Republic Bancorp (RBCAA) in Louisville, Ky., reported a slight bump in second-profits due to modest loan growth but results were tempered somewhat by a sharp drop in mortgage banking income.

The $3.4-billion-asset company said Friday that its second-quarter earnings increased 3% from the same period last year, to $6.3 million. It attributed the gains to a 6% increase in loans that was driven in part by activity in its correspondent and warehouse lending units.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry