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Republic Bancorp

Nasdaq:RBCA.A
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RBCA.A
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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.


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RBCA.A Share Price and Events
7 Day Returns
-4%
NasdaqGS:RBCA.A
-0.6%
US Banks
-0.3%
US Market
1 Year Returns
5%
NasdaqGS:RBCA.A
-7.3%
US Banks
3.4%
US Market
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.
Price Volatility
RBCA.A
Industry
5yr Volatility vs Market

Value

 Is Republic Bancorp undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Republic Bancorp.

NasdaqGS:RBCA.A Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:RBCA.A
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.

NasdaqGS:RBCA.A Value of Excess Returns
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
NasdaqGS:RBCA.A Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NasdaqGS:RBCA.A PE (Price to Earnings) Ratio Data Sources
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.

NasdaqGS:RBCA.A PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NasdaqGS:RBCA.A PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NasdaqGS:RBCA.A PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NasdaqGS:RBCA.A PB (Price to Book) Ratio Data Sources
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
NasdaqGS:RBCA.A PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Republic Bancorp's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. 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

 How is Republic Bancorp expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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!
Annual Growth Rate
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Republic Bancorp expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqGS:RBCA.A Future Growth Rates Data Sources
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
Raw Data
NasdaqGS:RBCA.A Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:RBCA.A Future Estimates Data
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
NasdaqGS:RBCA.A Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Republic Bancorp's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • Republic Bancorp's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:RBCA.A 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.

NasdaqGS:RBCA.A Future Estimates Data
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
NasdaqGS:RBCA.A Past Financials Data
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.
X
Future performance checks
We assess Republic Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Republic Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Republic Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Republic Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:RBCA.A Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess Republic Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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

 How is Republic Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

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.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Republic Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
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.
Raw Data

All data from Republic Bancorp Company Filings, last reported 3 months ago.

NasdaqGS:RBCA.A Past Debt and Equity Data
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.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • 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%).
X
Financial health checks
We assess Republic Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Republic Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.15%
Current annual income from Republic Bancorp dividends. Estimated to be 2.23% next year.
If you bought $2,000 of Republic Bancorp shares you are expected to receive $43 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NasdaqGS:RBCA.A Annualized Past and Future Dividends
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.

NasdaqGS:RBCA.A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.13 1.00
2019-12-31 1.06 1.00
NasdaqGS:RBCA.A Past Annualized Dividends Data
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).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Republic Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Republic Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Trager
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:

13.5
Average Tenure
55
Average Age
  • 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

TITLE
Chairman & CEO
COMPENSATION
$607K
AGE
58
TENURE
21.5 yrs

A. Trager

TITLE
Vice Chairman & President
COMPENSATION
$577K
AGE
66
TENURE
7.4 yrs

Kevin Sipes

TITLE
Executive VP
COMPENSATION
$614K
AGE
47
TENURE
18.8 yrs

John Rippy

TITLE
Assistant Secretary
COMPENSATION
$500K
AGE
58
TENURE
6.5 yrs

William Nelson

TITLE
President of Republic Processing Group
COMPENSATION
$1M
AGE
55
TENURE
12.5 yrs

Steve DeWeese

TITLE
Executive VP and MD of Private & Business Banking
COMPENSATION
$299K
AGE
50
TENURE
19.5 yrs

Bobby Arnold

TITLE
Senior VP and MD of Commercial & Corporate Banking
COMPENSATION
$281K
AGE
60
TENURE
13.5 yrs

Juan Montano

TITLE
Executive VP & Chief Mortgage Banking Officer
COMPENSATION
$398K
AGE
49
TENURE
10.5 yrs

Michael Sadofsky

TITLE
Senior VP and Chief Marketing Officer of Republic Bank & Trust Company

Andy Powell

TITLE
Executive VP & Chief Lending Officer
AGE
51
TENURE
18.5 yrs
Board of Directors Tenure

Average tenure and age of the Republic Bancorp board of directors in years:

9.3
Average Tenure
58
Average Age
  • The tenure for the Republic Bancorp board of directors is about average.
Board of Directors

A. Trager

TITLE
Vice Chairman & President
COMPENSATION
$577K
AGE
66
TENURE
2.3 yrs

R. Stratton

TITLE
Director
COMPENSATION
$35K
AGE
71
TENURE
24.3 yrs

Steve Trager

TITLE
Chairman & CEO
COMPENSATION
$607K
AGE
58
TENURE
7.4 yrs

Craig Greenberg

TITLE
Director
COMPENSATION
$27K
AGE
45
TENURE
11.3 yrs

Mark Vogt

TITLE
Director
COMPENSATION
$16K
AGE
50
TENURE
3.3 yrs

Sue Tamme

TITLE
Director
COMPENSATION
$23K
AGE
68
TENURE
16.3 yrs

Michael Rust

TITLE
Director
COMPENSATION
$26K
AGE
68
TENURE
12.3 yrs

Andrew Trager-Kusman

TITLE
Director
AGE
32
TENURE
0.3 yrs

Ron Barnes

TITLE
Director of Republic Bank and Trust Company

Campbell Brown

TITLE
Director of Republic Bank and Trust Company
AGE
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
X
Management checks
We assess Republic Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Could 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 -

Should 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 -

Are 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 -

Does 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 -

Can 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 -

Risk 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 -

Does 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 -

Do 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 -

Does 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 -

Company 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
Staff numbers
1,051
Republic Bancorp employees.
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.