REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2025


	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 (1)	$	56,380		$	3,549		$	59,929		$	62		$	3,563		$	12,648		$	16,273		$	76,202

Noninterest income:
Service charges on deposit accounts		3,482			23			3,505			—			—			—			—			3,505
Net refund transfer fees		—			—			—			2,567			—			—			2,567			2,567
Mortgage banking income (1)		1,896			—			1,896			—			—			—			—			1,896
Interchange fee income		3,157			—			3,157			42			1			—			43			3,200
Program fees (1)		—			—			—			—			735			3,716			4,451			4,451
Increase in cash surrender value of BOLI (1)		821			—			821			—			—			—			—			821
Net losses on OREO		(53)			—			(53)			—			—			—			—			(53)
Gain on sale of Visa Class B-1 Shares (1)		—			—			—			—			—			—			—			—
Other		1,143			—			1,143			114			—			—			114			1,257
Total noninterest income		10,446			23			10,469			2,723			736			3,716			7,175			17,644

Total net revenue	$	66,826		$	3,572		$	70,398		$	2,785		$	4,299		$	16,364		$	23,448		$	93,846

Net-revenue concentration (2)		71	%		4	%		75	%		3	%		5	%		17	%		25	%		100	%


	Three Months Ended June 30, 2024
	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 (1)	$	49,915		$	2,914		$	52,829		$	823		$	2,930		$	11,954		$	15,707		$	68,536

Noninterest income:
Service charges on deposit accounts		3,513			13			3,526			—			—			—			—			3,526
Net refund transfer fees		—			—			—			3,811			—			—			3,811			3,811
Mortgage banking income (1)		1,612			—			1,612			—			—			—			—			1,612
Interchange fee income		3,313			—			3,313			36			1			1			38			3,351
Program fees (1)		—			—			—			—			760			3,638			4,398			4,398
Increase in cash surrender value of BOLI (1)		792			—			792			—			—			—			—			792
Net losses on OREO		(48)			—			(48)			—			—			—			—			(48)
Other		865			—			865			39			—			—			39			904
Total noninterest income		10,047			13			10,060			3,886			761			3,639			8,286			18,346

Total net revenue	$	59,962		$	2,927		$	62,889		$	4,709		$	3,691		$	15,593		$	23,993		$	86,882

Net-revenue concentration (2)		70	%		3	%		73	%		5	%		4	%		18	%		27	%		100	%

(1)	This revenue is not subject to ASC 606.

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


	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 (1)	$	109,701		$	6,577		$	116,278		$	29,874		$	7,557		$	25,181		$	62,612		$	178,890

Noninterest income:
Service charges on deposit accounts		6,921			43			6,964			—			—			1			1			6,965
Net refund transfer fees		—			—			—			16,460			—			—			16,460			16,460
Mortgage banking income (1)		3,717			—			3,717			—			—			—			—			3,717
Interchange fee income		6,201			—			6,201			75			1			—			76			6,277
Program fees (1)		—			—			—			—			1,502			6,771			8,273			8,273
Increase in cash surrender value of BOLI (1)		1,614			—			1,614			—			—			—			—			1,614
Net losses on OREO		(106)			—			(106)			—			—			—			—			(106)
Gain on sale of Visa Class B-1 Shares (1)		4,090			—			4,090			—			—			—			—			4,090
Other		3,373			—			3,373			135			—			—			135			3,508
Total noninterest income		25,810			43			25,853			16,670			1,503			6,772			24,945			50,798

Total net revenue	$	135,511		$	6,620		$	142,131		$	46,544		$	9,060		$	31,953		$	87,557		$	229,688

Net-revenue concentration (2)		59	%		3	%		62	%		20	%		4	%		14	%		38	%		100	%


	Six Months Ended June 30, 2024
	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 (1)	$	98,174		$	5,171		$	103,345		$	31,733		$	6,438		$	23,939		$	62,110		$	165,455

Noninterest income:
Service charges on deposit accounts		6,812			26			6,838			—			—			1			1			6,839
Net refund transfer fees		—			—			—			14,631			—			—			14,631			14,631
Mortgage banking income (1)		1,922			—			1,922			—			—			—			—			1,922
Interchange fee income		6,430			—			6,430			75			2			1			78			6,508
Program fees (1)		—			—			—			—			1,533			7,044			8,577			8,577
Increase in cash surrender value of BOLI (1)		1,546			—			1,546			—			—			—			—			1,546
Net losses on OREO		(101)			—			(101)			—			—			—			—			(101)
Other		1,734			—			1,734			63			—			—			63			1,797
Total noninterest income		18,343			26			18,369			14,769			1,535			7,046			23,350			41,719

Total net revenue	$	116,517		$	5,197		$	121,714		$	46,502		$	7,973		$	30,985		$	85,460		$	207,174

Net-revenue concentration (2)		56	%		3	%		59	%		22	%		4	%		15	%		41	%		100	%

(1)	This revenue is not subject to ASC 606.

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