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Republic Bancorp RBCAA Tax Refund Solutions — Provision For Refund Advances

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HELEBeauty & Wellness — Tariff refunds, refund claims submitted, amount
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$1.46M+18.6%

Other financials

Income statement

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Revenue$101.3M+7.9%
Net income$32.9M+4.4%
EPS (diluted)$1.68+4.3%

Balance sheet

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Cash & equivalents$354.1M-27.0%
Total debt$30.1M-14.9%
Total equity$1.2B+9.1%
Total assets$7.1B+1.3%

Cash flow

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Operating cash flow$1.1M-87.3%
CapEx$1.2M-63.5%
Free cash flow$68.1M-22.2%

Valuation

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Market cap$1.96B+46.4%
Enterprise value$1.63B+84.2%
P/E15.3×+4.5×
P/S4.8×+1.5×

Profitability

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Net margin31.3%+0.7pp
FCF margin35.3%-5.1pp

Returns & leverage

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Return on equity11.5%-0.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Republic Bancorp in its filing.

Tagged under the XBRL concept rbcaa:ProvisionForRefundAdvances.

The source filing: Republic Bancorp’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 2:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-092605
(dollars in thousands)Three Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
ERAs/RAs originated$246,396$662,556
Net (credit) charge to the Provision for ERAs/RAs(1,056)(3,934)4,26211,401
Provision as a percentage of ERAs/RAs originatedNANA1.73%1.72%
Net ERA/RA charge-offs$5,227$21,885$4,558$21,194
Net ERA/RA charge-offs to total originationsNANA1.85%3.20%

Item 1. Financial Statements.

FAQ

What is Republic Bancorp's tax refund solutions — provision for refund advances?
Republic Bancorp (RBCAA) reported tax refund solutions — provision for refund advances of -$1.06M in Q2 2026.
How has Republic Bancorp's tax refund solutions — provision for refund advances changed year-over-year?
Republic Bancorp's tax refund solutions — provision for refund advances increased by 73.2% year-over-year, from -$3.93M to -$1.06M.
What is the long-term trend for Republic Bancorp's tax refund solutions — provision for refund advances?
Over 4 years (2021 to 2025), Republic Bancorp's tax refund solutions — provision for refund advances has grown at a 10.3% compound annual growth rate (CAGR), from $6.72M to $9.95M.
What does tax refund solutions — provision for refund advances mean?
An expense charged to the income statement to maintain the allowance for credit losses at an appropriate level for the tax refund advance portfolio. It reflects the anticipated risk of default for new and existing advances.

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