Republic Bank & Trust Co.
Louisville, Kentucky · $7.05B in assets · beside the 11 other the South Central states banks between $3B and $10B (the state alone holds too few in the band to rank)
The filing
Republic Bank & Trust Co. is the fourth largest of the 12 the South Central states banks nearest its size between $3B and $10B, with $7.05B in assets at 30 June 2026. Loans are 97.2% of deposits, the highest in the cohort against a median of 86.1%, and equity is 15.4% of assets, the highest in the cohort. Loans grew +1.1% in the year, 11th of 12, and deposits grew 4.6%; the cohort's median loan growth is +8.1%.
Noncurrent loans are 0.56% of the book, 6th of 12 against a median of 0.57%; 0.28% is 30 to 89 days past due, and the allowance covers them 2.9 times. Net charge-offs are 0.46% of loans, 10th of 12. Commercial real estate is 25.8% of loans, 3rd of 12 against a median of 34.8%, and 125% of capital, below the 300% screen, with construction at 19% against the 100% screen.
Return on assets is 2.12%, the highest in the cohort against a median of 1.26%, on an efficiency ratio of 48.8%, 4th of 12. Five years ago it was 1.55%. The question is what the capital is for: the balance sheet carries less risk than it could.
SBA 7(a), FY2008 to FY2026
Republic Bank & Trust Co. is the 6th largest 7(a) lender into Kentucky of 267, with $136M across 414 loans, 4.4% of everything approved in the state (The Huntington National Bank leads with $254M). 31 of its 61 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.
| County | Approved | Rank | Share | Trend |
|---|---|---|---|---|
| Jefferson, KY | $89M | 2nd of 123 | 10.4% | -5.0 pts |
| Fayette, KY | $13M | 7th of 85 | 4.3% | -4.1 pts |
| Kenton, KY | $12M | 3rd of 52 | 6.0% | -17.3 pts |
| Pinellas, FL | $8M | 51st of 171 | 0.5% | -1.3 pts |
| Hillsborough, FL | $7M | 65th of 195 | 0.3% | -0.7 pts |
| Butler, OH | $6M | 20th of 82 | 1.2% | +2.5 pts |
| Williamson, TN | $5M | 25th of 112 | 1.1% | -4.7 pts |
| Oldham, KY | $5M | 7th of 40 | 5.8% | -7.4 pts |
| Davidson, TN | $5M | 36th of 164 | 0.5% | -0.9 pts |
| Hamilton, OH | $4M | 42nd of 122 | 0.3% | +0.6 pts |
| Jessamine, KY | $4M | 2nd of 31 | 12.7% | +14.8 pts |
| Floyd, IN | $4M | 10th of 40 | 4.9% | thin |
| Sumner, TN | $4M | 18th of 66 | 2.1% | quiet FY2022 |
| Industry | Loans | Approved | Share of book | Share of sector | Rank |
|---|---|---|---|---|---|
| Accommodation & food services | 90 | $32M | 16.3% | 0.04% | 289th of 2,596 |
| Manufacturing | 57 | $23M | 11.7% | 0.06% | 269th of 2,246 |
| Health care & social assistance | 83 | $22M | 10.9% | 0.05% | 246th of 2,172 |
| Construction | 64 | $20M | 9.8% | 0.06% | 238th of 2,063 |
| Professional & technical services | 50 | $20M | 9.8% | 0.06% | 197th of 1,955 |
Commercial real estate against capital
| Republic Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 125% | 1st of 12 | 218% |
| Construction against capital, the 100% screen | 19% | 1st of 12 | 59% |
| Construction and land development, share of loans | 3.9% | 1st of 12 | 9.3% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 15.0% | 4th of 12 | 18.7% |
| Total CRE, the guidance definition, share of loans | 25.8% | 3rd of 12 | 34.8% |
| CRE growth over 36 months, the third prong | +13.5% | 4th of 12 | +21.4% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $8.89B | 1.2% | 61.5% | 1.26% | 0.12% | 0.9% | 91.6% | 12.2% | |
| $8.58B | 1.8% | 43.5% | 0.14% | 0.46% | 2.3% | 67.6% | 14.1% | |
| $8.38B | 1.3% | 62.3% | 0.64% | 0.05% | 1.1% | 87.3% | 11.2% | |
| $7.05B | 2.1% | 48.8% | 0.56% | 0.46% | 1.6% | 97.2% | 15.4% | |
| $6.95B | 1.6% | 46.7% | 0.58% | 0.09% | 1.2% | 90.5% | 13.1% | |
| $6.11B | 1.1% | 58.4% | 0.24% | 0.03% | 1.0% | 87.0% | 10.8% | |
| $5.98B | 1.4% | 52.7% | 0.63% | 0.04% | 1.3% | 84.2% | 10.1% | |
| $5.09B | 1.1% | 65.1% | 0.25% | 0.01% | 1.1% | 75.8% | 8.5% | |
| $4.02B | 1.5% | 47.4% | 0.48% | 0.02% | 1.4% | 81.6% | 8.8% | |
| $4.01B | 1.3% | 69.7% | 0.21% | -0.03% | 1.0% | 96.6% | 12.5% | |
| $3.89B | 0.4% | 68.9% | 2.30% | 1.33% | 1.9% | 50.9% | 6.7% | |
| $3.86B | 1.1% | 74.0% | 1.60% | 0.42% | 1.8% | 85.2% | 8.4% |
| Republic Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $4.61B | $5.47B | +19% | $2.57B | $4.54B | +77% |
| Deposits | $5.10B | $5.63B | +10% | $3.48B | $5.36B | +54% |
| NPA / loans | 0.48% | 0.56% | +0.08 pts | 0.45% | 0.57% | +0.12 pts |
| Efficiency | 65.5% | 48.8% | -16.7 pts | 62.4% | 60.0% | -2.5 pts |
| ROA | 1.55% | 2.12% | +0.57 pts | 1.28% | 1.26% | -0.02 pts |
This read was prepared for Republic Bank & Trust Co.'s board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Republic Bank & Trust Co. is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort South Central states banks $3B to $10B
Institution www.republicbank.com
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