Republic Bancorp
Market Cap
US$858.5m
Last Updated
2020/02/25 00:08 UTC
Data Sources
Company Financials +
Executive Summary
Republic Bancorp, Inc., a financial holding company, provides banking products and services in the United States.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -7% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Republic Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RBCA.A has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.1%
RBCA.A
-3.4%
US Banks
-4.2%
US Market
1 Year Return
-8.9%
RBCA.A
6.9%
US Banks
14.0%
US Market
Return vs Industry: RBCA.A underperformed the US Banks industry which returned 6.9% over the past year.
Return vs Market: RBCA.A underperformed the US Market which returned 14% over the past year.
Shareholder returns
| RBCA.A | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | -3.4% | -4.2% |
| 30 Day | -8.3% | -2.8% | -1.8% |
| 90 Day | -10.5% | -4.1% | 2.6% |
| 1 Year | -6.8%-8.9% | 10.0%6.9% | 16.3%14.0% |
| 3 Year | 27.1%18.5% | 19.6%11.0% | 43.2%34.0% |
| 5 Year | 97.6%73.8% | 66.5%47.6% | 65.9%47.6% |
Price Volatility Vs. Market
How volatile is Republic Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Does Republic Bancorp's (NASDAQ:RBCA.A) Share Price Gain of 77% Match Its Business Performance?1 month ago | Simply Wall St
Does Republic Bancorp, Inc. (NASDAQ:RBCA.A) Have A Good P/E Ratio?1 month ago | Simply Wall St
Do Insiders Own Shares In Republic Bancorp, Inc. (NASDAQ:RBCA.A)?Valuation
Is Republic Bancorp undervalued compared to its fair value and its price relative to the market?
9.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RBCA.A ($40.99) is trading above our estimate of fair value ($36.79)
Significantly Below Fair Value: RBCA.A is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RBCA.A is good value based on its PE Ratio (9.4x) compared to the Banks industry average (12.4x).
PE vs Market: RBCA.A is good value based on its PE Ratio (9.4x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: RBCA.A's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RBCA.A is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Republic Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-7.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RBCA.A's earnings are forecast to decline over the next 3 years (-7% per year).
Earnings vs Market: RBCA.A's earnings are forecast to decline over the next 3 years (-7% per year).
High Growth Earnings: RBCA.A's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RBCA.A's revenue is expected to decline over the next 3 years (-7.2% per year).
High Growth Revenue: RBCA.A's revenue is forecast to decline over the next 3 years (-7.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RBCA.A's Return on Equity is forecast to be low in 3 years time (9.4%).
Next Steps
Past Performance
How has Republic Bancorp performed over the past 5 years?
22.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RBCA.A has high quality earnings.
Growing Profit Margin: RBCA.A's current net profit margins (32.2%) are higher than last year (30.2%).
Past Earnings Growth Analysis
Earnings Trend: RBCA.A's earnings have grown significantly by 22.8% per year over the past 5 years.
Accelerating Growth: RBCA.A's earnings growth over the past year (17.8%) is below its 5-year average (22.8% per year).
Earnings vs Industry: RBCA.A earnings growth over the past year (17.8%) exceeded the Banks industry 12%.
Return on Equity
High ROE: RBCA.A's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Republic Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: RBCA.A has a low level of unsold assets or inventory.
Debt Coverage by Assets: RBCA.A's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: RBCA.A's level of assets compared to its equity is low.
Allowance for Bad Loans: RBCA.A has a sufficient allowance for bad loans.
Low Risk Liabilities: RBCA.A's liabilities are made up of primarily low risk sources of funding.
Loan Level: RBCA.A has an acceptable proportion of non-loan assets held.
Low Risk Deposits: RBCA.A's loans are broadly funded by customer deposits.
Level of Bad Loans: RBCA.A has an appropriate level of bad loans (0.53%)
Next Steps
Dividend
What is Republic Bancorp's current dividend yield, its reliability and sustainability?
2.79%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Republic Bancorp before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RBCA.A's dividend (2.79%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: RBCA.A's dividend (2.79%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stability and Growth of Payments
Stable Dividend: RBCA.A's dividends per share have been stable in the past 10 years.
Growing Dividend: RBCA.A's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.2%), RBCA.A's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RBCA.A's dividends in 3 years are forecast to be well covered by earnings (31.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
14.1yrs
Average management tenure
CEO
Steve Trager (58yo)
22.1yrs
Tenure
US$607,332
Compensation
Mr. Steven E. Trager began serving as Chairman and Chief Executive Officer of Republic Bancorp, Inc. ('Republic') in 2012 and has served as Chairman and Chief Executive Officer of Republic Bank & Trust Com ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD607.33K) is below average for companies of similar size in the US market ($USD2.52M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 22.1yrs | US$607.33k | 3.78% $32.4m | |
| Vice Chairman & President | 2.8yrs | US$576.97k | 1.41% $12.1m | |
| Executive VP | 19.3yrs | US$613.57k | 0.34% $3.0m | |
| Assistant Secretary | 7.1yrs | US$499.73k | 0.064% $551.8k | |
| President of Republic Processing Group | 13.1yrs | US$1.09m | 0.096% $824.8k | |
| Executive VP and MD of Private & Business Banking | 20.1yrs | US$299.40k | 0.19% $1.6m | |
| Senior VP and MD of Commercial & Corporate Banking | 14.1yrs | US$280.94k | 0.051% $439.2k | |
| Executive VP & Chief Mortgage Banking Officer | 11.1yrs | US$398.19k | 0.061% $524.3k | |
| Senior VP and Chief Marketing Officer of Republic Bank & Trust Company | 0yrs | no data | no data | |
| Executive VP & Chief Lending Officer | 19.1yrs | no data | 0.16% $1.4m |
14.1yrs
Average Tenure
55yo
Average Age
Experienced Management: RBCA.A's management team is seasoned and experienced (14.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 22.1yrs | US$607.33k | 3.78% $32.4m | |
| Vice Chairman & President | 2.8yrs | US$576.97k | 1.41% $12.1m | |
| Independent Director | 3.8yrs | US$16.43k | 0.035% $302.9k | |
| Independent Director | 11.8yrs | US$27.18k | 0.058% $501.2k | |
| Independent Director | 24.8yrs | US$34.63k | 0.092% $787.5k | |
| Independent Director | 16.8yrs | US$23.43k | 0.045% $387.8k | |
| Independent Director | 12.8yrs | US$25.63k | 0.016% $137.6k | |
| Director of Republic Bank and Trust Company | 0yrs | no data | no data | |
| Director of Republic Bank and Trust Company | 0yrs | no data | no data | |
| Director | 0.8yrs | no data | no data |
9.9yrs
Average Tenure
58yo
Average Age
Experienced Board: RBCA.A's board of directors are considered experienced (9.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RBCA.A insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Republic Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Republic Bancorp, Inc.
- Ticker: RBCA.A
- Exchange: NasdaqGS
- Founded: 1982
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$858.454m
- Shares outstanding: 20.94m
- Website: https://www.republicbank.com
Number of Employees
Location
- Republic Bancorp, Inc.
- 601 West Market Street
- Louisville
- Kentucky
- 40202
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RBCA.A | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Jul 1998 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/25 00:08 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.