Republic Bancorp, Inc. (RBCAA: Quote) said its net income for the first quarter increased to $82.5 million from $71.41 million in the prior year. Earnings per Class A share advanced to $3.92 from $3.40.
Net interest income for the quarter fell year-over-year to $73.22 million from $83.97 million. Meanwhile, total non interest income rose to $106.81 million from $87.31 million in the previous year.
Analysts polled by Thomson Reuters expected the company to earn $3.51 per share on revenues of $172.05 million for the quarter. Analysts' estimates typically exclude special items.
by RTT Staff Writer
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