Republic Bancorp, Inc.

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.
Bank NameRepublic Bancorp, Inc.
Stock ExchangeLSE
IndustryMajor Banks
CountryUnited States
World Region"North America "
ChairmanMr. Steven E. Trager
CEOMr. Steven E. Trager
Registered Year1974

  2017 2016 2015
  € m € m € m
Total interest income 219 174 142
Total Interest Expenses 20 18 18
Net Interest income 199 156 124
Total Net Revenue 257 214 172
Earnings per share
Basic 2.21 2.22 1.7
Diluted 2.2 2.22 1.7
Total current assets
Other assets 1,15,229 1,13,472 90,004
Total assets 50,85,362 48,16,309 42,30,289
Total current liabilities
Total liabilities 44,52,938 42,11,903 36,53,742
Total Equity 36,53,742 6,04,406 6,04,406
Net income
Net cash provided by operating activities 78 48 50
Net cash used for investment activities 287 296 358
Net cash provided by financing activities 219 328 445
Currency in EUR, All numbers in million.      

United States