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FS Card announced Thursday that Republic Bank & Trust in Louisville, Ky., will issue its new subprime credit card, which is scheduled to be launched this spring.
January 15 -
Republic Bancorp in Louisville, Ky., reported higher third-quarter profits, driven by a combination of organic loan growth and asset quality improvements.
October 17 -
Republic Bancorp (RBCAA) in Louisville, Ky., reported a slight bump in second-profits due to modest loan growth but results were tempered somewhat by a sharp drop in mortgage banking income.
July 18
Republic Bancorp in Louisville, Ky.,
Republic reported that its net income of $5.2 million rose so significantly from a year earlier because of a 17% increase in gross loans and a decrease in Federal Home Loan Bank borrowing costs. The bank's warehouse and correspondent lending businesses contributed mightily to the loan growth.
Net interest income from core banking activities increased 10%, to $29.4 million. The net interest margin widened nine basis points to 3.36%.
Noninterest income dipped 3.1% to slightly under $6.2 million, while noninterest expense fell about 11% to $26.4 million.
Earnings per share were $0.25, slightly lower than the $0.255 average estimate of analysts polled by Bloomberg.
Republic Bank reported approximately $3.75 billion in total assets, up about $376 million from the same time a year before.
