Financial Knowledge & Information Portal

Republic Bancorp (RBCAA) Company Profile

Updated Feb 14, 2020
Republic Bancorp has the following business profile:
Company's Full Name:Republic Bancorp, Inc.
Short Name:Republic Bancorp
Trading Ticker Symbol:RBCAA
Primary Exchange:NASDAQ
Headquarter City/Country:Kentucky, KY
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Republic Bancorp

The following details were available for trading and market data about the stock of Republic Bancorp as of writing:
Current Share Price:$42.35
Previous Year's Closing Price:$46.8
Percentage Price Change (YTD):-9.51%
Market Cap:$798.45 million
52-week Price Range:$40.3 - $52.68
Dividend Per Share:$1.06
EPS (TTM):4.34
Price-Earnings (Trailing):9.76
Price-Earnings (Forward):11.2

Company Profile and Business Description for Republic Bancorp

Republic Bancorp, Inc. (Republic), incorporated on January 2, 1974, is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc. (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Company operates through four segments: Traditional Banking, Warehouse Lending (Warehouse), Mortgage Banking and Republic Processing Group (RPG). The Captive is an insurance subsidiary of the Company. As of December 31, 2016, the Captive provided property and casualty insurance coverage to the Company and the Bank, as well as 10 other third-party insurance captives for which insurance may not be available. Republic Bancorp Capital Trust is a subsidiary of Republic Bancorp, Inc.

Traditional Banking segment

The Traditional Banking segment provides traditional banking products to customers. The Traditional Banking segment consists of lending activities, private banking, treasury management services, Internet banking, Mobile Banking and other banking services. The Bank's principal lending activities consist of retail mortgage lending, commercial lending, construction and land development lending, consumer lending, Internet lending, indirect lending and correspondent lending. Through its retail banking centers, its correspondent lending channel and its Internet banking channel, the Bank originates single-family, residential real estate loans. In addition, the Bank originates home equity amortizing loans (HEAL) and home equity lines of credit (HELOCs) through its retail banking centers. The Bank offers single family, first lien residential real estate, adjustable rate mortgages (ARMs) with interest rate adjustments tied to various market indices with specified minimum and maximum adjustments. The Bank generally charges a higher interest rate for its ARMs if the property is not owner occupied.

The Bank conducts commercial lending activities primarily through its Commercial and Corporate Banking (the CCB Department) and its Business Banking department. The CCB Department is composed of the following divisions: Corporate Banking; Commercial Finance; Municipal Lending, and Republic Realty. Corporate Banking's product focus is on Commercial & Industrial (C&I) lending and, to a lesser degree, Commercial Real Estate (CRE) opportunities C&I loans include those secured by General Business Assets (GBA), which consist of equipment, accounts receivable, inventory, and other business assets owned by the borrower/guarantor. The Bank's CRE and multi-family loans are secured by various properties, such as office buildings, medical facilities, retail centers, warehouses, apartment buildings, condominiums, schools, religious institutions and other types of commercial use property. The Bank originates business loans for the construction of both single family residential properties and commercial properties (apartment complexes, shopping centers and office buildings). The Bank may originate loans for the acquisition and development of residential or commercial land into buildable lots. The Bank accepts online loan applications for its RB&T brand through its Website at Primarily from its Warehouse clients, the Core Bank acquires for investment single family, first lien mortgage loans that meet the Core Bank's specifications through its Correspondent Lending channel.

The Bank originates residential construction real estate loans to finance the construction of single family dwellings. Construction loans also are made to contractors to build single family dwellings under contract. The Bank also originates land development loans to real estate developers for the acquisition, development and construction of commercial projects. The Bank began acquiring single family, first lien mortgage loans for investment through its Correspondent Lending channel. Correspondent Lending generally involves the Bank acquiring, primarily from its Warehouse clients, closed loans that meet the Bank's specifications. Traditional consumer loans made by the Bank include home improvement and home equity loans, other secured and unsecured personal loans, and credit cards.

The Bank's other Traditional Banking activities include Private Banking, Treasury Management Services, Internet Banking, Mobile Banking and Other Banking Service. The Bank provides financial products and services to high net worth individuals through its Private Banking department. The Bank provides various deposit products designed for commercial business clients located throughout its market footprint. Lockbox processing, remote deposit capture, business online banking, account reconciliation and Automated Clearing House (ACH) processing are additional services offered to commercial businesses through the Bank's Treasury Management department.

The Bank expands its market penetration and service delivery of its RB&T brand by offering clients Internet Banking services and products through its Website, The Bank promotes the EarnMore account solely through its MemoryBank brand. The Bank allows clients to access and manage their accounts through its mobile banking application. The Bank also provides title insurance and other financial institution related products and services. The Bank maintains an acquisition strategy to selectively grow its franchise.

Warehouse Lending segment

The Bank provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit. These credit facilities are secured by single family, first lien residential real estate loans. The credit facility enables the mortgage banking clients to close single family, first lien residential real estate loans in their own name and temporarily fund their inventory of these closed loans until the loans are sold to investors approved by the Bank or purchased by the Bank through its Correspondent Lending channel.

Mortgage Banking segment

Mortgage Banking activities primarily include 15-, 20- and 30-year fixed-term single family, first lien residential real estate loans that are sold into the secondary market, primarily to the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) and the Federal National Mortgage Association (FNMA or Fannie Mae). The Bank retains servicing on loans sold into the secondary market. Administration of loans with servicing retained by the Bank includes collecting principal and interest payments, escrowing funds for property taxes, and property insurance and remitting payments to secondary market investors.

Republic Processing Group segment

All divisions of the RPG segment operate through the Bank. The Company, through its Tax Refund Solutions (TRS) division, facilitates the payment of federal and state tax refund products through third-party tax preparers located throughout the Nation, as well as tax-preparation software providers. The Company's Republic Credit Solutions (RCS) division offers short-term consumer credit products. In general, the credit products are unsecured, small dollar consumer loans with maturities of 30 days-or-more, and are dependent on various factors including the consumer's ability to repay. Through its RPS division, the Bank is an issuing bank offering general-purpose reloadable prepaid cards through third-party program managers. The Company divides prepaid cards into two categories: Reloadable and Non-Reloadable. Reloadable types of cards are considered general-purpose reloadable (GPR) cards. Non-Reloadable types of cards are considered gift or incentive cards.

601 W Market St

Peer / Competitor Companies of Major Banks Sector

Along with Republic Bancorp, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile,  Dividend History

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile,  Dividend History

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile,  Dividend History

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile,  Dividend History

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile,  Dividend History

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile,  Dividend History

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile,  Dividend History

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile,  Dividend History

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile,  Dividend History

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile,  Dividend History

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile,  Dividend History

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile,  Dividend History

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile,  Dividend History

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile,  Dividend History

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile,  Dividend History

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile,  Dividend History

▶ BancorpSouth (BXS): BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations ....See Detailed Company Profile,  Dividend History

▶ Bank of America (BAC): Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

... See Full List of All Stocks of Major Banks Sector.

Stock List of Other Finance Sub-sectors

▶ Stocks of Accident and Health Insurance Sector

▶ Stocks of Asset Management Sector

▶ Stocks of Banks Sector

▶ Stocks of Banks—Regional Sector

▶ Stocks of Business Services Sector

▶ Stocks of Capital Markets Sector

▶ Stocks of Closed-End Fund - Debt Sector

▶ Stocks of Commercial Banks Sector

▶ Stocks of Commercial Leasing Sector

▶ Stocks of Commercial REITs - NEC Sector

▶ Stocks of Consumer Finance Sector

▶ Stocks of Consumer Finance Services Sector

▶ Stocks of Credit Services Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of Diversified Financial Services Sector

▶ Stocks of Finance Companies Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Insurance Sector

▶ Stocks of Insurance Brokers Sector

▶ Stocks of Insurance—Diversified Sector

▶ Stocks of Insurance—Life Sector

▶ Stocks of Insurance—Property & Casualty Sector

▶ Stocks of Insurance—Specialty Sector

▶ Stocks of Investment Bankers and Brokers Sector

▶ Stocks of Investment Companies Sector

▶ Stocks of Investment Funds Sector

▶ Stocks of Investment Managers Sector

▶ Stocks of Investors Services Sector

▶ Stocks of Life Insurance Sector

▶ Stocks of Major Banks Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Mortgage Finance Sector

▶ Stocks of Mortgage REITs Sector

▶ Stocks of Property-Casualty Insurers Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Regional Banks Sector

▶ Stocks of REITs Sector

▶ Stocks of Rental & Leasing Services Sector

▶ Stocks of Restaurants Sector

▶ Stocks of Savings Institutions Sector

▶ Stocks of Shell Companies Sector

▶ Stocks of Software—Application Sector

▶ Stocks of Specialty Insurers Sector

Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Healthcare Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector