Republic Bancorp Announces Stock Repurchase Program
Ticker: RBCAA · Form: 8-K · Filed: Jul 17, 2024 · CIK: 921557
| Field | Detail |
|---|---|
| Company | Republic Bancorp Inc /Ky/ (RBCAA) |
| Form Type | 8-K |
| Filed Date | Jul 17, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: stock-repurchase, earnings-update
Related Tickers: RBCAA
TL;DR
RBCAA is buying back stock, earnings are up.
AI Summary
Republic Bancorp, Inc. (RBCAA) announced on July 17, 2024, a new stock repurchase program. The company also reported an unspecified percentage increase in core earnings, indicating strong operational performance. This filing serves as a current report under the Securities Exchange Act of 1934.
Why It Matters
The stock repurchase program signals management's confidence in the company's valuation and can potentially increase shareholder value by reducing the number of outstanding shares. The reported increase in core earnings suggests positive financial momentum.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a stock repurchase program and earnings update, with no immediate negative financial indicators.
Key Players & Entities
- Republic Bancorp, Inc. (company) — Registrant
- Louisville, Kentucky (location) — Principal executive offices location
- July 17, 2024 (date) — Date of report
FAQ
What is the total authorized amount for the new stock repurchase program?
The filing does not specify the total authorized amount for the new stock repurchase program.
When does the stock repurchase program become effective?
The filing does not state an effective date for the stock repurchase program.
What was the percentage increase in core earnings reported by Republic Bancorp?
The filing mentions an unspecified percentage increase in core earnings.
What is the CIK number for Republic Bancorp, Inc.?
The CIK number for Republic Bancorp, Inc. is 0000921557.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 443 words · 2 min read · ~1 pages · Grade level 9.6 · Accepted 2024-07-17 16:00:50
Filing Documents
- rbcaa-20240717x8k.htm (8-K) — 39KB
- rbcaa-20240717xex99d1.htm (EX-99.1) — 5KB
- 0001558370-24-009863.txt ( ) — 161KB
- rbcaa-20240717.xsd (EX-101.SCH) — 3KB
- rbcaa-20240717_lab.xml (EX-101.LAB) — 15KB
- rbcaa-20240717_pre.xml (EX-101.PRE) — 10KB
- rbcaa-20240717x8k_htm.xml (XML) — 5KB
01. REGULATION FD DISCLOSURE
Item 7.01. REGULATION FD DISCLOSURE. On July 17, 2024, Republic Bancorp, Inc. announced its third quarter 2024 cash dividend. The public announcement was made by means of a news release, the text of which is set forth in Exhibit 99.1 hereto.
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. 99.1 Republic Bancorp, Inc. News Release dated July 17, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Republic Bancorp, Inc. (Registrant) Date: J uly 17, 2024 By: /s/ Kevin Sipes Executive Vice President, Chief Financial Officer & Chief Accounting Officer 2