Republic Bancorp, Inc. reported net income of $31.1 million for the third quarter of 2026, a 4% increase compared to the same period in 2025. Diluted earnings per share for the period were $1.59, up 5% year-over-year. The company reported a return on average assets (ROA) of 1.74% and a return on average equity (ROE) of 10.48% for the quarter.
The company’s Core Banking segment generated net income of $22.8 million, representing a 15% increase from the prior year. This growth was driven by an 8% increase in net interest income to $66.1 million. The Core Banking net interest margin expanded by 25 basis points to 4.03%, supported by a 35 basis point reduction in funding costs and a strategic shift in earning assets.
Republic Bancorp noted that the Federal Reserve raised the Federal Funds Target Rate by 25 basis points to a range of 3.75% to 4.00% on September 16, 2026. The company stated that its current interest rate risk position suggests the higher-rate environment will provide incremental growth to its net interest income in the near term.
During the quarter, the company launched a new Republic Payment Solutions program, which generated approximately $180 million of lower-cost average deposits. This program contributed to a net increase in interest-bearing deposit balances of $127 million and helped diversify the company’s funding base.
In addition to its financial results, Republic Bancorp was recognized as one of Bank Director’s Top 25 publicly traded banks for the second consecutive year. The ranking was based on profitability, capital adequacy, and credit quality using year-end 2025 financial data.
