Republic Bancorp Q2 FY26 net income rises 4% to $32.87 million

Core Bank net income climbed to $22.8 million, up 22%, as net interest income rose 7% to $64.1 million.

Core Bank net interest margin widened 30 basis points to 4.02% on lower funding costs, including a 49 basis point drop in interest-bearing liability costs.

Republic Payment Solutions launched a new program in June, targeting over $150 million of lower-cost average deposits in the rest of 2026.

Republic Bancorp posted Q2 2026 net income of $32.9 million, up 4%, with diluted EPS of $1.68, also up 4%.

ROA widened to 1.88% from 1.79%, while ROE narrowed to 11.42% from 11.96%.