REPUBLIC BANCORP INC /KY/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data REPUBLIC BANCORP INC /KY/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue			289	311	319	309	327	360	385	417
Interest expense	17.9	20.3	30.1	44.8	19.9	5.67	7.49	67.3
Pre-tax income	69	78.4	94.3	113	103	111	117	113	128	166
Income tax	23.1	32.8	16.4	21.5	19.4	23.8	25.7	22.8	26.3	34.4
Net income	45.9	45.6	77.9	91.7	83.2	87.6	91.1	90.4	101	131
Shares, basic (weighted)	20.9
Shares, diluted (weighted)	21	21	21.1	21.1	21.1	20.8	20.1	19.9	19.7	19.8

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	289	299	351	385	486	757	314	317	432	220
Property, plant and equipment	40.5	42.6	43.1	46.2	39.5	36.1	32	33.4	32.3	36
Lease right-of-use assets				35.2	43.3	38.8	37	34.7	36.2	31.3
Goodwill	16.3	16.3	16.3	16.3	16.3	16.3	16.3	40.5	40.5	40.5
Intangible assets	5.18	5.04	4.92	5.89	7.1	9.2	8.77	7.41
Total assets	4,816	5,085	5,240	5,620	6,168	6,168	5,836	6,595	6,847	7,042
Total liabilities	4,212	4,453	4,550	4,856	5,345	5,259	4,979	5,682	5,855	5,940
Paid-in capital	138	139	141	142	144	140	142	142	148	157
Retained earnings	461	488	545	614	666	689	742	786	854	945
Other comprehensive income	0.69	0.42	-1	3.1	8.51	1.87	-32	-20.4	-14.2	-4.4
Shareholders' equity	604	632	690	764	823	835	857	913	992	1,102
Total equity	604	632	690	764	823	835	857	913	992	1,102
Total liabilities and equity	4,816	5,085	5,240	5,620	6,168	6,094	5,836	6,595	6,847	7,042

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	45.9	45.6	77.9	91.7	83.2	87.6	91.1	90.4	101	131
Depreciation and amortization	7.3	8.47	9.35	9.23	9.73	8.99	7.6	7.06	6.91	6.68
Stock-based compensation	1.03	1.14	1	1.04	0.95	1.55	1.75	1.3	1.31	2.12
Cash from operations	47.7	77.8	119	105	75.4	100	155	109	149	168
Capital expenditures	-7.03	-12.4	-9.82	-12.9	-3.58	-5.79	-3.5	-6.9	-5.81	-7.1
Acquisitions	-9.09							-41
Purchases of investments	-419	-225	-174	-446	-299	-212	-330	-45	-300	-840
Sales and maturities of investments	452	158	221	456	252	230	162	106	316	555
Cash from investing	-296	-287	-122	-435	-422	307	-255	-517	-181	-436
Stock issued	0.08	0.07	0.08
Share buybacks	-1.21	-1.05	-0.83	-1.42	-3.94	-47.5	-12.6	-20.3		-0.07
Dividends paid	-16.8	-17.7	-19.5	-21.4	-23.2	-24.7	-26.1	-28.4	-30.5	-33.9
Cash from financing	328	219	54.4	364	447	-135	-344	411	148	55.7
Net change in cash	79.2	10	52.1	33.8	100	271	-443	2.88	116	-212
Free cash flow	40.6	65.4	109	92.3	71.9	94.5	151	102	143	161
Interest paid	18.2	20.1	30.1	43	22.4	5.85	7.41	63.5	120	106
Income taxes paid	26.1	28.8	11.1	17.4	24.9	20.1	21.6	21.5	27.5	22.1

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $94.55 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	39.9%	Pre-tax income / revenue.
Net margin	31.3%	Net income / revenue.
FCF margin	33.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	35.3%	Cash from operations / revenue.
Effective tax rate	21.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	11.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.8%	Net income / average total assets.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.0%	Capital expenditures / revenue.
D&A / revenue	1.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	8.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	8.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	29.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	13.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	9.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	12.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	2.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	17.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	12.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	2.1%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	17.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	11.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	6.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	6.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	83.6%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.12B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.06x	Revenue / average total assets.
Fixed asset turnover	9.69x	Revenue / average property, plant and equipment.
FCF conversion	106.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	5.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$6.44	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$20.61	Revenue / diluted weighted shares.
FCF per share	$6.87	Free cash flow / diluted weighted shares.
Operating cash flow per share	$7.29	Cash from operations / diluted weighted shares.
Book value per share	$58.24	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$56.20	Tangible book value / shares outstanding.
Cash per share	$17.83	(Cash + short-term investments) / shares outstanding.
Payout ratio	27.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	26.1%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.86B	Share price x shares outstanding.
Enterprise value	$1.50B	Market cap + total debt - cash - short-term investments.
P/E	14.5x	Market cap / net income. Only when net income is positive.
P/S	4.53x	Market cap / revenue.
P/B	1.60x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.66x	Market cap / tangible book value, when positive.
P/FCF	13.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	12.8x	Market cap / cash from operations, when positive.
EV/Sales	3.67x	Enterprise value / revenue.
EV/FCF	11.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	7.3%	Free cash flow / market cap.
Earnings yield	6.9%	Net income / market cap (the inverse of P/E).
Dividend yield	1.9%	Dividends paid over the period / market cap.
Shareholder yield	1.9%	(Dividends paid + share buybacks) / market cap.

What was REPUBLIC BANCORP INC /KY/'s revenue in fiscal 2025?

REPUBLIC BANCORP INC /KY/ reported revenue of $417.5M for fiscal 2025, 8.5% higher than the year before.

Was REPUBLIC BANCORP INC /KY/ profitable in fiscal 2025?

Yes. Net income was $131.3M, a net margin of 31.5%.

How much free cash flow did REPUBLIC BANCORP INC /KY/ generate in fiscal 2025?

Cash from operations of $168.2M minus capital expenditures of $7.1M left free cash flow of $161.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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