10-Q · May 7, 2026
Republic Bancorp reported Q1 2026 net income of $42.6 million and diluted EPS of $2.18, down 10% from $47.3 million and $2.42 in Q1 2025. Revenue was $90.5 million, declining 12% YOY, with adjusted net income rising 3%…
Earnings analysis · 10-Q
RBCAA earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Republic Bancorp delivered Q2 2026 EPS of $1.68, up from $1.16 a year earlier, and net income of $32.9 million, up 4%. However, revenue declined to $81.702 million from $120 million in Q2 2025 and $144 million in Q1…
Read full summary
Republic Bancorp delivered Q2 2026 EPS of $1.68, up from $1.16 a year earlier, and net income of $32.9 million, up 4%. However, revenue declined to $81.702 million from $120 million in Q2 2025 and $144 million in Q1 2026, indicating a significant top-line slowdown. The filing provides no numeric EPS or revenue guidance, and reports no material changes to the company’s previously disclosed risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.68
What stood out
-
EPS and net income improved year over year
Q2 2026 diluted EPS was $1.68, up from $1.16 in Q2 2025, while net income increased 4% to $32.9 million.
-
Revenue declined sharply
Revenue was $81.702 million, down from $120 million in Q2 2025 and $144 million in Q1 2026, indicating substantial sequential and year-over-year contraction.
-
Repurchase capacity remains available
The company did not repurchase shares during Q2 2026 and had 433,395 shares remaining under its repurchase authorization as of June 30, 2026.
-
Controls remained effective
Management stated that disclosure controls and procedures were effective as of the end of the period, and reported no material change in internal control over financial reporting during the quarter.
-
Core Bank profitability strengthened
The prior quarterly disclosure identified a $4.2 million increase in Core Bank net interest income and a 30-basis-point margin expansion, supporting the year-over-year earnings improvement.
What to watch
-
Top-line contraction
Revenue fell to $81.702 million from $120 million in Q2 2025 and $144 million in Q1 2026, creating a material top-line headwind despite EPS of $1.68.
-
Sequential earnings volatility
EPS declined to $1.68 from $2.18 in Q1 2026, a sequential decrease of $0.50, highlighting quarterly earnings volatility.
-
No new risk-factor disclosure
The 10-Q states there were no material changes to the risk factors disclosed in the 2025 Form 10-K; therefore, the filing does not identify a newly quantified risk factor.
Management's outlook
The 10-Q does not provide numeric revenue or EPS guidance. The prior 8-K indicated that the RPS program was expected to contribute more than $150 million of lower-cost average deposits during the remainder of 2026.
Earlier filings 4
10-K · March 6, 2026
Republic Bancorp (10-K for year ended 12/31/2025) presents a diversified banking franchise with five reportable segments (Traditional Banking, Warehouse Lending, TRS, RPS, RCS) and scale (total assets $7.04B, total…
10-Q · November 6, 2025
Republic Bancorp reported quarter with diluted Class A EPS of $1.52 (up from $1.37 in Q3 2024) and net income of $29,744,000 (up from $26,543,000). Net interest income strengthened to $76,970,000 while provision for…
10-Q · August 7, 2025
Republic Bancorp reported a stronger quarter with net interest income rising to $76,202 and net income of $31,484 (up from $25,206 a year ago), driving diluted Class A EPS to $1.61 versus $1.30 in Q2 2024. Credit costs…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.