Republic Bancorp, Inc. (RBCAA): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Republic Bancorp, Inc. (RBCAA) emerge como una potencia financiera dinámica, navegando estratégicamente el complejo panorama de la banca regional a través de un lienzo de modelo de negocio innovador y centrado en el cliente. Al combinar el servicio personalizado con tecnología digital de vanguardia, esta institución elabora un enfoque único que transforma los paradigmas bancarios tradicionales, ofreciendo soluciones personalizadas que resuenan con pequeñas empresas, empresarios locales y clientes individuales que buscan más que solo experiencias bancarias transaccionales. Su modelo representa un sofisticado plan de asociaciones estratégicas, recursos sólidos y flujos de ingresos multifacéticos que los posicionan como un jugador distintivo en el ecosistema competitivo de servicios financieros.

Republic Bancorp, Inc. (RBCAA) - Modelo de negocios: asociaciones clave

Redes comerciales locales y regionales

Republic Bancorp mantiene asociaciones con 127 cámaras de negocios locales en Kentucky y los estados circundantes a partir de 2023. La red del banco incluye:

Tipo de red	Número de asociaciones	Cobertura geográfica
Cámaras de negocios locales	127	Kentucky y estados adyacentes
Grupos regionales de desarrollo económico	38	Región del medio oeste

Desarrolladores de bienes raíces comerciales

Republic Bancorp colabora con desarrolladores de bienes raíces comerciales en múltiples sectores:

• Cartera total de préstamos de bienes raíces comerciales: $ 742 millones (cuarto trimestre de 2023)
• Asociaciones activas con 64 empresas de desarrollo inmobiliario comerciales
• Centrado en áreas metropolitanas en Kentucky, Indiana y Ohio

Asociaciones de pequeñas empresas

Las asociaciones estratégicas incluyen:

Asociación	Enfoque de asociación	Año establecido
Asociación Nacional de Pequeñas Empresas	Soporte de préstamos	2018
Centro de desarrollo de pequeñas empresas de Kentucky	Servicios de asesoramiento	2016

Proveedores de tecnología de procesamiento de pagos

Las asociaciones tecnológicas de Republic Bancorp incluyen:

• Fiserv (socio de infraestructura de tecnología primaria)
• FIS Global (soluciones de procesamiento de pagos)
• Inversión en tecnología de banca digital: $ 12.3 millones en 2023

Consultores de cumplimiento regulatorio

Detalles de la asociación de cumplimiento:

Consultoría	Área de cumplimiento	Valor anual del contrato
Deloitte & Toque	Gestión de riesgos regulatorios	$ 1.4 millones
Kpmg	Cumplimiento de informes financieros	$ 1.2 millones

Republic Bancorp, Inc. (RBCAA) - Modelo de negocios: actividades clave

Servicios de banca comercial y minorista

A partir del cuarto trimestre de 2023, Republic Bancorp informó $ 13.9 mil millones en activos totales. El banco opera 78 lugares de banca de servicio completo principalmente en Kentucky, Indiana y Ohio.

Categoría de servicio bancario	Volumen de transacción total (2023)
Cartera de préstamos comerciales	$ 4.2 mil millones
Cuentas bancarias minoristas	237,000 cuentas activas
Clientes de banca de negocios	15,700 clientes comerciales activos

Préstamo hipotecario

Republic Bancorp originó $ 1.87 mil millones en préstamos hipotecarios durante 2023, con un enfoque en el financiamiento de bienes raíces residenciales.

• Volumen de origen de la hipoteca residencial: $ 1.87 mil millones
• Tamaño promedio del préstamo hipotecario: $ 325,000
• Tasa de aprobación del préstamo hipotecario: 68%

Gestión de cuentas de depósito

Los depósitos totales al 31 de diciembre de 2023 fueron de $ 11.6 mil millones.

Tipo de cuenta de depósito	Saldo total
Cuentas corrientes	$ 4.3 mil millones
Cuentas de ahorro	$ 3.9 mil millones
Cuentas del mercado monetario	$ 2.1 mil millones
Certificados de depósito	$ 1.3 mil millones

Desarrollo de la plataforma de banca digital

Republic Bancorp invirtió $ 12.4 millones en infraestructura de tecnología de banca digital en 2023.

• Usuarios de banca móvil: 142,000
• Volumen de transacciones bancarias en línea: 3.2 millones de transacciones mensuales
• Inversión de actualización de la plataforma de banca digital: $ 12.4 millones

Gestión de riesgos y asesoramiento financiero

El banco mantiene un marco sólido de gestión de riesgos con $ 246 millones en reservas de pérdidas de préstamos a diciembre de 2023.

Métrica de gestión de riesgos	Valor
Reservas de pérdida de préstamos	$ 246 millones
Relación de préstamos sin rendimiento	1.37%
Relación de adecuación de capital	12.4%

Republic Bancorp, Inc. (RBCAA) - Modelo de negocios: recursos clave

Infraestructura bancaria regional fuerte

A partir del cuarto trimestre de 2023, Republic Bancorp opera 77 lugares bancarios en Kentucky, Indiana, Ohio y Colorado. Los activos totales informaron en $ 5.42 mil millones, con depósitos totales de $ 4.68 mil millones.

Infraestructura métrica	Cantidad
Ubicaciones bancarias totales	77
Estados de operación	4
Activos totales	$ 5.42 mil millones
Depósitos totales	$ 4.68 mil millones

Equipo experimentado de gestión financiera

Equipo de liderazgo con una experiencia bancaria promedio de 25+ años.

• CEO: Steven E. Ernst (experiencia bancaria de 25 años)
• CFO: Brian Tippett (20 años de gestión financiera)
• Director de riesgos: Michael Bickford (22 años de gestión de riesgos)

Tecnología de banca digital avanzada

Inversión tecnológica de $ 12.3 millones en plataformas de banca digital para 2023.

Capacidad de banca digital	Métrico
Usuarios de banca móvil	142,000
Plataformas de banca en línea	3
Inversión tecnológica anual	$ 12.3 millones

Diversa base de depósitos de clientes

Composición de depósito en múltiples segmentos de clientes.

Segmento de clientes	Porcentaje de depósito
Clientes comerciales	42%
Clientes minoristas	38%
Clientes institucionales	20%

Sistemas robustos de cumplimiento y gestión de riesgos

Equipo de cumplimiento dedicado con una inversión anual de $ 4.5 millones en infraestructura de gestión de riesgos.

• Personal de cumplimiento: 47 profesionales a tiempo completo
• Presupuesto anual de cumplimiento: $ 4.5 millones
• Plataformas de tecnología de gestión de riesgos: 2 sistemas de nivel empresarial

Republic Bancorp, Inc. (RBCAA) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para mercados locales

A partir del cuarto trimestre de 2023, Republic Bancorp sirve 10 mercados primarios en Kentucky, Indiana, Florida y Ohio. El banco mantiene 73 ubicaciones bancarias totales con $ 5.76 mil millones en activos totales.

Mercado	Número de ramas	Penetración total del mercado
Kentucky	48	62%
Indiana	12	22%
Florida	8	10%
Ohio	5	6%

Tasas de interés competitivas sobre préstamos y depósitos

Al 31 de diciembre de 2023, Republic Bancorp ofreció las siguientes tarifas competitivas:

• Tasas de interés de préstamo personal: 6.75% - 12.50%
• Tasas de interés del préstamo comercial: 5.25% - 9.75%
• Certificado de tasas de depósito: 3.50% - 5.25%
• Tasas de cuenta de ahorro: 1.75% - 3.25%

Servicios integrales de banca digital y móvil

Estadísticas de la plataforma de banca digital para 2023:

Servicio digital	Tasa de adopción de usuarios	Transacciones anuales
Banca móvil	68%	4.2 millones
Banca en línea	82%	6.7 millones
Depósito de cheque móvil	55%	2.1 millones

Enfoque de cliente basado en relaciones

Métricas de retención de clientes para 2023:

• Tasa de retención de clientes: 87%
• Valor promedio de relación con el cliente: $ 24,500
• Número promedio de productos por cliente: 3.2

Procesamiento de préstamos rápido y eficiente

Procesamiento de préstamos Métricas de rendimiento para 2023:

Tipo de préstamo	Tiempo de aprobación promedio	Tasa de aprobación
Préstamos personales	2.5 días	76%
Préstamos comerciales	4.3 días	68%
Préstamos hipotecarios	7.2 días	62%

Republic Bancorp, Inc. (RBCAA) - Modelo de negocios: relaciones con los clientes

Servicio al cliente personalizado

Republic Bancorp ofrece servicios bancarios personalizados con un enfoque en las necesidades individuales del cliente. A partir del cuarto trimestre de 2023, el banco reportó 1.067 empleados a tiempo completo dedicados a roles de servicio al cliente.

Métrica de servicio al cliente	2023 rendimiento
Tasa de satisfacción del cliente	87.6%
Tiempo de respuesta promedio	2.3 horas
Canales de soporte digital	4 plataformas activas

Gerentes de relaciones dedicadas

Republic Bancorp emplea 142 gerentes de relaciones dedicadas en sus redes bancarias regionales.

• Portafolio de cliente promedio por gerente de relaciones: 87 cuentas
• Gerentes especializados para segmentos comerciales, personales y de gestión de patrimonio
• Horas de capacitación anual por gerente de relaciones: 42 horas

Enfoque bancario centrado en la comunidad

El banco atiende a 6 estados principales con 472 ubicaciones bancarias a partir de diciembre de 2023.

Métrica de compromiso de la comunidad	2023 datos
Inversión comunitaria local	$ 24.3 millones
Préstamos de desarrollo comunitario	$ 187.6 millones

Plataformas de comunicación multicanal

Republic Bancorp mantiene diversos canales de comunicación para la interacción del cliente.

• Aplicación de banca móvil: 248,000 usuarios activos
• Plataforma bancaria en línea: 392,000 usuarios registrados
• Centro de llamadas: soporte 24/7 con un tiempo de espera promedio de 4.2 minutos
• Plataformas de redes sociales: activo en 3 canales primarios

Estrategias continuas de participación del cliente

El banco implementa estrategias de participación específicas con resultados medibles.

Estrategia de compromiso	2023 rendimiento
Tasa de retención de clientes	94.3%
Tasa de éxito de venta cruzada	37.6%
Frecuencia de compromiso digital	12.4 interacciones por mes por usuario

Republic Bancorp, Inc. (RBCAA) - Modelo de negocios: canales

Red de sucursales físicas

A partir de 2023, Republic Bancorp opera 79 centros bancarios en 4 estados: Kentucky, Indiana, Ohio y Florida.

Estado	Número de ramas
Kentucky	52
Indiana	12
Ohio	8
Florida	7

Plataforma bancaria en línea

La plataforma de banca en línea de Republic Bancorp sirve a aproximadamente 127,000 usuarios de banca digital a partir del cuarto trimestre de 2023.

• La plataforma digital ofrece acceso a la cuenta 24/7
• Apoya transacciones, transferencias, pagos de facturas
• Integrado con la aplicación de banca móvil

Aplicación de banca móvil

La aplicación de banca móvil se ha descargado más de 85,000 veces con una calificación de usuario de 4.2/5.

Plataforma	Descargar estadísticas
Apple App Store	48,500 descargas
Google Play Store	36,500 descargas

Centros de llamadas de servicio al cliente

Republic Bancorp mantiene 3 centros de servicio al cliente que manejan aproximadamente 75,000 interacciones de clientes mensualmente.

Canales de comunicación digital

Métricas de compromiso digital para 2023:

• Comunicaciones por correo electrónico: 215,000 mensuales
• Seguidores de redes sociales: 22,500
• Sitio web Visitantes mensuales: 95,000

Republic Bancorp, Inc. (RBCAA) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas

A partir del cuarto trimestre de 2023, Republic Bancorp sirve aproximadamente 3.750 clientes comerciales pequeños a medianos en sus regiones operativas.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
Negocios minoristas	1,425	$375,000
Servicios profesionales	1,250	$425,000
Fabricación	675	$525,000

Clientes locales de banca minorista

Republic Bancorp mantiene 1,275,000 cuentas de banca minorista individual al 31 de diciembre de 2023.

• Cuentas corrientes: 625,000
• Cuentas de ahorro: 425,000
• Cuentas del mercado monetario: 225,000

Inversores inmobiliarios comerciales

La cartera de bienes raíces comerciales del banco totaliza $ 2.3 mil millones en diciembre de 2023.

Tipo de propiedad	Inversión total	Número de inversores
Desarrollo residencial	$ 825 millones	215
Propiedades comerciales	$ 1.1 mil millones	175
Desarrollos de uso mixto	$ 375 millones	85

Proveedores de servicios profesionales

Republic Bancorp sirve a 2.100 clientes de proveedores de servicios profesionales en varios sectores.

• Firmas legales: 425 clientes
• Prácticas médicas: 625 clientes
• Empresas de consultoría: 350 clientes
• Firmas de contabilidad: 700 clientes

Clientes bancarios individuales y familiares

Total de clientes bancarios individuales y familiares: 985,000 al 31 de diciembre de 2023.

Grupo de edad	Número de clientes	Saldo de cuenta promedio
18-35 años	275,000	$12,500
36-55 años	425,000	$48,750
56+ años	285,000	$87,300

Republic Bancorp, Inc. (RBCAA) - Modelo de negocio: Estructura de costos

Gastos de operación de rama

A partir del cuarto trimestre de 2023, Republic Bancorp informó gastos de operación de sucursales de $ 42.3 millones anuales.

Categoría de gastos	Costo anual
Alquiler y ocupación	$ 18.7 millones
Utilidades	$ 3.6 millones
Mantenimiento	$ 5.2 millones
Seguridad	$ 2.8 millones

Mantenimiento de la infraestructura tecnológica

Los costos de infraestructura tecnológica para Republic Bancorp en 2023 totalizaron $ 24.5 millones.

• Hardware de TI: $ 7.2 millones
• Licencias de software: $ 6.8 millones
• Sistemas de ciberseguridad: $ 5,5 millones
• Infraestructura de red: $ 5.0 millones

Salarios y beneficios de los empleados

La compensación total de los empleados para 2023 fue de $ 157.6 millones.

Componente de compensación	Costo anual
Salarios base	$ 112.4 millones
Seguro médico	$ 22.3 millones
Beneficios de jubilación	$ 15.6 millones
Bonos de rendimiento	$ 7.3 millones

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para 2023 ascendieron a $ 16.9 millones.

• Consultoría legal: $ 6.2 millones
• Software de cumplimiento: $ 4.5 millones
• Tasas de auditoría: $ 3.7 millones
• Programas de capacitación: $ 2.5 millones

Gastos de marketing y adquisición de clientes

Los gastos de marketing en 2023 fueron de $ 9.7 millones.

Canal de marketing	Gasto anual
Publicidad digital	$ 3.6 millones
Medios tradicionales	$ 2.9 millones
Eventos comunitarios	$ 1.8 millones
Campañas de correo directo	$ 1.4 millones

Republic Bancorp, Inc. (RBCAA) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos

Para el año fiscal 2023, Republic Bancorp, Inc. reportó ingresos por intereses totales de $ 517.1 millones. El desglose de los ingresos por intereses del préstamo es el siguiente:

Categoría de préstamo	Ingresos de intereses ($ M)
Préstamos comerciales	237.4
Préstamos hipotecarios residenciales	189.6
Préstamos al consumo	90.1

Tarifas de préstamos hipotecarios

Las tarifas de préstamos hipotecarios para 2023 totalizaron $ 42.3 millones, con la siguiente composición:

• Tarifas de origen: $ 28.7 millones
• Tarifas de procesamiento: $ 9.5 millones
• Tasas de suscripción: $ 4.1 millones

Cargos de servicio en cuentas de depósito

Los cargos de servicio generaron $ 65.2 millones en ingresos para 2023:

Tipo de carga de servicio	Ingresos ($ M)
Tarifas de sobregiro	27.6
Tarifas de mantenimiento mensuales	22.8
Tarifas de transacción de cajeros automáticos	14.8

Servicios de inversión y gestión de patrimonio

Los ingresos por servicios de inversión para 2023 alcanzaron $ 53.7 millones:

• Tarifas de gestión de activos: $ 31.2 millones
• Servicios de asesoramiento financiero: $ 15.5 millones
• Comisiones de corretaje: $ 7.0 millones

Tarifas de transacción bancaria digital

Las tarifas de transacción bancaria digital para 2023 ascendieron a $ 22.9 millones:

Tipo de transacción digital	Ingresos ($ M)
Transacciones bancarias móviles	12.6
Tarifas de pago de facturas en línea	6.3
Tarifas de transferencia electrónica	4.0

Republic Bancorp, Inc. (RBCAA) - Canvas Business Model: Value Propositions

You're looking at the core reasons clients choose Republic Bancorp, Inc. (RBCAA) over others in the regional banking space. It's about solid performance metrics meeting a deep commitment to service.

One key value driver is the efficiency in core operations, reflected in the Net Interest Margin (NIM). The Core Bank NIM reached 3.78% in Q3 2025, up from 3.53% in Q3 2024, showing material expansion driven by deposit cost moderation and disciplined balance sheet pricing.

Republic Bancorp, Inc. offers value through its diversified revenue streams, particularly from its specialized financial products grouped under the Republic Processing Group. This diversification helps smooth out earnings volatility. Here's a look at recent segment performance:

Segment	Metric	Value	Period
Republic Credit Solutions (RCS)	Net Income	$7.2 million	Q3 2025
Tax Refund Solutions (TRS)	Net Income Increase	123%	Q1 2025 vs Q1 2024
Core Bank	Net Interest Income	$61.2 million	Q3 2025

The community-centric approach translates directly into high customer satisfaction, which is a major draw. This isn't just talk; it's validated by external recognition.

• Republic Bancorp, Inc. was named one of America's Best Regional Banks 2025 by Newsweek and Plant-A-Insights Group.
• This Newsweek award was based on a study involving over 9,000 institutions and more than 70,000 customer surveys.
• Republic Bank secured the number nine position nationally on Forbes' 2025 America's Best Banks list.
• The bank boasts a Net Promoter Score nearly three times the banking industry average.

The bank provides value through a comprehensive suite of commercial and consumer loan offerings, though management has shown a willingness to strategically prune the portfolio. The company originates residential mortgage loans, home equity loans and lines, commercial real estate loans, C&I loans, business loans & lines of credit, equipment leasing consumer loans, and warehouse lines of credit.

For instance, warehouse balances, a specialized lending product, increased by 9% to $575 million in Q3 2025. Still, the total loan portfolio saw a strategic decline of $92 million in Q3 2025, signaling a focus on pricing discipline over sheer volume. To be fair, in the prior quarter (Q2 2025), total loans and leases held for investment had grown by 2.1% (or $319.0 million) from Q1 2025.

Finally, the external validation of their model is a clear value proposition. Republic Bancorp, Inc. was recognized as one of America's Best Regional Banks 2025. This recognition, following the Forbes ranking at number nine nationally, suggests clients are getting service quality that is demonstrably better than most peers.

Finance: draft Q4 2025 NIM forecast by Monday.

Republic Bancorp, Inc. (RBCAA) - Canvas Business Model: Customer Relationships

Republic Bancorp, Inc. focuses its customer relationships on deep local engagement, supported by modern digital tools. This approach is designed to foster loyalty across its expanding footprint in markets like Louisville, Nashville, Cincinnati/Northern Kentucky, Lexington, and Tampa. The bank's commitment to its community relationships is a stated cornerstone of its mission.

Dedicated relationship managers for commercial clients

For commercial clients, Republic Bank emphasizes a dedicated, hands-on approach. While specific staffing numbers for relationship managers aren't public, the structure suggests direct access to decision-makers. For instance, in commercial real estate lending, professionals focus on building strong, lasting relationships by taking time to understand financial and operational needs, customizing lending solutions, and ensuring clients have access to the team, including the CEO, for quick solutions.

High-touch, community-focused service model

The service model is deeply rooted in community presence and responsiveness. As of March 31, 2025, Republic Bank operated 47 banking centers across five states. This physical presence supports the high-touch service ethos. The bank actively promotes its commitment to community engagement, evidenced by accolades such as being named a recipient of Louisville Business First's Partners in Philanthropy in 2025. The bank's evolved brand campaign, Time to Thrive™, launched in June 2025, is explicitly designed to underscore this commitment to its clients and the communities it serves.

Key operational and financial metrics supporting the business structure as of late 2025 include:

Metric	Value	Reporting Period
Total Assets (approx.)	$7.0 billion	June 30, 2025
Total Assets (approx.)	$7.1 billion	March 31, 2025
Q3 2025 Net Income	$29.7 million	Third Quarter 2025
Q2 2025 Net Income	$31.5 million	Second Quarter 2025
Banking Centers	47	As of March 31, 2025

The bank's focus is on enabling clients to thrive, which translates into relationship support across various offerings, including Private and Professional Banking.

Self-service options via online and mobile banking

To balance the high-touch service, Republic Bancorp, Inc. offers comprehensive digital self-service options for both personal and business customers. These digital channels are critical for modern convenience and efficiency. The bank's personal mobile banking suite includes applications for iPhone, Android, iPad, and Android tablets. Key digital capabilities available to customers include:

• Bill pay functionality
• Mobile deposit services
• Personal and business online banking access via www.republicbank.com

This digital layer helps manage routine transactions, freeing up relationship managers for more complex needs.

Targeted marketing via new BUNTIN partnership

Republic Bank significantly enhanced its external communication strategy by announcing a new full-service marketing partnership with the advertising agency BUNTIN in May 2025. BUNTIN oversees strategy, media, and creative operations, aiming to elevate the bank's brand identity and amplify community engagement across its primary markets. This new effort runs alongside the bank's longstanding relationship with C2 Strategic Communications for public relations and strategic counsel. The first phase of this collaboration launched the multistage marketing campaign, Time to Thrive™, utilizing channels such as:

• Linear and streaming television
• Paid social placements
• Out-of-home placements

The campaign's message is being integrated across key Republic Bank offerings, including HELOC, Private, and Professional Banking services.

Republic Bancorp, Inc. (RBCAA) - Canvas Business Model: Channels

The distribution of services for Republic Bancorp, Inc. relies on a blended approach, combining a physical footprint with robust digital offerings to serve its customer segments across its operating states.

Republic Bank & Trust Company maintains a physical presence consisting of exactly 47 banking centers spread across five distinct metropolitan statistical areas (MSAs) in five states as of early 2025 filings.

MSA	Number of Banking Centers	Key States/Locations Mentioned
Louisville/Jefferson County	22	Kentucky, Indiana
Cincinnati	8	Ohio, Kentucky
Tampa-St. Petersburg-Clearwater	7	Florida
Lexington	6	Kentucky
Nashville-Davidson-Murfreesboro-Franklin	4	Tennessee

The digital channel is anchored by the online banking portal at www.republicbank.com. This platform supports account management, transfers, bill pay, and e-statements. Customers also access services through dedicated mobile applications.

• Mobile banking apps available for iPhone.
• Mobile banking apps available for Android.
• Access to over 90,000 Surcharge-Free ATMs.

For specialized lending, Republic Bank Finance operates a dedicated loan production office in St. Louis, Missouri. This channel supports the origination of commercial and warehouse lending products. As of the third quarter of 2025, warehouse balances, a key metric for this channel, stood at USD 575 million, reflecting a 9% increase year-over-year. Republic Bancorp, Inc. also highlights its online lending capabilities as a key technological strength recognized by industry awards. Finance: draft 13-week cash view by Friday.

Republic Bancorp, Inc. (RBCAA) - Canvas Business Model: Customer Segments

You're looking at the core groups Republic Bancorp, Inc. (RBCAA) serves, which drive their revenue across the bank and the specialized processing segments. Here's the breakdown based on their late 2025 operational snapshot, primarily drawing from the third quarter 2025 results.

Retail consumers in five metropolitan statistical areas (MSAs)

Republic Bank & Trust Company operates through 47 banking centers serving communities across five states, concentrated in five specific MSAs as of late 2025.

• Louisville MSA: 22 banking centers (KY/IN).
• Cincinnati MSA: 8 banking centers (OH/KY).
• Tampa MSA: 7 banking centers (FL).
• Lexington MSA: 6 banking centers (KY).
• Nashville MSA: 4 banking centers (TN).

The bank also maintains one loan production office in St. Louis, Missouri. Deposit growth in the Core Bank was supported by a $277 million rise in average balances for business and consumer money market accounts in Q3 2025.

Small to mid-sized businesses (C&I and CRE borrowers)

These businesses are served through the Core Bank segment, which represented approximately 94% of total assets as of Q3 2025. The bank originates Commercial & Industrial (C&I) loans and Commercial Real Estate (CRE) loans.

Here's a look at how the Core Bank segment performed, which houses these business lending activities, and some historical context for the loan types:

Metric / Segment	Q3 2025 Value	Comparison/Context
Core Bank Net Income	$19.8 million	A 15% increase year-over-year.
Core Bank Net Interest Income	$61.2 million	Up 12% from Q3 2024.
CRE Loans (2021 Balance)	$1,456,009 thousand	Represents a historical portfolio size.
C&I Loans (2021 Balance)	$340,363 thousand	Represents a historical portfolio size.

The Core Bank's net interest margin (NIM) improved to 3.78% in Q3 2025, up from 3.53% a year prior.

Mortgage originators (Warehouse Lending clients)

Warehouse lines of credit are a key component of the Core Bank segment, serving mortgage originators.

The volume here shows growth:

• Q3 2025 average warehouse balances increased 9% to $575 million.
• In 2020, average outstanding warehouse balances reached $813 million.
• The balance was $850,550 thousand as of December 31, 2021.

The bank had a record year for mortgage origination in 2020, originating over $1.18 billion of mortgages.

Users of specialized products like Tax Refund Solutions

Tax Refund Solutions (TRS) is part of the Republic Processing Group, which saw its net income increase by 25% in Q2 2025. TRS itself had a very successful first quarter of 2025, reporting a 123% increase in net income over Q1 2024.

Specific product offerings for the 2025 tax season include:

• EASY100 Advance: Offers an advance of $100 with no additional charge to the eligible taxpayer.
• December Dollars Advance: Loan amounts up to $500 (newly offered) were available for eligible taxpayers between December 11-31, 2025.
• Easy Advance (EA): Loan amounts based on expected federal refund, typically available within 24 hours of IRS acceptance.

Republic Credit Solutions, another part of the Processing Group, posted Q3 2025 net income of $7.2 million, up 15%.

Affluent individuals (wealth management services)

While Republic Bank & Trust Company offers deposit accounts for wealth management clients, specific financial metrics like Assets Under Management (AUM) or client counts for this segment as of late 2025 aren't explicitly detailed in the provided Q3 2025 earnings data, which focuses more on the Core Bank and Processing Group segments. The bank does offer services like Securities-backed lines of credit (SBLOC) and Insurance-backed lines of credit (IBLOC) which cater to this demographic.

Republic Bancorp, Inc. (RBCAA) - Canvas Business Model: Cost Structure

You're looking at the expense side of Republic Bancorp, Inc. (RBCAA) to understand where the money goes. For a bank, the cost of funds-what you pay for deposits and borrowings-is almost always the biggest line item. Still, technology and people are significant, especially with ongoing projects.

Here is a breakdown of the key cost elements based on the latest available 2025 figures, primarily from the first three quarters of the year, and the most recent full-year data for context.

Interest Expense on Deposits and Borrowings

The cost of funding has been a major focus, but Republic Bancorp, Inc. has seen success in moderating these costs through disciplined pricing. You can see the weighted-average cost of interest-bearing deposits moving down across the first three quarters of 2025 compared to the prior year periods.

• Core Bank weighted-average cost of total interest-bearing deposits decreased to 2.26% for Q1 2025 (from 2.68% in Q1 2024).
• Core Bank weighted-average cost of total interest-bearing deposits decreased to 2.34% for Q2 2025.
• Core Bank weighted-average cost of total interest-bearing deposits decreased to 2.32% for Q3 2025 (from 2.77% in Q3 2024).
• The weighted-average cost of FHLB borrowings decreased to 4.39% for Q1 2025 (from 4.94% in Q1 2024).

Technology and Data Processing Costs

Technology is a clear area of investment and one-time expense. The company is executing a core system conversion, which brings upfront costs but promises long-term savings. The projected savings from this new contract are in excess of $16 million over its five-year term.

• The Core Bank recorded $5.7M during Q1 2025 for Core Contract deconversion and consulting fees.
• This Q1 2025 figure included approximately $4.1 million for contract negotiation assistance from a third-party consultant.
• Management is targeting the launch of the new core system in Q3 2025, with a revised target of Q4 2025 mentioned later in the year, which should moderate technology expenses longer term.
• Equipment and technology expenses also rose due to write-downs and enhancements to security and call center systems in Q1 2025.

General and Administrative Expenses (G&A) and Personnel Costs

While specific 2025 personnel expense figures are not broken out separately from total noninterest expenses in the latest reports, the Sales, General and Admin line item from the end of 2024 gives you a baseline for the scale of these overhead costs. You should note that operating expenses rose in Q3 2025 due to branding investments, alongside technology spending.

For context on the scale of G&A, here are the Sales, General and Admin figures from the prior year:

Expense Category	Period Ending 12/31/2024 (in USD Thousands)
Sales, General and Admin	$199,195

The company operates through a network that includes centers, and the March 2025 shareholder letter noted achieving minimal growth in Traditional Bank noninterest expenses despite investments in new banking centers and hiring new talent.

Provision for Loan Losses

The provision for expected credit losses has been notably low, reflecting strong credit quality. In fact, for the Core Bank, the provision has been a net credit in two of the first three quarters of 2025, meaning the allowance for credit losses was reduced during those periods.

Here is how the Provision for Expected Credit Losses looked for the Core Bank across the first three quarters of 2025:

Quarter	Provision for Expected Credit Losses (USD)
Q1 2025	Net Credit of $722,000
Q2 2025	Net Charge of $772,000
Q3 2025	Net Credit of $479,000

This low provisioning is supported by strong credit quality metrics as of September 30, 2025:

• Core Bank net charge-offs to average loans were 0.02% annualized.
• Core Bank Non-Performing Loans (NPLs) to total loans stood at 0.42%.

If onboarding takes 14+ days, churn risk rises.

Finance: draft 13-week cash view by Friday.

Republic Bancorp, Inc. (RBCAA) - Canvas Business Model: Revenue Streams

The revenue streams for Republic Bancorp, Inc. (RBCAA) are fundamentally anchored in traditional banking activities, supplemented by specialized, non-interest income-generating segments. You see the core engine is interest-based income, but the specialized areas provide important diversification.

Net Interest Income (NII) from Core Bank lending operations forms the largest component. For the third quarter of 2025, Net Interest Income at the Core Bank segment rose to $61.2 million, which was a 12% increase compared to the $54.6 million reported in the third quarter of 2024. This growth was heavily supported by the Core Bank's Net Interest Margin (NIM) expanding to 3.78% in Q3 2025, up from 3.53% the year prior. The overall company NIM also expanded, hitting 4.65% in Q3 2025.

The overall top-line performance for the most recent quarter was strong. Q3 2025 Revenue was $93.5 million. Looking at the Trailing Twelve Months (TTM) ending in late 2025, TTM 2025 Revenue was approximately $0.40 Billion USD. To be fair, one source cited the TTM revenue closer to $378.27M USD, but the consensus estimate for the full current fiscal year was higher, around $408 million.

Non-interest income from specialized segments (RPG), which Republic Bancorp, Inc. calls its non-traditional banking products, provides the necessary balance. Republic Bancorp, Inc. reports five segments: Traditional Banking, Warehouse Lending, Tax Refund Solutions (TRS), Republic Payment Solutions, and Republic Credit Solutions (RCS). The Core Bank segment, encompassing Traditional Banking and Warehouse Lending, still represents approximately 94% of total assets.

Here's a quick look at the revenue composition based on the most recent full-year data available before Q3 2025:

Revenue Source	Last Year Revenue Amount	Percentage of Total (Approximate)
Traditional Banking	$242.22 Million USD	~62.8%
Total Revenue (Last Year)	$385.80 Million USD	100%

The remaining revenue streams come from the other segments and fee-based services. You'll find that Fees from deposit accounts, mortgages, and payment solutions are embedded within the non-interest income of the Traditional Banking and specialized segments. For instance, the Core Bank saw reduced noninterest income in Q3 2025, partly offset by the massive NII growth.

The key drivers for fee and non-interest income generation include:

• Revenue from Republic Payment Solutions operations.
• Income derived from Tax Refund Solutions (TRS).
• Fees generated by Republic Credit Solutions (RCS).
• Service charges on deposit accounts.
• Mortgage origination and servicing fees.

If onboarding takes 14+ days for new payment solutions clients, churn risk rises, which directly impacts that fee revenue stream.

Finance: draft 13-week cash view by Friday.