Republic Bancorp, Inc. (RBCAA): Modelo de Negócios Canvas [Jan-2025 Atualizado]

A Republic Bancorp, Inc. (RBCAA) emerge como uma potência financeira dinâmica, navegando estrategicamente no cenário complexo do banco regional por meio de uma tela inovadora e centrada em negócios. Ao misturar um serviço personalizado com a tecnologia digital de ponta, essa instituição cria uma abordagem única que transforma os paradigmas bancários tradicionais, oferecendo soluções personalizadas que ressoam com pequenas empresas, empreendedores locais e clientes individuais que buscam mais do que apenas experiências bancárias transacionais. Seu modelo representa um projeto sofisticado de parcerias estratégicas, recursos robustos e fluxos de receita multifacetados que os posicionam como um participante distinto no ecossistema competitivo de serviços financeiros.

Republic Bancorp, Inc. (RBCAA) - Modelo de negócios: Parcerias -chave

Redes de negócios locais e regionais

A Republic Bancorp mantém parcerias com 127 câmaras de negócios locais em Kentucky e estados vizinhos a partir de 2023. A rede do banco inclui:

Tipo de rede	Número de parcerias	Cobertura geográfica
Câmaras de negócios locais	127	Kentucky e estados adjacentes
Grupos de desenvolvimento econômico regional	38	Região do meio -oeste

Promotores imobiliários comerciais

A Republic Bancorp colabora com promotores imobiliários comerciais em vários setores:

• Portfólio de empréstimos imobiliários comerciais totais: US $ 742 milhões (quarto trimestre 2023)
• Parcerias ativas com 64 empresas comerciais de desenvolvimento imobiliário
• Focado nas áreas metropolitanas em Kentucky, Indiana e Ohio

Associações de pequenas empresas

Parcerias estratégicas incluem:

Associação	Foco em parceria	Ano estabelecido
Associação Nacional de Pequenas Empresas	Suporte de empréstimo	2018
Kentucky Small Business Development Center	Serviços de consultoria	2016

Provedores de tecnologia de processamento de pagamento

As parcerias tecnológicas da Republic Bancorp incluem:

• Fiserv (parceiro de infraestrutura de tecnologia primária)
• FIS Global (Soluções de Processamento de Pagamentos)
• Investimento em tecnologia bancária digital: US $ 12,3 milhões em 2023

Consultores de conformidade regulatória

Detalhes da parceria de conformidade:

Empresa de consultoria	Área de conformidade	Valor anual do contrato
Deloitte & Touche	Gerenciamento de riscos regulatórios	US $ 1,4 milhão
Kpmg	Conformidade com relatórios financeiros	US $ 1,2 milhão

Republic Bancorp, Inc. (RBCAA) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e de varejo

A partir do quarto trimestre de 2023, a Republic Bancorp registrou US $ 13,9 bilhões em ativos totais. O banco opera 78 locais bancários de serviço completo principalmente em Kentucky, Indiana e Ohio.

Categoria de serviço bancário	Volume total de transações (2023)
Portfólio de empréstimos comerciais	US $ 4,2 bilhões
Contas bancárias de varejo	237.000 contas ativas
Clientes bancários de negócios	15.700 clientes comerciais ativos

Empréstimos hipotecários

A Republic Bancorp se originou de US $ 1,87 bilhão em empréstimos hipotecários durante 2023, com foco no financiamento imobiliário residencial.

• Volume de originação residencial da hipoteca: US $ 1,87 bilhão
• Tamanho médio do empréstimo hipotecário: US $ 325.000
• Taxa de aprovação do empréstimo hipotecário: 68%

Gerenciamento de conta de depósito

Os depósitos totais em 31 de dezembro de 2023 foram de US $ 11,6 bilhões.

Tipo de conta de depósito	Balanço total
Contas de verificação	US $ 4,3 bilhões
Contas de poupança	US $ 3,9 bilhões
Contas do mercado monetário	US $ 2,1 bilhões
Certificados de depósito	US $ 1,3 bilhão

Desenvolvimento da plataforma bancária digital

A Republic Bancorp investiu US $ 12,4 milhões em infraestrutura de tecnologia bancária digital em 2023.

• Usuários bancários móveis: 142.000
• Volume de transação bancária online: 3,2 milhões de transações mensais
• Investimento de atualização da plataforma bancária digital: US $ 12,4 milhões

Gerenciamento de riscos e consultoria financeira

O banco mantém uma estrutura robusta de gerenciamento de riscos, com US $ 246 milhões em reservas de perda de empréstimos em dezembro de 2023.

Métrica de gerenciamento de riscos	Valor
Reservas de perda de empréstimos	US $ 246 milhões
Razão de empréstimos não-desempenho	1.37%
Índice de adequação de capital	12.4%

Republic Bancorp, Inc. (RBCAA) - Modelo de negócios: Recursos -chave

Forte infraestrutura bancária regional

A partir do quarto trimestre de 2023, a Republic Bancorp opera 77 locais bancários em Kentucky, Indiana, Ohio e Colorado. Total de ativos relatados em US $ 5,42 bilhões, com depósitos totais de US $ 4,68 bilhões.

Métrica de infraestrutura	Quantidade
Total de locais bancários	77
Estados de operação	4
Total de ativos	US $ 5,42 bilhões
Total de depósitos	US $ 4,68 bilhões

Equipe de gestão financeira experiente

Equipe de liderança com uma experiência bancária média de mais de 25 anos.

• CEO: Steven E. Ernst (experiência bancária de 25 anos)
• CFO: Brian Tippett (gestão financeira de 20 anos)
• Diretor de Risco: Michael Bickford (22 anos de gerenciamento de riscos)

Tecnologia Bancária Digital Avançada

Investimento tecnológico de US $ 12,3 milhões em plataformas bancárias digitais para 2023.

Capacidade bancária digital	Métrica
Usuários bancários móveis	142,000
Plataformas bancárias online	3
Investimento de tecnologia anual	US $ 12,3 milhões

Base de depósito de clientes diversificada

Composição de depósito em vários segmentos de clientes.

Segmento de clientes	Porcentagem de depósito
Clientes comerciais	42%
Clientes de varejo	38%
Clientes institucionais	20%

Sistemas robustos de conformidade e gerenciamento de riscos

Equipe de conformidade dedicada com investimento anual de US $ 4,5 milhões em infraestrutura de gerenciamento de riscos.

• Equipe de conformidade: 47 profissionais em tempo integral
• Orçamento anual de conformidade: US $ 4,5 milhões
• Plataformas de tecnologia de gerenciamento de risco: 2 sistemas de nível corporativo

Republic Bancorp, Inc. (RBCAA) - Modelo de negócios: proposições de valor

Soluções bancárias personalizadas para mercados locais

No quarto trimestre 2023, a Republic Bancorp atende 10 mercados primários em Kentucky, Indiana, Flórida e Ohio. O banco mantém 73 locais bancários totais com US $ 5,76 bilhões em ativos totais.

Mercado	Número de ramificações	Penetração total de mercado
Kentucky	48	62%
Indiana	12	22%
Flórida	8	10%
Ohio	5	6%

Taxas de juros competitivas em empréstimos e depósitos

Em 31 de dezembro de 2023, a Republic Bancorp ofereceu as seguintes taxas competitivas:

• Taxas de juros de empréstimos pessoais: 6,75% - 12,50%
• Taxas de juros de empréstimos comerciais: 5,25% - 9,75%
• Certificado de taxas de depósito: 3,50% - 5,25%
• Taxas de conta poupança: 1,75% - 3,25%

Serviços bancários digitais e móveis abrangentes

Estatísticas da plataforma bancária digital para 2023:

Serviço digital	Taxa de adoção do usuário	Transações anuais
Mobile Banking	68%	4,2 milhões
Bancos online	82%	6,7 milhões
Depósito de cheque móvel	55%	2,1 milhões

Abordagem do cliente orientada por relacionamento

Métricas de retenção de clientes para 2023:

• Taxa de retenção de clientes: 87%
• Valor médio do relacionamento do cliente: US $ 24.500
• Número médio de produtos por cliente: 3.2

Processamento de empréstimo rápido e eficiente

Métricas de desempenho de processamento de empréstimos para 2023:

Tipo de empréstimo	Tempo médio de aprovação	Taxa de aprovação
Empréstimos pessoais	2,5 dias	76%
Empréstimos comerciais	4,3 dias	68%
Empréstimos hipotecários	7,2 dias	62%

Republic Bancorp, Inc. (RBCAA) - Modelo de negócios: Relacionamentos do cliente

Atendimento ao cliente personalizado

A Republic Bancorp fornece serviços bancários personalizados, com foco nas necessidades individuais do cliente. A partir do quarto trimestre de 2023, o banco registrou 1.067 funcionários em período integral dedicados às funções de atendimento ao cliente.

Métrica de atendimento ao cliente	2023 desempenho
Taxa de satisfação do cliente	87.6%
Tempo médio de resposta	2,3 horas
Canais de suporte digital	4 plataformas ativas

Gerentes de relacionamento dedicados

A Republic Bancorp emprega 142 gerentes de relacionamento dedicados em suas redes bancárias regionais.

• Portfólio médio de clientes por gerente de relacionamento: 87 contas
• Gerentes especializados para segmentos de gerenciamento comercial, pessoal e de patrimônio líquido
• Horário anual de treinamento por gerente de relacionamento: 42 horas

Abordagem bancária focada na comunidade

O banco atende 6 estados primários com 472 locais bancários em dezembro de 2023.

Métrica de engajamento da comunidade	2023 dados
Investimento comunitário local	US $ 24,3 milhões
Empréstimos de desenvolvimento comunitário	US $ 187,6 milhões

Plataformas de comunicação multicanais

A Republic Bancorp mantém diversos canais de comunicação para a interação do cliente.

• Aplicativo bancário móvel: 248.000 usuários ativos
• Plataforma bancária online: 392.000 usuários registrados
• Call Center: Suporte 24/7 com tempo de espera média de 4,2 minutos
• Plataformas de mídia social: ativo em 3 canais principais

Estratégias contínuas de envolvimento do cliente

O banco implementa estratégias de engajamento direcionadas com resultados mensuráveis.

Estratégia de engajamento	2023 desempenho
Taxa de retenção de clientes	94.3%
Taxa de sucesso de venda cruzada	37.6%
Frequência de engajamento digital	12,4 interações por mês por usuário

Republic Bancorp, Inc. (RBCAA) - Modelo de negócios: canais

Rede de ramificação física

A partir de 2023, a Republic Bancorp opera 79 centros bancários em 4 estados: Kentucky, Indiana, Ohio e Flórida.

Estado	Número de ramificações
Kentucky	52
Indiana	12
Ohio	8
Flórida	7

Plataforma bancária online

A plataforma bancária on -line da Republic Bancorp serve aproximadamente 127.000 usuários de banco digital a partir do quarto trimestre 2023.

• A plataforma digital oferece acesso à conta 24/7
• Suporta transações, transferências, pagamentos de contas
• Integrado com aplicativo bancário móvel

Aplicativo bancário móvel

O aplicativo Banking Mobile foi baixado mais de 85.000 vezes com uma classificação de usuário de 4,2/5.

Plataforma	Baixar estatísticas
Apple App Store	48.500 Downloads
Google Play Store	36.500 Downloads

Centros de atendimento ao cliente

A Republic Bancorp mantém três centros de atendimento ao cliente que lidam com aproximadamente 75.000 interações com clientes mensalmente.

Canais de comunicação digital

Métricas de engajamento digital para 2023:

• Comunicação por e -mail: 215.000 mensais
• Seguidores de mídia social: 22.500
• Website Visitantes mensais: 95.000

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

Pequenas e médias empresas

A partir do quarto trimestre de 2023, a Republic Bancorp atende a aproximadamente 3.750 clientes comerciais pequenos e médios em suas regiões operacionais.

Segmento de negócios	Número de clientes	Tamanho médio do empréstimo
Negócios de varejo	1,425	$375,000
Serviços profissionais	1,250	$425,000
Fabricação	675	$525,000

Clientes bancários de varejo locais

A Republic Bancorp mantém 1.275.000 contas bancárias de varejo individuais em 31 de dezembro de 2023.

• Contas de corrente: 625.000
• Contas de poupança: 425.000
• Contas do mercado monetário: 225.000

Investidores imobiliários comerciais

O portfólio imobiliário comercial do banco totaliza US $ 2,3 bilhões em dezembro de 2023.

Tipo de propriedade	Investimento total	Número de investidores
Desenvolvimento residencial	US $ 825 milhões	215
Propriedades comerciais	US $ 1,1 bilhão	175
Desenvolvimentos de uso misto	US $ 375 milhões	85

Provedores de serviços profissionais

A Republic Bancorp atende 2.100 clientes de provedores de serviços profissionais em vários setores.

• Escritórios jurídicos: 425 clientes
• Práticas médicas: 625 clientes
• Empresas de consultoria: 350 clientes
• Empresas de contabilidade: 700 clientes

Clientes bancários individuais e familiares

Total de clientes bancários individuais e familiares: 985.000 em 31 de dezembro de 2023.

Faixa etária	Número de clientes	Saldo médio da conta
18-35 anos	275,000	$12,500
36-55 anos	425,000	$48,750
56 anos ou mais	285,000	$87,300

Republic Bancorp, Inc. (RBCAA) - Modelo de negócios: estrutura de custos

Despesas de operação de ramificação

A partir do quarto trimestre de 2023, a Republic Bancorp registrou despesas de operação da filial de US $ 42,3 milhões anualmente.

Categoria de despesa	Custo anual
Aluguel e ocupação	US $ 18,7 milhões
Utilitários	US $ 3,6 milhões
Manutenção	US $ 5,2 milhões
Segurança	US $ 2,8 milhões

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura de tecnologia da Republic Bancorp em 2023 totalizaram US $ 24,5 milhões.

• Hardware: US $ 7,2 milhões
• Licenciamento de software: US $ 6,8 milhões
• Sistemas de segurança cibernética: US $ 5,5 milhões
• Infraestrutura de rede: US $ 5,0 milhões

Salários e benefícios dos funcionários

A compensação total dos funcionários em 2023 foi de US $ 157,6 milhões.

Componente de compensação	Custo anual
Salários da base	US $ 112,4 milhões
Seguro de saúde	US $ 22,3 milhões
Benefícios de aposentadoria	US $ 15,6 milhões
Bônus de desempenho	US $ 7,3 milhões

Custos de conformidade regulatória

As despesas de conformidade regulatória em 2023 totalizaram US $ 16,9 milhões.

• Consultoria legal: US $ 6,2 milhões
• Software de conformidade: US $ 4,5 milhões
• Taxas de auditoria: US $ 3,7 milhões
• Programas de treinamento: US $ 2,5 milhões

Despesas de marketing e aquisição de clientes

As despesas de marketing em 2023 foram de US $ 9,7 milhões.

Canal de marketing	Gasto anual
Publicidade digital	US $ 3,6 milhões
Mídia tradicional	US $ 2,9 milhões
Eventos da comunidade	US $ 1,8 milhão
Campanhas de mala direta	US $ 1,4 milhão

Republic Bancorp, Inc. (RBCAA) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

Para o ano fiscal de 2023, a Republic Bancorp, Inc. registrou receita total de juros de US $ 517,1 milhões. A repartição da receita de juros do empréstimo é a seguinte:

Categoria de empréstimo	Receita de juros ($ m)
Empréstimos comerciais	237.4
Empréstimos hipotecários residenciais	189.6
Empréstimos ao consumidor	90.1

Taxas de empréstimos hipotecários

As taxas de empréstimos hipotecários para 2023 totalizaram US $ 42,3 milhões, com a seguinte composição:

• Taxas de originação: US $ 28,7 milhões
• Taxas de processamento: US $ 9,5 milhões
• Taxas de subscrição: US $ 4,1 milhões

Cobranças de serviço em contas de depósito

As cobranças de serviço geraram US $ 65,2 milhões em receita para 2023:

Tipo de cobrança de serviço	Receita ($ m)
Taxas de cheque especial	27.6
Taxas mensais de manutenção	22.8
Taxas de transação ATM	14.8

Serviços de investimento e gerenciamento de patrimônio

A receita de serviços de investimento para 2023 atingiu US $ 53,7 milhões:

• Taxas de gerenciamento de ativos: US $ 31,2 milhões
• Serviços de Consultoria Financeira: US $ 15,5 milhões
• Comissões de corretagem: US $ 7,0 milhões

Taxas de transação bancária digital

As taxas de transação bancária digital para 2023 totalizaram US $ 22,9 milhões:

Tipo de transação digital	Receita ($ m)
Transações bancárias móveis	12.6
Taxas de pagamento de conta on -line	6.3
Taxas de transferência eletrônica	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.