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Complete financial analysis of Republic First Bancorp, Inc. (FRBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Republic First Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Republic First Bancorp, Inc. (FRBK)
About Republic First Bancorp, Inc.
Republic First Bancorp, Inc. operates as the holding company for Republic First Bank that provides a range of credit and depository banking products and services to individuals and businesses. It accepts consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit. The company also offers secured and unsecured commercial, real estate, construction and land development, automobile, and home improvement loans; mortgages, home equity and overdraft lines of credit, and other products; and lockbox services. As of April 5, 2022, it operated 34 offices located in Atlantic, Burlington, Camden, and Gloucester counties in New Jersey; Bucks, Delaware, Montgomery, and Philadelphia counties in Pennsylvania; and New York County in New York. Republic First Bancorp, Inc. was founded in 1987 and is based in Philadelphia, Pennsylvania.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 161.96M | 128.40M | 101.55M | 96.23M | 82.16M | 62.48M | 50.00M | 43.85M | 41.83M | 40.72M | 40.66M | 32.90M | 27.49M | 30.14M | 33.11M | 37.71M | 32.77M | 33.46M | 32.89M | 27.24M | 23.30M | 18.82M | 18.70M | 16.70M | 13.20M | 9.80M | 5.60M | 5.00M | 4.30M | 3.90M | 2.70M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 12.24M | 10.94M | 11.94M | 9.28M | 9.12M | 7.88M | 5.30M | 5.07M | 5.37M | 4.99M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 149.72M | 117.46M | 89.60M | 86.94M | 73.05M | 54.60M | 44.70M | 38.78M | 36.46M | 35.74M | 40.66M | 32.90M | 27.49M | 30.14M | 33.11M | 37.71M | 32.77M | 33.46M | 32.89M | 27.24M | 23.30M | 18.82M | 18.70M | 16.70M | 13.20M | 9.80M | 5.60M | 5.00M | 4.30M | 3.90M | 2.70M | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 92.44% | 91.48% | 88.24% | 90.35% | 88.90% | 87.38% | 89.41% | 88.43% | 87.17% | 87.76% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 62.73M | 58.82M | 55.12M | 45.76M | 39.33M | 30.02M | 23.74M | 21.15M | 18.32M | 17.88M | 17.19M | 16.27M | 15.46M | 9.63M | 10.61M | 11.63M | 9.57M | 10.09M | 9.80M | 8.48M | 8.40M | 6.87M | 5.50M | 5.00M | 4.10M | 2.90M | 2.20M | 1.70M | 1.30M | 800.00K | 700.00K | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 673.00K | 1.24M | 1.93M | 1.21M | 1.28M | 811.00K | 627.00K | 597.00K | 447.00K | 307.00K | 334.00K | 379.00K | 288.00K | 464.00K | 503.00K | 494.00K | 192.00K | 178.00K | 190.00K | 413.00K | 561.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 62.73M | 58.82M | 55.12M | 45.76M | 39.33M | 30.02M | 23.74M | 21.15M | 18.32M | 17.88M | 17.52M | 16.65M | 15.75M | 10.09M | 11.12M | 12.12M | 9.76M | 10.27M | 9.99M | 8.90M | 8.96M | 6.87M | 5.50M | 5.00M | 4.10M | 2.90M | 2.20M | 1.70M | 1.30M | 800.00K | 700.00K | 0.00 | 0.00 | 0.00 |
| Other Expenses | -190.99M | -180.78M | -161.51M | -117.96M | -110.24M | -17.70M | 0.00 | 0.00 | 0.00 | 0.00 | 42.00K | 372.00K | -44.85M | -40.70M | -38.64M | -44.24M | -36.94M | -15.25M | -18.82M | -12.62M | -442.00K | 9.13M | 7.20M | 4.60M | 800.00K | 1.10M | -3.10M | -4.40M | -2.20M | -1.80M | 1.50M | -1.40M | -400.00K | -1.10M |
| Operating Expenses | -128.25M | -121.96M | -106.40M | -66.14M | -65.51M | 2.39M | 1.90M | 2.07M | 1.87M | 1.41M | 17.57M | 17.02M | -29.10M | -30.61M | -27.52M | -32.12M | -27.18M | -4.98M | -8.84M | -3.73M | 8.52M | 15.99M | 12.70M | 9.60M | 4.90M | 4.00M | -900.00K | -2.70M | -900.00K | -1.00M | 2.20M | -1.40M | -400.00K | -1.10M |
| Cost & Expenses | -128.25M | -121.96M | -106.40M | -66.14M | -65.51M | 10.27M | 7.19M | 7.14M | 7.24M | 6.40M | 17.57M | 17.02M | -29.10M | -30.61M | -27.52M | -32.12M | -27.18M | -4.98M | -8.84M | -3.73M | 8.52M | 15.99M | 12.70M | 9.60M | 4.90M | 4.00M | -900.00K | -2.70M | -900.00K | -1.00M | 2.20M | -1.40M | -400.00K | -1.10M |
| Interest Income | 147.80M | 114.95M | 104.86M | 92.07M | 70.85M | 54.23M | 45.44M | 40.47M | 37.21M | 38.26M | 30.07M | 30.06M | 27.42M | 53.98M | 68.35M | 62.75M | 45.38M | 37.73M | 42.40M | 44.12M | 49.01M | 46.89M | 39.40M | 34.40M | 23.50M | 16.90M | 9.60M | 8.00M | 7.10M | 6.80M | 7.30M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 18.59M | 23.12M | 27.06M | 16.17M | 8.78M | 6.86M | 5.38M | 4.64M | 4.59M | 6.37M | 8.20M | 10.25M | 16.06M | 25.08M | 38.31M | 28.68M | 16.22M | 15.13M | 16.65M | 20.16M | 28.66M | 29.79M | 24.50M | 20.80M | 12.90M | 9.70M | 4.40M | 3.10M | 3.00M | 3.90M | 4.80M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 8.42M | 8.18M | 6.48M | 5.45M | 4.68M | 3.56M | 3.08M | 2.38M | 2.11M | 2.01M | 2.11M | 2.03M | 1.86M | 1.12M | 1.17M | 1.10M | 1.18M | 1.59M | 1.61M | 1.36M | 1.30M | 799.00K | 700.00K | 600.00K | 400.00K | 200.00K | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -472.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.40M | -400.00K | -1.10M |
| EBITDA Ratio | 26.01% | 11.39% | 1.61% | 33.07% | 23.67% | 24.41% | 21.74% | 21.49% | 7.60% | 29.08% | -15.26% | -13.65% | 0.90% | 82.80% | 149.89% | 119.62% | 93.93% | 89.87% | 78.02% | 91.32% | 142.13% | 189.23% | 171.66% | 161.08% | 140.15% | 142.86% | 85.71% | 48.00% | 81.40% | 76.92% | 185.19% | 0.00% | 0.00% | 0.00% |
| Operating Income | 33.70M | 6.44M | -4.85M | 26.38M | 14.77M | 43.95M | 38.25M | 33.34M | 29.97M | 31.86M | -8.31M | -6.52M | -1.61M | -472.00K | 5.59M | 5.59M | 5.59M | 28.48M | 24.05M | 23.52M | 31.81M | 34.81M | 31.40M | 26.30M | 18.10M | 13.80M | 4.70M | 2.30M | 3.40M | 2.90M | 4.90M | -1.40M | -400.00K | -1.10M |
| Operating Income Ratio | 20.81% | 5.02% | -4.78% | 27.41% | 17.98% | 70.35% | 76.50% | 76.03% | 71.64% | 78.24% | -20.45% | -19.81% | -5.86% | -1.57% | 16.89% | 14.83% | 17.06% | 85.11% | 73.13% | 86.32% | 136.55% | 184.99% | 167.91% | 157.49% | 137.12% | 140.82% | 83.93% | 46.00% | 79.07% | 74.36% | 181.48% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 33.70M | 6.44M | -4.85M | 10.21M | 5.99M | -39.13M | -35.84M | -30.94M | -33.48M | -28.39M | -16.51M | -16.76M | -17.67M | -777.00K | 4.57M | 9.73M | 7.79M | 13.35M | -16.65M | -20.16M | -28.66M | -29.79M | -24.40M | -21.20M | -12.90M | -9.70M | -4.40M | -3.20M | -3.10M | -4.00M | -4.90M | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 33.70M | 6.44M | -4.85M | 10.21M | 5.99M | 4.83M | 2.41M | 2.40M | -3.52M | 3.47M | -16.51M | -16.76M | -17.67M | -1.25M | 10.16M | 15.33M | 13.38M | 13.35M | 7.40M | 3.35M | 3.16M | 5.02M | 7.00M | 5.10M | 5.20M | 4.10M | 300.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 20.81% | 5.02% | -4.78% | 10.61% | 7.29% | 7.72% | 4.81% | 5.46% | -8.40% | 8.52% | -40.61% | -50.95% | -64.25% | -4.14% | 30.68% | 40.64% | 40.82% | 39.89% | 22.50% | 12.31% | 13.54% | 26.68% | 37.43% | 30.54% | 39.39% | 41.84% | 5.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 8.53M | 1.39M | -1.35M | 1.58M | -2.92M | -119.00K | -26.00K | -46.00K | -35.00K | -144.00K | 8.19M | -6.07M | -6.22M | -777.00K | 3.27M | 5.21M | 4.49M | 4.41M | 2.48M | 1.15M | 1.04M | 1.66M | 2.30M | 1.70M | 1.60M | 1.40M | -200.00K | 3.10M | 3.00M | 3.90M | 4.80M | 1.40M | 400.00K | 1.10M |
| Net Income | 25.18M | 5.05M | -3.50M | 8.63M | 8.91M | 4.95M | 2.43M | 2.44M | -3.48M | 3.61M | -24.70M | -10.69M | -11.44M | -472.00K | 6.89M | 10.12M | 8.89M | 8.94M | 4.91M | 2.20M | 2.11M | 3.36M | 4.60M | 3.80M | 3.60M | 2.70M | 500.00K | -800.00K | 400.00K | -1.00M | 100.00K | -1.40M | -400.00K | -1.10M |
| Net Income Ratio | 15.54% | 3.94% | -3.45% | 8.97% | 10.84% | 7.91% | 4.87% | 5.57% | -8.32% | 8.87% | -60.76% | -32.49% | -41.62% | -1.57% | 20.79% | 26.83% | 27.14% | 26.72% | 14.94% | 8.08% | 9.07% | 17.88% | 24.60% | 22.75% | 27.27% | 27.55% | 8.93% | -16.00% | 9.30% | -25.64% | 3.70% | 0.00% | 0.00% | 0.00% |
| EPS | 0.37 | 0.07 | -0.06 | 0.15 | 0.16 | 0.13 | 0.06 | 0.07 | -0.13 | 0.14 | -0.95 | -0.57 | -1.07 | -0.04 | 0.66 | 0.88 | 0.73 | 0.81 | 0.46 | 0.23 | 0.23 | 0.36 | 0.52 | 0.38 | 0.26 | 0.21 | 0.17 | -0.28 | 0.06 | -0.35 | 0.02 | -0.47 | -0.14 | -0.38 |
| EPS Diluted | 0.33 | 0.07 | -0.06 | 0.15 | 0.15 | 0.12 | 0.06 | 0.07 | -0.13 | 0.14 | -0.95 | -0.57 | -1.07 | -0.04 | 0.65 | 0.86 | 0.69 | 0.77 | 0.44 | 0.23 | 0.22 | 0.36 | 0.50 | 0.36 | 0.24 | 0.20 | 0.17 | -0.28 | 0.06 | -0.35 | 0.02 | -0.47 | -0.14 | -0.38 |
| Weighted Avg Shares Out | 75.95M | 58.85M | 58.83M | 58.36M | 56.93M | 39.28M | 37.82M | 34.23M | 25.97M | 25.97M | 25.97M | 18.59M | 10.65M | 10.50M | 10.43M | 11.47M | 12.23M | 11.01M | 10.62M | 9.37M | 9.27M | 9.29M | 8.91M | 9.89M | 7.54M | 5.61M | 2.90M | 2.90M | 2.90M | 2.90M | 2.90M | 2.99M | 2.90M | 2.90M |
| Weighted Avg Shares Out (Dil) | 75.95M | 58.90M | 58.83M | 59.41M | 58.25M | 39.87M | 38.09M | 34.59M | 25.97M | 25.99M | 25.97M | 18.59M | 10.65M | 10.50M | 10.59M | 11.72M | 12.81M | 11.54M | 11.10M | 9.65M | 9.55M | 9.29M | 9.27M | 10.56M | 7.54M | 5.61M | 2.90M | 2.90M | 2.90M | 2.90M | 2.90M | 2.99M | 2.90M | 2.90M |
Republic First seizure signals more bank failures to come, expert warns
The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.
What You Need To Know About the First US Bank Failure of 2024
Fulton Financial (FULT) shares surged Monday after the bank said it acquired the debt and deposits of Philadelphia-based Republic First Bank following the first bank failure of 2024. Republic First Bank was seized by regulators Friday after a deal for...
Fulton Financial reaps rewards of Republic First takeover
Fulton Financial Corp shares staged an 8.5% rally on Monday after taking control of deposits and assets formerly belonging to regional bank Republic First. US regulators on Friday seized Republic First's $10 billion worth of deposits and assets and FDIC...
Fulton Financial reaps rewards of Republic First takeover
Fulton Financial Corp shares staged an 8.5% rally on Monday after taking control of deposits and assets formerly belonging to regional bank Republic First. US regulators on Friday seized Republic First's $10 billion worth of deposits and assets and FDIC...
Fulton Financial rallies on plan to buy Republic First Bank — the first U.S. bank failure of 2024
Fulton Financial Corp.'s stock rallied Monday on plans by the bank to acquire Republic First Bank from the Federal Deposit Insurance Corp. in the year's first bank liquidation.
Fulton Financial jumps after buying failed Republic First Bank's deposits, assets
Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.
Republic First Sold to Fulton in Latest Regional Bank Failure
Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC)...
Republic First Sold to Fulton in Latest Regional Bank Failure
Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC)...
Here's What Led To Republic First's Collapse—And Why It's Different From 2023 Failures
Republic First Bancorp was seized by Pennsylvania regulators Friday, following a failed deal earlier this year to infuse the Philadelphia-based regional bank with new funds, amid a decline in deposits and a struggling mortgage lending business.
Republic First Bank Seized, Sold To Fulton Financial
Fulton Financial will assume the assets and deposits of Republic First Bank, which was seized Friday by Pennsylvania regulators. Fulton stock jumped.
Source: https://incomestatements.info
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