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Republic Bancorp (Republic Bancorp) Effective Interest Rate on Debt % : 20.93% (As of Dec. 2023)


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What is Republic Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Republic Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $96.0 Mil. Republic Bancorp's average total debt for the quarter that ended in Dec. 2023 was $458.6 Mil. Therefore, Republic Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.93%.


Republic Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Republic Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Republic Bancorp Effective Interest Rate on Debt % Chart

Republic Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.33 3.47 2.94 7.59 24.54

Republic Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.21 16.58 15.92 20.93 37.48

Competitive Comparison of Republic Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Republic Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Republic Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Republic Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Republic Bancorp's Effective Interest Rate on Debt % falls into.



Republic Bancorp Effective Interest Rate on Debt % Calculation

Republic Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -67.285/( (132.809+415.539)/ 2 )
=-1  *  -67.285/274.174
=24.54 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.809 + 0
=132.809

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=415.539 + 0
=415.539

Republic Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -96.012/( (501.726+415.539)/ 2 )
=-1  *  -96.012/458.6325
=20.93 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=501.726 + 0
=501.726

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=415.539 + 0
=415.539

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Republic Bancorp  (NAS:RBCAA) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Republic Bancorp Effective Interest Rate on Debt % Related Terms

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Republic Bancorp (Republic Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
601 West Market Street, Louisville, KY, USA, 40202
Republic Bancorp Inc operates as a financial institution that provides both traditional and non-traditional banking products through five reportable segments. It has traditional banking, warehouse, mortgage banking, Tax Refund Solutions (TRS), and Republic Credit Solutions (RCS) business segments. The business activities of these segments include retail mortgage lending, commercial lending, construction and land development lending, internet lending, correspondent lending, and indirect lending and also private banking, treasury management services, internet, and mobile banking, bank acquisitions, short-term revolving credit facilities, fixed-term residential real estate loans and receipt and payment of federal and state tax refund products under the TRS division.
Executives
Juan Montano officer: EVP, Chief Mtg Banking Officer 601 W MARKET ST, LOUISVILLE KY 40202
Steven E Deweese officer: EVP, Dir of Retail Banking 601 WEST MARKET STREET, LOUISVILLE KY 40202
Christy Ames officer: EVP, General Counsel 601 W MARKET ST, LOUISVILLE KY 40202
Scott Trager director, 10 percent owner, officer: Vice Chairman 601 W MARKET ST, LOUISVILLE KY 40202
Vidya Ravichandran director 601 W MARKET ST, LOUISVILLE KY 40202
Jennifer N Green director 601 W MARKET ST, LOUISVILLE KY 40202
Timothy S. Huval director 500 W. MAIN STREET, LOUISVILLE KY 40202
Trager Trust Of 2012 10 percent owner 601 W MARKET ST, LOUISVILLE KY 40202
Steve Trager director, 10 percent owner, officer: President and CEO 601 W MARKET ST, LOUISVILLE KY 40202
Laura M Douglas director 601 W MARKET ST, LOUISVILLE KY 40202
Logan Pichel director, officer: President & CEO, Republic Bank 601 W MARKET ST, LOUISVILLE KY 40202
Jeff Starke officer: EVP, Chief Information Officer 601 W MARKET ST, LOUISVILLE KY 40202
George Iii Nichols director 601 W MARKET ST, LOUISVILLE KY 40202
Margaret S Wendler officer: EVP & Chief HR Officer 601 W MARKET ST, LOUISVILLE KY 40202
David P Feaster director 601 W MARKET ST, LOUISVILLE KY 40202