The American Bankers Association’s Banking Journal’s April 2011 issue ranks Louisville-based Republic Bancorp as one of the nation’s top financial institutions with assets of $3 billion or more.
Republic was listed fourth in the publication’s 19th annual ranking, which was determined by the Return on Average Total Equity (ROAE) as compiled by Highline Financial LLC, a source of banking information and analytics serving the financial industry.
In an overview of the analysis, Banking Journal noted that the “top performing institutions remained more efficient than their peers and maintained lower levels of nonperforming loans. They maintained yields on assets despite the prevailing interest rate environment.”
Republic is the parent company of Republic Bank & Trust Co., which has 35 banking centers in 13 Kentucky communities and three banking centers in southern Indiana, and Republic Bank, which has banking centers in Cincinnati, Ohio, and three Florida communities. The company also operates Tax Refund Solutions, a nationwide tax refund loan and check provider.
Republic has $3.6 billion in assets and $1 billion in trust assets under custody and management.