Republic Bank & Trust

Income Statement

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 280,883 256,181 218,778 173,992 142,432
Interest Expense 44,757 30,123 20,258 17,938 18,462
Net Interest Income 236,126 226,058 198,520 156,054 123,970
FTE Net Interest Income NA NA NA NA NA
Provision for Loan Losses 25,758 31,368 27,704 14,493 5,396
Trading Account Income 369 320 207 190 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 0 0 82 547 620
Service Charges on Deposits 14,197 14,273 13,357 13,176 13,015
Gain on Sale of Loans (FAS 140) 13,918 9,769 9,624 9,491 4,893
Loan Fees & Charges 683 986 665 226 496
Bank-owned Life Insurance Revenue 1,550 1,527 1,562 1,516 1,402
Insurance Revenue 425 474 378 291 365
Investment Banking & Brokerage 0 0 0 0 0
Other Noninterest Income 35,115 35,469 32,954 31,828 27,388
Total Noninterest Income 66,257 62,818 58,829 57,265 48,179
Realized Gain on Securities 382 (122) (136) 0 88
Nonrecurring Revenue 7,829 0 0 0 28
Compensation & Benefits 99,181 91,189 82,233 69,608 58,091
Occupancy & Equipment 25,868 24,883 24,019 21,586 20,689
Marketing and Promotion Expense 5,023 4,432 5,188 3,778 3,161
Professional Fees 3,357 3,459 2,410 2,418 3,306
Tech & Communications Expense NA NA 14,703 12,990 10,826
Amrt of Intang & Goodwill Impair 185 204 212 135 0
Foreclosure & Repo (214) (635) (288) 259 1,036
Other Expense 38,243 39,591 22,646 17,049 16,516
Total Noninterest Expense 171,643 163,123 151,123 127,823 113,625
Nonrecurring Expense 0 0 0 2,040 0
Pre-Provision Net Revenue 130,740 125,753 106,226 85,496 58,524
Non-FTE Pre-Provision Net Revenue 130,740 125,753 106,226 85,496 58,524
Net Income before Taxes 113,193 94,263 78,386 68,963 53,244
Provision for Taxes 21,494 16,411 32,754 23,060 18,078
Effective Tax Rate(%) 18.99 17.41 41.79 33.44 33.95
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 91,699 77,852 45,632 45,903 35,166
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 91,699 77,852 45,632 45,903 35,166
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 91,699 77,852 45,632 45,903 35,166
Net Income for Diluted EPS 91,699 77,852 45,632 45,903 35,166
EPS after Extra($) 4.39 3.74 2.20 2.22 1.70
EPS after Extra Growth(%) 17.40 70 (0.90) 30.60 23.20
Pre-Provision Earnings per Share($) 4.94 4.77 3.33 2.69 1.84
Comprehensive Income
Net Income 91,699 77,852 45,632 45,903 35,166
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 4,095 (1,413) (271) (1,362) (2,266)
Comprehensive Income 95,794 76,439 45,361 44,541 32,900
Interest Income Earned On:
Interest Earned on Loans 260,064 237,621 205,582 164,232 133,958
Int Inc: Securities 15,038 13,808 11,070 8,932 8,265
Int Inc: Other Earn Assets 5,781 4,752 2,126 828 209
Int Inc: Secs & Oth Earn Assets 20,819 18,560 13,196 9,760 8,474
Int Inc: Total Earn Assets 280,883 256,181 218,778 173,992 142,432
Interest Expense Incurred On:
Int Exp: CDs 12,823 6,404 3,635 2,776 2,792
Int Exp: Other Deposits 16,312 10,613 6,167 3,282 1,588
Int Exp: Total Deposits 29,135 17,017 9,802 6,058 4,380
Int Exp: Debt 15,622 13,106 10,456 11,880 14,082
Int Exp: Total Int-bearing Liab 44,757 30,123 20,258 17,938 18,462
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.