XML 52 R41.htm IDEA: XBRL DOCUMENT

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2026


	Three Months Ended March 31, 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)	$	59,327		$	3,900		$	63,227		$	11,430		$	3,037		$	12,758		$	27,225		$	90,452

Noninterest income:
Service charges on deposit accounts		3,859			22			3,881			—			1			1			2			3,883
Net refund transfer fees		—			—			—			9,525			—			—			9,525			9,525
Mortgage banking income (1)		1,825			—			1,825			—			—			—			—			1,825
Interchange fee income		2,839			—			2,839			33			1			—			34			2,873
Program fees (1)		—			—			—			—			776			3,773			4,549			4,549
Increase in cash surrender value of BOLI (1)		930			—			930			—			—			—			—			930
Net losses on other real estate owned		(50)			—			(50)			—			—			—			—			(50)
Gain on sale of Republic Bank Finance ("RBF") loans/leases (1)		5,845			—			5,845			—			—			—			—			5,845
Other		527			2			529			50			—			—			50			579
Total noninterest income		15,775			24			15,799			9,608			778			3,774			14,160			29,959

Total net revenue	$	75,102		$	3,924		$	79,026		$	21,038		$	3,815		$	16,532		$	41,385		$	120,411

Net-revenue concentration (2)		63	%		3	%		66	%		17	%		3	%		14	%		34	%		100	%


	Three Months Ended March 31, 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)	$	53,321		$	3,028		$	56,349		$	29,812		$	3,994		$	12,533		$	46,339		$	102,688

Noninterest income:
Service charges on deposit accounts		3,439			20			3,459			—			—			1			1			3,460
Net refund transfer fees		—			—			—			13,893			—			—			13,893			13,893
Mortgage banking income (1)		1,821			—			1,821			—			—			—			—			1,821
Interchange fee income		3,044			—			3,044			33			—			—			33			3,077
Program fees (1)		—			—			—			—			767			3,055			3,822			3,822
Increase in cash surrender value of BOLI (1)		793			—			793			—			—			—			—			793
Net losses on other real estate owned		(53)			—			(53)			—			—			—			—			(53)
Gain on sale of Visa Class B-1 shares (1)		4,090			—			4,090			—			—			—			—			4,090
Other		2,230			—			2,230			21			—			—			21			2,251
Total noninterest income		15,364			20			15,384			13,947			767			3,056			17,770			33,154

Total net revenue	$	68,685		$	3,048		$	71,733		$	43,759		$	4,761		$	15,589		$	64,109		$	135,842

Net-revenue concentration (2)		51	%		2	%		53	%		32	%		4	%		11	%		47	%		100	%

(1)	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.