Exhibit 99.2

EARNINGS RELEASE FINANCIAL SUPPLEMENT

THIRD QUARTER 2025

TABLE OF CONTENTS

BALANCE SHEET DATA	S-2
AVERAGE BALANCE SHEET DATA	S-3
TOTAL COMPANY AVERAGE BALANCE SHEETS AND INTEREST RATES	S-4
INCOME STATEMENT DATA	S-5
SELECTED DATA AND RATIOS	S-6
LOAN COMPOSITION	S-7
ALLOWANCE FOR CREDIT LOSSES ON LOANS	S-7
CREDIT QUALITY DATA AND RATIOS	S-8
SEGMENT DATA	S-9
FOOTNOTES	S-12

S-1

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025

(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)

Balance Sheet Data
	As of
	Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Sep. 30, 2024
Assets:
Cash and cash equivalents	$	484,238	$	484,808	$	793,020	$	432,151	$	530,865
Investment securities		849,226		711,906		615,663		595,626		478,064
Loans held for sale		40,206		36,802		41,265		32,387		34,407
Loans		5,281,374		5,373,020		5,289,793		5,439,466		5,296,917
Allowance for credit losses		(79,865)		(81,760)		(106,303)		(91,978)		(82,158)
Loans, net		5,201,509		5,291,260		5,183,490		5,347,488		5,214,759
Federal Home Loan Bank ("FHLB") stock, at cost		25,849		24,568		26,748		24,478		23,981
Premises and equipment, net		37,884		36,651		31,996		32,309		33,007
Right-of-use assets		32,804		34,327		35,857		36,182		35,897
Goodwill		40,516		40,516		40,516		40,516		40,516
Other real estate owned ("OREO")		1,246		1,054		1,107		1,160		1,212
Bank owned life insurance ("BOLI")		109,773		108,738		107,918		107,125		106,288
Other assets and accrued interest receivable		191,668		200,287		197,975		197,245		193,474
Total assets	$	7,014,919	$	6,970,917	$	7,075,555	$	6,846,667	$	6,692,470
Liabilities and Stockholders' Equity:
Deposits:
Noninterest-bearing	$	1,239,023	$	1,223,016	$	1,375,234	$	1,207,764	$	1,260,086
Interest-bearing		4,099,322		4,094,223		4,030,658		4,002,782		3,841,610
Total deposits		5,338,345		5,317,239		5,405,892		5,210,546		5,101,696
Securities sold under agreements to
repurchase ("SSUAR") and other short-term borrowings		74,522		72,103		89,718		103,318		79,383
Operating lease liabilities		33,833		35,335		36,831		37,121		36,797
Federal Home Loan Bank advances		375,000		370,000		370,000		395,000		370,000
Other liabilities and accrued interest payable		108,699		116,134		139,025		108,653		124,889
Total liabilities		5,930,399		5,910,811		6,041,466		5,854,638		5,712,765
Stockholders' equity		1,084,520		1,060,106		1,034,089		992,029		979,705
Total liabilities and stockholders' equity	$	7,014,919	$	6,970,917	$	7,075,555	$	6,846,667	$	6,692,470

S-2

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)

Average Balance Sheet Data
	Three Months Ended										Nine Months Ended
	Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Sep. 30, 2024		Sep. 30, 2025		Sep. 30, 2024
Assets:
Interest-earning assets:
Federal funds sold and other interest-earning deposits	$	476,681	$	622,909	$	516,785	$	583,672	$	457,797	$	538,644	$	435,189
Investment securities, including FHLB stock		806,304		686,223		619,525		594,567		593,449		704,701		665,151
Loans, including loans held for sale		5,281,369		5,318,666		5,497,968		5,313,234		5,261,173		5,365,207		5,325,841
Total interest-earning assets		6,564,354		6,627,798		6,634,278		6,491,473		6,312,419		6,608,552		6,426,181
Allowance for credit losses		(81,196)		(105,726)		(102,271)		(82,301)		(81,567)		(96,320)		(95,352)
Noninterest-earning assets:
Noninterest-earning cash and cash equivalents		82,616		125,098		389,994		93,927		82,969		198,110		155,169
Premises and equipment, net		37,557		33,250		32,513		32,933		33,319		34,458		33,553
Bank owned life insurance		109,381		108,416		107,599		106,814		105,974		108,472		105,138
Other assets		279,166		273,195		273,643		257,780		258,704		275,358		254,126
Total assets	$	6,991,878	$	7,062,031	$	7,335,756	$	6,900,626	$	6,711,818	$	7,128,630	$	6,878,815
Liabilities and Stockholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits	$	4,078,925	$	4,081,209	$	4,041,991	$	3,921,291	$	3,820,078	$	4,067,511	$	3,890,796
SSUARs and other short-term borrowings		73,135		87,760		108,760		142,007		73,660		89,755		88,140
Federal Home Loan Bank advances		372,283		370,000		520,778		370,780		387,989		420,476		409,854
Total interest-bearing liabilities		4,524,343		4,538,969		4,671,529		4,434,078		4,281,727		4,577,742		4,388,790
Noninterest-bearing liabilities and Stockholders’ Equity:
Noninterest-bearing deposits		1,254,609		1,323,622		1,491,084		1,328,885		1,313,207		1,355,572		1,389,759
Other liabilities		131,269		143,941		150,299		140,228		140,761		141,767		145,883
Stockholders' equity		1,081,657		1,055,499		1,022,844		997,435		976,123		1,053,549		954,383
Total liabilities and stockholders’ equity	$	6,991,878	$	7,062,031	$	7,335,756	$	6,900,626	$	6,711,818	$	7,128,630	$	6,878,815

S-3

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)

Total Company Average Balance Sheet and Interest Rates

	Three Months Ended September 30, 2025						Three Months Ended September 30, 2024
	Average				Average		Average				Average
	Balance		Interest		Rate		Balance		Interest		Rate
ASSETS
Interest-earning assets:
Federal funds sold and other interest-earning deposits	$	476,681	$	5,292	4.40	%	$	457,797	$	6,172	5.36	%
Investment securities, including FHLB stock (a)		806,304		8,272	4.07			593,449		4,780	3.20
RCS LOC products (b)		45,764		12,123	105.10			46,805		12,935	109.94
Other RPG loans		90,362		1,591	6.99			106,634		2,133	7.96
Outstanding Warehouse lines of credit		575,273		10,180	7.02			528,363		10,672	8.04
Traditional Bank loans (c)		4,569,970		65,781	5.71			4,579,371		64,854	5.63
Total loans (d)		5,281,369		89,675	6.74			5,261,173		90,594	6.85
Total interest-earning assets		6,564,354		103,239	6.24			6,312,419		101,546	6.40
Allowance for credit losses		(81,196)						(81,567)
Noninterest-earning assets:
Noninterest-earning cash and cash equivalents		82,616						82,969
Premises and equipment, net		37,557						33,319
Bank owned life insurance		109,381						105,974
Other assets (a)		279,166						258,704
Total assets	$	6,991,878					$	6,711,818
LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest-bearing liabilities:
Transaction accounts	$	1,667,600	$	2,600	0.62	%	$	1,754,355	$	5,882	1.33	%
Money market accounts		1,490,557		10,969	2.92			1,215,354		10,770	3.53
Time deposits		463,657		4,363	3.73			390,413		3,952	4.03
Reciprocal money market and time deposits		334,939		2,763	3.27			372,725		4,030	4.30
Brokered deposits		122,172		1,399	4.54			87,231		1,168	5.33
Total interest-bearing deposits		4,078,925		22,094	2.15			3,820,078		25,802	2.69
SSUARs and other short-term borrowings		73,135		116	0.63			73,660		141	0.76
Federal Home Loan Bank advances		372,283		4,059	4.33			387,989		4,298	4.41
Total interest-bearing liabilities		4,524,343		26,269	2.30			4,281,727		30,241	2.81
Noninterest-bearing liabilities and Stockholders’ equity:
Noninterest-bearing deposits		1,254,609						1,313,207
Other liabilities		131,269						140,761
Stockholders’ equity		1,081,657						976,123
Total liabilities and stockholders’ equity	$	6,991,878					$	6,711,818
Net interest income			$	76,970					$	71,305
Net interest spread					3.94	%					3.59	%
Net interest margin					4.65	%					4.49	%

(a) For the purpose of this calculation, the fair market value adjustment on debt securities is included as a component of other assets.

(b) Interest income for TRS Refund Advances and RCS LOC products is composed entirely of loan fees.

(c) Average balances for loans include the principal balance of nonaccrual loans and loans held for sale, and are inclusive of all loan premiums, discounts, fees, and costs.

(d) See Footnote 1 for detail of loan fees by reporting segment.

S-4

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)

Income Statement Data
	Three Months Ended										Nine Months Ended
	Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Sep. 30, 2024		Sep. 30, 2025		Sep. 30, 2024
Total interest income (1)	$	103,239	$	102,203	$	129,838	$	103,108	$	101,546	$	335,280	$	329,878
Total interest expense		26,269		26,001		27,150		27,714		30,241		79,420		93,118
Net interest income		76,970		76,202		102,688		75,394		71,305		255,860		236,760
Provision (2)		2,023		1,823		17,672		12,951		5,660		21,518		41,425
Noninterest income:
Service charges on deposit accounts		3,646		3,505		3,460		3,654		3,693		10,611		10,532
Net refund transfer fees		1,117		2,567		13,893		143		582		17,577		15,213
Mortgage banking income (3)		2,064		1,896		1,821		1,454		2,062		5,781		3,984
Interchange fee income		3,030		3,200		3,077		3,173		3,286		9,307		9,794
Program fees (3)		4,888		4,451		3,822		4,279		4,962		13,161		13,539
Increase in cash surrender value of BOLI		1,035		821		793		836		826		2,649		2,372
Net losses on OREO		(52)		(53)		(53)		(52)		(53)		(158)		(154)
Gain on sale of Visa Class B-1 shares		—		—		4,090		—		—		4,090		—
Other (3)		840		1,257		2,251		631		1,455		4,348		3,252
Total noninterest income		16,568		17,644		33,154		14,118		16,813		67,366		58,532
Noninterest expense:
Salaries and employee benefits		31,027		30,801		31,069		30,999		28,792		92,897		87,651
Technology, equipment, and communication		8,710		8,684		8,643		8,316		7,544		26,037		22,374
Occupancy		3,547		3,391		3,564		3,401		3,224		10,502		10,455
Marketing and development		2,668		1,243		1,387		2,827		1,983		5,298		6,612
FDIC insurance expense		763		731		819		728		764		2,313		2,284
Interchange related expense		1,640		1,488		1,636		1,595		1,540		4,764		4,250
Legal and professional fees		1,100		666		1,118		794		870		2,884		2,695
Core conversion and contract consulting fees		97		182		5,714		—		—		5,993		—
Merger expense		—		—		—		—		—		—		41
Other (2)		4,201		4,447		4,258		4,851		3,892		12,906		12,852
Total noninterest expense		53,753		51,633		58,208		53,511		48,609		163,594		149,214
Income before income tax expense		37,762		40,390		59,962		23,050		33,849		138,114		104,653
Income tax expense		8,018		8,906		12,694		4,034		7,306		29,618		22,298
Net income	$	29,744	$	31,484	$	47,268	$	19,016	$	26,543	$	108,496	$	82,355

S-5

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)

Selected Data and Ratios
	As of and for the Three Months Ended															As of and for the Nine Months Ended
	Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Sep. 30, 2024			Sep. 30, 2025			Sep. 30, 2024
Per Share Data:
Basic weighted average shares outstanding		19,733			19,721			19,711			19,672			19,654			19,734			19,637
Diluted weighted average shares outstanding		19,791			19,784			19,797			19,778			19,735			19,803			19,709
Period-end shares outstanding:
Class A Common Stock		17,387			17,378			17,368			17,298			17,293			17,387			17,293
Class B Common Stock		2,149			2,149			2,150			2,150			2,150			2,149			2,150
Book value per share (4)	$	55.51		$	54.29		$	52.98		$	51.01		$	50.39		$	55.51		$	50.39
Tangible book value per share (4)		53.01			51.78			50.46			48.47			47.84			53.01			47.84
Earnings per share ("EPS"):
Basic EPS - Class A Common Stock	$	1.53		$	1.62		$	2.43		$	0.99		$	1.37		$	5.57		$	4.25
Basic EPS - Class B Common Stock		1.39			1.47			2.21			0.89			1.25			5.07			3.87
Diluted EPS - Class A Common Stock		1.52			1.61			2.42			0.98			1.37			5.55			4.24
Diluted EPS - Class B Common Stock		1.39			1.47			2.20			0.89			1.24			5.05			3.85
Cash dividends declared per Common share:
Class A Common Stock	$	0.451		$	0.451		$	0.451		$	0.407		$	0.407		$	1.353		$	1.221
Class B Common Stock		0.410			0.410			0.410			0.370			0.370			1.230			1.110
Performance Ratios:
Return on average assets		1.69	%		1.79	%		2.61	%		1.10	%		1.58	%		2.03	%		1.60	%
Return on average equity		10.91			11.96			18.74			7.63			10.88			13.77			11.53
Efficiency ratio (5)		57.4			55.0			40.3			59.8			55.2			49.7			50.5
Yield on average interest-earning assets (1)		6.24			6.19			7.94			6.32			6.40			6.78			6.86
Cost of average interest-bearing liabilities		2.30			2.30			2.36			2.49			2.81			2.32			2.83
Cost of average deposits (6)		1.64			1.62			1.57			1.79			2.01			1.61			1.99
Net interest spread (1)		3.94			3.89			5.58			3.83			3.59			4.46			4.03
Net interest margin - Total Company (1)		4.65			4.61			6.28			4.62			4.49			5.18			4.92
Net interest margin - Core Bank (1)		3.78			3.72			3.70			3.64			3.53			3.73			3.43
Other Information:
End of period FTEs (7) - Total Company		978			974			981			989			992			978			992
End of period FTEs (7) - Core Bank		918			917			923			933			935			918			935
Number of full-service banking centers		47			47			47			47			47			47			47

S-6

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)

Loan Composition and Allowance for Credit Losses on Loans
	As of
	Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Sep. 30, 2024
Loan Composition:
Traditional Banking:
Residential real estate:
Owner-occupied	$	1,044,737		$	1,031,898		$	1,025,461		$	1,032,459		$	1,046,385
Nonowner-occupied		291,373			303,357			311,955			318,096			326,273
Commercial real estate		1,766,616			1,789,043			1,806,760			1,813,177			1,813,303
Construction & land development		246,065			258,817			238,562			244,121			247,730
Commercial & industrial		488,786			481,219			482,955			460,245			437,911
Lease financing receivables		96,605			96,547			93,159			93,304			89,653
Aircraft		202,742			211,910			219,292			226,179			235,327
Home equity		399,691			387,599			365,631			353,441			341,204
Consumer:
Credit cards		10,787			10,315			11,136			16,464			16,762
Overdrafts		881			826			779			982			827
Automobile loans		813			916			1,031			1,156			1,340
Other consumer		9,210			9,705			9,638			9,555			10,181
Total Traditional Banking		4,558,306			4,582,152			4,566,359			4,569,179			4,566,896
Warehouse lines of credit		609,826			671,773			569,502			550,760			595,163
Total Core Banking		5,168,132			5,253,925			5,135,861			5,119,939			5,162,059
Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—			—			30,344			138,614			—
Other TRS commercial & industrial loans		292			95			5,841			52,180			302
Republic Credit Solutions		112,950			119,000			117,747			128,733			134,556
Total Republic Processing Group		113,242			119,095			153,932			319,527			134,858
Total Loans - Total Company	$	5,281,374		$	5,373,020		$	5,289,793		$	5,439,466		$	5,296,917
Allowance for Credit Losses on Loans ("Allowance"):
Traditional Banking	$	58,479		$	59,055		$	58,851		$	59,756		$	59,549
Warehouse Lending		1,522			1,676			1,421			1,374			1,486
Total Core Banking		60,001			60,731			60,272			61,130			61,035
Tax Refund Solutions		1			—			25,981			9,861			1
Republic Credit Solutions		19,863			21,029			20,050			20,987			21,122
Total Republic Processing Group		19,864			21,029			46,031			30,848			21,123
Total Allowance - Total Company	$	79,865		$	81,760		$	106,303		$	91,978		$	82,158
Allowance to Total Loans:
Traditional Banking		1.28	%		1.29	%		1.29	%		1.31	%		1.30	%
Warehouse Lending		0.25			0.25			0.25			0.25			0.25
Total Core Banking		1.16			1.16			1.17			1.19			1.18
Tax Refund Solutions		0.34			—			71.80			5.17			0.33
Republic Credit Solutions		17.59			17.67			17.03			16.30			15.70
Total Republic Processing Group		17.54			17.66			29.90			9.65			15.66
Total Company		1.51			1.52			2.01			1.69			1.55

S-7

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

(all amounts other than per share amounts, number of employees, and number of banking centers are expressed in thousands unless otherwise noted)

Credit Quality Data and Ratios
	As of and for the Three Months Ended															As of and for the Nine Months Ended
	Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Sep. 30, 2024			Sep. 30, 2025			Sep. 30, 2024
Nonperforming Assets - Total Company:
Loans on nonaccrual status	$	21,572		$	21,537		$	22,730		$	22,619		$	19,381		$	21,572		$	19,381
Loans past due 90-days-or-more and still on accrual		137			105			120			141			164			137			164
Total nonperforming loans		21,709			21,642			22,850			22,760			19,545			21,709			19,545
OREO		1,246			1,054			1,107			1,160			1,212			1,246			1,212
Total nonperforming assets	$	22,955		$	22,696		$	23,957		$	23,920		$	20,757		$	22,955		$	20,757
Nonperforming Assets - Core Bank:
Loans on nonaccrual status	$	21,572		$	21,537		$	22,730		$	22,619		$	19,381		$	21,572		$	19,381
Loans past due 90-days-or-more and still on accrual		—			—			—			—			—			—			—
Total nonperforming loans		21,572			21,537			22,730			22,619			19,381			21,572			19,381
OREO		1,246			1,054			1,107			1,160			1,212			1,246			1,212
Total nonperforming assets	$	22,818		$	22,591		$	23,837		$	23,779		$	20,593		$	22,818		$	20,593
Delinquent Loans:
Core Bank	$	10,691		$	9,953		$	9,031		$	10,185		$	10,048		$	10,691		$	10,048
RPG		8,691			9,133			8,282			10,304			10,902			8,691			10,902
Total delinquent loans - Total Company	$	19,382		$	19,086		$	17,313		$	20,489		$	20,950		$	19,382		$	20,950
NCOs (Recoveries) by Segment:
Traditional Bank	$	251		$	313		$	136		$	277		$	1,804		$	700		$	2,216
Warehouse Lending		—			—			—			—			—			—			—
Core Bank		251			313			136			277			1,804			700			2,216
Tax Refund Solutions		(1,468)			22,049			(693)			(2,159)			(2,311)			19,888			26,271
Republic Credit Solutions		5,135			4,004			3,904			5,018			4,695			13,043			12,915
RPG		3,667			26,053			3,211			2,859			2,384			32,931			39,186
Total NCOs (recoveries) - Total Company	$	3,918		$	26,366		$	3,347		$	3,136		$	4,188		$	33,631		$	41,402
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans		0.41	%		0.40	%		0.43	%		0.42	%		0.37	%		0.41	%		0.37	%
Nonperforming assets to total loans (including OREO)		0.43			0.42			0.45			0.44			0.39			0.43			0.39
Nonperforming assets to total assets		0.33			0.33			0.34			0.35			0.31			0.33			0.31
Allowance for credit losses to total loans		1.51			1.52			2.01			1.69			1.55			1.51			1.55
Allowance for credit losses to nonperforming loans		368			378			465			404			420			368			420
Delinquent loans to total loans (8)		0.37			0.36			0.33			0.38			0.40			0.37			0.40
Annualized NCOs (recoveries) to average loans		0.29			1.99			0.24			0.24			0.32			0.84			1.04
Credit Quality Ratios - Core Bank:
Nonperforming loans to total loans		0.42	%		0.41	%		0.44	%		0.44	%		0.38	%		0.42	%		0.38	%
Nonperforming assets to total loans (including OREO)		0.44			0.43			0.46			0.46			0.40			0.44			0.40
Nonperforming assets to total assets		0.35			0.35			0.37			0.39			0.33			0.35			0.33
Allowance for credit losses to total loans		1.16			1.16			1.17			1.19			1.18			1.16			1.18
Allowance for credit losses to nonperforming loans		278			282			265			270			315			278			315
Delinquent loans to total loans (8)		0.21			0.19			0.18			0.20			0.19			0.21			0.19
Annualized NCOs (recoveries) to average loans		0.02			0.02			0.01			0.02			0.14			0.02			0.06
TRS Refund Advances ("RAs and ERAs")
RAs and ERAs originated	$	—		$	—		$	662,556		$	138,614		$	—		$	662,556		$	771,091
Net (credit) charge to the Provision for RAs and ERAs		(1,454)			(3,934)			15,335			7,637			(2,311)			9,947			22,249
RAs and ERAs NCOs (recoveries)		(1,454)			21,885			(691)			(2,156)			(2,311)			19,740			26,178

S-8

Republic Bancorp, Inc.

Earnings Release

Financial Supplement

Third Quarter 2025 (continued)

Segment Data:

Reportable segments are determined by the type of products and services offered and the level of information provided to the chief operating decision maker (“CODM”), who uses such information to review performance of various components of the business (such as banking centers and business units), which are then aggregated if operating performance, products/services, and clients are similar.

As of September 30, 2025, the Company was divided into five reportable segments: Traditional Banking, Warehouse Lending, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions. Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three segments collectively constitute Republic Processing Group operations.

The Company’s Executive Chair and Chief Executive Officer serve as the Company’s CODM. Income (loss) before income tax expense is the reportable measure of segment profit or loss that the CODM regularly reviews and uses to allocate resources and assess performance.

The nature of segment operations and the primary drivers of net revenues by reportable segment are provided below:

Reportable Segment:	Nature of Operations:	Primary Drivers of Net Revenue:
Core Banking:
Traditional Banking	Provides traditional banking products to clients in its market footprint primarily via its network of banking centers and to clients outside of its market footprint primarily via its digital delivery channels.	Net interest income
Warehouse Lending	Provides short-term, revolving credit facilities to mortgage bankers across the United States.	Net interest income
Republic Processing Group:
Tax Refund Solutions	Offers tax-related credit products and facilitates the receipt and payment of federal and state tax refunds through Refund Transfer products. TRS products are primarily provided to clients outside of the Bank’s market footprint.	Net interest income and Net refund transfer fees
Republic Payment Solutions	Offers general-purpose reloadable cards. RPS products are primarily provided to clients outside of the Bank’s market footprint.	Net interest income and Program fees
Republic Credit Solutions	Offers consumer credit products. RCS products are primarily provided to clients outside of the Bank’s market footprint, with a substantial portion of RCS clients considered subprime or near-prime borrowers.	Net interest income and Program fees

The accounting policies used for Republic’s reportable segments are the same as those described in the summary of significant accounting policies in the Company’s most recent Annual Report on Form 10-K. Republic evaluates segment performance using operating income. The Company allocates goodwill to the Traditional Banking segment. Republic generally allocates income taxes based on income before income tax expense unless reasonable and specific segment allocations can be made. The Company makes transactions among reportable segments at carrying value.

S-9

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

Segment information for the quarters and nine months ended September 30, 2025, and 2024 follows:

		Three Months Ended September 30, 2025
		Core Banking								Republic Processing Group
								Total			Tax			Republic			Republic
		Traditional			Warehouse			Core			Refund			Payment			Credit			Total		Total
(dollars in thousands)		Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG		Company
Net interest income	$	57,424		$	3,805		$	61,229		$	280		$	3,193		$	12,268		$	15,741		$	76,970
Provision for expected credit loss expense		(325)			(154)			(479)			(1,467)			—			3,969			2,502			2,023
Net refund transfer fees		—			—			—			1,117			—			—			1,117			1,117
Mortgage banking income		2,064			—			2,064			—			—			—			—			2,064
Program fees		—			—			—			—			781			4,107			4,888			4,888
Other noninterest income		8,438			21			8,459			38			1			1			40			8,499
Total noninterest income		10,502			21			10,523			1,155			782			4,108			6,045			16,568
Total noninterest expense		46,194			945			47,139			2,348			1,105			3,161			6,614			53,753
Income before income tax expense		22,057			3,035			25,092			554			2,870			9,246			12,670			37,762
Income tax expense		4,591			684			5,275			95			624			2,024			2,743			8,018
Net income	$	17,466		$	2,351		$	19,817		$	459		$	2,246		$	7,222		$	9,927		$	29,744
Period-end assets	$	5,952,561		$	610,155		$	6,562,716		$	22,673		$	310,220		$	119,310		$	452,203		$	7,014,919
Net interest margin		3.89	%		2.62	%		3.78	%		NM			4.06	%		NM			NM			4.65	%
Net-revenue concentration*		72	%		4	%		76	%		2	%		4	%		18	%		24	%		100	%

		Three Months Ended September 30, 2024
		Core Banking								Republic Processing Group
								Total			Tax			Republic			Republic
		Traditional			Warehouse			Core			Refund			Payment			Credit			Total			Total
(dollars in thousands)		Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG			Company
Net interest income	$	51,023		$	3,580		$	54,603		$	440		$	2,783		$	13,479		$	16,702		$	71,305
Provision for expected credit loss expense		1,489			116			1,605			(2,310)			—			6,365			4,055			5,660
Net refund transfer fees		—			—			—			582			—			—			582			582
Mortgage banking income		2,062			—			2,062			—			—			—			—			2,062
Program fees		—			—			—			—			786			4,176			4,962			4,962
Other noninterest income		9,016			16			9,032			27			147			1			175			9,207
Total noninterest income		11,078			16			11,094			609			933			4,177			5,719			16,813
Total noninterest expense		41,266			889			42,155			2,251			947			3,256			6,454			48,609
Income before income tax expense		19,346			2,591			21,937			1,108			2,769			8,035			11,912			33,849
Income tax expense		4,189			584			4,773			189			595			1,749			2,533			7,306
Net income	$	15,157		$	2,007		$	17,164		$	919		$	2,174		$	6,286		$	9,379		$	26,543
Period-end assets	$	5,559,357		$	595,624		$	6,154,981		$	26,503		$	367,857		$	143,129		$	537,489		$	6,692,470
Net interest margin		3.61	%		2.70	%		3.53	%		NM			4.91	%		NM			NM			4.49	%
Net-revenue concentration*		71	%		4	%		75	%		1	%		4	%		20	%		25	%		100	%

* Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

S-10

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

		Nine Months Ended September 30, 2025
		Core Banking								Republic Processing Group
								Total			Tax			Republic			Republic
		Traditional			Warehouse			Core			Refund			Payment			Credit			Total			Total
(dollars in thousands)		Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG			Company
Net interest income	$	167,125		$	10,382		$	177,507		$	30,154		$	10,750		$	37,449		$	78,353		$	255,860
Provision for expected credit loss expense		(577)			148			(429)			10,028			—			11,919			21,947			21,518
Net refund transfer fees		—			—			—			17,577			—			—			17,577			17,577
Mortgage banking income		5,781			—			5,781			—			—			—			—			5,781
Program fees		—			—			—			—			2,283			10,878			13,161			13,161
Gain on sale of Visa Class B-1 shares		4,090			—			4,090			—			—			—			—			4,090
Other noninterest income		26,441			64			26,505			248			2			2			252			26,757
Total noninterest income		36,312			64			36,376			17,825			2,285			10,880			30,990			67,366
Total noninterest expense		140,733			2,768			143,501			8,075			3,344			8,674			20,093			163,594
Income before income tax expense		63,281			7,530			70,811			29,876			9,691			27,736			67,303			138,114
Income tax expense		13,247			1,697			14,944			6,494			2,109			6,071			14,674			29,618
Net income	$	50,034		$	5,833		$	55,867		$	23,382		$	7,582		$	21,665		$	52,629		$	108,496
Period-end assets	$	5,952,561		$	610,155		$	6,562,716		$	22,673		$	310,220		$	119,310		$	452,203		$	7,014,919
Net interest margin		3.84	%		2.60	%		3.73	%		NM			4.31	%		NM			NM			5.18	%
Net-revenue concentration*		63	%		3	%		66	%		15	%		4	%		15	%		34	%		100	%

		Nine Months Ended September 30, 2024
		Core Banking								Republic Processing Group
								Total			Tax			Republic			Republic
		Traditional			Warehouse			Core			Refund			Payment			Credit			Total			Total
(dollars in thousands)		Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG			Company
Net interest income	$	149,197		$	8,751		$	157,948		$	32,173		$	9,221		$	37,418		$	78,812		$	236,760
Provision for expected credit loss expense		2,762			639			3,401			22,282			—			15,742			38,024			41,425
Net refund transfer fees		—			—			—			15,213			—			—			15,213			15,213
Mortgage banking income		3,984			—			3,984			—			—			—			—			3,984
Program fees		—			—			—			—			2,319			11,220			13,539			13,539
Other noninterest income		25,437			42			25,479			165			149			3			317			25,796
Total noninterest income		29,421			42			29,463			15,378			2,468			11,223			29,069			58,532
Total noninterest expense		124,372			2,694			127,066			8,787			2,919			10,442			22,148			149,214
Income before income tax expense		51,484			5,460			56,944			16,482			8,770			22,457			47,709			104,653
Income tax expense		10,417			1,231			11,648			3,699			1,930			5,021			10,650			22,298
Net income	$	41,067		$	4,229		$	45,296		$	12,783		$	6,840		$	17,436		$	37,059		$	82,355
Period-end assets	$	5,559,357		$	595,624		$	6,154,981		$	26,503		$	367,857		$	143,129		$	537,489		$	6,692,470
Net interest margin		3.49	%		2.64	%		3.43	%		NM			5.01	%		NM			NM			4.92	%
Net-revenue concentration*		61	%		3	%		64	%		16	%		4	%		16	%		36	%		100	%

* Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

S-11

Republic Bancorp, Inc.

Earnings Release Financial Supplement

Third Quarter 2025 (continued)

Footnotes:

(1) The amount of loan fee income can meaningfully impact total interest income, loan yields, net interest margin, and net interest spread. The following table presents the Company’s loan fees by segment:

	Three Months Ended										Nine Months Ended
(dollars in thousands)	Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Sep. 30, 2024		Sep. 30, 2025		Sep. 30, 2024
Traditional Banking	$	1,393	$	1,367	$	1,291	$	1,161	$	1,518	$	4,051	$	4,165
Warehouse Lending		364		369		310		308		392		1,043		977
Total Core Bank		1,757		1,736		1,601		1,469		1,910		5,094		5,142
TRS		17		25		33,675		2,605		42		33,717		36,669
RCS		12,123		12,434		12,237		12,569		12,935		36,794		35,579
Total RPG		12,140		12,459		45,912		15,174		12,977		70,511		72,248
Total loan fees - Total Company	$	13,897	$	14,195	$	47,513	$	16,643	$	14,887	$	75,605	$	77,390

(2) Provision for expected credit loss expense includes provisions for losses on on-balance sheet loans. Provision expense for off-balance sheet credit exposures is a component of “Other” noninterest expense.

(3) In the ordinary course of business, the Bank originates both mortgage and consumer loans with the intent to sell. Mortgage loans originated with the intent to sell are primarily originated and sold into the secondary market through the Traditional Banking segment, while consumer loans originated with the intent to sell are originated and sold through the RCS segment. During the first quarter of 2025, the Traditional Banking segment entered into an agreement to sell $5 million of consumer credit cards. As a result, these loans were transferred from held for investment to held for sale. Gains on sale of mortgage loans are recorded as a component of “Mortgage Banking” income. Gains on sale of RCS consumer loans are recorded as a component of “Program Fees.” The gain on the sale of the consumer credit cards was recorded as a component of “Other” noninterest income during the second quarter of 2025.

	As of and for the Three Months Ended										As of and for the Nine Months Ended
(dollars in thousands)	Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Sep. 30, 2024		Sep. 30, 2025		Sep. 30, 2024
Mortgage Loans Held for Sale
Balance, beginning of period	$	8,850	$	9,140	$	8,312	$	8,526	$	9,703	$	8,312	$	3,227
Originations		59,494		51,788		41,233		50,065		57,142		152,515		136,894
Transferred from held for investment to held for sale		—		—		—		—		—		—		68,173
Proceeds from sales		(54,716)		(53,561)		(41,816)		(51,724)		(59,732)		(150,093)		(202,198)
Net gain on sale		1,710		1,483		1,411		1,445		1,413		4,604		2,430
Balance, end of period	$	15,338	$	8,850	$	9,140	$	8,312	$	8,526	$	15,338	$	8,526
Consumer Loans Held for Sale
Balance, beginning of period	$	27,952	$	32,125	$	24,075	$	25,881	$	32,201	$	24,075	$	24,008
Originations		271,718		321,127		266,651		290,881		350,413		859,496		940,901
Transferred from held for investment to held for sale		—		—		4,977		—		—		4,977		—
Proceeds from sales		(278,908)		(329,345)		(266,633)		(296,163)		(360,910)		(874,886)		(950,249)
Net gain on sale		4,106		4,045		3,055		3,476		4,177		11,206		11,221
Balance, end of period	$	24,868	$	27,952	$	32,125	$	24,075	$	25,881	$	24,868	$	25,881

S-12

(4) The following table provides a reconciliation of total stockholders’ equity in accordance with GAAP to tangible stockholders’ equity, a non-GAAP disclosure. The Company provides the tangible book value per share, a non-GAAP measure, in addition to those defined by banking regulators, because of its widespread use by investors to evaluate capital adequacy.

	As of
(dollars in thousands, except per share data)	Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Sep. 30, 2024
Total stockholders' equity - GAAP (a)	$	1,084,520		$	1,060,106		$	1,034,089		$	992,029		$	979,705
Less: Goodwill		40,516			40,516			40,516			40,516			40,516
Less: Mortgage servicing rights		6,798			6,840			6,875			6,975			7,052
Less: Core deposit intangible		1,637			1,739			1,841			1,957			2,072
Tangible stockholders' equity - Non-GAAP (c)	$	1,035,569		$	1,011,011		$	984,857		$	942,581		$	930,065
Total assets - GAAP (b)	$	7,014,919		$	6,970,917		$	7,075,555		$	6,846,667		$	6,692,470
Less: Goodwill		40,516			40,516			40,516			40,516			40,516
Less: Mortgage servicing rights		6,798			6,840			6,875			6,975			7,052
Less: Core deposit intangible		1,637			1,739			1,841			1,957			2,072
Tangible assets - Non-GAAP (d)	$	6,965,968		$	6,921,822		$	7,026,323		$	6,797,219		$	6,642,830
Total stockholders' equity to total assets - GAAP (a/b)		15.46	%		15.21	%		14.61	%		14.49	%		14.64	%
Tangible stockholders' equity to tangible assets - Non-GAAP (c/d)		14.87	%		14.61	%		14.02	%		13.87	%		14.00	%
Number of shares outstanding (e)		19,536			19,527			19,518			19,448			19,443
Book value per share - GAAP (a/e)	$	55.51		$	54.29		$	52.98		$	51.01		$	50.39
Tangible book value per share - Non-GAAP (c/e)		53.01			51.78			50.46			48.47			47.84

(5) The efficiency ratio equals total noninterest expense divided by the sum of net interest income and noninterest income. The adjusted efficiency ratio, a non-GAAP measure with no GAAP comparable, excludes notable nonrecurring revenues and expenses related to the gain on the sale of Visa Class B-1 shares, gain on sale of consumer credit cards, insurance proceeds, expenses related to the Bank’s planned core system conversion, as well as merger expenses.

	Three Months Ended															Nine Months Ended
(dollars in thousands)	Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Sep. 30, 2024			Sep. 30, 2025			Sep. 30, 2024
Net interest income - GAAP (a)	$	76,970		$	76,202		$	102,688		$	75,394		$	71,305		$	255,860		$	236,760
Noninterest income - GAAP (b)		16,568			17,644			33,154			14,118			16,813			67,366			58,532
Total net revenue - GAAP (c)	$	93,538		$	93,846		$	135,842		$	89,512		$	88,118		$	323,226		$	295,292
Less: Gain on sale of Visa Class B-1 shares		—			—			4,090			—			—			4,090			—
Less: Gain on sale of consumer credit card portfolio		—			328			—			—			—			328			—
Less: Insurance proceeds		—			—			1,571			—			—			1,571			—
Total adjusted income - Non-GAAP (e)	$	93,538		$	93,518		$	130,181		$	89,512		$	88,118		$	317,237		$	295,292
Noninterest expense - GAAP (d)	$	53,753		$	51,633		$	58,208		$	53,511		$	48,609		$	163,594		$	149,214
Less: Expenses related to CBank acquisition		—			—			—			—			—			—			41
Less: Core conversion & contract consulting fees		97			182			5,714			—			—			5,993			—
Adjusted noninterest expense - Non-GAAP (f)	$	53,656		$	51,451		$	52,494		$	53,511		$	48,609		$	157,601		$	149,173
Efficiency Ratio - GAAP-derived (d/c)		57.5	%		55.0	%		42.8	%		59.8	%		55.2	%		50.6	%		50.5	%
Adjusted Efficiency Ratio - Non-GAAP (f/e)		57.4	%		55.0	%		40.3	%		59.8	%		55.2	%		49.7	%		50.5	%

(6) The cost of average deposits ratio equals annualized total interest expense on deposits divided by total average interest-bearing deposits plus total average noninterest-bearing deposits.

(7) FTEs – Full-time-equivalent employees.

(8) The delinquent loans to total loans ratio equals loans 30-days-or-more past due divided by total loans. Depending on loan class, loan delinquency is determined by the number of days or the number of payments past due. Delinquent loans as of September 30, 2025, included $0 of Refund Advances (“RA”), which do not have a contractual due date, but the Company considered an RA delinquent in 2025 if it remained unpaid 35 days after the taxpayer’s tax return was submitted to the applicable taxing authority.

NM – Not meaningful

NA – Not applicable

QTD – Quarter-to-date

YTD – Year-to-date

S-13

CONTACT:

Republic Bancorp, Inc.

Kevin Sipes

Executive Vice President & Chief Financial Officer

(502) 560-8628

S-14