The bank maintains a stable capital buffer with an equity-to-assets ratio of 0.16, supporting its specialized strategy despite the accumulation of $6.2 billion in investment securities.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 2.87B | 219.97M | 775.08M | 907.88M | 934.05M | 1.25B | 1.01B | 856.66M | 827.21M | 826.58M | 770.58M | 727.14M | 508.79M | 603.76M | 575.94M | 1.01B | 786.37M | 1.07B | 616.3M | 86.18M | 81.61M | 77.17M | 77.85M | 60.88M | 39.85M | 35.57M | 40.22M | 20.83M | 39.9M | 24.55M | 56.67M |
| Cash & Due from Banks | 599.11M | 219.97M | 432.15M | 316.57M | 313.69M | 756.97M | 485.59M | 385.3M | 351.47M | 299.35M | 289.31M | 210.08M | 72.88M | 170.86M | 137.69M | 362.97M | 786.37M | 1.07B | 616.3M | 86.18M | 81.61M | 77.17M | 77.85M | 60.88M | 39.85M | 35.57M | 40.22M | 20.83M | 39.9M | 24.55M | 56.67M |
| Short Term Investments | 0 | 0 | 342.93M | 591.31M | 620.37M | 495.13M | 523.86M | 471.36M | 475.74M | 527.23M | 481.27M | 517.06M | 435.91M | 432.89M | 438.25M | 645.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 6.23B | 6.47B | 5.88B | 5.77B | 5.24B | 5.07B | 5.37B | 4.95B | 4.66B | 4.57B | 4.32B | 3.85B | 3.5B | 3.05B | 3.12B | 2.94B | 2.71B | 2.72B | 3.2B | 2.97B | 2.86B | 2.57B | 2.34B | 1.99B | 1.65B | 1.51B | 1.42B | 1.25B | 1.13B | 987.31M | 1.05B |
| Investments Growth % | 29.16% | 10.05% | 2.05% | 10.08% | 3.34% | -5.69% | 8.67% | 6.22% | 1.96% | 5.8% | 12.05% | 9.97% | 14.7% | -2.16% | 6.18% | 8.47% | -0.29% | -15.19% | 7.94% | 4% | 11.17% | 9.59% | 17.61% | 20.47% | 9.87% | 6.22% | 13.07% | 11.41% | 13.96% | -5.87% | - |
| Long-Term Investments | 23.57B | 6.47B | 5.54B | 5.17B | 4.62B | 4.57B | 4.85B | 4.47B | 4.18B | 4.04B | 3.83B | 3.33B | 3.07B | 2.62B | 2.68B | 2.29B | 2.71B | 2.72B | 3.2B | 2.97B | 2.86B | 2.57B | 2.34B | 1.99B | 1.65B | 1.51B | 1.42B | 1.25B | 1.13B | 987.31M | 1.05B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46.55M | 52.1M | 56.76M | 39.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.16M | 8.8M | 8.8M | 9.69M |
| Goodwill & Intangibles | 40.52M | 40.52M | 40.52M | 40.52M | 16.3M | 16.3M | 16.3M | 16.3M | 16.3M | 16.3M | 16.3M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 40.52M | 40.52M | 40.52M | 40.52M | 16.3M | 16.3M | 16.3M | 16.3M | 16.3M | 16.3M | 16.3M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.17M | 10.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 102.78M | 67.32M | 68.49M | 68.1M | 69M | 74.9M | 82.86M | 81.4M | 43.13M | 42.59M | 40.46M | 31.11M | 32.99M | 32.91M | 33.2M | 34.68M | 37.77M | 39.38M | 42.88M | 39.71M | 36.56M | 31.79M | 33.84M | 34.33M | 23.15M | 19.59M | 19.57M | 19M | 15.9M | 12.77M | 17.51M |
| Other Assets | 279.41M | 217.09M | 330.01M | 316.87M | 188.81M | 168.74M | 199.63M | 178.14M | 158.68M | 144.39M | 140.66M | 118.25M | 125.84M | 104.16M | 92M | 25.98M | 26.21M | 26.25M | 25.08M | 60.06M | 63.43M | 58.21M | 43.61M | 39.91M | 35.63M | 30.14M | 30.96M | 66.52M | 18M | 21.52M | 8.11M |
| Total Current Assets | 599.11M | 242.26M | 867.26M | 995.41M | 944.45M | 1.26B | 1.02B | 870.55M | 842.24M | 840.23M | 784.2M | 736.04M | 511.32M | 603.76M | 575.94M | 1.06B | 838.47M | 1.12B | 656.24M | 86.18M | 81.61M | 77.17M | 77.85M | 60.88M | 39.85M | 35.57M | 40.22M | 29.99M | 48.7M | 33.35M | 66.36M |
| Total Non-Current Assets | 6.65B | 6.8B | 5.98B | 5.6B | 4.89B | 4.83B | 5.15B | 4.75B | 4.4B | 4.25B | 4.03B | 3.49B | 3.24B | 2.77B | 2.82B | 2.36B | 2.78B | 2.79B | 3.28B | 3.08B | 2.97B | 2.66B | 2.42B | 2.07B | 1.71B | 1.56B | 1.47B | 1.34B | 1.16B | 1.02B | 1.07B |
| Total Assets | 7.25B | 7.04B | 6.85B | 6.59B | 5.83B | 6.09B | 6.17B | 5.62B | 5.24B | 5.09B | 4.82B | 4.23B | 3.75B | 3.37B | 3.39B | 3.42B | 3.62B | 3.92B | 3.94B | 3.17B | 3.05B | 2.74B | 2.5B | 2.13B | 1.75B | 1.59B | 1.51B | 1.37B | 1.21B | 1.05B | 1.14B |
| Asset Growth % | 15.54% | 2.85% | 3.82% | 13.03% | -4.25% | -1.21% | 9.75% | 7.25% | 3.05% | 5.59% | 13.85% | 12.9% | 11.12% | -0.66% | -0.75% | -5.6% | -7.56% | -0.52% | 24.45% | 3.89% | 11.38% | 9.47% | 17.44% | 21.4% | 10.18% | 5.49% | 10.16% | 13.36% | 14.48% | -7.53% | - |
| Return on Assets (ROA) | 1.79% | 1.89% | 1.51% | 1.45% | 1.53% | 1.43% | 1.41% | 1.69% | 1.51% | 0.92% | 1.01% | 0.88% | 0.81% | 0.75% | 3.5% | 2.67% | 1.72% | 1.07% | 0.95% | 0.8% | 0.98% | 1.34% | 1.4% | 1.45% | 1.23% | 1.08% | 0.9% | 0.95% | 1.22% | 1.12% | 0.24% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27.55M | 23.27M | 21.84M | 24.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.94M | 3.8M | 0 | 0 |
| Total Debt | 479.33M | 626.87M | 535.44M | 513.16M | 349.76M | 355.64M | 531.61M | 995.39M | 1.03B | 982.76M | 1.02B | 1.14B | 1.1B | 811.79M | 834.72M | 1.21B | 925.36M | 978.43M | 895.49M | 918.09M | 1.49B | 1.11B | 861.22M | 640.22M | 544.23M | 578.97M | 509.05M | 662.8M | 338.9M | 235.54M | 288.61M |
| Net Debt | -119.78M | 406.9M | 103.29M | 196.59M | 36.08M | -401.33M | 46.02M | 610.08M | 682.76M | 683.41M | 727.9M | 926.09M | 1.03B | 640.93M | 697.03M | 843.13M | 138.99M | -89.75M | 279.18M | 831.91M | 1.41B | 1.03B | 783.37M | 579.34M | 504.38M | 543.4M | 468.84M | 641.97M | 299M | 211M | 231.94M |
| Long-Term Debt | 366.5M | 246M | 395M | 380M | 95M | 25M | 276.24M | 791.24M | 851.24M | 778.74M | 843.74M | 740.74M | 748.74M | 646.24M | 583.84M | 975.87M | 606.12M | 678.85M | 556.47M | 519.79M | 687.81M | 602.37M | 403.82M | 396.18M | 319.3M | 296.95M | 246.05M | 231.38M | 96.4M | 124.41M | 106.97M |
| Short-Term Debt | 81.34M | 355.52M | 103.32M | 97.62M | 216.96M | 290.97M | 211.03M | 167.62M | 182.99M | 204.02M | 173.47M | 395.43M | 356.11M | 165.56M | 250.88M | 230.23M | 319.25M | 299.58M | 339.01M | 398.3M | 803.77M | 509.39M | 457.4M | 244.04M | 224.93M | 282.02M | 263M | 431.42M | 242.5M | 111.14M | 181.63M |
| Other Liabilities | 5.64B | 5.31B | 108.65M | 115.81M | 91.32M | 63.62M | 80.22M | 74.68M | 60.09M | 37.02M | 34M | 30.09M | 25.25M | 26.46M | 40.05M | 0 | 0 | 0 | 0 | 29.6M | -374.87M | -192.35M | 23.71M | 21.06M | 17.49M | 14.53M | 11.97M | -208.79M | 7.7M | 19.42M | 10.11M |
| Total Current Liabilities | 81.34M | 355.52M | 5.31B | 5.15B | 4.75B | 5.13B | 4.94B | 3.95B | 3.64B | 3.64B | 3.33B | 2.88B | 2.41B | 2.16B | 2.23B | 1.99B | 2.65B | 2.92B | 3.11B | 2.37B | 2.5B | 2.11B | 1.88B | 1.54B | 1.27B | 1.15B | 1.13B | 1.24B | 993.4M | 842.74M | 964.77M |
| Total Non-Current Liabilities | 6.04B | 5.58B | 540.77M | 531.35M | 224.13M | 128.29M | 400.8M | 902.45M | 911.34M | 815.76M | 877.74M | 770.83M | 773.99M | 672.7M | 623.88M | 975.87M | 606.12M | 678.85M | 556.47M | 549.39M | 312.94M | 410.02M | 427.52M | 417.24M | 336.79M | 311.48M | 258.02M | 22.59M | 104.1M | 143.83M | 117.09M |
| Total Liabilities | 6.12B | 5.94B | 5.85B | 5.68B | 4.98B | 5.26B | 5.35B | 4.86B | 4.55B | 4.45B | 4.21B | 3.65B | 3.19B | 2.83B | 2.86B | 2.97B | 3.25B | 3.6B | 3.66B | 2.92B | 2.81B | 2.52B | 2.3B | 1.96B | 1.6B | 1.46B | 1.38B | 1.26B | 1.1B | 986.56M | 1.08B |
| Total Equity | 1.13B | 1.1B | 992.03M | 912.76M | 856.61M | 834.23M | 823.32M | 764.24M | 689.93M | 632.42M | 604.41M | 576.55M | 558.73M | 542.79M | 536.7M | 452.37M | 371.38M | 316.02M | 275.92M | 248.86M | 237.35M | 213.57M | 196.07M | 169.38M | 150.8M | 130.97M | 123.29M | 110.2M | 110.2M | 68.39M | 59.02M |
| Equity Growth % | 42.37% | 11.12% | 8.69% | 6.55% | 2.68% | 1.32% | 7.73% | 10.77% | 9.09% | 4.64% | 4.83% | 3.19% | 2.94% | 1.13% | 18.64% | 21.81% | 17.52% | 14.53% | 10.87% | 4.85% | 11.13% | 8.93% | 15.76% | 12.32% | 15.14% | 6.22% | 11.88% | 0% | 61.14% | 15.87% | - |
| Equity / Assets (Capital Ratio) | 15.63% | 15.65% | 14.49% | 13.84% | 14.68% | 13.69% | 13.35% | 13.6% | 13.17% | 12.44% | 12.55% | 13.63% | 14.91% | 16.1% | 15.81% | 13.23% | 10.25% | 8.06% | 7% | 7.86% | 7.79% | 7.81% | 7.85% | 7.96% | 8.6% | 8.23% | 8.18% | 8.05% | 9.12% | 6.48% | 5.17% |
| Return on Equity (ROE) | 11.56% | 12.54% | 10.64% | 10.22% | 10.78% | 10.57% | 10.49% | 12.61% | 11.77% | 7.38% | 7.77% | 6.2% | 5.23% | 4.71% | 24.13% | 22.86% | 18.84% | 14.23% | 12.83% | 10.25% | 12.57% | 17.12% | 17.79% | 17.62% | 14.54% | 13.22% | 11.07% | 11.16% | 15.45% | 19.24% | 4.62% |
| Book Value per Share | 57.16 | 55.65 | 50.77 | 45.98 | 43.04 | 40.58 | 39.45 | 36.51 | 32.75 | 30.11 | 28.84 | 27.53 | 26.73 | 25.97 | 25.52 | 21.55 | 17.72 | 15.13 | 13.25 | 11.99 | 10.76 | 9.01 | 7.87 | 8.10 | 7.27 | 6.47 | 5.97 | 5.23 | 5.45 | 3.76 | 3.18 |
| Tangible BV per Share | 55.11 | 53.60 | 48.70 | 43.93 | 42.22 | 39.78 | 38.67 | 35.73 | 31.98 | 29.33 | 28.07 | 27.05 | 26.25 | 25.48 | 25.04 | 21.06 | 17.23 | 14.65 | 12.76 | 11.50 | 10.31 | 9.01 | 7.87 | 8.10 | 7.27 | 6.47 | 5.97 | 5.23 | 5.45 | 3.76 | 3.18 |
| Common Stock | 4.61M | 4.6M | 4.59M | 4.55M | 4.65M | 4.7M | 4.9M | 4.91M | 4.9M | 4.9M | 4.91M | 4.92M | 4.9M | 4.89M | 4.93M | 4.95M | 4.94M | 0 | 0 | 0 | 4.68M | 4.47M | 4.38M | 4.16M | 4.12M | 3.95M | 4.08M | 4.1M | 0 | 3.61M | 3.49M |
| Additional Paid-in Capital | 159.46M | 156.69M | 148.05M | 142.12M | 141.69M | 139.96M | 143.64M | 142.07M | 141.02M | 139.41M | 138.19M | 136.91M | 134.89M | 133.01M | 132.69M | 131.48M | 129.33M | 131.29M | 128.32M | 124.58M | 97.39M | 77.3M | 58.12M | 40.26M | 39.17M | 33.02M | 33.29M | 33.62M | 0 | 10.83M | 6.82M |
| Retained Earnings | 976.26M | 945.4M | 853.63M | 786.49M | 742.25M | 687.7M | 666.28M | 614.17M | 545.01M | 487.7M | 460.62M | 432.67M | 414.62M | 401.77M | 393.47M | 311.8M | 230.99M | 178.94M | 146.98M | 124.62M | 137.67M | 136.38M | 135.95M | 126.25M | 107.57M | 90.87M | 83.34M | 73.6M | 65.5M | 53.99M | 43.93M |
| Accumulated OCI | -6.93M | -4.4M | -14.24M | -20.41M | -31.98M | 1.87M | 8.51M | 3.1M | -997K | 416K | 687K | 2.05M | 4.32M | 3.12M | 5.61M | 4.14M | 6.12M | 5.78M | 620K | -338K | -1.39M | -4.58M | -2.38M | -1.29M | -65K | -2.73M | -3.78M | -7.55M | 200K | -54K | -219K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5M |
Seasonal Credit Concentration Risk
According to recent financial statements, Republic Bancorp's total assets expanded from $6.6 billion in 2023Q4 to $7.3 billion in 2026Q1, a trend that appears heavily influenced by the temporary, high-velocity asset accumulation inherent in the bank's specialized tax refund and consumer credit business segments.
The growth trajectory is not indicative of steady-state commercial lending expansion but rather reflects the cyclical nature of the bank's niche operations. Investors should monitor whether this asset growth translates into sustainable long-term earnings or if it merely represents transient balance sheet bloat during peak tax processing windows.
As reported in quarterly filings, the bank maintained an equity-to-assets ratio of approximately 0.16 in 2026Q1, suggesting a stable capital position that provides a necessary cushion for the inherent volatility associated with the bank's high-yield consumer credit and tax-related financial product segments.
This capital level appears sufficient to absorb potential credit shocks within the Republic Credit Solutions portfolio. However, the concentration of voting power within the Trager family warrants further investigation, as it may influence capital deployment priorities in ways that diverge from the interests of minority shareholders.
Based on the provided balance sheet data, cash and cash equivalents fluctuated significantly, peaking at $793.0 million in 2025Q1, which highlights the bank's reliance on active liquidity management to navigate the massive, temporary deposit inflows that characterize its seasonal tax refund business model.
The bank's ability to rotate assets into a $6.2 billion investment securities portfolio by 2026Q1 suggests a proactive approach to managing interest rate risk and liquidity. This strategy appears to mitigate the need for expensive wholesale funding, though it leaves the balance sheet sensitive to shifts in market interest rates.
As indicated by the company's reported figures, the bank's reliance on high-volume, short-term consumer credit products creates a unique risk profile, where the $9.8 million provision for credit losses in 2026Q1 may understate the potential for rapid deterioration during a broader consumer economic downturn.
The market may be mispricing the bank's risk by focusing on traditional banking metrics while overlooking the potential for regulatory or credit-related shocks within the Republic Credit Solutions segment. Any federal intervention regarding high-interest consumer lending could force a structural impairment of these high-margin, but high-risk, revenue streams.
Quick answers to the most common questions about buying RBCAA stock.
As of 2025, Republic Bancorp, Inc. (RBCAA) had total assets of $7.04B including $242.3M in current assets.
Republic Bancorp, Inc. (RBCAA) carries total debt of $626.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Republic Bancorp, Inc. (RBCAA) has total shareholders' equity (book value) of $1.10B ($55.65 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Republic Bancorp, Inc. (RBCAA) reported a current ratio of 0.68x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.