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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

SEGMENT INFORMATION

Schedule of segment information


		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		$	59,327		$	3,900			$	63,227			$	11,430		$	3,037		$	12,758			$	27,225				$	90,452

Provision for expected credit loss expense			705			(311)				394				5,342			—			4,044				9,386					9,780

Net refund transfer fees			—			—				—				9,525			—			—				9,525					9,525
Mortgage banking income			1,825			—				1,825				—			—			—				—					1,825
Program fees			—			—				—				—			776			3,773				4,549					4,549
Gain on sale of Republic Bank Finance ("RBF") loans/leases			5,845			—				5,845				—			—			—				—					5,845
Other noninterest income (1)			8,105			24				8,129				83			2			1				86					8,215
Total noninterest income			15,775			24				15,799				9,608			778			3,774				14,160					29,959

Salaries and employee benefits			26,639			723				27,362				2,525			999			1,231				4,755					32,117
Technology, Equipment, and Communication			6,802			48				6,850				89			20			987				1,096					7,946
Occupancy			3,539			31				3,570				67			6			5				78					3,648
Marketing and development			590			—				590				57			—			1,131				1,188					1,778
FHLB advances early termination penalties			2,316			—				2,316				—			—			—				—					2,316
Other noninterest expense (2)			6,502			134				6,636				527			154			124				805					7,441
Total noninterest expense			46,388			936				47,324				3,265			1,179			3,478				7,922					55,246

Income (loss) before income tax expense			28,009			3,299				31,308				12,431			2,636			9,010				24,077					55,385
Income tax expense (benefit)			6,757			792				7,549				2,720			576			1,971				5,267					12,816

Net income (loss)		$	21,252		$	2,507			$	23,759			$	9,711		$	2,060		$	7,039			$	18,810				$	42,569

Period-end assets		$	6,060,972		$	629,878			$	6,690,850			$	69,707		$	349,831		$	142,891			$	562,429				$	7,253,279

Period-end loans		$	4,596,291		$	629,848				5,226,139			$	9,159		$	—		$	131,675			$	140,834				$	5,366,973

Period-end deposits		$	4,996,617		$	40,083				5,036,700			$	63,277		$	349,831		$	59,312			$	472,420				$	5,509,120

Net interest margin			4.10	%		2.59	%			3.96	%			NM			NM			NM				NM					5.46	%

Net-revenue concentration*			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		$	53,321		$	3,028			$	56,349			$	29,812		$	3,994		$	12,533			$	46,339				$	102,688

Provision for expected credit loss expense			(769)			47				(722)				15,427			—			2,967				18,394					17,672

Net refund transfer fees			—			—				—				13,893			—			—				13,893					13,893
Mortgage banking income			1,821			—				1,821				—			—			—				—					1,821
Program fees			—			—				—				—			767			3,055				3,822					3,822
Gain on sale of Visa Class B-1 shares (1)			4,090			—				4,090				—			—			—				—					4,090
Other noninterest income (1)			9,453			20				9,473				54			—			1				55					9,528
Total noninterest income			15,364			20				15,384				13,947			767			3,056				17,770					33,154

Salaries and employee benefits			26,258			693				26,951				2,198			867			1,053				4,118					31,069
Technology, Equipment, and Communication			7,447			35				7,482				185			17			959				1,161					8,643
Occupancy			3,463			30				3,493				61			5			5				71					3,564
Marketing and development			288			—				288				75			—			1,024				1,099					1,387
Contract conversion and related consulting fees			5,714			—				5,714				—			—			—				—					5,714
Other noninterest expense (2)			6,736			114				6,850				704			171			106				981					7,831
Total noninterest expense			49,906			872				50,778				3,223			1,060			3,147				7,430					58,208

Income before income tax expense			19,548			2,129				21,677				25,109			3,701			9,475				38,285					59,962
Income tax expense			3,836			480				4,316				5,498			806			2,074				8,378					12,694

Net income		$	15,712		$	1,649			$	17,361			$	19,611		$	2,895		$	7,401			$	29,907				$	47,268

Period-end assets		$	5,797,416		$	569,862			$	6,367,278			$	192,037		$	386,362		$	129,878			$	708,277				$	7,075,555

Period-end loans		$	4,566,359		$	569,502			$	5,135,861			$	36,185		$	—		$	117,747			$	153,932				$	5,289,793

Period-end deposits		$	4,741,912		$	39,961			$	4,781,873			$	178,510		$	386,361		$	59,148			$	624,019				$	5,405,892

Net interest margin			3.79	%		2.68	%			3.70	%			NM			4.55	%		NM				NM					6.28	%

Net-revenue concentration*			51	%		2	%			53	%			32	%		4	%		11	%			47	%				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.