Republic Bancorp Reports an 11% Increase in Quarterly Cash Dividends and Introduces Stock Repurchase Program

Republic Bancorp, Inc. (NASDAQ: RBCAA) recently disclosed its first quarter 2025 cash dividend. The company announced an 11% upsurge in its quarterly cash dividends, marking the 27th consecutive year of increased dividends. The new quarterly cash dividend amounts to $0.451 per share of Class A Common Stock and $0.41 per share on Class B Common Stock. Shareholders of record as of March 21, 2025, will be entitled to these dividends, which are scheduled for payment on April 18, 2025.

Logan Pichel, CEO for Republic Bank, expressed enthusiasm about the dividend increase, highlighting the company’s enduring prosperity and its commitment to sharing this success with shareholders through augmented dividends.

Republic Bancorp, Inc., the parent company of Republic Bank & Trust Company, oversees 47 banking centers spread across five states within five metropolitan statistical areas. These include locations in Kentucky, Indiana, Ohio, Florida, and Tennessee. Additionally, Republic Bank Finance operates a loan production office in St. Louis, Missouri. The company, with its headquarters in Louisville, Kentucky, boasted approximately $6.7 billion in total assets as of September 30, 2024. Republic Bancorp’s Class A Common Stock trades on the NASDAQ Global Select Market under the ticker symbol “RBCAA.”

In addition to the dividend increase, Republic Bancorp also revealed plans for a stock repurchase program. Despite not disclosing the exact details of the repurchase initiative, this move underscores the company’s focus on maximizing shareholder value through strategic capital deployment.

Investors and analysts are expected to closely monitor Republic Bancorp’s performance in the upcoming quarters, considering the positive indication provided by the dividend boost and the initiation of the stock repurchase program.

The specifics of the dividend increase and the stock repurchase program have generated a considerable buzz within the financial circles, with many eyeing Republic Bancorp’s forthcoming financial results and strategic undertakings.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Republic Bancorp’s 8K filing here.

About Republic Bancorp

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.