Republic Bancorp Full Year 2023 Earnings: EPS: US$4.57 (vs US$4.55 in FY 2022)
Republic Bancorp (NASDAQ:RBCA.A) Full Year 2023 Results
Key Financial Results
Revenue: US$310.9m (up 8.6% from FY 2022).
Net income: US$90.4m (flat on FY 2022).
Profit margin: 29% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$4.57.
RBCA.A Banking Performance Indicators
Net interest margin (NIM): 4.91% (up from 4.12% in FY 2022).
Non-performing loans: 0.39% (up from 0.36% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Republic Bancorp Earnings Insights
The primary driver behind last 12 months revenue was the Core Banking - Traditional Banking segment contributing a total revenue of US$221.7m (71% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$162.1m (74% of total expenses). Explore how RBCA.A's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 2.7% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Republic Bancorp's balance sheet health.
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