Republic Bancorp, Inc. - December 19, 2025 8-K Filing

Republic Bancorp, Inc. announced that its wholly-owned subsidiary, Republic Bank & Trust Company, has entered into an Asset Purchase Agreement with CAN Capital Merchant Services, Inc. The agreement involves the sale of substantially all assets of Republic Bank Finance (RBF), including approximately $80 million of loans and leases, and the assumption of approximately $3 million in related liabilities by CAN. CAN will also assume RBF's ongoing operations. The purchase price is based on the net book value of RBF's assets and liabilities at closing, plus a premium. Republic Bank expects to record a net gain of approximately $6 million from the transaction, which is anticipated to close in the first quarter of 2026, subject to customary closing conditions and CAN securing financing. RBF, acquired by Republic in March 2023, is a leasing and small-ticket finance business based in St. Louis, Missouri. The filing also includes forward-looking statements regarding the transaction, cautioning that actual results may differ due to various risks and uncertainties.