Republic Bancorp Announces $25M Stock Repurchase Program
Ticker: RBCAA · Form: 8-K · Filed: Jan 22, 2025 · CIK: 921557
| Field | Detail |
|---|---|
| Company | Republic Bancorp Inc /Ky/ (RBCAA) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: stock-repurchase, shareholder-return
Related Tickers: RBCA
TL;DR
RBCAA is buying back $25M in stock, effective immediately.
AI Summary
Republic Bancorp, Inc. announced on January 22, 2025, a stock repurchase program, authorizing the repurchase of up to $25.0 million of its common stock. This program is effective immediately and will continue until January 22, 2026, or until the repurchase limit is reached.
Why It Matters
This stock repurchase program signals management's confidence in the company's valuation and can potentially increase earnings per share by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a stock repurchase program, which is a common corporate action.
Key Numbers
- $25.0 million — Stock Repurchase Authorization (The maximum amount Republic Bancorp is authorized to repurchase.)
- January 22, 2026 — Repurchase Program Expiration (The date by which the stock repurchase program is set to conclude.)
Key Players & Entities
- Republic Bancorp, Inc. (company) — Registrant
- January 22, 2025 (date) — Date of Report
- $25.0 million (dollar_amount) — Stock repurchase authorization
- January 22, 2026 (date) — Expiration of repurchase program
FAQ
What is the total amount authorized for Republic Bancorp's stock repurchase program?
Republic Bancorp has authorized the repurchase of up to $25.0 million of its common stock.
When does the stock repurchase program become effective?
The stock repurchase program is effective immediately as of January 22, 2025.
What is the expiration date of the stock repurchase program?
The stock repurchase program is set to expire on January 22, 2026, or when the repurchase limit is reached.
What is the ticker symbol for Republic Bancorp, Inc.?
The filing does not explicitly state the ticker symbol, but the header mentions 'rbcaa-20250122x8k.htm', suggesting 'RBCA' or similar.
What is the principal executive office address for Republic Bancorp, Inc.?
The principal executive offices are located at 601 West Market Street, Louisville, Kentucky 40202.
Filing Stats: 443 words · 2 min read · ~1 pages · Grade level 9.7 · Accepted 2025-01-22 16:00:35
Filing Documents
- rbcaa-20250122x8k.htm (8-K) — 39KB
- rbcaa-20250122xex99d1.htm (EX-99.1) — 6KB
- 0001558370-25-000314.txt ( ) — 162KB
- rbcaa-20250122.xsd (EX-101.SCH) — 3KB
- rbcaa-20250122_lab.xml (EX-101.LAB) — 15KB
- rbcaa-20250122_pre.xml (EX-101.PRE) — 10KB
- rbcaa-20250122x8k_htm.xml (XML) — 5KB
01. REGULATION FD DISCLOSURE
Item 7.01. REGULATION FD DISCLOSURE. On January 22, 2025, Republic Bancorp, Inc. announced its first quarter 2025 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 January 22, 2025. 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 anuary 22, 2025 By: /s/ Kevin Sipes Executive Vice President, Chief Financial Officer & Chief Accounting Officer 2