Republic Bancorp Inc. /Ky/

Funding Liabilities (Deposits and Borrowings) As it relates to the Core Bank s decrease in interest expense and cost of interest-bearing liabilities: o The weighted-average cost of total interest-bearing deposits decreased from 2.77% during the third quarter of 2024 to 2.32% for the third quarter of 2025, while average interest-bearing deposit balances grew $260 million, or 7%, for the same periods.

SEC original ↗Republic Bancorp Inc. /Ky/ — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Projections of financial performance , including incorrect assumptions by management of future financial performance regarding revenue, expenses, cost saving opportunities, capital expenditures, EPS, dividends, and capital structure, which may differ materially from actual results.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

Interest-bearing liabilities primarily consist of interest-bearing deposit accounts, SSUAR, and short-term and long-term borrowing sources.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

FHLB advances have traditionally served as a significant borrowing and liquidity source for the Bank.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

Credit opportunities are generally driven by the following: companies expanding their businesses; companies acquiring new businesses; and/or companies refinancing existing debt from other institutions.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

The Business Banking group , reporting under Retail Banking in most markets, focuses on locally based small businesses in the Bank s market footprint with primary annual revenues up to $10 million and borrowings between $350,000 and $1 million.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

Conflicting figures recorded for this item — see “Conflicting figures” below.

Logan Pichel, President & CEO of Republic Bank & Trust Company commented, We delivered another strong quarter, fueled by a 15% increase in Core Bank net income, underscoring the continued momentum of our strategy and the dedication of our entire team.

SEC original ↗Republic Bancorp Inc. /Ky/ — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Our disciplined approach to pricing across the Core Bank balance sheet continued to generate significant Net Interest Margin ( NIM ) expansion - from 3.53% in the third quarter of 2024, to 3.78% in the third quarter of 2025.

SEC original ↗Republic Bancorp Inc. /Ky/ — Earnings release (8-K exhibit)EX-99Oct 17, 2025

With Total Company interest-earning assets of $6.26 billion, each additional basis point of margin expansion contributes meaningfully to our net interest income.

SEC original ↗Republic Bancorp Inc. /Ky/ — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Within our Traditional Bank, total loans declined $24 million from June 30, 2025 to $4.56 billion as of September 30, 2025, consistent with our ongoing focus on pricing discipline.

SEC original ↗Republic Bancorp Inc. /Ky/ — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Steadily moderating our loan-to-deposit ratio to enhance flexibility for key strategic decisions has been a key focus of the Company over the past several quarters.

SEC original ↗Republic Bancorp Inc. /Ky/ — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict.

SEC original ↗Republic Bancorp Inc. /Ky/ — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

There is no assurance that the following list of risks and uncertainties is complete.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

However, risks and uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements include: Financial, Economic, and Market Risks Litigation and regulatory outcomes , including liabilities, costs, expenses, settlements, judgments, or adverse decisions in litigation or regulatory proceedings.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

and global financial system , including volatility in the capital and bond markets, inflationary pressures, tariffs, threats to the FRB s independence and potential global economic downturns.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026

Operational changes and integration risk , including: o Financial and operational impact thresholds that trigger enhanced governance reviews; o Integration challenges from acquired institutions, new systems and related savings realization; o AI, particularly generative AI, adoption risks including performance failures, bias, or reliance on third-party AI vendors, and more effective adoption by industry competitors; o Third-party/vendor dependencies, including contractual, data security, and operational integrity risks; and o Cross-departmental impact, which introduces complexity and coordination risk, potentially requiring multiple governance body reviews.

SEC original ↗Republic Bancorp Inc. /Ky/ — 10-K Annual report10-KMar 6, 2026