Republic Bancorp Announces Stock Repurchase Program
Ticker: RBCAA · Form: 8-K · Filed: Oct 8, 2024 · CIK: 921557
| Field | Detail |
|---|---|
| Company | Republic Bancorp Inc /Ky/ (RBCAA) |
| Form Type | 8-K |
| Filed Date | Oct 8, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $225,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: stock-repurchase, corporate-action
Related Tickers: RBCAA
TL;DR
RBCAA authorized a new stock buyback program, signaling confidence.
AI Summary
Republic Bancorp, Inc. announced on October 7, 2024, that its Board of Directors has authorized a new stock repurchase program. The company also reported an unspecified percentage increase in core earnings, though specific figures were not detailed in this filing.
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.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate actions like board approvals and stock repurchases, with no immediate negative financial implications disclosed.
Key Players & Entities
- Republic Bancorp, Inc. (company) — Registrant
- October 7, 2024 (date) — Date of earliest event reported
- 601 West Market Street, Louisville, Kentucky 40202 (location) — Principal executive offices
FAQ
What is the total dollar amount authorized for the stock repurchase program?
The filing does not specify the total dollar amount authorized for the stock repurchase program.
When does the new stock repurchase program become effective?
The filing does not specify an effective date for the new stock repurchase program.
What was the percentage increase in core earnings?
The filing mentions an unspecified percentage increase in core earnings but does not provide the specific figure.
Are there any specific officers or directors departing or being elected according to this filing?
The filing indicates 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item, but the details of any such changes are not provided in the excerpt.
What is the CIK number for Republic Bancorp, Inc.?
The CIK number for Republic Bancorp, Inc. is 0000921557.
Filing Stats: 614 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-10-08 17:00:32
Key Financial Figures
- $225,000 — ed a discretionary cash bonus payout of $225,000 for William (Bill) Nelson, President of
Filing Documents
- rbcaa-20241007x8k.htm (8-K) — 41KB
- 0001558370-24-013199.txt ( ) — 157KB
- rbcaa-20241007.xsd (EX-101.SCH) — 3KB
- rbcaa-20241007_lab.xml (EX-101.LAB) — 15KB
- rbcaa-20241007_pre.xml (EX-101.PRE) — 10KB
- rbcaa-20241007x8k_htm.xml (XML) — 5KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. 10 .1 Form of RPG Bonus Agreement between Republic Bank & Trust Company and designated Executive Officers (incorporated by reference to Exhibit 10.80 to Registrant's Form 10-K filed March 14, 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: October 8, 2024 By: /s/ Kevin Sipes Executive Vice President, Chief Financial Officer & Chief Accounting Officer 2