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Income Statement
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REPUBLIC BANCORP INC (RBCAA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans   217.4241.0260.1237.6205.6164.2134.0
        Interest income on investments   7.59.813.511.89.47.97.0
       244.2226.3252.3280.9256.2218.8174.0142.4
    Interest expense:  
        Interest on deposits   5.015.129.117.09.86.14.4
        Interest on borrowings   0.13.512.810.58.910.911.9
       7.55.719.944.830.120.317.918.5
Net interest income  236.7220.6232.3236.1226.1198.5156.1124.0
Provision for loan losses   14.831.325.831.427.714.55.4
Net interest income after provision for loan losses  236.7205.8201.0210.4194.7170.8141.6118.6
        Deposit and loan fees  13.4    13.413.213.0
        Credit and debit card fees         8.4
        Gain on sale of investments, net         0.1
        Other non-interest income   86.987.175.063.445.144.326.5
Total non-interest income  13.486.987.175.063.458.457.548.0
Non-interest expenses  187.3182.3185.5172.2163.9150.8130.1113.3
Pre-tax income before non-recurring items  134.8110.3102.6121.094.379.669.253.2
Non-recurring items  18.0  7.8 1.20.2 
Pre-tax income  116.8110.3102.6113.294.378.469.053.2
Income taxes  25.723.619.421.516.432.823.118.1
            Tax rate  22.0%21.3%18.9%19.0%17.4%41.8%33.4%34.0%
Net income  91.186.883.291.777.945.645.935.2
            Net margin  36.4%29.7%28.9%32.1%30.2%19.9%23.1%21.1%
   
Basic EPS   $4.20$3.96$4.36$3.71$2.18$2.19$1.69
Diluted EPS   $4.18$3.95$4.34$3.70$2.17$2.19$1.68
   
Shares outstanding (basic)   20.721.021.021.020.920.920.9
Shares outstanding (diluted)   20.821.121.121.121.021.020.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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