HIGHOutside partyCustomer
61%
largest Tax Provider (TRS segment)
“10-K Item 1: 'ERA/RA fee income attributable to this Tax Provider accounted for 61% of TRS's total ERA/RA fee income for the 2025 calendar year'”
RBCAA · Concentration risk · 10-K extracted
Republic Bancorp (RBCAA) concentration risks
Updated
The most significant concentration Republic Bancorp discloses is largest Tax Provider (TRS segment) at 61%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Republic Bancorp’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Republic Bancorp's concentration risk is customer-specific and sits within its Tax Refund Solutions segment: a single largest Tax Provider accounted for 61% of the TRS segment's total ERA/RA fee income for the 2025 calendar year. This is a dependency exposure at a significant scale within that segment — the loss or renegotiation of this one relationship could materially affect TRS's fee income specifically, since more than three-fifths of that segment's ERA/RA fees flow through a single counterparty. Because the disclosure is scoped to the TRS segment's fee income rather than to consolidated bank-wide revenue, the practical impact depends on how large TRS is relative to Republic Bancorp's overall business, which is not addressed in this claim. No other customer, supplier, or geographic concentration is disclosed. For an investor, this is best read as a segment-specific dependency risk rather than a company-wide structural one: it is the single most consequential concentration disclosed, but its ultimate significance to the overall bank hinges on the relative size of the TRS segment within total operations.
For the engine’s reasoning on RBCAA’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMAL | Amalgamated Financial Corp. | 2 | 1 | 0 | 3 |
| ACNB | ACNB Corporation | 1 | 1 | 0 | 2 |
| ALRS | Alerus Financial Corporation | 1 | 1 | 0 | 2 |
| RBCAA● | Republic Bancorp, Inc. | 1 | 0 | 0 | 1 |
| AMTB | Amerant Bancorp Inc. | 0 | 1 | 1 | 2 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.