A Business at a Glance
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REPUBLIC BANCORP INC /KY/
RBCAA
$1.9B
Mkt Cap
$93.63
+3.16%
REPUBLIC BANCORP INC /KY/ (RBCAA) has a current P/E ratio of 12.8, compared to its historical median P/E of 10.4. The stock is currently considered Fair based on its historical valuation range.
REPUBLIC BANCORP INC /KY/ (RBCAA) has a 5-year average return on invested capital (ROIC) of 11.0%. This indicates solid capital allocation.
REPUBLIC BANCORP INC /KY/ (RBCAA) has a market capitalization of $1.9B. It is classified as a small-cap stock.
Yes, REPUBLIC BANCORP INC /KY/ (RBCAA) pays a dividend with a trailing twelve-month yield of 1.87%. The company also returns capital through share buybacks, with a buyback yield of 0.00%.
Based on historical P/E analysis, REPUBLIC BANCORP INC /KY/ (RBCAA) appears fair. The current P/E of 12.8 is 23% above its historical median of 10.4. The estimated fair value CAGR (P/E method) is 8.0%.
REPUBLIC BANCORP INC /KY/ (RBCAA) operates in the State Commercial Banks industry, within the Financials sector.
REPUBLIC BANCORP INC /KY/ (RBCAA) reported annual revenue of $521 million in its most recent fiscal year, based on SEC EDGAR filings.
The consolidated financial statements included in this report include the accounts of Republic Bancorp, Inc. and its wholly owned subsidiary, Republic Bank & Trust Company. As used in this report, the terms “Republic,” the “Company,” “we,” “our,” and “us” refer to Republic Bancorp, Inc. and, where the context requires, Republic Bancorp, Inc. and its subsidiary. The term the “Bank” refers to the Company’s subsidiary bank, Republic Bank & Trust Company, as well as its wholly owned subsidiary, RBT Insurance Agency LLC. The Company dissolved Republic Insurance Services, Inc., its former insurance captive subsidiary, in 2023. All significant intercompany balances and transactions are eliminated in consolidation. Republic is an FHC headquartered in Louisville, Kentucky, which is the most populous city in Kentucky.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 402M | 521M | 506M | 428M | 327M | 315M |
| Net Income | 127M | 131M | 101M | 90M | 91M | 88M |
| EPS | $6.39 | $6.63 | $5.14 | $4.55 | $4.59 | $4.22 |
| Free Cash Flow | 138M | 161M | 143M | 102M | 151M | 94M |
| ROIC | 0.0% | 12.5% | 10.6% | 10.2% | 11.3% | 10.6% |
| Gross Margin | - | 0.0% | - | - | - | - |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
| Dividends/Share | $1.75 | $1.71 | $1.55 | $1.43 | $1.32 | $1.19 |
| Operating Income | 0 | 166M | 128M | 113M | - | 111M |
| Operating Margin | 0.0% | 31.8% | 25.3% | 26.5% | - | 35.4% |
| ROE | 11.2% | 12.5% | 10.6% | 10.2% | 10.6% | 10.6% |
| Shares Outstanding | 20M | 20M | 20M | 20M | 20M | 21M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 175M | 190M | 214M | 277M | 320M | 356M | 339M | 315M | 327M | 428M | 506M | 521M | 402M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 54M | 58M | 130M | 82M | 91M | 99M | 106M | 110M | 187M | 116M | 119M | 127M | 128M |
| EBIT | 3.0M | 2.4M | 4.4M | 4.1M | 4.7M | 113M | 103M | 111M | N/A | 113M | 128M | 166M | 0 |
| Op. Margin | 1.7% | 1.3% | 2.1% | 1.5% | 1.5% | 31.8% | 30.2% | 35.4% | N/A | 26.5% | 25.3% | 31.8% | 0.0% |
| Net Income | 29M | 35M | 46M | 46M | 78M | 92M | 83M | 88M | 91M | 90M | 101M | 131M | 127M |
| Net Margin | 16.5% | 18.5% | 21.5% | 16.5% | 24.4% | 25.8% | 24.5% | 27.8% | 27.9% | 21.1% | 20.0% | 25.2% | 31.5% |
| Non-Recurring | 3.1M | 1.3M | 270K | 0 | -14K | 7.8M | 353K | 399K | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.2% | 6.2% | 7.1% | 7.4% | 11.8% | 12.6% | 10.5% | 10.6% | 11.3% | 10.2% | 10.6% | 12.5% | 0.0% |
| ROE | 5.2% | 6.2% | 7.6% | 7.4% | 11.8% | 12.6% | 10.5% | 10.6% | 10.6% | 10.2% | 10.6% | 12.5% | 11.2% |
| ROA | 0.8% | 0.9% | 1.0% | 0.9% | 1.5% | 1.7% | 1.4% | 1.4% | 1.6% | 1.5% | 1.5% | 1.9% | 1.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 27M | 50M | 48M | 78M | 119M | 105M | 75M | 100M | 155M | 109M | 149M | 168M | 148M |
| Free Cash Flow | 19M | 45M | 41M | 65M | 109M | 92M | 72M | 94M | 151M | 102M | 143M | 161M | 138M |
| Owner Earnings | 20M | 43M | 39M | 68M | 109M | 95M | 65M | 90M | 145M | 100M | 141M | 159M | 53M |
| CapEx | 7.8M | 5.3M | 7.0M | 12M | 9.8M | 13M | 3.6M | 5.8M | 3.5M | 6.9M | 5.8M | 7.1M | 10M |
| Maint. CapEx | 6.4M | 6.6M | 7.3M | 8.5M | 9.3M | 9.2M | 9.7M | 9.2M | 7.6M | 7.5M | 6.9M | 6.7M | 92M |
| Growth CapEx | 1.4M | 0 | 0 | 3.9M | 475K | 3.7M | 0 | 0 | 0 | 0 | 0 | 424K | 0 |
| D&A | 6.4M | 6.6M | 7.3M | 8.5M | 9.3M | 9.2M | 9.7M | 9.2M | 7.6M | 7.5M | 6.9M | 6.7M | 92M |
| CapEx/OCF | 29.1% | 10.6% | 14.7% | 15.9% | 8.2% | 13.2% | 4.7% | 5.8% | 2.3% | 6.4% | 3.9% | N/A | 7.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 15M | 16M | 17M | 18M | 19M | 21M | 23M | 25M | 26M | 28M | 31M | 34M | 35M |
| Dividend Yield | 4.2% | 4.1% | 3.6% | 2.9% | 2.6% | 2.7% | 3.8% | 2.9% | 3.3% | 3.5% | 2.8% | N/A | 1.9% |
| Share Buybacks | 347K | 551K | 1.2M | 1.0M | 827K | 1.4M | 3.9M | 48M | 13M | 20M | 0 | 72K | 72K |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 0.2% | 0.1% | 0.2% | 0.6% | 5.2% | 1.7% | 1.9% | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 458K | 422K | 1.0M | 1.1M | 1.0M | 1.0M | 953K | 1.5M | 1.8M | 1.3M | 1.3M | 2.1M | 2.4M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -509M | -727M | -364M | -823M | -826M | -855M | -1.0B | -757M | -301M | -316M | -432M | -219M | -599M |
| Cash & Equiv. | 73M | 210M | 289M | 299M | 351M | 385M | 486M | 757M | 314M | 317M | 432M | 220M | 599M |
| Long-Term Debt | N/A | N/A | 41M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 89K |
| Debt/Equity | 0.00 | 0.00 | 0.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 3.5 | 6.1 | 20.7 | 18.3 | 3.2 | 2.3 | 0.0 | 0.0 |
| Equity | 559M | 577M | 604M | 632M | 690M | 764M | 823M | 835M | 857M | 913M | 992M | 1.1B | 1.1B |
| Total Assets | 3.7B | 4.2B | 4.8B | 5.1B | 5.2B | 5.6B | 6.2B | 6.2B | 5.8B | 6.6B | 6.8B | 7.0B | 7.3B |
| Total Liabilities | 3.2B | 3.7B | 4.2B | 4.5B | 4.6B | 4.9B | 5.3B | 5.3B | 5.0B | 5.7B | 5.9B | 5.9B | 6.1B |
| Intangibles | 4.8M | 4.9M | 16M | 5.0M | 4.9M | 5.9M | 7.1M | 9.2M | 16M | 7.4M | N/A | N/A | N/A |
| Retained Earnings | 415M | 433M | 461M | 488M | 545M | 614M | 666M | 689M | 742M | 786M | 854M | 945M | 976M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 1.38 | 1.68 | 2.22 | 2.17 | 3.70 | 4.34 | 3.95 | 4.22 | 4.59 | 4.55 | 5.14 | 6.63 | 6.39 |
| Owner EPS | 0.95 | 2.05 | 1.90 | 3.24 | 5.17 | 4.49 | 3.07 | 4.31 | 7.33 | 5.03 | 7.13 | 8.05 | 2.69 |
| Book Value | 26.73 | 27.53 | 29.23 | 30.11 | 32.75 | 36.16 | 39.08 | 40.23 | 43.16 | 45.98 | 50.26 | 55.65 | 57.16 |
| Cash Flow/Share | 1.28 | 2.39 | 2.31 | 3.70 | 5.66 | 4.98 | 3.58 | 4.83 | 7.80 | 5.47 | 7.55 | 8.49 | 11.04 |
| Dividends/Share | 0.71 | 0.76 | 0.83 | 0.84 | 0.93 | 1.01 | 1.10 | 1.19 | 1.32 | 1.43 | 1.55 | 1.71 | 1.75 |
| Shares Out. | 20.9M | 20.9M | 20.7M | 21.0M | 21.1M | 21.1M | 21.1M | 20.8M | 19.8M | 19.9M | 19.7M | 19.8M | 19.8M |
| Valuation | |||||||||||||
| P/E Ratio | 13.5 | 11.7 | 14.1 | 14.4 | 8.2 | 8.9 | 7.6 | 10.4 | 7.9 | 11.5 | 13.2 | N/A | 14.6 |
| P/FCF | 20.5 | 9.2 | 15.8 | 10.1 | 5.8 | 8.9 | 9.2 | 10.1 | 4.9 | 10.5 | 9.5 | N/A | 13.5 |
| EV/EBIT | 198.5 | 264.7 | 130.3 | 146.6 | 109.2 | 4.0 | 3.2 | 3.8 | N/A | 5.0 | 4.4 | N/A | N/A |
| Price/Book | 0.7 | 0.7 | 1.1 | 1.0 | 0.9 | 1.1 | 0.8 | 1.1 | 0.8 | 1.1 | 1.4 | N/A | 1.6 |
| Price/Sales | 2.3 | 2.2 | 2.2 | 2.4 | 2.5 | 2.5 | 1.8 | 2.6 | 2.4 | 2.2 | 2.8 | N/A | 4.6 |
| FCF Yield | 4.9% | 10.9% | 6.3% | 10.0% | 17.2% | 11.4% | 11.4% | 10.4% | 21.0% | 9.7% | 10.7% | N/A | 7.4% |
| Market Cap | 389M | 410M | 647M | 656M | 636M | 812M | 629M | 907M | 721M | 1.0B | 1.3B | 0 | 1.9B |
| Avg. Price | 17.00 | 18.53 | 22.50 | 28.93 | 34.95 | 37.16 | 29.08 | 41.36 | 40.49 | 41.12 | 56.21 | 0.00 | 93.63 |
| Year-End Price | 18.59 | 19.66 | 31.05 | 31.42 | 30.36 | 38.94 | 31.45 | 45.91 | 37.01 | 53.55 | 68.90 | 0.00 | 93.63 |
REPUBLIC BANCORP INC /KY/ passes 3 of 9 quality checks, indicating weak fundamentals.
REPUBLIC BANCORP INC /KY/ trades at 12.8x trailing earnings, compared to its 15-year median P/E of 10.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 10.8x vs a median of 9.5x. The company's 5-year average ROIC is 11.0%. Total shareholder yield (dividends) is 1.9%. At current prices, the estimated annualized return to fair value is +12.2%.
REPUBLIC BANCORP INC /KY/ (RBCAA) has a net profit margin of 25.2%. This is a strong margin indicating high profitability.
REPUBLIC BANCORP INC /KY/ (RBCAA) generated $161 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
REPUBLIC BANCORP INC /KY/ (RBCAA) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
REPUBLIC BANCORP INC /KY/ (RBCAA) reported earnings per share (EPS) of $6.63 in its most recent fiscal year.
REPUBLIC BANCORP INC /KY/ (RBCAA) has a return on equity (ROE) of 12.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for REPUBLIC BANCORP INC /KY/ (RBCAA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
REPUBLIC BANCORP INC /KY/ (RBCAA) has a book value per share of $55.65, based on its most recent annual SEC filing.
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