Republic Bancorp (Republic Bancorp) Financial Strength : 4 (As of Dec. 2023)

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What is Republic Bancorp Financial Strength?

Republic Bancorp has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Republic Bancorp's interest coverage with the available data. Republic Bancorp's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.29. Altman Z-Score does not apply to banks and insurance companies.

Republic Bancorp Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Republic Bancorp's Interest Expense for the months ended in Dec. 2023 was $-24.0 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $415.5 Mil.

Republic Bancorp's Interest Coverage for the quarter that ended in Dec. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Republic Bancorp's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	415.539)	/	321.408
	=	1.29

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

Republic Bancorp (NAS:RBCAA) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Republic Bancorp has the Financial Strength Rank of 4.

Republic Bancorp Financial Strength Related Terms

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Republic Bancorp (Republic Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Republic Bancorp Inc (NAS:RBCAA) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 West Market Street, Louisville, KY, USA, 40202

Website

https://www.republicbank.com

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