REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2025

REVENUE FROM CONTRACTS WITH CUSTOMERS

Schedule of net revenues by reportable segments

	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 (1)	$	57,424		$	3,805		$	61,229		$	280		$	3,193		$	12,268		$	15,741		$	76,970
Noninterest income:
Service charges on deposit accounts		3,625			21			3,646			—			—			—			—			3,646
Net refund transfer fees		—			—			—			1,117			—			—			1,117			1,117
Mortgage banking income (1)		2,064			—			2,064			—			—			—			—			2,064
Interchange fee income		3,012			—			3,012			16			1			1			18			3,030
Program fees (1)		—			—			—			—			781			4,107			4,888			4,888
Increase in cash surrender value of BOLI (1)		1,035			—			1,035			—			—			—			—			1,035
Net losses on OREO		(52)			—			(52)			—			—			—			—			(52)
Other		818			—			818			22			—			—			22			840
Total noninterest income		10,502			21			10,523			1,155			782			4,108			6,045			16,568
Total net revenue	$	67,926		$	3,826		$	71,752		$	1,435		$	3,975		$	16,376		$	21,786		$	93,538
Net-revenue concentration (2)		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 (1)	$	51,023		$	3,580		$	54,603		$	440		$	2,783		$	13,479		$	16,702		$	71,305
Noninterest income:
Service charges on deposit accounts		3,676			16			3,692			—			—			1			1			3,693
Net refund transfer fees		—			—			—			582			—			—			582			582
Mortgage banking income (1)		2,062			—			2,062			—			—			—			—			2,062
Interchange fee income		3,267			—			3,267			19			—			—			19			3,286
Program fees (1)		—			—			—			—			786			4,176			4,962			4,962
Increase in cash surrender value of BOLI (1)		826			—			826			—			—			—			—			826
Net losses on OREO		(53)			—			(53)			—			—			—			—			(53)
Other		1,300			—			1,300			8			147			—			155			1,455
Total noninterest income		11,078			16			11,094			609			933			4,177			5,719			16,813
Total net revenue	$	62,101		$	3,596		$	65,697		$	1,049		$	3,716		$	17,656		$	22,421		$	88,118
Net-revenue concentration (2)		71	%		4	%		75	%		1	%		4	%		20	%		25	%		100	%

(1) Revenue is not subject to ASC 606.

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

	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 (1)	$	167,125		$	10,382		$	177,507		$	30,154		$	10,750		$	37,449		$	78,353		$	255,860
Noninterest income:
Service charges on deposit accounts		10,546			64			10,610			—			—			1			1			10,611
Net refund transfer fees		—			—			—			17,577			—			—			17,577			17,577
Mortgage banking income (1)		5,781			—			5,781			—			—			—			—			5,781
Interchange fee income		9,213			—			9,213			91			2			1			94			9,307
Program fees (1)		—			—			—			—			2,283			10,878			13,161			13,161
Increase in cash surrender value of BOLI (1)		2,649			—			2,649			—			—			—			—			2,649
Net losses on OREO		(158)			—			(158)			—			—			—			—			(158)
Gain on sale of Visa Class B-1 Shares (1)		4,090			—			4,090			—			—			—			—			4,090
Other		4,191			—			4,191			157			—			—			157			4,348
Total noninterest income		36,312			64			36,376			17,825			2,285			10,880			30,990			67,366
Total net revenue	$	203,437		$	10,446		$	213,883		$	47,979		$	13,035		$	48,329		$	109,343		$	323,226
Net-revenue concentration (2)		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 (1)	$	149,197		$	8,751		$	157,948		$	32,173		$	9,221		$	37,418		$	78,812		$	236,760
Noninterest income:
Service charges on deposit accounts		10,488			42			10,530			—			—			2			2			10,532
Net refund transfer fees		—			—			—			15,213			—			—			15,213			15,213
Mortgage banking income (1)		3,984			—			3,984			—			—			—			—			3,984
Interchange fee income		9,697			—			9,697			94			2			1			97			9,794
Program fees (1)		—			—			—			—			2,319			11,220			13,539			13,539
Increase in cash surrender value of BOLI (1)		2,372			—			2,372			—			—			—			—			2,372
Net losses on OREO		(154)			—			(154)			—			—			—			—			(154)
Other		3,034			—			3,034			71			147			—			218			3,252
Total noninterest income		29,421			42			29,463			15,378			2,468			11,223			29,069			58,532
Total net revenue	$	178,618		$	8,793		$	187,411		$	47,551		$	11,689		$	48,641		$	107,881		$	295,292
Net-revenue concentration (2)		61	%		3	%		64	%		16	%		4	%		16	%		36	%		100	%

(1) Revenue is not subject to ASC 606.

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