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LOUISVILLE, Ky.–(BUSINESS WIRE)–Republic Bancorp, Inc. (NASDAQ: RBCAA), headquartered in Louisville, Kentucky, is the captivation aggregation for Republic Bank & Trust Aggregation (the “Bank”).

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Republic Bancorp, Inc. (“Republic” or the “Company”) is admiring to address aboriginal analysis net assets of $17.7 million, a 29% access over the aboriginal analysis of 2015, constant in Diluted Balance per Chic A Common Allotment of $0.85. Acknowledgment on boilerplate assets (“ROA”) and acknowledgment on boilerplate disinterestedness (“ROE”) were 1.60% and 12.07%, respectively, for the aboriginal analysis of 2016.

Steve Trager, Republic’s Chairman and Arch Executive Officer, commented: “I am aflame to say that afterwards advancing off a absolute acknowledged year in 2015, the adventure for the aboriginal analysis of 2016 continues to be absolute and constant with our solid 2015 after-effects in several areas. On the assets statement, net assets already afresh grew accurately during the aboriginal analysis in both our Core and non-traditional business segments, acknowledgment to solid top-line acquirement growth. On the antithesis sheet, acclaim affection remained solid as our Core Bank behind loans to absolute loans arrangement accomplished the aboriginal analysis of 2016 at 0.25%. In addition, drop advance at the Core Bank remained strong, growing $147 actor for the quarter, continuing our drive from 2015. These connected absolute trends on the assets account and antithesis area accord me ample optimism for 2016.”

The afterward table highlights Republic’s cyberbanking achievement for the aboriginal analysis of 2016 compared to the aforementioned aeon in 2015:

After-effects of Operations for the Aboriginal Analysis of 2016 Compared to the Aboriginal Analysis of 2015

Core Bank(1) – Net assets from Core Cyberbanking was $8.1 actor for the aboriginal analysis of 2016, an access of $1.5 million, or 22%, from the aboriginal analysis of 2015. The access in net assets for the aboriginal analysis of 2016 was apprenticed primarily by college net absorption assets and college altering acquirement accumulated with a connected bashful accouterment for accommodation and charter losses.

Net absorption assets at the Core Bank added to $31.3 actor during the aboriginal analysis of 2016, a $2.9 million, or 10%, access over the aboriginal analysis of 2015. The access in net absorption assets was primarily the aftereffect of the $229 million, or 8%, year-over-year access in the Core Bank’s boilerplate loans outstanding. The able advance in boilerplate loans outstanding added than account the abrogating appulse to the Core Bank’s net absorption assets constant from a abatement of bristles abject credibility to its net absorption allowance from the aboriginal analysis of 2015 to the aboriginal analysis of 2016.

The all-embracing change in the Core Bank’s period-end and boilerplate accommodation balances by alpha approach is presented below:

Able accommodation advance in the Core Bank’s Acceptable Arrangement throughout 2015 was the primary disciplinarian to the Core Bank’s all-embracing access in boilerplate loans from the aboriginal analysis of 2015 to the aboriginal analysis of 2016. The Acceptable Network’s advance in boilerplate loans was decidedly able in its Home Disinterestedness Ambit of Acclaim (“HELOCs”), as able-bodied as its Commercial Absolute Acreage (“CRE”) and Commercial & Industrial (“C&I”) portfolios, which added $46 million, $71 actor and $55 million, respectively. Year-over-year advance in HELOCs was apprenticed primarily by a acknowledged business attack for its promotional product, while advance in the commercial-related categories was primarily apprenticed by a able assembly year from the Core Bank’s Commercial and Corporate Cyberbanking Department.

Aural the Barn Lending (“Warehouse”) segment, net absorption assets remained solid back compared to the aboriginal analysis of 2015, as acceptance of Barn ambit of acclaim connected to be almost aerial amid the Core Bank’s audience during the quarter. Boilerplate Barn balances for the aboriginal analysis of 2016 were $293 million, a $12 actor access from a able aboriginal analysis of 2015. The crop for Barn ambit of acclaim during the aboriginal analysis of 2016 added 16 abject credibility from the aforementioned aeon in 2015, as a favorable about-face constant from an access in concise absorption ante was partially account by a abrogating about-face from aggressive appraisement pressures.

Net absorption assets at the Core Bank additionally connected to accept a solid accession from the Company’s 2012 FDIC-assisted transactions. Net absorption assets from these affairs during the aboriginal analysis of 2016 was $1.1 actor compared to $598,000 during the aboriginal analysis of 2015. Overall, accession assets from the 2012 FDIC-assisted affairs contributed seven abject credibility and one abject point to the Core Bank’s net absorption allowance during these periods.

The Core Bank’s accouterment for accommodation and charter losses remained agreeably low for the aboriginal analysis of 2016. Accouterment bulk for the aboriginal abode of 2016 and 2015 primarily represented an access in accepted accident reserves, apprenticed by the advance in the Core Bank’s accommodation portfolio. The table beneath illustrates the Core Bank’s well-regarded acclaim affection ratios for the best contempo analysis end and the antecedent three agenda year ends:

Noninterest assets for the Core Bank was $7.5 actor during the aboriginal analysis of 2016 compared to $6.8 actor for the aboriginal analysis of 2015. Impacting the Core Bank’s noninterest assets comparisons amid the aboriginal abode of 2016 and 2015 were the following:

Core Bank noninterest costs added $1.5 million, or 6%, from the aboriginal analysis of 2015 to the aforementioned aeon in 2016. The access was primarily due to college bacon bulk as the Core Bank added 63 added full-time agnate advisers over the antecedent 12 months.

Republic Processing Group (“RPG”) – The RPG articulation appear net assets of $9.7 actor for the aboriginal analysis of 2016 compared to $7.2 actor for the aforementioned aeon in 2015. The college aboriginal analysis 2016 net assets was primarily the aftereffect of an 11% access in net Acquittance Alteration (“RT”) acquirement constant from a appropriately solid access in RT volume. The access in RT acquirement was added complemented by net revenues generated from the Easy Advance (“EA”) product, which was a new artefact alms for the aboriginal analysis of 2016. Absorption assets on EAs was $5.2 actor for the aboriginal analysis of 2016 and was partially account by a $3.6 actor estimated accouterment for accommodation losses. The estimated accommodation accident accouterment for EAs equated to 2.90% of absolute EA originations for the quarter.

(For added advice on the artefact appearance of the EA, see Allotment I, Item 1. blue-blooded “Business” in the Company’s Form 10K filed with the Balance and Exchange Commission on March 11, 2016.)

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The Tax Acquittance Solutions (“TRS”) analysis of RPG accounts for the majority of RPG’s annualized revenues and expenses. TRS derives essentially all of its revenues during the aboriginal and additional abode of the year and historically operates at a net accident during the additional bisected of the year, as the Aggregation prepares for the aing tax season.

Conclusion

“Looking advanced to the of 2016, we accept acumen for abundant optimism, accustomed the success of our aboriginal analysis and the abeyant of the abounding initiatives that we accept activity at this time in both our Core Bank and our non-traditional RPG business lines. Aural our Core Bank, our achievement of the accretion and affiliation of Cornerstone Bank in St. Petersburg, Florida, charcoal our cardinal one focus. Republic is able to complete the acknowledged accretion of Cornerstone during the additional analysis of 2016, awaiting final authoritative approval, with our systems affiliation planned for mid-July. In accession to the Cornerstone acquisition, we additionally accept affairs to cycle out a separately-branded, absolutely agenda cyberbanking belvedere by the third analysis of 2016, as well. With audience agreement added and added bulk on the agenda commitment of their cyberbanking articles and services, we appetite to become a above amateur in the agenda cyberbanking amplitude to added accompaniment our brick-and-mortar strategy.

“Within our RPG business lines, we are in the absolute aboriginal stages of three new pilot programs. While not all pilot programs will ultimately prove to be successful, I am aflame about the beyond of opportunities our programs present and the adeptness they accord us to alter our acquirement streams and our applicant base, as we seek to consistently become one of the accomplished assuming cyberbanking institutions in the country,” assured Trager.

Republic Bancorp, Inc. (the “Company”) is the ancestor aggregation of Republic Bank & Trust Aggregation (the “Bank”). The Bank currently has 40 cyberbanking centers: 32 cyberbanking centers in 12 Kentucky communities – Covington, Crestwood, Elizabethtown, Florence, Frankfort, Georgetown, Independence, Lexington, Louisville, Owensboro, Shelbyville and Shepherdsville; three cyberbanking centers in southern Indiana – Floyds Knobs, Jeffersonville and New Albany; two cyberbanking centers in Florida – Port Richey and Temple Terrace; two cyberbanking centers in Tennessee – Cool Springs (Franklin) and Green Hills (Nashville); and one cyberbanking centermost in Blue Ash (Cincinnati), Ohio. The Bank offers internet cyberbanking at www.republicbank.com. The Aggregation has $4.2 billion in assets and is headquartered in Louisville, Kentucky. The Company’s Chic A Common Banal is listed beneath the attribute “RBCAA” on the NASDAQ Global Select Market.

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Forward-Looking Statements

This columnist absolution contains assertive advanced statements aural the acceptation of the Private Balance Litigation Reform Act of 1995. The advanced statements in the above-mentioned paragraphs are based on our accepted expectations and assumptions apropos our business, the approaching appulse to our antithesis area and assets statement, changes in absorption rates, the adeptness to advance articles and strategies in adjustment to accommodated the Company’s abiding cardinal goals, the adeptness to aing on approaching acquisitions, the abridgement and added approaching conditions. Because advanced statements chronicle to the future, they are accountable to inherent uncertainties, risks and changes in affairs that are difficult to predict. Our absolute after-effects may alter materially from those advised by the advanced statements. We attention you accordingly adjoin relying on any of these advanced statements. They are neither statements of absolute actuality nor guarantees or assurances of approaching performance. Important factors that could account absolute after-effects to alter materially from those in the advanced statements accommodate the absolute timing, consequence and abundance of absorption bulk changes, as able-bodied as the absolute changes in bazaar altitude and the appliance and timing of assorted administration strategies as compared to those projected in our absorption bulk model. Additionally, absolute after-effects could alter materially from the absorption bulk archetypal if absorption ante do not move appropriately beyond all credibility on the crop ambit and based aloft added factors appear from time to time in the Company’s filings with the U.S. Balance and Exchange Commission, including those factors set alternating as “Risk Factors” in the Company’s Annual Address on Form 10-K for the aeon concluded December 31, 2015. The Aggregation undertakes no obligation to amend any advanced statements. These advanced statements are fabricated alone as of the date of this release, and the Aggregation undertakes no obligation to absolution revisions to these advanced statements to reflect contest or altitude afterwards the date of this release.

Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution

(all amounts added than per allotment amounts, cardinal of advisers and cardinal of cyberbanking centers are bidding in bags unless contrarily noted)

Balance awash beneath agreements to repurchase and added concise borrowings

Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution (continued)

(all amounts added than per allotment amounts, cardinal of advisers and cardinal of cyberbanking centers are bidding in bags unless contrarily noted)

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2016

Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution (continued)

(all amounts added than per allotment amounts, cardinal of advisers and cardinal of cyberbanking centers are bidding in bags unless contrarily noted)

Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution (continued)

(all amounts added than per allotment amounts, cardinal of advisers and cardinal of cyberbanking centers are bidding in bags unless contrarily noted)

Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution (continued)

(all amounts added than per allotment amounts, cardinal of advisers and cardinal of cyberbanking centers are bidding in bags unless contrarily noted)

Balance awash beneath agreements to repurchase and added concise borrowings

Balance awash beneath agreements to repurchase and added concise borrowings

Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution (continued)

(all amounts added than per allotment amounts, cardinal of advisers and cardinal of cyberbanking centers are bidding in bags unless contrarily noted)

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Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution (continued)

(all amounts added than per allotment amounts, cardinal of advisers and cardinal of cyberbanking centers are bidding in bags unless contrarily noted)

Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution (continued)

(all amounts added than per allotment amounts, cardinal of advisers and cardinal of cyberbanking centers are bidding in bags unless contrarily noted)

Republic Bancorp, Inc. Cyberbanking InformationFirst Analysis 2016 Balance Absolution (continued)

Articulation Data:

Reportable segments are bent by the blazon of articles and casework offered and the akin of advice provided to the arch operating accommodation maker, who uses such advice to analysis achievement of assorted apparatus of the business (such as cyberbanking centers and business units), which are again aggregated if operating performance, products/services, and barter are similar.

As of March 31, 2016, the Aggregation was disconnected into four audible operating segments: Acceptable Banking, Barn Lending (“Warehouse”), Mortgage Cyberbanking and Republic Processing Group (“RPG”). Administration considers the aboriginal three segments to collectively aggregate “Core Bank” or “Core Banking” activities. Correspondent Lending operations are advised allotment of the Acceptable Cyberbanking segment. The RPG articulation includes the afterward divisions: Tax Acquittance Solutions (“TRS”), Republic Acquittal Solutions (“RPS”) and Republic Acclaim Solutions (“RCS”). TRS generates the majority of RPG’s income, with the almost abate capacity of RPG, RPS and RCS, advised immaterial for abstracted and absolute articulation reporting. All capacity of the RPG articulation accomplish through the Bank.

The attributes of articulation operations and the primary drivers of net revenues by reportable articulation are provided below:

Segment:

Attributes of Operations:

Primary Drivers of Net Revenues:

The accounting behavior acclimated for Republic’s reportable segments are the aforementioned as those declared in the arbitrary of cogent accounting behavior in the Company’s 2015 Annual Address on Form 10-K. Articulation achievement is evaluated application operating income. Goodwill is not allocated. Assets taxes are about allocated based on assets afore assets tax bulk unless specific articulation allocations can be analytic made. Affairs amid reportable segments are fabricated at accustomed value.

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Republic Bancorp, Inc. Cyberbanking Advice

Aboriginal Analysis 2016 Balance Absolution (continued)

Articulation advice for the three months concluded March 31, 2016 and 2015 follows:

TraditionalBanking

WarehouseLending

MortgageBanking

Absolute CoreBanking

RepublicProcessing Group

TraditionalBanking

WarehouseLending

MortgageBanking

Absolute CoreBanking

RepublicProcessing Group

Absolute Aggregation

Republic Bancorp, Inc. Cyberbanking Advice

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Aboriginal Analysis 2016 Balance Absolution (continued)

(1)

“Core Bank” or “Core Banking” operations abide of the Acceptable Banking, Barn Lending and Mortgage Cyberbanking segments.

(2)

The bulk of accommodation fee assets included in absolute absorption assets was $9.8 actor and $1.8 actor for the abode concluded March 31, 2016 and 2015.

The bulk of accommodation fee assets included in absolute absorption assets per analysis was as follows: $9.8 actor (quarter concluded March 31, 2016); $3.1 actor (quarter concluded December 31, 2015); $2.5 actor (quarter concluded September 30, 2015); $2.9 actor (quarter concluded June 30, 2015); and $1.8 actor (quarter concluded March 31, 2015).

(3)

The afterward table provides a adaptation of absolute stockholders’ disinterestedness in accordance with U.S. About Accepted Accounting Principles to actual stockholders’ disinterestedness in accordance with applicative authoritative requirements. The Aggregation provides the actual book bulk ratio, in accession to those authentic by cyberbanking regulators, because of its boundless use by investors as a agency to appraise basic adequacy.

(4)

The ability arrangement equals absolute noninterest bulk disconnected by the sum of net absorption assets and noninterest income. The arrangement excludes net assets (losses) on sales, calls and crime of advance securities, if applicable.

(5)

The bulk of deposits arrangement equals annualized absolute absorption bulk on deposits disconnected by absolute boilerplate interest-bearing deposits additional absolute boilerplate noninterest-bearing deposits.

(6)

The behind loans to absolute loans arrangement equals loans 30-days-or-more accomplished due disconnected by absolute loans. Depending on accommodation class, accommodation crime is bent by the cardinal of canicule or the cardinal of payments accomplished due.

NM – Not allusive

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