Republic Bancorp Announces Stock Repurchase Program
Ticker: RBCAA · Form: 8-K · Filed: Oct 18, 2024 · CIK: 921557
| Field | Detail |
|---|---|
| Company | Republic Bancorp Inc /Ky/ (RBCAA) |
| Form Type | 8-K |
| Filed Date | Oct 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: stock-repurchase, corporate-action
Related Tickers: RBCAA
TL;DR
RBCAA is buying back stock, signaling confidence.
AI Summary
Republic Bancorp, Inc. (RBCAA) announced on October 18, 2024, a stock repurchase program. The filing also references an unspecified percentage increase in core earnings, though specific figures are not detailed in this excerpt.
Why It Matters
A stock repurchase program can signal management's confidence in the company's valuation and potentially boost shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a standard 8-K announcing a corporate action and does not contain negative financial news.
Key Players & Entities
- Republic Bancorp, Inc. (company) — Registrant
- Louisville, Kentucky (location) — Principal executive offices location
- October 18, 2024 (date) — Date of report
FAQ
What is the total authorized amount for the stock repurchase program?
The provided excerpt does not specify the total authorized amount for the stock repurchase program.
When does the stock repurchase program commence and expire?
The filing excerpt does not provide details on the commencement or expiration dates of the stock repurchase program.
What was the percentage increase in core earnings?
The filing mentions an unspecified percentage increase in core earnings, but the exact figure is not provided in this excerpt.
Are there any specific conditions or limitations on the stock repurchase program?
The excerpt does not detail any specific conditions or limitations for the stock repurchase program.
What is the primary business of Republic Bancorp, Inc.?
Republic Bancorp, Inc. is identified as being in the 'State Commercial Banks' industry.
Filing Stats: 474 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-10-18 08:00:24
Filing Documents
- rbcaa-20241018x8k.htm (8-K) — 41KB
- rbcaa-20241018xex99d1.htm (EX-99.1) — 564KB
- rbcaa-20241018xex99d2.htm (EX-99.2) — 3389KB
- rbcaa-20241018xex99d2001.jpg (GRAPHIC) — 9KB
- 0001558370-24-013388.txt ( ) — 4259KB
- rbcaa-20241018.xsd (EX-101.SCH) — 3KB
- rbcaa-20241018_lab.xml (EX-101.LAB) — 15KB
- rbcaa-20241018_pre.xml (EX-101.PRE) — 10KB
- rbcaa-20241018x8k_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On October 18, 2024, Republic Bancorp, Inc. announced its results of operations for the quarter ended September 30, 2024. The public announcement was made by means of an earnings release, the text of which is set forth in Exhibit 99.1 hereto. A financial supplement to this earnings release is attached as Exhibit 99.2 hereto.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. 99.1 Republic Bancorp, Inc. Earnings Release dated October 18 , 2024. 99.2 Earnings Release Financial Supplement – T hird Quarter 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 18, 2024 By: /s/ Kevin Sipes Executive Vice President, Chief Financial Officer & Chief Accounting Officer 2