Overview

* Republic Bancorp ( RBCAA ) Q2 net income rises 25% yr/yr to $31.5 mln

* Diluted EPS for Q2 increases 24% to $1.61 per share

* Core Bank segment drives growth with 13% rise in net interest income

Outlook

* Company expects technology cost benefits from new call center system

Result Drivers

* NET INTEREST INCOME - Core Bank net interest income rose 13% driven by increased asset yields and cost of funds moderation

* LOAN CHARGE-OFFS - Continued favorably low loan charge-offs within Core Bank contributed to strong results

* DIVERSIFIED EARNINGS - All five reporting segments posted strong results, supporting overall earnings growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $1.61

Q2 Net $31.5

Income mln

Q2 ROE 1.8%

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)