Republic Bank & Trust

Income Statement

Financial Highlights
2019 FY
12/31/2019
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 280,883 218,778 173,992 142,432
Interest Expense 44,757 20,258 17,938 18,462
Net Interest Income 236,126 198,520 156,054 123,970
FTE Net Interest Income NA NA NA NA
Provision for Loan Losses 25,758 27,704 14,493 5,396
Trading Account Income NA 207 190 0
Foreign Exchange Income 0 0 0 0
Trust Revenue 0 82 547 620
Service Charges on Deposits 14,197 13,357 13,176 13,015
Gain on Sale of Loans (FAS 140) NA 9,624 9,491 4,893
Loan Fees & Charges NA 665 226 496
Bank-owned Life Insurance Revenue 1,550 1,562 1,516 1,402
Insurance Revenue NA 378 291 365
Investment Banking & Brokerage 0 0 0 0
Other Noninterest Income 50,892 32,954 31,828 27,388
Total Noninterest Income 66,639 58,829 57,265 48,179
Realized Gain on Securities NA (136) 0 88
Nonrecurring Revenue 7,829 0 0 28
Compensation & Benefits 99,181 82,233 69,608 58,091
Occupancy & Equipment 26,124 25,194 21,777 20,689
Marketing and Promotion Expense 5,023 5,188 3,778 3,161
Professional Fees 3,357 2,410 2,418 3,306
Tech & Communications Expense NA 14,703 12,990 10,826
Amrt of Intang & Goodwill Impair 186 212 135 0
Foreclosure & Repo (214) (288) 259 1,036
Other Expense 37,986 21,471 16,858 16,516
Total Noninterest Expense 171,643 151,123 127,823 113,625
Nonrecurring Expense 0 0 2,040 0
Pre-Provision Net Revenue 131,122 106,226 85,496 58,524
Non-FTE Pre-Provision Net Revenue 131,122 106,226 85,496 58,524
Net Income before Taxes 113,193 78,386 68,963 53,244
Provision for Taxes 21,494 32,754 23,060 18,078
Effective Tax Rate(%) 18.99 41.79 33.44 33.95
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 91,699 45,632 45,903 35,166
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 91,699 45,632 45,903 35,166
Preferred Dividends 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0
Other Changes to Net Income 0 0 0 0
Net Income Avail to Common 91,699 45,632 45,903 35,166
Net Income for Diluted EPS 91,699 45,632 45,903 35,166
EPS after Extra($) 4.39 2.20 2.22 1.70
EPS after Extra Growth(%) 17.40 (0.90) 30.60 23.20
Pre-Provision Earnings per Share($) 4.96 3.33 2.69 1.84
Comprehensive Income
Net Income 91,699 45,632 45,903 35,166
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income NA (271) (1,362) (2,266)
Comprehensive Income NA 45,361 44,541 32,900
Interest Income Earned On:
Interest Earned on Loans NA 205,582 164,232 133,958
Int Inc: Securities NA 11,070 8,932 8,265
Int Inc: Other Earn Assets NA 2,126 828 209
Int Inc: Secs & Oth Earn Assets NA 13,196 9,760 8,474
Int Inc: Total Earn Assets 280,883 218,778 173,992 142,432
Interest Expense Incurred On:
Int Exp: CDs NA 3,635 2,776 2,792
Int Exp: Other Deposits NA 6,167 3,282 1,588
Int Exp: Total Deposits NA 9,802 6,058 4,380
Int Exp: Debt NA 10,456 11,880 14,082
Int Exp: Total Int-bearing Liab 44,757 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.