201	3,604	4,109	4,301	4,058	3,680	3,207	3,012	2,823	0	0	0
Interchange related expense
4,631	4,870	4,992	4,992	4,788	4,480	4,174	3,964	3,937	3,988	4,128	4,318	4,294	4,140	4,095	3,886	3,770	3,873	3,665	3,544	3,460	3,450	3,479	3,346	3,217	3,063	2,969	2,962	2,904	2,662	2,458	2,376	2,317	2,239	1,989	1,709	0	0	0
Supplies
1,661	1,693	1,804	1,826	1,547	1,444	1,563	1,490	1,448	1,594	1,466	1,505	1,484	1,406	1,261	1,210	1,189	1,101	1,113	1,089	930	1,009	1,062	1,085	1,243	1,157	1,166	1,208	1,519	2,114	2,484	2,623	2,408	2,353	1,836	1,773	0	0	0
Other real estate owned and other repossession expense
298	326	355	227	95	94	167	220	336	388	432	536	520	503	605	592	596	735	593	665	853	1,024	533	812	1,449	1,948	1,983	2,814	2,424	2,140	3,377	2,657	2,480	2,356	2,029	1,923	0	0	0
Legal and professional fees
3,708	3,357	3,509	3,418	3,302	3,459	3,322	2,833	2,701	2,410	2,384	2,477	2,485	2,556	2,476	2,590	2,514	3,306	3,383	3,460	3,370	2,766	5,023	5,636	6,536	5,955	3,694	2,739	1,928	1,866	2,129	2,525	2,977	3,969	3,488	3,050	0	0	0
FHLB advance prepayment penalty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of premises held for sale
-	-	-	-	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charitable contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,341	3,333	3,279	3,313	5,933	5,992	6,110	0	0	0
FDIC civil money penalty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
FHLB advance prepayment expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Other
11,673	11,937	12,348	13,414	13,574	12,546	12,691	12,194	11,659	11,386	10,824	9,477	9,058	8,305	8,097	7,960	7,497	7,458	6,914	6,650	6,289	6,364	6,113	6,655	7,432	7,954	8,477	8,736	8,048	9,019	8,713	7,750	7,608	7,683	7,452	7,381	0	0	0
Total noninterest expense
173,643	172,183	170,311	169,112	166,316	163,852	163,034	159,848	154,950	150,844	144,865	140,373	136,505	130,107	124,788	119,492	114,791	113,324	112,907	109,874	108,993	108,118	110,326	111,406	114,821	115,924	114,052	117,529	115,281	125,132	122,905	119,581	120,656	122,321	122,904	121,111	0	0	0
INCOME BEFORE INCOME TAX EXPENSE
109,795	113,193	101,220	97,696	96,329	94,263	90,547	87,772	83,225	78,386	76,734	74,976	72,406	68,963	65,265	59,348	59,123	53,244	49,866	49,361	46,541	44,315	39,452	38,751	38,043	40,498	47,663	71,682	77,217	183,945	182,122	161,891	161,520	144,197	146,791	148,182	0	0	0
INCOME TAX EXPENSE
20,915	21,494	17,983	15,456	16,430	16,411	25,163	29,093	30,141	32,754	25,940	25,060	24,221	23,060	21,944	20,215	20,010	18,078	16,883	16,772	15,950	15,528	14,555	14,497	13,992	15,075	16,964	24,918	26,994	64,606	63,200	55,767	56,311	50,048	51,536	52,400	0	0	0
NET INCOME
88,880	91,699	83,237	82,240	79,899	77,852	65,384	58,679	53,084	45,632	50,794	49,916	48,185	45,903	43,321	39,133	39,113	35,166	32,983	32,589	30,591	28,787	24,897	24,254	24,051	25,423	30,699	46,764	50,223	119,339	118,922	106,124	105,209	94,149	95,255	95,782	0	0	0
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.64	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on securities available for sale, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Reclassification adjustment for gains/losses realized in income, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
COMPREHENSIVE INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Class A Common Stock
Basic earnings per share (in dollars per share)
1.29	1.25	0.88	0.86	1.42	0.85	0.84	0.75	1.32	0.25	0.51	0.48	0.97	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (in dollars per share)
1.28	1.24	0.88	0.86	1.41	0.85	0.83	0.74	1.32	0.25	0.51	0.48	0.96	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.22	0.22	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B Common Stock
Basic earnings per share (in dollars per share)
1.17	1.13	0.80	0.79	1.29	0.76	0.76	0.68	1.21	0.22	0.47	0.44	0.88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (in dollars per share)
1.16	1.13	0.80	0.78	1.28	0.76	0.76	0.68	1.20	0.21	0.47	0.44	0.88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.20	0.20	0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-