Republic Bancorp, Inc., a corporation based in Louisville, Kentucky, announced on Friday an increase in its net income for the last quarter. The rise, accounting for a 6 percent increase, elevated the company's net income to $19.7 million. The growth extended to earnings per class A share, rising by 7 percent to arrive at $1.01.
However, the Core Bank’s net income experienced a slight decrease, from $16.3 million the previous year to $15.8 million. The net interest income for the Core Bank also recorded a decline of 3 percent from last year, coming out to $50.6 million.
An encouraging piece of news came from Republic Processing Group, which reported a surge in net income for the quarter to $3.8 million, a significant rise from last year's $2.2 million.
