Number one in Kentucky: S&P Global Market Intelligence Names Republic Bank among America's 50 Best Community Banks
Republic ranked highest among Kentucky-headquartered banks for second consecutive year
S&P Global Market Intelligence has named Republic Bank & Trust Company ("Republic" or "the Bank") a Top 50 Community Bank with assets of $3-10 billion based on 2024 performance.
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Republic Bank Named one of America's Top 50 large Community Banks based on 2024 performance by S&P Global Market Intelligence.
Ranking 17th nationally, Republic is the highest ranked of any bank or financial institution headquartered in Kentucky. S&P Global Market Intelligence ranks institutions based on returns, growth and funding, but places an emphasis on the strength and risk profile of balance sheets.
"To be named a Top Community Bank by S&P Global Market Intelligence two years in a row – moving up to 17th from 29th last year – underscores Republic Bank's strength and stability," said Steve Trager, Republic Bank Executive Chair. "For more than 40 years, we've built an institution that instills confidence in our clients, associates and all of the communities we serve."
S&P Global Market Intelligence calculated scores based on eight metrics: pretax return on average assets, net interest margin, efficiency ratio, 3-year average operating revenue change, 8-quarter average deposit change, nonperforming assets and loans 90 days or more past due as a percentage of total assets, net charge-offs-to-average loans and leases ratio, and adjusted tangible common equity-to-tangible assets ratio.
"We're honored to be among not just the top 50, but the top 20 community banks nationwide, and to be recognized by S&P Global Market Intelligence as the highest-ranked bank based in Kentucky for the second consecutive year," said Logan Pichel, Republic Bank President and Chief Executive Officer. "Our Net Promoter Score is well over two-and-a-half times* the industry average, which demonstrates our ongoing effort to meet our clients' unique and varying financial needs."
The full list of S&P Global Market Intelligence's 2024 Top Bank and Credit Union Rankings – National can be found here.
*Source: Republic Bank Q3 2024 NPS® (Net Promoter Score) compared to Qualtrics XM Institute 2024 U.S. Consumer Benchmark Study banking industry NPS®. NPS® is a common metric used by organizations to measure how they are perceived by their customers. See https://www.xminstitute.com/data-snippets/xmi-ratings-overall-2024/
About Republic Bank
Republic Bancorp, Inc. (the "Company") is the parent company of Republic Bank & Trust Company ("the Bank"). The Bank currently has 47 banking centers in communities within five metropolitan statistical areas ("MSAs") across five states: 22 banking centers located within the Louisville MSA in Louisville, Prospect, Shelbyville, and Shepherdsville in Kentucky, and Floyds Knobs, Jeffersonville, and New Albany in Indiana; six banking centers within the Lexington MSA in Georgetown and Lexington in Kentucky; eight banking centers within the Cincinnati MSA in Cincinnati and West Chester in Ohio, and Bellevue, Covington, Crestview Hills, and Florence in Kentucky; seven banking centers within the Tampa MSA in Largo, New Port Richey, St. Petersburg, Seminole, and Tampa in Florida; and four banking centers within the Nashville MSA in Franklin, Murfreesboro, Nashville and Spring Hill, Tennessee. In addition, Republic Bank Finance has one loan production office in St. Louis, Missouri. The Bank offers internet banking at www.republicbank.com. The Company is headquartered in Louisville, Kentucky, and as of December 31, 2024, had approximately $6.8 billion in assets. The Company's Class A Common Stock is listed under the symbol "RBCAA" on the NASDAQ Global Select Market.
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Media Contact
Courtney Eder, Senior Vice President, Chief Marketing Officer
(502) 584-3600