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.

The $3.4 billion-asset company said Friday that its second-quarter earnings increased 3% from the same period last year, to $6.3 million. It attributed the gains to a 6% increase in loans that was driven in part by activity in its correspondent and warehouse lending units.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.