Brief: Republic Bancorp says Competition For Deposits Increased In Recent Periods, Putting Pressure On Our NIM
05/05/2023 14:46
May 5 (Reuters) - Republic Bancorp Inc RBCAA.O :
* REPUBLIC BANCORP: COMPETITION FOR DEPOSITS INCREASED IN
RECENT
PERIODS, AND COST OF FUNDING SIMILARLY INCREASED, PUTTING
PRESSURE ON OUR NIM
* REPUBLIC BANCORP INC - IF WE WERE REQUIRED TO SELL A
PORTION OF
OUR SECURITIES PORTFOLIO TO ADDRESS LIQUIDITY NEEDS, WE MAY
INCUR LOSSES
* REPUBLIC BANCORP INC: ESTIMATES 38% OF ITS TOTAL DEPOSITS
AS OF
MARCH 31, WERE UNINSURED AS THEY WERE ABOVE FDIC’S INSURANCE
LIMIT - SEC FILING
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