SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2026

SEGMENT INFORMATION

Schedule of segment information


		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 (1)			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

Salaries and employee benefits			26,000			754				26,754				1,717			1,124			1,348				4,189					30,943
Technology, equipment, and communication			7,427			46				7,473				81			20			1,112				1,213					8,686
Occupancy			3,358			30				3,388				61			5			6				72					3,460
Marketing and development			1,374			—				1,374				34			—			1,689				1,723					3,097
Other noninterest expense (2)			6,719			157				6,876				207			144			151				502					7,378
Total noninterest expense			44,878			987				45,865				2,100			1,293			4,306				7,699					53,564

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

Net income (loss)		$	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

Period-end loans		$	4,655,509		$	614,696				5,270,205			$	156		$	—		$	140,045			$	140,201				$	5,410,406

Period-end deposits		$	4,940,270		$	43,798				4,984,068			$	19,178		$	494,754		$	53,742			$	567,674				$	5,551,742

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 (1)			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

Salaries and employee benefits			25,866			735				26,601				1,963			1,035			1,202				4,200					30,801
Technology, equipment, and communication			7,427			45				7,472				132			27			1,053				1,212					8,684
Occupancy			3,291			30				3,321				60			5			5				70					3,391
Marketing and development			1,150			—				1,150				103			—			(10)				93					1,243
Core conversion and related contract consulting fees			182			—				182				—			—			—				—					182
Other noninterest expense (2)			6,717			141				6,858				246			112			116				474					7,332
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

Period-end loans		$	4,582,152		$	671,773			$	5,253,925			$	95		$	—		$	119,000			$	119,095				$	5,373,020

Period-end deposits		$	4,849,544		$	37,704			$	4,887,248			$	31,374		$	346,586		$	52,031			$	429,991				$	5,317,239

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.

(1) Other noninterest income includes service charges on deposit accounts, interchange fee income, increase in cash surrender value of BOLI, net losses on OREO and other noninterest income.

(2) Other noninterest expense includes FDIC insurance expense, interchange related expense, legal and professional fees, and other noninterest expense.


		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 and leases			5,845			—				5,845				—			—			—				—					5,845
Other noninterest income (1)			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

Salaries and employee benefits			52,639			1,477				54,116				4,242			2,123			2,579				8,944					63,060
Technology, equipment, and communication			14,229			94				14,323				170			40			2,099				2,309					16,632
Occupancy			6,897			61				6,958				128			11			11				150					7,108
Marketing and development			1,964			—				1,964				91			—			2,820				2,911					4,875
FHLB advances early termination penalties			2,316			—				2,316				—			—			—				—					2,316
Other noninterest expense (2)			13,221			291				13,512				734			298			275				1,307					14,819
Total noninterest expense			91,266			1,923				93,189				5,365			2,472			7,784				15,621					108,810

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

Net income (loss)		$	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

Period-end loans		$	4,655,509		$	614,696			$	5,270,205			$	156		$	—		$	140,045			$	140,201				$	5,410,406

Period-end deposits		$	4,940,270		$	43,798			$	4,984,068			$	19,178		$	494,754		$	53,742			$	567,674				$	5,551,742

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 (1)			4,090			—				4,090				—			—			—				—					4,090
Other noninterest income (1)			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

Salaries and employee benefits			52,124			1,428				53,552				4,161			1,902			2,255				8,318					61,870
Technology, equipment, and communication			14,874			80				14,954				317			44			2,012				2,373					17,327
Occupancy			6,754			60				6,814				121			10			10				141					6,955
Marketing and development			1,438			—				1,438				178			—			1,014				1,192					2,630
Core conversion and related contract consulting fees			5,896			—				5,896				—			—			—				—					5,896
Other noninterest expense (2)			13,453			255				13,708				950			283			222				1,455					15,163
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

Period-end loans		$	4,582,152		$	671,773			$	5,253,925			$	95		$	—		$	119,000			$	119,095				$	5,373,020

Period-end deposits		$	4,849,544		$	37,704			$	4,887,248			$	31,374		$	346,586		$	52,031			$	429,991				$	5,317,239

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.

(1) Other noninterest income includes service charges on deposit accounts, interchange fee income, increase in cash surrender value of BOLI, net losses on OREO and other noninterest income.

(2) Other noninterest expense includes FDIC insurance expense, interchange related expense, legal and professional fees, and other noninterest expense.