LOUISVILLE, Ky. (AP) _ Republic Bancorp Inc. (RBCAA) on Friday reported second-quarter profit of $23.9 million.
The Louisville, Kentucky-based bank said it had earnings of $1.16 per share. Earnings, adjusted to account for discontinued operations, came to 8 cents per share.
The holding company for Republic Bank & Trust posted revenue of $67 million in the period. Its revenue net of interest expense was $65.4 million, topping Street forecasts.
Republic Bancorp shares have increased 31% since the beginning of the year. The stock has climbed 54% in the last 12 months.
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