UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (date of earliest event reported): January 24, 2024

REPUBLIC BANCORP, INC.
(Exact name of registrant as specified in its charter)

Kentucky
0-24649
61-0862051
(State or other jurisdiction (Commission File Number) (I.R.S. Employer Identification No.)
of incorporation)
 
 

601 West Market Street, Louisville, Kentucky 40202
(Address of principal executive offices) (zip code)

Registrant’s telephone number, including area code: (502) 584-3600

NOT APPLICABLE
(Former Name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR    240.14d-2(b))
 ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol
Name of each exchange on which registered
Class A Common
RBCAA
The Nasdaq Stock Market


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. REGULATION FD DISCLOSURE

On January 24, 2024, Republic Bancorp, Inc. announced its first quarter 2024 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.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 
(d)
Exhibits.
     
    Exhibit No.
     
    99.1 Republic Bancorp, Inc. News Release dated January 24, 2024.
    104  Cover Page Interactive Data File (embedded within the Inline XBRL document)

The information in this Form 8-K, including Exhibit 99.1 attached hereto, is being furnished under Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of Republic Bancorp, Inc. under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

2
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: January 24, 2024
By:
/s/ Kevin Sipes
  
   
Executive Vice President, Chief Financial Officer & Chief Accounting Officer


3
Exhibit 99.1

Republic Bancorp, Inc. Increases its Common Stock Cash Dividends Paid for the 26th Consecutive Year

LOUISVILLE, Ky.--(BUSINESS WIRE)--January 24, 2024--Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, today announced a 9% increase in the Company’s quarterly cash dividends. The quarterly cash dividend of $0.407 per share of Class A Common Stock and $0.37 per share on Class B Common Stock will be payable April 19, 2024, to shareholders of record as of March 15, 2024. The increased cash dividend results in an annualized dividend yield for the Class A Common stock of 3.20% based upon the stock’s closing price on January 23, 2024.

“We are excited to announce an increase in our quarterly cash dividends for the 26th consecutive year. We are extremely proud of our on-going success and delighted that we can once again share in this success with our shareholders through an increased dividend,” commented Logan Pichel, CEO for Republic Bank.

Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 47 banking centers in communities within five metropolitan statistical areas (“MSAs”) across five states: 22 banking centers located within the Louisville MSA in Louisville, Prospect, Shelbyville, and Shepherdsville in Kentucky, and Floyds Knobs, Jeffersonville, and New Albany in Indiana; six banking centers within the Lexington MSA in Georgetown and Lexington in Kentucky; eight banking centers within the Cincinnati MSA in Cincinnati and West Chester in Ohio, and Bellevue, Covington, Crestview Hills, and Florence in Kentucky; seven banking centers within the Tampa MSA in Largo, New Port Richey, St. Petersburg, Seminole, and Tampa in Florida; and four banking centers within the Nashville MSA in Franklin, Murfreesboro, Nashville and Spring Hill, Tennessee. In addition, Republic Bank Finance has one loan production office in St. Louis, Missouri. The Bank offers internet banking at www.republicbank.com. As of December 31, 2023, the Company had approximately $6.6 billion in assets and is headquartered in Louisville, Kentucky. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.

Republic Bank. It’s just easier here. ®

Contacts

Steve Trager
Executive Chair
502-584-3600

v3.23.4
Document and Entity Information
Jan. 24, 2024
Cover [Abstract]  
Document Type 8-K
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Document Period End Date Jan. 24, 2024
Entity Registrant Name REPUBLIC BANCORP, INC.
Entity Incorporation, State or Country Code KY
Entity File Number 0-24649
Entity Tax Identification Number 61-0862051
Entity Address, Address Line One 601 West Market Street
Entity Address, City or Town Louisville
Entity Address, State or Province KY
Entity Address, Postal Zip Code 40202
City Area Code 502
Local Phone Number 584-3600
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Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000921557
Title of 12(b) Security Class A Common
Trading Symbol RBCAA
Security Exchange Name NASDAQ
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