Republic Bancorp Inc

We maintain a medium-term bearish stance in response to the post-parabola collapse and price below the short-term EMAs, with no clear exhaustion and support at the 50 SMA. The long-term uptrend remains intact above the 200 DMA. We will wait for a failed bounce into the 9/20 EMA region before initiating further selling.

• ↑Q2 EPS $1.68 vs est. $1.55; revenue $101.27M vs est. $97.60M
• ↑Net interest income rose to $81.7M from $76.2M YoY, easing funding costs
• ↓Net income marginally rose to $32.9M YoY; negative growth trend persists