Republic Bancorp, Inc. Boosts Cash Dividends for 2025

Republic Bancorp, Inc. Announces Dividend Increase

LOUISVILLE, Ky. -- Republic Bancorp, Inc. (NASDAQ: RBCAA), the parent company of Republic Bank & Trust Company, has revealed an impressive 11% increase in its quarterly cash dividends. This increase marks an important milestone as it reflects the company's dedication to its shareholders through consistent dividend growth. The quarterly cash dividend has been set at $0.451 per share for Class A Common Stock and $0.41 per share for Class B Common Stock. This change will become effective on April 18, 2025, for shareholders recorded as of March 21, 2025.

Committed to Shareholders

“We are thrilled to announce our continued commitment to increasing our quarterly cash dividends for the 27th consecutive year. This achievement demonstrates our ongoing success, and we are excited to reward our shareholders with a higher dividend,” said Logan Pichel, the CEO of Republic Bank.

Understanding the Company Structure

Republic Bancorp, Inc. plays a pivotal role as the parent company of Republic Bank & Trust Company. The Bank operates an extensive network comprising 47 banking centers strategically placed within five metropolitan statistical areas across five states. This includes a robust presence in areas such as Louisville, Prospect, Shelbyville, Shepherdsville in Kentucky; Jeffersonville and New Albany in Indiana; and places like Cincinnati in Ohio. Additionally, they have a commendable set-up in Florida and Tennessee, signifying a broad operational reach. Moreover, Republic Bank Finance showcases its versatility with a loan production office in St. Louis, Missouri.

Diverse Banking Services

Beyond traditional banking, Republic Bank is dedicated to providing modern conveniences. Clients can access their banking services anytime, thanks to the bank's user-friendly internet banking platform. This move underscores the institution's commitment to merging traditional banking with digital innovation, thus catering to the diverse needs of clients.

Remarkable Growth Edition

As of September 30, 2024, Republic Bancorp showcased remarkable financial health, reporting approximately $6.7 billion in total assets. This impressive asset base speaks to the company’s robust performance and strategic management, underlining its commitment to deliver optimal operational results and shareholder value. Investors will be pleased to know that the Class A Common Stock of Republic Bancorp is publicly traded under the ticker symbol “RBCAA” on the NASDAQ Global Select Market, indicating strong market presence.

Looking Ahead

With the new dividend increase, shareholders can look forward to an annualized dividend yield for Class A shares of around 2.61%, calculated based on the stock's closing price. This reassurance of return reflects Republic Bancorp's unwavering dedication to shareholder returns, establishing it as a favorable investment opportunity within the market.

Frequently Asked Questions

What is the new quarterly cash dividend for Republic Bancorp?

The new quarterly cash dividend is set at $0.451 per share for Class A Common Stock and $0.41 for Class B Common Stock.

How long has Republic Bancorp increased its dividends?

Republic Bancorp has increased its dividends for 27 consecutive years, demonstrating its commitment to shareholders.

When will the new dividends be payable?

The increased dividends will be payable on April 18, 2025, to shareholders on record as of March 21, 2025.

What distinguishes Republic Bank’s operations?

Republic Bank operates 47 banking centers across five states and provides internet banking services, contributing to its customer-centric approach.

What is Republic Bancorp’s current total assets value?

As of September 30, 2024, Republic Bancorp reported approximately $6.7 billion in total assets, reflecting its stable financial health.

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