Republic Bancorp
Republic Bancorp, Inc., a financial holding company, provides banking products and services in the United States. The last earnings update was 69 days ago. More info.
Add to Portfolio Compare Print
RBCA.A Share Price and Events
7 Day Returns
1 Year Returns
RBCA.A Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Republic Bancorp (RBCA.A) | -4% | 6.3% | 5.4% | 5% | 65.2% | 107.7% |
| US Banks | -0.6% | 2.9% | -1.2% | -7.3% | 44.2% | 45.2% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- RBCA.A outperformed the Banks industry which returned -7.3% over the past year.
- RBCA.A outperformed the Market in United States of America which returned 3.4% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Republic Bancorp
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Republic Bancorp.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $30.33 * 7.9% |
$2.39 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $30.33 |
| Discount Rate (Cost of Equity) | See below | 8.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 21%) (79.18%)) |
0.978 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.98 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.978 * 5.96%) |
8.56% |
Discounted Cash Flow Calculation for NasdaqGS:RBCA.A using Excess Returns Model Model
The calculations below outline how an intrinsic value for Republic Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (7.9% – 8.56%) * $30.33) |
$-0.20 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.20 / (8.56% - 2.73%) |
$-3.46 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $30.33 + $-3.46 |
$26.87 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $26.87 |
| Current discount | Discount to share price of
$49.15
= -1 x ($49.15 - $26.87) / $26.87 |
-82.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Republic Bancorp is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Republic Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Republic Bancorp's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.81 |
| NasdaqGS:RBCA.A Share Price ** | NasdaqGS (2019-07-18) in USD | $49.15 |
| United States of America Banks Industry PE Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 12.69x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Republic Bancorp.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:RBCA.A Share Price ÷ EPS (both in USD) = 49.15 ÷ 3.81 |
12.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Republic Bancorp is overvalued based on earnings compared to the US Banks industry average.
- Republic Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Republic Bancorp's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.9x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
2.6%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 271 Publicly-Listed Banks Companies | 1.22x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 12.9x ÷ 2.6% |
4.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Republic Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Republic Bancorp's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $34.29 |
| NasdaqGS:RBCA.A Share Price * | NasdaqGS (2019-07-18) in USD | $49.15 |
| United States of America Banks Industry PB Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:RBCA.A Share Price ÷ Book Value per Share (both in USD) = 49.15 ÷ 34.29 |
1.43x |
* Primary Listing of Republic Bancorp.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Republic Bancorp is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess Republic Bancorp's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Republic Bancorp has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Republic Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- Republic Bancorp's earnings growth is positive but not above the United States of America market average.
- Republic Bancorp's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:RBCA.A Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 2.6% |
| NasdaqGS:RBCA.A Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | -2.5% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 2% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 249 | 83 | 1 | |
| 2019-12-31 | 236 | 78 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 262 | 111 | 80 |
| 2018-12-31 | 258 | 119 | 78 |
| 2018-09-30 | 253 | 96 | 65 |
| 2018-06-30 | 246 | 87 | 59 |
| 2018-03-31 | 237 | 84 | 53 |
| 2017-12-31 | 228 | 78 | 46 |
| 2017-09-30 | 220 | 77 | 51 |
| 2017-06-30 | 215 | 84 | 50 |
| 2017-03-31 | 209 | 68 | 48 |
| 2016-12-31 | 199 | 48 | 46 |
| 2016-09-30 | 190 | 53 | 43 |
| 2016-06-30 | 179 | 49 | 39 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Republic Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3.94 | 3.94 | 3.94 | 1.00 |
| 2019-12-31 | 3.73 | 3.73 | 3.73 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.81 |
| 2018-12-31 | 3.71 |
| 2018-09-30 | 3.12 |
| 2018-06-30 | 2.80 |
| 2018-03-31 | 2.54 |
| 2017-12-31 | 2.18 |
| 2017-09-30 | 2.43 |
| 2017-06-30 | 2.39 |
| 2017-03-31 | 2.30 |
| 2016-12-31 | 2.19 |
| 2016-09-30 | 2.07 |
| 2016-06-30 | 1.87 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Republic Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Republic Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Republic Bancorp has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Republic Bancorp performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Republic Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
- Republic Bancorp's 1-year earnings growth exceeds its 5-year average (50.5% vs 22.4%)
- Republic Bancorp's earnings growth has exceeded the US Banks industry average in the past year (50.5% vs 40.8%).
Earnings and Revenue History
All data from Republic Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 262.16 | 79.90 | 141.03 | |
| 2018-12-31 | 257.63 | 77.85 | 139.81 | |
| 2018-09-30 | 253.13 | 65.38 | 139.26 | |
| 2018-06-30 | 246.45 | 58.68 | 136.02 | |
| 2018-03-31 | 237.00 | 53.08 | 131.68 | |
| 2017-12-31 | 228.06 | 45.63 | 127.90 | |
| 2017-09-30 | 220.46 | 50.79 | 122.21 | |
| 2017-06-30 | 215.16 | 49.92 | 118.73 | |
| 2017-03-31 | 208.72 | 48.19 | 115.28 | |
| 2016-12-31 | 198.88 | 45.90 | 109.59 | |
| 2016-09-30 | 189.92 | 43.32 | 104.25 | |
| 2016-06-30 | 178.84 | 39.13 | 100.16 | |
| 2016-03-31 | 173.91 | 39.11 | 95.84 | |
| 2015-12-31 | 166.44 | 35.17 | 94.31 | |
| 2015-09-30 | 162.77 | 32.98 | 94.85 | |
| 2015-06-30 | 159.24 | 32.59 | 92.79 | |
| 2015-03-31 | 155.53 | 30.59 | 91.74 | |
| 2014-12-31 | 152.43 | 28.79 | 90.80 | |
| 2014-09-30 | 149.89 | 24.90 | 92.39 | |
| 2014-06-30 | 150.12 | 24.25 | 92.20 | |
| 2014-03-31 | 152.67 | 24.05 | 94.82 | |
| 2013-12-31 | 154.75 | 25.42 | 97.16 | |
| 2013-09-30 | 160.85 | 30.70 | 93.24 | |
| 2013-06-30 | 161.73 | 46.76 | 95.62 | |
| 2013-03-31 | 165.28 | 50.22 | 94.57 | |
| 2012-12-31 | 253.78 | 119.34 | 100.22 | |
| 2012-09-30 | 250.43 | 118.92 | 97.96 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Republic Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Republic Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if Republic Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Republic Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Republic Bancorp has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Republic Bancorp Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 717.09 | 774.69 | 348.64 |
| 2018-12-31 | 689.93 | 1,034.49 | 348.83 |
| 2018-09-30 | 676.81 | 920.01 | 365.97 |
| 2018-06-30 | 664.01 | 1,076.64 | 387.61 |
| 2018-03-31 | 653.25 | 656.92 | 362.75 |
| 2017-12-31 | 632.42 | 982.86 | 296.66 |
| 2017-09-30 | 633.29 | 972.38 | 330.35 |
| 2017-06-30 | 626.89 | 1,157.47 | 333.28 |
| 2017-03-31 | 620.66 | 653.49 | 206.81 |
| 2016-12-31 | 604.41 | 1,017.61 | 287.81 |
| 2016-09-30 | 600.56 | 1,057.34 | 303.08 |
| 2016-06-30 | 595.02 | 1,160.43 | 143.82 |
| 2016-03-31 | 591.56 | 879.82 | 198.75 |
| 2015-12-31 | 576.55 | 1,136.80 | 208.39 |
| 2015-09-30 | 574.71 | 1,063.85 | 89.07 |
| 2015-06-30 | 572.97 | 1,188.07 | 92.14 |
| 2015-03-31 | 569.47 | 971.18 | 135.85 |
| 2014-12-31 | 558.73 | 1,105.37 | 72.13 |
| 2014-09-30 | 557.37 | 979.34 | 70.02 |
| 2014-06-30 | 555.29 | 879.06 | 82.53 |
| 2014-03-31 | 550.86 | 845.48 | 341.55 |
| 2013-12-31 | 542.79 | 811.80 | 170.95 |
| 2013-09-30 | 545.51 | 734.79 | 141.99 |
| 2013-06-30 | 544.07 | 761.82 | 98.42 |
| 2013-03-31 | 542.74 | 734.03 | 207.45 |
| 2012-12-31 | 536.70 | 834.72 | 137.83 |
| 2012-09-30 | 557.76 | 764.57 | 96.19 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Republic Bancorp has an acceptable proportion of non-loan assets held.
- Republic Bancorp's liabilities are made up of primarily low risk sources of funding.
- Loans at Republic Bancorp are broadly funded by customer deposits.
- Republic Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Republic Bancorp has a sufficient allowance for bad loans.
- Republic Bancorp has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Republic Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Republic Bancorp has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Republic Bancorp's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Republic Bancorp
shares you are expected to receive
$43
in your first year as a dividend.
Dividend Amount
- Republic Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Republic Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 479 Stocks | 3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.13 | 1.00 |
| 2019-12-31 | 1.06 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-15 | 1.056 | 2.196 |
| 2019-01-23 | 1.056 | 2.375 |
| 2018-11-14 | 0.968 | 2.370 |
| 2018-07-18 | 0.968 | 2.061 |
| 2018-05-16 | 0.968 | 2.130 |
| 2018-01-24 | 0.968 | 2.441 |
| 2017-11-15 | 0.880 | 2.193 |
| 2017-07-19 | 0.880 | 2.373 |
| 2017-05-17 | 0.880 | 2.486 |
| 2017-01-25 | 0.836 | 2.402 |
| 2016-11-16 | 0.836 | 2.196 |
| 2016-07-20 | 0.836 | 2.687 |
| 2016-05-18 | 0.836 | 3.010 |
| 2016-01-27 | 0.792 | 3.051 |
| 2015-11-18 | 0.792 | 3.113 |
| 2015-07-15 | 0.792 | 3.134 |
| 2015-05-20 | 0.792 | 3.147 |
| 2015-01-16 | 0.748 | 3.111 |
| 2014-11-19 | 0.748 | 3.113 |
| 2014-07-16 | 0.748 | 3.188 |
| 2014-05-21 | 0.748 | 3.179 |
| 2014-01-15 | 0.704 | 3.009 |
| 2013-11-20 | 0.704 | 2.926 |
| 2013-07-17 | 0.704 | 2.726 |
| 2013-05-15 | 0.704 | 2.981 |
| 2013-01-17 | 0.660 | 2.989 |
| 2012-11-14 | 0.660 | 3.142 |
| 2012-07-18 | 0.660 | 2.929 |
| 2012-05-16 | 0.660 | 3.055 |
| 2012-01-20 | 0.616 | 2.515 |
| 2011-11-16 | 0.616 | 2.754 |
| 2011-07-20 | 0.616 | 3.352 |
| 2011-05-09 | 0.616 | 3.076 |
| 2011-01-19 | 0.572 | 2.975 |
| 2010-11-17 | 0.572 | 2.564 |
| 2010-07-21 | 0.572 | 2.712 |
| 2010-05-19 | 0.572 | 2.429 |
| 2010-01-22 | 0.528 | 2.802 |
| 2009-11-19 | 0.528 | 2.830 |
| 2009-07-16 | 0.528 | 2.528 |
| 2009-05-21 | 0.528 | 2.210 |
| 2009-01-22 | 0.484 | 2.522 |
| 2008-11-20 | 0.484 | 2.133 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Republic Bancorp's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.8x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Republic Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Republic Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Republic Bancorp has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $607,332 |
| AGE | 58 |
| TENURE AS CEO | 21.5 years |
CEO Bio
Mr. Steven E. Trager began serving as Chairman and Chief Executive Officer of Republic Bancorp, Inc. ('Republic') in 2012 and has served as Chairman and Chief Executive Officer of Republic Bank & Trust Company (the "Bank") since 1998. From 1994 to 1997 he served as Vice Chairman of the Bank. From 1994 to 1998 he served as Secretary of Republic from 1998 to 2012 he served as President and CEO of Republic. Steven E. Trager received his undergraduate degree in Finance at the University of Texas at Austin. He received his Juris Doctor degree from the University of Louisville Brandeis School of Law and has engaged in the practice of law with the firm of Wyatt, Tarrant & Combs. He has more than twenty years banking experience. In 1994, he provided the leadership resulting in the complex merger and reorganization of the Republic group of multiple banks into a consolidated and more efficient banking structure. He also has direct experience in banking, finance, operations and retail management. His banking experience includes his service as past Chairman for the Kentucky Bankers Association and his service as a Board Member of the Federal Reserve Bank of St. Louis’ Louisville Branch. He also has leadership and directorate experience in multiple community service organizations.
CEO Compensation
- Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
- Steve's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Republic Bancorp management team in years:
- The average tenure for the Republic Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Steve Trager
Chairman & CEO
$607K
58
21.5 yrs
A. Trager
Vice Chairman & President
$577K
66
7.4 yrs
Kevin Sipes
Executive VP
$614K
47
18.8 yrs
John Rippy
Assistant Secretary
$500K
58
6.5 yrs
William Nelson
President of Republic Processing Group
$1M
55
12.5 yrs
Steve DeWeese
Executive VP and MD of Private & Business Banking
$299K
50
19.5 yrs
Bobby Arnold
Senior VP and MD of Commercial & Corporate Banking
$281K
60
13.5 yrs
Juan Montano
Executive VP & Chief Mortgage Banking Officer
$398K
49
10.5 yrs
Michael Sadofsky
Senior VP and Chief Marketing Officer of Republic Bank & Trust Company
Andy Powell
Executive VP & Chief Lending Officer
51
18.5 yrs
Board of Directors Tenure
Average tenure and age of the Republic Bancorp board of directors in years:
- The tenure for the Republic Bancorp board of directors is about average.
Board of Directors
A. Trager
Vice Chairman & President
$577K
66
2.3 yrs
R. Stratton
Director
$35K
71
24.3 yrs
Steve Trager
Chairman & CEO
$607K
58
7.4 yrs
Craig Greenberg
Director
$27K
45
11.3 yrs
Mark Vogt
Director
$16K
50
3.3 yrs
Sue Tamme
Director
$23K
68
16.3 yrs
Michael Rust
Director
$26K
68
12.3 yrs
Andrew Trager-Kusman
Director
32
0.3 yrs
Ron Barnes
Director of Republic Bank and Trust Company
Campbell Brown
Director of Republic Bank and Trust Company
51
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Republic Bancorp individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. May 19 | Buy | Mark Vogt | Individual | 08. May 19 | 08. May 19 | 3,500 | $48.93 | $171,252 | ||
| 07. May 19 | Sell | Anthony Powell | Individual | 03. May 19 | 03. May 19 | -225 | $49.00 | $-11,025 | ||
| 27. Feb 19 | Sell | Steven DeWeese | Individual | 26. Feb 19 | 26. Feb 19 | -281 | $44.75 | $-12,575 | ||
| 26. Feb 19 | Sell | Steven DeWeese | Individual | 22. Feb 19 | 22. Feb 19 | -19 | $45.25 | $-860 | ||
| 19. Feb 19 | Sell | Steven DeWeese | Individual | 15. Feb 19 | 15. Feb 19 | -300 | $44.80 | $-13,440 | ||
| 14. Feb 19 | Sell | Steven DeWeese | Individual | 12. Feb 19 | 12. Feb 19 | -12 | $43.25 | $-519 | ||
| 14. Feb 19 | Sell | Steven DeWeese | Individual | 13. Feb 19 | 13. Feb 19 | -72 | $43.37 | $-3,123 | ||
| 13. Feb 19 | Sell | Steven DeWeese | Individual | 11. Feb 19 | 11. Feb 19 | -300 | $42.50 | $-12,750 | ||
| 01. Feb 19 | Sell | Steven DeWeese | Individual | 30. Jan 19 | 30. Jan 19 | -325 | $41.50 | $-13,488 | ||
| 03. Dec 18 | Sell | Steven DeWeese | Individual | 30. Nov 18 | 30. Nov 18 | -300 | $43.26 | $-12,978 | ||
| 29. Nov 18 | Sell | Steven DeWeese | Individual | 27. Nov 18 | 27. Nov 18 | -300 | $42.86 | $-12,858 | ||
| 30. Jul 18 | Sell | Juan Montano | Individual | 27. Jul 18 | 27. Jul 18 | -3,000 | $47.91 | $-143,730 | ||
Management checks
We assess Republic Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Republic Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Republic Bancorp, Inc.'s (NASDAQ:RBCA.A) 2.1% Dividend Yield Looks Pretty Interesting
For the purpose of this article, we only scrutinise the last decade of Republic Bancorp's dividend payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Republic Bancorp has grown its earnings per share at 26% per annum over the past five years. With high earnings per share growth in recent times and a modest payout ratio, we think this is an attractive combination if earnings can be reinvested to generate further growth. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … We like that it has been delivering solid improvement in its earnings per share, and relatively consistent dividend payments.
Simply Wall St - – Full articleCould The Republic Bancorp, Inc. (NASDAQ:RBCA.A) Ownership Structure Tell Us Something Useful?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Insider Ownership Of Republic Bancorp The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership We can see that Private Companies own 43%, of the shares on issue.
Simply Wall St - – Full articleShould You Be Adding Republic Bancorp (NASDAQ:RBCA.A) To Your Watchlist Today?
In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Republic Bancorp (NASDAQ:RBCA.A). … As a result, I'm encouraged by the fact that insiders own Republic Bancorp shares worth a considerable sum. … I discovered that the median total compensation for the CEOs of companies like Republic Bancorp with market caps between US$400m and US$1.6b is about US$2.7m.
Simply Wall St - – Full articleAre Insiders Selling Republic Bancorp, Inc. (NASDAQ:RBCA.A) Stock?
So we'll take a look at whether insiders have been buying or selling shares in Republic Bancorp, Inc. … Over the last year we saw more insider selling of Republic Bancorp shares, than buying. … Insiders at Republic Bancorp Have Bought Stock Recently There has been significantly more insider buying, than selling, at Republic Bancorp, over the last three months.
Simply Wall St - – Full articleDoes Republic Bancorp, Inc.'s (NASDAQ:RBCA.A) CEO Pay Reflect Performance?
Steve Trager became the CEO of Republic Bancorp, Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Steve Trager's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleCan You Imagine How Republic Bancorp's (NASDAQ:RBCA.A) Shareholders Feel About The 95% Share Price Increase?
To wit, the Republic Bancorp share price has climbed 95% in five years, easily topping the market return of 47% (ignoring dividends). … During five years of share price growth, Republic Bancorp achieved compound earnings per share (EPS) growth of 25% per year. … The EPS growth is more impressive than the yearly share price gain of 14% over the same period.
Simply Wall St - – Full articleRisk Factors To Consider Before Investing In Republic Bancorp, Inc. (NASDAQ:RBCA.A)
Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Republic Bancorp’s bottom line. … Today we will analyse Republic Bancorp’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … Check out our latest analysis for Republic Bancorp
Simply Wall St - – Full articleDoes Republic Bancorp, Inc. (NASDAQ:RBCA.A) Have A Place In Your Portfolio?
Over the past 10 years Republic Bancorp, Inc. … Let's dig deeper into whether Republic Bancorp should have a place in your portfolio. … View our latest analysis for Republic Bancorp
Simply Wall St - – Full articleDo Insiders Own Shares In Republic Bancorp, Inc. (NASDAQ:RBCA.A)?
Republic Bancorp isn't enormous, but it's not particularly small either. … Our analysis of the ownership of the company, below, shows that. … See our latest analysis for Republic Bancorp
Simply Wall St - – Full articleDoes Republic Bancorp, Inc. (NASDAQ:RBCA.A) Have A Good P/E Ratio?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Republic Bancorp, Inc.'s (NASDAQ:RBCA.A) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
Republic Bancorp, Inc., a financial holding company, provides banking products and services in the United States. It operates through five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposit; and money market and individual retirement accounts. Its loan products include single family, first lien residential real estate, and adjustable rate mortgage loans; commercial and industrial, commercial real estate, construction and development, and multi-family loans, as well as equipment financing; construction and land development loans; Internet and correspondent lending; home improvement and home equity, and secured and unsecured personal loans; and dealer floor plan, consumer indirect automobile, and aircraft loans. The company also offers credit cards; title insurance and other financial products and services; and memory banking, private banking, lockbox processing, remote deposit capture, business online banking, account reconciliation, automated clearing house processing, and Internet and mobile banking services. In addition, it provides short-term, revolving credit facilities to mortgage bankers; tax refund solutions, which facilitate the receipt and payment of federal and state tax refund products through third-party tax preparers and tax-preparation software providers; and general purpose reloadable prepaid cards through third party service providers. Further, the company offers consumer credit products; and property and casualty insurance products. As of December 31, 2018, it operated 45 full-service banking centers, including 32 banking centers in Kentucky; 7 banking centers in Florida; 3 banking centers in Indiana; 2 banking centers and 1 loan production office in Tennessee; and 1 banking center in Ohio. Republic Bancorp, Inc. was incorporated in 1982 and is headquartered in Louisville, Kentucky.
Details
| Name: | Republic Bancorp, Inc. |
| RBCA.A | |
| Exchange: | NasdaqGS |
| Founded: | 1982 |
| $1,029,134,352 | |
| 20,938,644 | |
| Website: | http://www.republicbank.com |
| Address: |
Republic Bancorp, Inc. 601 West Market Street, Louisville, Kentucky, 40202, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | RBCA.A | Class A Common Stock | Nasdaq Global Select | US | USD | 22. Jul 1998 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 23:48 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2019/04/29 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
