Republic Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Republic Bancorp

19/07/2024 16:17

* Republic Bancorp Inc  RBCAA.OQ  reported quarterly
adjusted
earnings of $1.30​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $1.07.  The lone analyst forecast for the
quarter was for earnings of $1.33 per share. 
    * Revenue fell 18.1% to $52.83 million from a year ago;
analysts
expected $66.10 million. 
    * Republic Bancorp Inc's reported EPS for the quarter was
$1.30​.
    * The company reported quarterly net income of $25.21
million.
    * Republic Bancorp Inc shares had risen by 15.8% this
quarter and
gained 12.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Republic Bancorp
Inc is $56.00 
This summary was machine generated from LSEG data July 19 at
03:17 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.33           1.30           Missed
 Mar. 31 2024      1.63           1.58           Missed
                                  1.01           
 Sep. 30 2023      0.98           1.10           Beat