Republic Bank & Trust

Income Statement

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 138,250 280,883 256,181 218,778 173,992
Interest Expense 13,307 44,757 30,123 20,258 17,938
Net Interest Income 124,943 236,126 226,058 198,520 156,054
FTE Net Interest Income NA NA NA NA NA
Provision for Loan Losses 29,294 25,758 31,368 27,704 14,493
Trading Account Income NA 369 320 207 190
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 0 0 0 82 547
Service Charges on Deposits 5,587 14,197 14,273 13,357 13,176
Gain on Sale of Loans (FAS 140) NA 13,918 9,769 9,624 9,491
Loan Fees & Charges NA 683 986 665 226
Bank-owned Life Insurance Revenue 784 1,550 1,527 1,562 1,516
Insurance Revenue NA 425 474 378 291
Investment Banking & Brokerage 0 0 0 0 0
Other Noninterest Income 42,592 35,115 35,469 32,954 31,828
Total Noninterest Income 48,963 66,257 62,818 58,829 57,265
Realized Gain on Securities NA 382 (122) (136) 0
Nonrecurring Revenue 353 7,829 0 0 0
Compensation & Benefits 52,946 99,181 91,189 82,233 69,608
Occupancy & Equipment 13,561 25,868 24,883 24,019 21,586
Marketing and Promotion Expense 1,851 5,023 4,432 5,188 3,778
Professional Fees 2,262 3,357 3,459 2,410 2,418
Tech & Communications Expense NA NA NA 14,703 12,990
Amrt of Intang & Goodwill Impair 92 185 204 212 135
Foreclosure & Repo 35 (214) (635) (288) 259
Other Expense 21,043 38,243 39,591 22,646 17,049
Total Noninterest Expense 91,790 171,643 163,123 151,123 127,823
Nonrecurring Expense 0 0 0 0 2,040
Pre-Provision Net Revenue 82,116 130,740 125,753 106,226 85,496
Non-FTE Pre-Provision Net Revenue 82,116 130,740 125,753 106,226 85,496
Net Income before Taxes 53,175 113,193 94,263 78,386 68,963
Provision for Taxes 10,674 21,494 16,411 32,754 23,060
Effective Tax Rate(%) 20.07 18.99 17.41 41.79 33.44
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 42,501 91,699 77,852 45,632 45,903
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 42,501 91,699 77,852 45,632 45,903
Preferred Dividends 0 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0 0
Other Changes to Net Income 0 0 0 0 0
Net Income Avail to Common 42,501 91,699 77,852 45,632 45,903
Net Income for Diluted EPS 42,501 91,699 77,852 45,632 45,903
EPS after Extra($) 2.04 4.39 3.74 2.20 2.22
EPS after Extra Growth(%) (10.50) 17.40 70 (0.90) 30.60
Pre-Provision Earnings per Share($) 3.11 4.94 4.77 3.33 2.69
Comprehensive Income
Net Income 42,501 91,699 77,852 45,632 45,903
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income NA 4,095 (1,413) (271) (1,362)
Comprehensive Income NA 95,794 76,439 45,361 44,541
Interest Income Earned On:
Interest Earned on Loans NA 260,064 237,621 205,582 164,232
Int Inc: Securities NA 15,038 13,808 11,070 8,932
Int Inc: Other Earn Assets NA 5,781 4,752 2,126 828
Int Inc: Secs & Oth Earn Assets NA 20,819 18,560 13,196 9,760
Int Inc: Total Earn Assets 138,250 280,883 256,181 218,778 173,992
Interest Expense Incurred On:
Int Exp: CDs NA 12,823 6,404 3,635 2,776
Int Exp: Other Deposits NA 16,312 10,613 6,167 3,282
Int Exp: Total Deposits NA 29,135 17,017 9,802 6,058
Int Exp: Debt NA 15,622 13,106 10,456 11,880
Int Exp: Total Int-bearing Liab 13,307 44,757 30,123 20,258 17,938
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.