3Q

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026

(Dollars in thousands, except per-share amounts, number of employees, and number of banking centers, unless otherwise noted.)



Balance Sheet Data
	As of
	Jun. 30, 2026		Mar. 31, 2026		Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025
Assets:
Cash and cash equivalents	$	354,091	$	599,105	$	219,972	$	484,238	$	484,808
Investment securities		892,116		886,641		890,582		849,226		711,906
Loans held for sale (1)		57,997		41,782		117,350		40,206		36,802
Loans		5,410,406		5,366,973		5,446,329		5,281,374		5,373,020
Allowance for credit losses		(87,767)		(91,840)		(85,352)		(79,865)		(81,760)
Loans, net		5,322,639		5,275,133		5,360,977		5,201,509		5,291,260
Federal Home Loan Bank ("FHLB") stock, at cost		18,149		27,014		32,114		25,849		24,568
Premises and equipment, net		42,253		40,843		35,986		37,884		36,651
Right-of-use assets		29,042		30,443		31,330		32,804		34,327
Goodwill		40,516		40,516		40,516		40,516		40,516
Other real estate owned ("OREO")		843		896		1,277		1,246		1,054
Bank owned life insurance ("BOLI")		112,216		111,272		110,721		109,773		108,738
Other assets and accrued interest receivable		191,967		199,634		201,236		191,668		200,287
Total assets	$	7,061,829	$	7,253,279	$	7,042,061	$	7,014,919	$	6,970,917

Liabilities and Stockholders' Equity:
Deposits:
Noninterest-bearing	$	1,248,704	$	1,275,427	$	1,173,461	$	1,239,023	$	1,223,016
Interest-bearing		4,303,038		4,233,693		4,029,686		4,099,322		4,094,223
Total deposits		5,551,742		5,509,120		5,203,147		5,338,345		5,317,239

Securities sold under agreements to
repurchase ("SSUAR") and other short-term borrowings		68,615		81,337		88,504		74,522		72,103
Operating lease liabilities		30,077		31,492		32,370		33,833		35,335
Federal Home Loan Bank advances		157,000		366,500		506,000		375,000		370,000
Other liabilities and accrued interest payable		97,598		131,443		109,747		108,699		116,134
Total liabilities		5,905,032		6,119,892		5,939,768		5,930,399		5,910,811

Stockholders' equity		1,156,797		1,133,387		1,102,293		1,084,520		1,060,106
Total liabilities and stockholders' equity	$	7,061,829	$	7,253,279	$	7,042,061	$	7,014,919	$	6,970,917

S-2

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026 (continued)

(Dollars in thousands, except per-share amounts, number of employees, and number of banking centers, unless otherwise noted.)


Average Balance Sheet Data
	Three Months Ended										Six Months Ended
	Jun. 30, 2026		Mar. 31, 2026		Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Jun. 30, 2026		Jun. 30, 2025
Assets:

Interest-earning assets:
Federal funds sold and other interest-earning deposits	$	256,961	$	344,353	$	407,022	$	476,681	$	622,909	$	300,416	$	570,140
Investment securities, including FHLB stock		912,466		906,692		901,006		806,304		686,223		909,595		653,058
Loans, including loans held for sale		5,396,640		5,464,500		5,365,734		5,281,369		5,318,666		5,430,382		5,407,821
Total interest-earning assets		6,566,067		6,715,545		6,673,762		6,564,354		6,627,798		6,640,393		6,631,019

Allowance for credit losses		(92,164)		(89,017)		(79,832)		(81,196)		(105,726)		(90,599)		(104,008)

Noninterest-earning assets:
Noninterest-earning cash and cash equivalents		100,038		132,446		70,289		82,616		125,098		116,152		256,814
Premises and equipment, net		41,741		37,907		38,868		37,557		33,250		39,835		32,883
Bank owned life insurance		111,718		111,300		110,385		109,381		108,416		111,510		108,010
Other assets		273,948		286,831		273,906		279,166		273,195		280,353		273,420

Total assets	$	7,001,348	$	7,195,012	$	7,087,378	$	6,991,878	$	7,062,031	$	7,097,644	$	7,198,138

Liabilities and Stockholders' Equity:

Interest-bearing liabilities:
Interest-bearing deposits	$	4,192,067	$	4,157,622	$	4,084,332	$	4,078,925	$	4,081,209	$	4,174,940	$	4,061,709
SSUARs and other short-term borrowings		82,507		89,307		133,851		73,135		87,760		85,888		98,202
Federal Home Loan Bank advances		158,654		426,794		377,793		372,283		370,000		291,983		444,972
Total interest-bearing liabilities		4,433,228		4,673,723		4,595,976		4,524,343		4,538,969		4,552,811		4,604,883

Noninterest-bearing liabilities and Stockholders’ Equity:
Noninterest-bearing deposits		1,289,710		1,257,977		1,261,600		1,254,609		1,323,622		1,273,931		1,406,890
Other liabilities		123,813		133,479		125,515		131,269		143,941		128,619		147,103
Stockholders' equity		1,154,597		1,129,833		1,104,287		1,081,657		1,055,499		1,142,283		1,039,262

Total liabilities and stockholders’ equity	$	7,001,348	$	7,195,012	$	7,087,378	$	6,991,878	$	7,062,031	$	7,097,644	$	7,198,138

S-3

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026 (continued)

(Dollars in thousands, except per-share amounts, number of employees, and number of banking centers, unless otherwise noted.)

Total Company Average Balance Sheet and Interest Rates


		Three Months Ended June 30, 2026								Three Months Ended June 30, 2025
		Average						Average		Average						Average
		Balance			Interest			Rate		Balance			Interest			Rate

ASSETS

Interest-earning assets:
Federal funds sold and other interest-earning deposits		$	256,961		$	2,396		3.74	%	$	622,909		$	6,917		4.45	%
Investment securities, including FHLB stock (a)			912,466			9,442		4.15			686,223			6,346		3.71

TRS Refund Advances (b)			7,048			67		3.81			26,353			25		0.38
RCS LOC products (b)			48,068			14,036		117.12			46,252			12,434		107.83
Other RPG loans (c)			114,847			1,834		6.41			92,012			1,559		6.80
Outstanding Warehouse lines of credit			580,065			9,155		6.33			566,707			9,803		6.94
Traditional Banking loans (c)			4,646,612			65,601		5.66			4,587,342			65,119		5.69
Total loans (d)			5,396,640			90,693		6.74			5,318,666			88,940		6.71

Total interest-earning assets			6,566,067			102,531		6.26			6,627,798			102,203		6.19

Allowance for credit losses			(92,164)								(105,726)

Noninterest-earning assets:
Noninterest-earning cash and cash equivalents			100,038								125,098
Premises and equipment, net			41,741								33,250
Bank owned life insurance			111,718								108,416
Other assets (a)			273,948								273,195
Total assets		$	7,001,348							$	7,062,031

LIABILITIES AND STOCKHOLDERS’ EQUITY

Interest-bearing liabilities:
Transaction accounts		$	1,707,743		$	2,092		0.49	%	$	1,699,450		$	2,557		0.60	%
Money market accounts			1,565,003			9,324		2.39			1,406,053			10,183		2.90
Time deposits			518,078			4,612		3.57			445,129			4,168		3.76
Reciprocal money market and time deposits			298,577			1,935		2.60			318,576			2,622		3.30
Brokered deposits			102,666			1,159		4.53			212,001			2,320		4.39

Total interest-bearing deposits			4,192,067			19,122		1.83			4,081,209			21,850		2.15

SSUARs and other short-term borrowings			82,507			89		0.43			87,760			140		0.64
Federal Home Loan Bank advances			158,654			1,618		4.09			370,000			4,011		4.35

Total interest-bearing liabilities			4,433,228			20,829		1.88			4,538,969			26,001		2.30

Noninterest-bearing liabilities and Stockholders’ equity:
Noninterest-bearing deposits			1,289,710								1,323,622
Other liabilities			123,813								143,941
Stockholders’ equity			1,154,597								1,055,499
Total liabilities and stockholders’ equity		$	7,001,348							$	7,062,031

Net interest income					$	81,702							$	76,202

Net interest spread								4.38	%							3.89	%

Net interest margin								4.99	%							4.61	%

(a)	For the purpose of this calculation, the fair value adjustment on debt securities is included as a component of other assets.

(b)	Interest income is composed either entirely or predominantly of loan fees.

(c)	Average balances include the principal balance of nonaccrual loans and loans held for sale that are not carried at fair value and are inclusive of all loan premiums, discounts, fees and costs.

(d)	See Footnote 2 of the Earnings Release Financial Supplement for detail of total loan fees by reporting segment.

S-4

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026 (continued)

(Dollars in thousands, except per-share amounts, number of employees, and number of banking centers, unless otherwise noted.)



Income Statement Data
	Three Months Ended										Six Months Ended
	Jun. 30, 2026		Mar. 31, 2026		Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Jun. 30, 2026		Jun. 30, 2025

Total interest income (2)	$	102,531	$	113,787	$	103,233	$	103,239	$	102,203	$	216,318	$	232,041
Total interest expense		20,829		23,335		24,423		26,269		26,001		44,164		53,151
Net interest income		81,702		90,452		78,810		76,970		76,202		172,154		178,890

Provision		5,157		9,780		10,079		2,023		1,823		14,937		19,495

Noninterest income:
Service charges on deposit accounts		4,068		3,883		3,825		3,646		3,505		7,951		6,965
Net refund transfer fees		3,208		9,525		108		1,117		2,567		12,733		16,460
Mortgage banking income (1)		1,799		1,825		1,620		2,064		1,896		3,624		3,717
Interchange fee income		3,623		2,873		2,884		3,030		3,200		6,496		6,277
Program fees (1)		5,058		4,549		4,444		4,888		4,451		9,607		8,273
Increase in cash surrender value of BOLI		943		930		947		1,035		821		1,873		1,614
Net losses on OREO		(41)		(50)		(53)		(52)		(53)		(91)		(106)
Gain on sale of Republic Bank Finance loans/leases (1)		—		5,845		—		—		—		5,845		—
Gain on sale of Visa Class B-1 shares		—		—		—		—		—		—		4,090
Other (1)		911		579		1,684		840		1,257		1,490		3,508
Total noninterest income		19,569		29,959		15,459		16,568		17,644		49,528		50,798

Noninterest expense:
Salaries and employee benefits		30,943		32,117		34,163		31,027		30,801		63,060		61,870
Technology, equipment, and communication		8,686		7,946		8,581		8,710		8,684		16,632		17,327
Occupancy		3,460		3,648		3,673		3,547		3,391		7,108		6,955
Marketing and development		3,097		1,778		2,422		2,668		1,243		4,875		2,630
FDIC insurance expense		720		832		751		763		731		1,552		1,550
Interchange related expense		1,405		1,401		1,609		1,640		1,488		2,806		3,124
Legal and professional fees		836		450		825		1,100		666		1,286		1,784
Core conversion and related contract consulting fees		—		—		220		97		182		—		5,896
FHLB advances early termination penalties		—		2,316		—		—		—		2,316		—
Other		4,417		4,758		4,351		4,201		4,447		9,175		8,705
Total noninterest expense		53,564		55,246		56,595		53,753		51,633		108,810		109,841

Income before income tax expense		42,550		55,385		27,595		37,762		40,390		97,935		100,352
Income tax expense		9,684		12,816		4,774		8,018		8,906		22,500		21,600

Net income	$	32,866	$	42,569	$	22,821	$	29,744	$	31,484	$	75,435	$	78,752

S-5

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026 (continued)

(Dollars in thousands, except per-share amounts, number of employees, and number of banking centers, unless otherwise noted.)



Selected Data and Ratios
	As of and for the Three Months Ended															As of and for the Six Months Ended
	Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Jun. 30, 2026			Jun. 30, 2025
Per Share Data:

Basic weighted average shares outstanding		19,833			19,795			19,744			19,733			19,721			19,819			19,721
Diluted weighted average shares outstanding		19,864			19,830			19,799			19,791			19,784			19,852			19,795

Period-end shares outstanding:
Class A Common Stock		17,498			17,467			17,393			17,387			17,378			17,498			17,378
Class B Common Stock		2,137			2,148			2,148			2,149			2,149			2,137			2,149

Book value per share (3)	$	58.92		$	57.78		$	56.41		$	55.51		$	54.29		$	58.92		$	54.29
Tangible book value per share (3)		56.44			55.30			53.91			53.01			51.78			56.44			51.78

Earnings per share ("EPS"):
Basic EPS - Class A Common Stock	$	1.69		$	2.18		$	1.17		$	1.53		$	1.62		$	3.86		$	4.04
Basic EPS - Class B Common Stock		1.53			1.98			1.07			1.39			1.47			3.51			3.68
Diluted EPS - Class A Common Stock		1.68			2.18			1.17			1.52			1.61			3.85			4.03
Diluted EPS - Class B Common Stock		1.53			1.98			1.06			1.39			1.47			3.50			3.66

Cash dividends declared per Common share:
Class A Common Stock	$	0.495		$	0.495		$	0.451		$	0.451		$	0.451		$	0.990		$	0.902
Class B Common Stock		0.450			0.450			0.410			0.410			0.410			0.900			0.820

Performance Ratios:

Return on average assets		1.88	%		2.40	%		1.28	%		1.69	%		1.79	%		2.14	%		2.21	%
Return on average equity		11.42			15.28			8.20			10.91			11.96			13.32			15.28
Efficiency ratio (4)		52.9			45.9			60.0			57.5			55.0			49.1			47.8
Yield on average interest-earning assets (2)		6.26			6.87			6.14			6.24			6.19			6.57			7.06
Cost of average interest-bearing liabilities		1.88			2.02			2.11			2.30			2.30			1.96			2.33
Cost of average deposits (5)		1.40			1.41			1.50			1.64			1.62			1.40			1.59
Net interest spread (2)		4.38			4.85			4.03			3.94			3.89			4.61			4.73
Net interest margin - Total Company (2)		4.99			5.46			4.69			4.65			4.61			5.23			5.44
Net interest margin - Core Bank (2)		4.02			3.96			3.87			3.78			3.72			3.99			3.71

Other Information:

End of period FTEs (6) - Total Company		958			966			973			978			974			958			974
End of period FTEs (6) - Core Bank		897			907			911			918			917			897			917
Number of full-service banking centers		47			47			47			47			47			47			47

S-6

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026 (continued)

(Dollars in thousands, except per-share amounts, number of employees, and number of banking centers, unless otherwise noted.)


Loan Composition and Allowance for Credit Losses on Loans
		As of
		Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025
Loan Composition:

Traditional Banking:
Residential real estate:
Owner-occupied		$	1,042,149		$	1,028,473		$	1,040,080		$	1,044,737		$	1,031,898
Nonowner-occupied			275,983			280,777			283,246			291,373			303,357
Commercial real estate
Owner-occupied			704,806			684,405			666,948			643,519			650,771
Nonowner-occupied			819,996			819,363			799,420			801,644			818,367
Multi-Family			377,392			328,154			331,370			321,453			319,905
Construction & land development			215,341			245,423			238,455			246,065			258,817
Commercial & industrial			547,145			541,646			528,873			488,786			481,219
Lease financing receivables			21,572			20,710			20,523			96,605			96,547
Aircraft			202,729			202,388			203,120			202,742			211,910
Home equity			429,812			425,662			413,638			399,691			387,599
Consumer:
Credit cards			11,422			11,659			10,711			10,787			10,315
Overdrafts			825			802			971			881			826
Automobile loans			645			678			738			813			916
Other consumer			5,692			6,151			8,204			9,210			9,705
Total Traditional Banking			4,655,509			4,596,291			4,546,297			4,558,306			4,582,152
Warehouse lines of credit			614,696			629,848			754,090			609,826			671,773
Total Core Banking			5,270,205			5,226,139			5,300,387			5,168,132			5,253,925

Republic Processing Group:
Tax Refund Solutions:
Refund Advances			—			8,458			12,924			—			—
Other TRS commercial & industrial loans			156			701			19,473			292			95
Republic Credit Solutions			140,045			131,675			113,545			112,950			119,000
Total Republic Processing Group			140,201			140,834			145,942			113,242			119,095

Total Loans - Total Company		$	5,410,406		$	5,366,973		$	5,446,329		$	5,281,374		$	5,373,020

Allowance for Credit Losses on Loans:

Traditional Banking		$	63,806		$	64,041		$	63,662		$	58,479		$	59,055
Warehouse Lending			1,533			1,571			1,882			1,522			1,676
Total Core Banking			65,339			65,612			65,544			60,001			60,731

Tax Refund Solutions			1			6,344			333			1			—
Republic Credit Solutions			22,427			19,884			19,475			19,863			21,029
Total Republic Processing Group			22,428			26,228			19,808			19,864			21,029

Total Allowance - Total Company		$	87,767		$	91,840		$	85,352		$	79,865		$	81,760

Allowance to Total Loans:

Traditional Banking			1.37	%		1.39	%		1.40	%		1.28	%		1.29
Warehouse Lending			0.25			0.25			0.25			0.25			0.25
Total Core Banking			1.24			1.26			1.24			1.16			1.16

Tax Refund Solutions			0.64			69.27			1.03			0.34			—
Republic Credit Solutions			16.01			15.10			17.15			17.59			17.67
Total Republic Processing Group			16.00			18.62			13.57			17.54			17.66

Total Company			1.62			1.71			1.57			1.51			1.52

S-7

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026 (continued)

(Dollars in thousands, except per-share amounts, number of employees, and number of banking centers, unless otherwise noted.)



Credit Quality Data and Ratios
	As of and for the Three Months Ended															As of and for the Six Months Ended
	Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Jun. 30, 2026			Jun. 30, 2025

Nonperforming Assets - Total Company:
Loans on nonaccrual status	$	30,645		$	31,784		$	23,806		$	21,572		$	21,537		$	30,645		$	21,537
Loans past due 90-days-or-more and still on accrual		83			68			161			137			105			83			105
Total nonperforming loans		30,728			31,852			23,967			21,709			21,642			30,728			21,642
OREO		843			896			1,277			1,246			1,054			843			1,054
Total nonperforming assets	$	31,571		$	32,748		$	25,244		$	22,955		$	22,696		$	31,571		$	22,696

Nonperforming Assets - Core Bank:
Loans on nonaccrual status	$	30,645		$	31,784		$	23,806		$	21,572		$	21,537		$	30,645		$	21,537
Loans past due 90-days-or-more and still on accrual		4			—			—			—			—			4			—
Total nonperforming loans		30,649			31,784			23,806			21,572			21,537			30,649			21,537
OREO		843			896			1,277			1,246			1,054			843			1,054
Total nonperforming assets	$	31,492		$	32,680		$	25,083		$	22,818		$	22,591		$	31,492		$	22,591

Delinquent Loans:
Core Bank	$	18,436		$	33,052		$	13,925		$	10,691		$	9,953		$	18,436		$	9,953
RPG		10,054			9,690			8,938			8,691			9,133			10,054			9,133
Total delinquent loans - Total Company	$	28,490		$	42,742		$	22,863		$	19,382		$	19,086		$	28,490		$	19,086

NCOs (Recoveries) by Segment:
Traditional Banking	$	92		$	326		$	879		$	251		$	313		$	418		$	449
Warehouse Lending		—			—			—			—			—			—			—
Core Bank		92			326			879			251			313			418			449
Tax Refund Solutions		5,297			(669)			(894)			(1,468)			22,049			4,628			21,356
Republic Credit Solutions		3,841			3,635			4,607			5,135			4,004			7,476			7,908
RPG		9,138			2,966			3,713			3,667			26,053			12,104			29,264
Total NCOs (recoveries) - Total Company	$	9,230		$	3,292		$	4,592		$	3,918		$	26,366		$	12,522		$	29,713

Credit Quality Ratios - Total Company:

Nonperforming loans to total loans		0.57	%		0.59	%		0.44	%		0.41	%		0.40	%		0.57	%		0.40	%
Nonperforming assets to total loans (including OREO)		0.58			0.61			0.46			0.43			0.42			0.58			0.42
Nonperforming assets to total assets		0.45			0.45			0.36			0.33			0.33			0.45			0.33
Allowance for credit losses to total loans		1.62			1.71			1.57			1.51			1.52			1.62			1.52
Allowance for credit losses to nonperforming loans		286			288			356			368			378			286			378
Delinquent loans to total loans (7)		0.53			0.80			0.42			0.37			0.36			0.53			0.36
Annualized NCOs (recoveries) to average loans		0.69			0.24			0.34			0.29			1.99			0.47			1.99

Credit Quality Ratios - Core Bank:

Nonperforming loans to total loans		0.58	%		0.61	%		0.45	%		0.42	%		0.41	%		0.58	%		0.41	%
Nonperforming assets to total loans (including OREO)		0.60			0.63			0.47			0.44			0.43			0.60			0.43
Nonperforming assets to total assets		0.49			0.49			0.38			0.35			0.35			0.49			0.35
Allowance for credit losses to total loans		1.24			1.26			1.24			1.16			1.16			1.24			1.16
Allowance for credit losses to nonperforming loans		213			206			275			278			282			213			282
Delinquent loans to total loans (7)		0.35			0.63			0.26			0.21			0.19			0.35			0.19
Annualized NCOs (recoveries) to average loans		0.01			0.03			0.07			0.02			0.02			0.02			0.02

TRS Refund Advances ("RAs and ERAs")

RAs and ERAs originated	$	—		$	246,396		$	12,924		$	—		$	—		$	246,396		$	662,556
Net (credit) charge to the Provision for RAs and ERAs		(1,056)			5,318			(598)			(1,454)			(3,934)			4,262			11,401
RAs and ERAs NCOs (recoveries)		5,227			(669)			(894)			(1,454)			21,885			4,558			21,194

S-8

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026 (continued)

Segment information for the three and six months ended June 30, 2026, and 2025 follows:


	Three Months Ended June 30, 2026
	Core Banking									Republic Processing Group
								Total			Tax			Republic			Republic
		Traditional			Warehouse			Core			Refund			Payment			Credit			Total		Total
(dollars in thousands)		Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG		Company

Net interest income	$	60,375		$	3,744		$	64,119		$	27		$	3,006		$	14,550		$	17,583		$	81,702

Provision for expected credit loss expense		(143)			(38)			(181)			(1,046)			—			6,384			5,338			5,157

Net refund transfer fees		—			—			—			3,208			—			—			3,208			3,208
Mortgage banking income		1,799			—			1,799			—			—			—			—			1,799
Program fees		—			—			—			—			743			4,315			5,058			5,058
Other noninterest income		9,443			23			9,466			37			1			—			38			9,504
Total noninterest income		11,242			23			11,265			3,245			744			4,315			8,304			19,569

Total noninterest expense		44,878			987			45,865			2,100			1,293			4,306			7,699			53,564

Income before income tax expense		26,882			2,818			29,700			2,218			2,457			8,175			12,850			42,550
Income tax expense		6,212			676			6,888			473			535			1,788			2,796			9,684

Net income	$	20,670		$	2,142		$	22,812		$	1,745		$	1,922		$	6,387		$	10,054		$	32,866

Period-end assets	$	5,770,433		$	614,989		$	6,385,422		$	20,226		$	494,952		$	161,229		$	676,407		$	7,061,829

Net interest margin		4.16	%		2.59	%		4.02	%		NM			NM			NM			NM			4.99	%

Net-revenue concentration*		70	%		4	%		74	%		3	%		4	%		19	%		26	%		100	%


	Three Months Ended June 30, 2025
	Core Banking									Republic Processing Group
								Total			Tax			Republic			Republic
		Traditional			Warehouse			Core			Refund			Payment			Credit			Total			Total
(dollars in thousands)		Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG			Company

Net interest income	$	56,380		$	3,549		$	59,929		$	62		$	3,563		$	12,648		$	16,273		$	76,202

Provision for expected credit loss expense		517			255			772			(3,932)			—			4,983			1,051			1,823

Net refund transfer fees		—			—			—			2,567			—			—			2,567			2,567
Mortgage banking income		1,896			—			1,896			—			—			—			—			1,896
Program fees		—			—			—			—			735			3,716			4,451			4,451
Other noninterest income		8,550			23			8,573			156			1			—			157			8,730
Total noninterest income		10,446			23			10,469			2,723			736			3,716			7,175			17,644

Total noninterest expense		44,633			951			45,584			2,504			1,179			2,366			6,049			51,633

Income before income tax expense		21,676			2,366			24,042			4,213			3,120			9,015			16,348			40,390
Income tax expense		4,820			533			5,353			901			679			1,973			3,553			8,906

Net income	$	16,856		$	1,833		$	18,689		$	3,312		$	2,441		$	7,042		$	12,795		$	31,484

Period-end assets	$	5,788,697		$	672,166		$	6,460,863		$	32,771		$	346,586		$	130,697		$	510,054		$	6,970,917

Net interest margin		3.84	%		2.51	%		3.72	%		NM			NM			NM			NM			4.61	%

Net-revenue concentration*		71	%		4	%		75	%		3	%		5	%		17	%		25	%		100	%

* Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

S-10

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Second Quarter 2026 (continued)


	Six Months Ended June 30, 2026
	Core Banking									Republic Processing Group
								Total			Tax			Republic			Republic
		Traditional			Warehouse			Core			Refund			Payment			Credit			Total			Total
(dollars in thousands)		Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG			Company

Net interest income	$	119,702		$	7,644		$	127,346		$	11,457		$	6,043		$	27,308		$	44,808		$	172,154

Provision for expected credit loss expense		562			(349)			213			4,296			—			10,428			14,724			14,937

Net refund transfer fees		—			—			—			12,733			—			—			12,733			12,733
Mortgage banking income		3,624			—			3,624			—			—			—			—			3,624
Program fees		—			—			—			—			1,519			8,088			9,607			9,607
Gain on sale of Republic Bank Finance loans/leases		5,845			—			5,845			—			—			—			—			5,845
Other noninterest income		17,548			47			17,595			120			3			1			124			17,719
Total noninterest income		27,017			47			27,064			12,853			1,522			8,089			22,464			49,528

Total noninterest expense		91,266			1,923			93,189			5,365			2,472			7,784			15,621			108,810

Income before income tax expense		54,891			6,117			61,008			14,649			5,093			17,185			36,927			97,935
Income tax expense		12,969			1,468			14,437			3,193			1,111			3,759			8,063			22,500

Net income	$	41,922		$	4,649		$	46,571		$	11,456		$	3,982		$	13,426		$	28,864		$	75,435

Period-end assets	$	5,770,433		$	614,989		$	6,385,422		$	20,226		$	494,952		$	161,229		$	676,407		$	7,061,829

Net interest margin		4.13	%		2.59	%		3.99	%		NM			NM			NM			NM			5.23	%

Net-revenue concentration*		67	%		3	%		70	%		11	%		3	%		16	%		30	%		100	%


	Six Months Ended June 30, 2025
	Core Banking									Republic Processing Group
								Total			Tax			Republic			Republic
		Traditional			Warehouse			Core			Refund			Payment			Credit			Total			Total
(dollars in thousands)		Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG			Company

Net interest income	$	109,701		$	6,577		$	116,278		$	29,874		$	7,557		$	25,181		$	62,612		$	178,890

Provision for expected credit loss expense		(252)			302			50			11,495			—			7,950			19,445			19,495

Net refund transfer fees		—			—			—			16,460			—			—			16,460			16,460
Mortgage banking income		3,717			—			3,717			—			—			—			—			3,717
Program fees		—			—			—			—			1,502			6,771			8,273			8,273
Gain on sale of Visa Class B-1 shares		4,090			—			4,090			—			—			—			—			4,090
Other noninterest income		18,003			43			18,046			210			1			1			212			18,258
Total noninterest income		25,810			43			25,853			16,670			1,503			6,772			24,945			50,798

Total noninterest expense		94,539			1,823			96,362			5,727			2,239			5,513			13,479			109,841

Income before income tax expense		41,224			4,495			45,719			29,322			6,821			18,490			54,633			100,352
Income tax expense		8,656			1,013			9,669			6,399			1,485			4,047			11,931			21,600

Net income	$	32,568		$	3,482		$	36,050		$	22,923		$	5,336		$	14,443		$	42,702		$	78,752

Period-end assets	$	5,788,697		$	672,166		$	6,460,863		$	32,771		$	346,586		$	130,697		$	510,054		$	6,970,917

Net interest margin		3.81	%		2.59	%		3.71	%		NM			NM	%		NM			NM			5.44	%

Net-revenue concentration*		59	%		3	%		62	%		20	%		4	%		14	%		38	%		100	%

* Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

S-11

Earnings Release Financial Supplement

Footnotes:

(1)

In the ordinary course of business, the Bank originates both mortgage and consumer loans with the intent to sell. Mortgage loans held for sale are primarily originated and sold into the secondary market through the Traditional Banking segment, while consumer loans held for sale are originated and sold through the Republic Credit Solutions segment. Gains on the sale of mortgage loans are recorded as a component of “Mortgage Banking” income. Gains on the sale of Republic Credit Solutions consumer loans are recorded as a component of “Program Fees.”

During the second quarter of 2025, the Traditional Banking segment entered into an agreement to sell its consumer credit card portfolio. As a result, these loans were transferred from held for investment to loans held for sale, and the related gain was recorded as a component of other noninterest income during the second quarter of 2025.

During the fourth quarter of 2025, the Traditional Banking segment entered into an agreement to sell approximately $82 million of Republic Bank Finance loans and lease financing receivables. As a result, these loans and lease financing receivables were transferred from held for investment to loans held for sale, and the related gain was recorded as a component of noninterest income during the first quarter of 2026.



	As of and for the Three Months Ended											As of and for the Six Months Ended
(dollars in thousands)	Jun. 30, 2026			Mar. 31, 2026		Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Jun. 30, 2026		Jun. 30, 2025

Mortgage Loans Held for Sale

Balance, beginning of period	$	12,953		$	7,516	$	15,338	$	8,850	$	9,140	$	7,516	$	8,312
Originations		67,334			47,990		58,417		59,494		51,788		115,324		93,021
Transferred from held for investment to held for sale		—			—		—		—		—		—		—
Proceeds from sales		(65,182)			(44,042)		(67,560)		(54,716)		(53,561)		(109,224)		(95,377)
Net gain on sale		1,461			1,489		1,321		1,710		1,483		2,950		2,894
Balance, end of period	$	16,566		$	12,953	$	7,516	$	15,338	$	8,850	$	16,566	$	8,850

Consumer Loans Held for Sale

Balance, beginning of period	$	28,829		$	27,995	$	24,868	$	27,952	$	32,125	$	27,995	$	24,075
Originations		379,542			291,165		277,273		271,718		321,127		670,707		587,778
Transferred from held for investment to held for sale		—			—		—		—		—		—		4,977
Proceeds from sales		(371,254)			(294,104)		(277,926)		(278,908)		(329,345)		(665,358)		(595,978)
Net gain on sale		4,314			3,773		3,780		4,106		4,045		8,087		7,100
Balance, end of period	$	41,431		$	28,829	$	27,995	$	24,868	$	27,952	$	41,431	$	27,952

Other Loans Held for Sale

Balance, beginning of period	$	—		$	81,839	$	—	$	—	$	—	$	81,839	$	—
Transferred from held for investment to held for sale		—			—		81,839		—		—		—		—
Proceeds from sales		—			(87,684)		—		—		—		(87,684)		—
Net gain on sale		—			5,845		—		—		—		5,845		—
Balance, end of period	$	—		$	—	$	81,839	$	—	$	—	$	—	$	—

(2)	Loan fee income can meaningfully impact total interest income, loan yields, net interest income, net interest margin, and net interest spread. The following table presents total loan fees by reportable segment:



	Three Months Ended										Six Months Ended
(in thousands)	Jun. 30, 2026		Mar. 31, 2026		Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Jun. 30, 2026		Jun. 30, 2025

Traditional Banking	$	1,264	$	1,304	$	2,003	$	1,393	$	1,367	$	2,568	$	2,658
Warehouse Lending		361		396		362		364		369		757		679
Total Core Bank		1,625		1,700		2,365		1,757		1,736		3,325		3,337
Tax Refund Solutions		77		13,528		288		17		25		13,605		33,700
Republic Credit Solutions		14,036		12,441		11,411		12,123		12,434		26,477		24,671
Total Republic Processing Group		14,113		25,969		11,699		12,140		12,459		40,082		58,371

Total Loan Fees	$	15,738	$	27,669	$	14,064	$	13,897	$	14,195	$	43,407	$	61,708

S-12

(3)

The following table reconciles total stockholders’ equity in accordance with GAAP to tangible stockholders’ equity, a non-GAAP measure. The Company provides tangible book value per share, a non-GAAP measure, in addition to measures defined by banking regulators, because it is widely used by investors to evaluate capital adequacy.


	As of
(dollars in thousands, except per share data)	Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025

Total stockholders' equity - GAAP (a)	$	1,156,797		$	1,133,387		$	1,102,293		$	1,084,520		$	1,060,106
Less: Goodwill		40,516			40,516			40,516			40,516			40,516
Less: Mortgage servicing rights		6,783			6,693			6,811			6,798			6,840
Less: Core deposit intangible		1,343			1,432			1,535			1,637			1,739
Tangible stockholders' equity - Non-GAAP (c)	$	1,108,155		$	1,084,746		$	1,053,431		$	1,035,569		$	1,011,011

Total assets - GAAP (b)	$	7,061,829		$	7,253,279		$	7,042,061		$	7,014,919		$	6,970,917
Less: Goodwill		40,516			40,516			40,516			40,516			40,516
Less: Mortgage servicing rights		6,783			6,693			6,811			6,798			6,840
Less: Core deposit intangible		1,343			1,432			1,535			1,637			1,739
Tangible assets - Non-GAAP (d)	$	7,013,187		$	7,204,638		$	6,993,199		$	6,965,968		$	6,921,822

Total stockholders' equity to total assets - GAAP (a/b)		16.38	%		15.63	%		15.65	%		15.46	%		15.21	%
Tangible stockholders' equity to tangible assets - Non-GAAP (c/d)		15.80	%		15.06	%		15.06	%		14.87	%		14.61	%

Number of shares outstanding (e)		19,635			19,615			19,541			19,536			19,527

Book value per share - GAAP (a/e)	$	58.92		$	57.78		$	56.41		$	55.51		$	54.29
Tangible book value per share - Non-GAAP (c/e)		56.44			55.30			53.91			53.01			51.78

(4)

The efficiency ratio, a non-GAAP measure, equals total noninterest expense divided by total revenue, which is the sum of net interest income and noninterest income. The adjusted efficiency ratio, a non-GAAP measure with no directly comparable GAAP measure, excludes notable infrequent or nonrecurring revenues and expenses related to the gain on sale of Republic Bank Finance, the nonrenewal of a large tax provider contract, the gain on the sale of Visa Class B-1 shares, the gain on sale of consumer credit cards, insurance proceeds received, the early termination penalty on Federal Home Loan Bank advances and core system deconversion and related consulting fees.



	Three Months Ended															Six Months Ended
(dollars in thousands)	Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Jun. 30, 2026			Jun. 30, 2025

Net interest income - GAAP (a)	$	81,702		$	90,452		$	78,810		$	76,970		$	76,202		$	172,154		$	178,890
Noninterest income - GAAP (b)		19,569			29,959			15,459			16,568			17,644			49,528			50,798
Total net revenue - GAAP (c)	$	101,271		$	120,411		$	94,269		$	93,538		$	93,846		$	221,682		$	229,688
Less: Gain on sale of Republic Bank Finance	$	—		$	5,845		$	—		$	—		$	—			5,845			—
Less: Nonrenewal of a large tax provider contract		—			—			(280)			580			2,201			—			13,004
Less: Gain on sale of Visa Class B-1 shares		—			—			—			—			—			—			4,090
Less: Gain on sale of consumer credit card portfolio		—			—			—			—			328			—			328
Less: Insurance recovery		—			—			—			—			—			—			1,571
Total adjusted revenue - Non-GAAP (e)	$	101,271		$	114,566		$	94,549		$	92,958		$	91,317		$	215,837		$	210,695


Noninterest expense - GAAP (d)	$	53,564		$	55,246		$	56,595		$	53,753		$	51,633		$	108,810		$	109,841
Less: Early termination penalty - FHLB advances		—			2,316			—			—			—			2,316			—
Less: Core system deconversion and consulting fees		—			—			220			97			182			—			5,896
Total adjusted noninterest expense - Non-GAAP (f)	$	53,564		$	52,930		$	56,375		$	53,656		$	51,451		$	106,494		$	103,945

Efficiency Ratio - GAAP (d/c)		52.9	%		45.9	%		60.0	%		57.5	%		55.0	%		49.1	%		47.8	%
Adjusted Efficiency Ratio - Non-GAAP (f/e)		52.9	%		46.2	%		59.6	%		57.7	%		56.3	%		49.3	%		49.3	%

S-13


		BALANCE SHEET DATA	S-2

		AVERAGE BALANCE SHEET DATA	S-3

		TOTAL COMPANY AVERAGE BALANCE SHEETS AND INTEREST RATES	S-4

		INCOME STATEMENT DATA	S-5

		SELECTED DATA AND RATIOS	S-6

		LOAN COMPOSITION	S-7

		ALLOWANCE FOR CREDIT LOSSES ON LOANS	S-7

		CREDIT QUALITY DATA AND RATIOS	S-8

		SEGMENT DATA	S-9

		FOOTNOTES	S-12


Reportable Segment:	Nature of Operations:	Primary Drivers of Net Revenue:

Core Banking:

Traditional Banking	Provides traditional banking products to clients in its market footprint via its banking center network and to clients outside of its market footprint primarily via its digital delivery channels.	Net interest income

Warehouse Lending	Provides short-term, revolving credit facilities to mortgage bankers across the U.S.	Net interest income

Republic Processing Group:

Tax Refund Solutions	Offers tax-related credit products and facilitates the receipt and payment of federal and state tax refunds through Refund Transfer products. TRS products are primarily provided to clients outside of the Bank’s market footprint.	Net interest income and Net refund transfer fees

Republic Payment Solutions	Offers general-purpose reloadable cards. RPS products are primarily provided to clients outside of the Bank’s market footprint.	Net interest income and Program fees

Republic Credit Solutions	Offers consumer credit products. RCS products are primarily provided to clients outside of the Bank’s market footprint, with a substantial portion of RCS clients considered subprime or near-prime borrowers.	Net interest income and Program fees