Republic Bancorp, Inc. logo RBCAA - Republic Bancorp, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 2
HOLD 0
SELL 0
STRONG
SELL 0
| PRICE TARGET: $51.00 DETAILS
HIGH: $51.00
LOW: $51.00
MEDIAN: $51.00
CONSENSUS: $51.00
DOWNSIDE: 35.78%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Undervalued Strong
Trading 45.3% below fair value
Current Price $79.41
Bear Case $91.53 15.3% upside ($91.53 - $79.41) / $79.41 = 15.3% ROTCE 9.3% → 1.51x TBV
Fair Value $145.17 82.8% upside ($145.17 - $79.41) / $79.41 = 82.8% ROTCE 12.4% → 2.39x TBV
Bull Case $177.36 123.3% upside ($177.36 - $79.41) / $79.41 = 123.3% ROTCE 14.2% → 2.92x TBV

Adjust Assumptions

12.4%
7.5%

Key Value Driver

ROTCE (12.4%) vs. cost of equity (7.5%)

Implied Market Multiple 1.31x

Plain-Language Summary

With ROTCE of 12.4% vs. 7.5% cost of equity, fair P/TBV is 2.39x on $60.74 tangible book, implying $145.17 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly