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RBCAA (Republic Bancorp) ROE % : 10.97% (As of Sep. 2024)


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What is Republic Bancorp ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Republic Bancorp's annualized net income for the quarter that ended in Sep. 2024 was $106.2 Mil. Republic Bancorp's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $967.6 Mil. Therefore, Republic Bancorp's annualized ROE % for the quarter that ended in Sep. 2024 was 10.97%.

The historical rank and industry rank for Republic Bancorp's ROE % or its related term are showing as below:

RBCAA' s ROE % Range Over the Past 10 Years
Min: 5.23   Med: 10.36   Max: 12.61
Current: 10.91

During the past 13 years, Republic Bancorp's highest ROE % was 12.61%. The lowest was 5.23%. And the median was 10.36%.

RBCAA's ROE % is ranked better than
60.16% of 1536 companies
in the Banks industry
Industry Median: 9.395 vs RBCAA: 10.91

Republic Bancorp ROE % Historical Data

The historical data trend for Republic Bancorp's ROE % 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.

* Premium members only.

Republic Bancorp ROE % Chart

Republic Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.61 10.49 10.57 10.77 10.22

Republic Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % 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 9.69 8.71 13.25 10.66 10.97

Competitive Comparison of Republic Bancorp's ROE %

For the Banks - Regional subindustry, Republic Bancorp's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Republic Bancorp's ROE % distribution charts can be found below:

* The bar in red indicates where Republic Bancorp's ROE % falls into.



Republic Bancorp ROE % Calculation

Republic Bancorp's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=90.374/( (856.613+912.756)/ 2 )
=90.374/884.6845
=10.22 %

Republic Bancorp's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=106.172/( (955.423+979.705)/ 2 )
=106.172/967.564
=10.97 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.


Republic Bancorp  (NAS:RBCAA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=106.172/967.564
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(106.172 / 346.312)*(346.312 / 6654.522)*(6654.522 / 967.564)
=Net Margin %*Asset Turnover*Equity Multiplier
=30.66 %*0.052*6.8776
=ROA %*Equity Multiplier
=1.59 %*6.8776
=10.97 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=106.172/967.564
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (106.172 / 135.396) * (135.396 / 346.312) * (346.312 / 6654.522) * (6654.522 / 967.564)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.7842 * 39.1 % * 0.052 * 6.8776
=10.97 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Republic Bancorp ROE % Related Terms

Thank you for viewing the detailed overview of Republic Bancorp's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Republic Bancorp Business Description

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 six reportable segments. It has traditional banking which generates the majority of revenue, warehouse, mortgage banking, Tax Refund Solutions (TRS), Republic Payment Solutions segment, and Republic Credit Solutions (RCS) business segments. The business activities of these segments include retail mortgage and commercial lending, construction and land development lending, internet lending, correspondent 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.
Executives
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
Juan Montano officer: EVP, Chief Mtg Banking Officer 601 W MARKET ST, LOUISVILLE KY 40202
Anthony T Powell officer: EVP, Chief Lending Officer 601 W MARKET ST, LOUISVILLE KY 40202
Pedro A Bryant officer: EVP, Mg Dir Community Lending 601 W MARKET ST, LOUISVILLE KY 40202
David P Feaster director 601 W MARKET ST, LOUISVILLE KY 40202
Kevin D Sipes officer: EVP & Chief Financial Officer 601 W MARKET ST, LOUISVILLE KY 40202
Michael T Rust director 601 WEST 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