This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Republic Bancorp, Inc. Reports Record 2012 Net Income Of $119.3 Million, A 27% Increase Over 2011. Fourth Quarter 2012 Net Income Increases 7% Over Fourth Quarter 2011

Stocks in this article: RBCAA

Republic Bancorp, Inc. (“Republic” or the “Company”) is pleased to report its fifth consecutive year of increased earnings by ending 2012 with net income of $119.3 million, representing a $25.2 million, or 27%, increase over 2011. Annual return on average assets (“ROA”) and return on average equity (“ROE”) during 2012 were both industry-strong at 3.35% and 22.51%. Diluted Earnings per Class A Common Share increased 27% for 2012 to $5.69 for the year ended December 31, 2012.

Republic earned fourth quarter net income of $6.6 million, a $417,000 increase over the fourth quarter of 2011. Diluted Earnings per Class A Common Share increased to $0.33 for the fourth quarter of 2012. ROA and ROE were both solid during the quarter at 0.77% and 4.95%. Steve Trager, Republic’s Chairman and CEO, commented: “In addition to strong earnings, we generated solid loan and deposit growth during 2012 with loans increasing $365 million, or 16%, and deposits growing $249 million, or 14%, while maintaining strong credit quality and plentiful capital.”

Republic Bancorp, Inc. (NASDAQ: RBCAA), headquartered in Louisville, Kentucky, is the holding company for Republic Bank & Trust Company (“RB&T”) and Republic Bank (“RB”).

The following chart highlights Republic’s fourth quarter and year-to-date 2012 financial performance compared to the same period in 2011:

 
  Three Months Ended   %   Year Ended   %
(dollars in thousands, except per share data) 12/31/12   12/31/11 Change 12/31/12   12/31/11 Change
 
Income Before Income Tax Expense $ 10,186 $ 8,363 22 % $ 183,945 $ 144,197 28 %
Net Income $ 6,621 $ 6,204 7 % $ 119,339 $ 94,149 27 %
Diluted Earnings per Class A Share $ 0.33 $ 0.30 10 % $ 5.69 $ 4.49 27 %
ROA 0.77 % 0.76 % 1 % 3.35 % 2.76 % 21 %
ROE 4.95 % 5.46 % -9 % 22.51 % 21.42 % 5 %
 




1 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs