REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2026

The following tables present net revenue and net revenue concentration by reportable segment:


	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 (1)	$	60,375		$	3,744		$	64,119		$	27		$	3,006		$	14,550		$	17,583		$	81,702

Noninterest income:
Service charges on deposit accounts		4,044			23			4,067			—			1			—			1			4,068
Net refund transfer fees		—			—			—			3,208			—			—			3,208			3,208
Mortgage banking income (1)		1,799			—			1,799			—			—			—			—			1,799
Interchange fee income		3,590			—			3,590			33			—			—			33			3,623
Program fees (1)		—			—			—			—			743			4,315			5,058			5,058
Increase in cash surrender value of BOLI (1)		943			—			943			—			—			—			—			943
Net losses on other real estate owned		(41)			—			(41)			—			—			—			—			(41)
Other		907			—			907			4			—			—			4			911
Total noninterest income		11,242			23			11,265			3,245			744			4,315			8,304			19,569

Total net revenue	$	71,617		$	3,767		$	75,384		$	3,272		$	3,750		$	18,865		$	25,887		$	101,271

Net-revenue concentration (2)		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 (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 other real estate owned		(53)			—			(53)			—			—			—			—			(53)
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	%

(1)	Revenue component 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, 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 (1)	$	119,702		$	7,644		$	127,346		$	11,457		$	6,043		$	27,308		$	44,808		$	172,154

Noninterest income:
Service charges on deposit accounts		7,903			45			7,948			—			2			1			3			7,951
Net refund transfer fees		—			—			—			12,733			—			—			12,733			12,733
Mortgage banking income (1)		3,624			—			3,624			—			—			—			—			3,624
Interchange fee income		6,429			—			6,429			66			1			—			67			6,496
Program fees (1)		—			—			—			—			1,519			8,088			9,607			9,607
Increase in cash surrender value of BOLI (1)		1,873			—			1,873			—			—			—			—			1,873
Net losses on other real estate owned		(91)			—			(91)			—			—			—			—			(91)
Gain on sale of Republic Bank Finance loans and leases		5,845			—			5,845			—			—			—			—			5,845
Other		1,434			2			1,436			54			—			—			54			1,490
Total noninterest income		27,017			47			27,064			12,853			1,522			8,089			22,464			49,528

Total net revenue	$	146,719		$	7,691		$	154,410		$	24,310		$	7,565		$	35,397		$	67,272		$	221,682

Net-revenue concentration (2)		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 (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 other real estate owned		(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	%

(1)	Revenue component 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.