Republic Bancorp reported third-quarter earnings per share of $1.37, versus consensus of $1.21

Q3 net charge-offs: 0.14%. Reports Q3 ROE of 1.6%. Logan Pichel, President and CEO of Republic Bank & Trust Company, commented: “We are proud to report another strong third quarter performance. Our third quarter results reflect our ongoing strategic initiatives to increase revenue while maintaining our cost discipline. Our success is particularly evident in our core banking, as our net interest margin (“NIM”) recorded a significant increase in the third quarter of 2023, while our total noninterest expenses remained flat over the same period. In addition, diversifying our business segments remained an important part of our long-term strategy and current success. Overall, four of our five reportable operating segments achieved solid increases in net income in the third quarter of 2024 compared to the third quarter of 2023.”

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