Republic Bancorp (NASDAQ:RBCA.A) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$81.7m (up 4.7% from 2Q 2023).

• Net income: US$25.2m (up 20% from 2Q 2023).

• Profit margin: 31% (up from 27% in 2Q 2023).

• EPS: US$1.28 (up from US$1.06 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Republic Bancorp Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 2.3%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Republic Bancorp (1 is a bit concerning!) that we have uncovered.

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