Republic Bancorp (RBCAA) investor relations material

Executive summary

• Net income for Q2 2026 was $32.9M, up 4% year-over-year; diluted EPS rose to $1.68 from $1.61.

• Return on average assets was 1.88% and return on average equity was 11.42% for the quarter.

• Core Bank franchise and Traditional Banking drove results, with strong loan growth and disciplined execution across markets.

• Launched Republic Payment Solutions program, expected to add over $150M in lower-cost deposits in 2026.

• Received Raymond James Community Bankers Cup and inclusion in Forbes' World's Best Banks list.

Financial highlights

• Q2 2026 net interest income increased 7% to $81.7M; NIM expanded 38 bps to 4.99%.

• Noninterest income rose 11% to $19.6M in Q2, driven by higher service charges and program fees.

• Noninterest expense increased 4% to $53.6M in Q2, mainly due to higher marketing and development costs.

• Core Bank net income increased 22% to $22.8M, driven by net interest income growth and lower provision for credit losses.

• Traditional Banking average loans increased $59M to $4.65B; Warehouse Lending average lines up 2% to $580M.

Outlook and guidance

• Management expects to maintain a strategy of deploying excess liquidity into higher-yielding loans and securities.

• Interest rate sensitivity analysis shows the company remains asset-sensitive, projecting higher net interest income in rising-rate environments.

• New RPS program expected to enhance liquidity, funding diversification, and fee income for the remainder of 2026.

• Focus remains on disciplined growth, operational excellence, and long-term shareholder value.