Filing Flows › Republic Bancorp (RBCAA) › Q1 2025
Republic Bancorp (RBCAA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Republic Bancorp (RBCAA) reported revenue of $136M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +52% from the quarter before. Operating margin was 44.1%, net earnings $47.3M (34.8% of revenue).
Republic Bancorp, Q1 2025: revenue $136M (+13% year over year), operating margin 44.1%, net earnings $47.3M, operating cash flow $89.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $136M | +52% | +13% |
| Operating profit | $60.0M | +160% | +55% |
| Net earnings | $47.3M | +149% | +54% |
| Operating cash flow | $89.1M | +295% | +25% |
| Free cash flow | $87.5M | +305% | +27% |
What changed
Revenue was $135.8M in Q1 2025, up 13% year over year and up 52% from the previous quarter. Traditional Banking was the largest line at 51% of revenue. Traditional Banking added $12.1M year over year (up 21%), 78% of the total change.
Operating profit was $60.0M, a 44.1% margin (up 12.0 points year over year). Of the extra revenue versus a year earlier, 137% reached operating profit, above the 32% margin then. Total costs fell 7% while revenue rose 13%. Net earnings were $47.3M, up 54% year over year. The effective tax rate was 21.2%.
Operating cash flow was $89.1M (up 25% year over year), 188% of net earnings. Non-cash charges added back $1.9M of depreciation and amortization and $190K of share-based compensation. Working capital and other items added $39.7M. Capital expenditures of $1.6M left free cash flow of $87.5M.
Questions
What was Republic Bancorp's revenue in the first quarter 2025?
Republic Bancorp (RBCAA) reported revenue of $136M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +52% from the quarter before.
Was Republic Bancorp profitable in the first quarter 2025?
Operating profit was $60.0M (44.1% of revenue) and net earnings $47.3M.
Source: Republic Bancorp 10-Q on SEC EDGAR.