Republic Bancorp Inc-A 2026年季度报告

FORM 10-Q ☒Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March31,2026 or ◻Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-24649 REPUBLIC BANCORP, INC. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.⌧Yes◻No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).⌧Yes◻No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).◻Yes☒NoThe number of shares outstanding of the registrant’s Class A Common Stock and Class B Common Stock, as of April 30, 2026 was17,480,988 and2,136,742. Table of Contents TABLE OF CONTENTS PARTI — FINANCIAL INFORMATIONItem 1.Financial Statements.4Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.55Item 3.Quantitative and Qualitative Disclosures about Market Risk.98Item 4.Controls and Procedures.98PARTII — OTHER INFORMATIONItem 1.Legal Proceedings.98Item1A.Risk Factors.98Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.98Item 5.Other Information.99Item 6.Exhibits.99SIGNATURES100 GLOSSARY OF TERMS The terms identified in alphabetical order below are used throughout this Form 10-Q. You may find it helpful to referto this page as you read this report. PART I — FINANCIAL INFORMATION CONSOLIDATED BALANCE SHEETS(UNAUDITED) (in thousands, except share data) CONSOLIDATED STATEMENTS OF INCOME(UNAUDITED)(in thousands, except per share data) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(UNAUDITED)(in thousands) See accompanying footnotes to consolidated financial statements. FOOTNOTES TO CONSOLIDATED FINANCIAL STATEMENTSMARCH31, 2026 and 2025 AND DECEMBER 31, 2025(UNAUDITED) BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation— The consolidated financial statements included in this report include the accounts ofRepublic Bancorp, Inc. and its wholly owned subsidiary, Republic Bank & Trust Company. As used in this report, theterms “Republic,” the “Company,” “we,” “our,” and “us” refer to Republic Bancorp, Inc. and, where the contextrequires, Republic Bancorp, Inc. and its subsidiary. The term the “Bank” refers to the Company’s subsidiary bank,Republic Bank & Trust Company, as well as its wholly owned subsidiary, RBT Insurance Agency LLC. All significantintercompany balances and transactions are eliminated in consolidation. Republic is an FHC headquartered in Louisville, Kentucky, which is the most populous city in Kentucky. The Bank isa Kentucky-based, state-chartered non-member financial institution that provides both traditional and non-traditionalbanking products and services through five reportable segments using a multitude of delivery channels. While theBank operates primarily in its geographical market footprint where it has physical locations, its non-brick-and-mortardelivery channels allow it to reach clients across the U.S. The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP forinterim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly,the financial statements do not include all the information and footnotes required by U.S. GAAP for complete financialstatements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considerednecessary for fair presentation have been included. Operating results for the three months ended March31,2026 arenot necessarily indicative of the results that may be expected for the full year ending December31,2026. For furtherinformation, refer to the consolidated financial statements and footnotes thereto included in Republic’s