Filing Flows › Republic Bancorp (RBCAA) › Q1 2026
Republic Bancorp (RBCAA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Republic Bancorp (RBCAA) reported revenue of $120M for the first quarter 2026 (Q1 2026), -11% from a year earlier and +28% from the quarter before. Operating margin was 46.0%, net earnings $42.6M (35.4% of revenue).
Republic Bancorp, Q1 2026: revenue $120M (-11% year over year), operating margin 46.0%, net earnings $42.6M, operating cash flow $73.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | +28% | -11% |
| Operating profit | $55.4M | +101% | -8% |
| Net earnings | $42.6M | +87% | -10% |
| Operating cash flow | $73.0M | +119% | -18% |
| Free cash flow | $68.1M | +103% | -22% |
What changed
Revenue was $120.4M in Q1 2026, down 11% year over year and up 28% from the previous quarter. Traditional Banking was the largest line at 62% of revenue. Tax Refund Solutions lost $22.7M year over year (down 52%), 147% of the total change.
Operating profit was $55.4M, a 46.0% margin (up 1.9 points year over year). Total costs fell 14% while revenue fell 11%. Net earnings were $42.6M, down 10% year over year. The effective tax rate was 23.1%.
Operating cash flow was $73.0M (down 18% year over year), 172% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $507K of share-based compensation. Working capital and other items added $28.2M. Capital expenditures of $4.9M left free cash flow of $68.1M.
Questions
What was Republic Bancorp's revenue in the first quarter 2026?
Republic Bancorp (RBCAA) reported revenue of $120M for the first quarter 2026 (Q1 2026), -11% from a year earlier and +28% from the quarter before.
Was Republic Bancorp profitable in the first quarter 2026?
Operating profit was $55.4M (46.0% of revenue) and net earnings $42.6M.
Source: Republic Bancorp 10-Q on SEC EDGAR.