See more : Qube Holdings Limited (QUBHF) Income Statement Analysis – Financial Results
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 |
Philly lender Republic First Bancorp seized by feds in latest regional bank collapse
The regional lender, which operated as Republic Bank, was reeling with higher costs and inability to improve profitability that prompted it to cut jobs and exit its mortgage origination business in early 2023.
US regulators set to seize Republic First Bancorp, WSJ reports
U.S. regulators are set to seize Republic First Bancorp and are nearing a deal to sell it to another lender, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Report: FDIC Seeking Buyers for Republic First Bancorp
The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank.
Report: FDIC Seeking Buyers for Republic First Bancorp
The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank.
Republic First Bancorp and Norcross Braca Group Provide Update on Closing of $35 Million Capital Investment
PHILADELPHIA, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (OTCEM: FRBK) (“Republic” or the “Company”), the parent company of Republic First Bank d/b/a Republic Bank, and George E. Norcross, III, Gregory B. Braca, Philip A. Norcross, Lexie Norcross,...
Republic First Bancorp's stock rockets as it seals $35M investment and FDIC calls off auction
Republic First Bancorp.'s stock was up by 194% to 15 cents a share on Thursday after it filed an agreement for a $35 million private placement by Norcross Braca Group, an activist investor in the microcap bank.
Investor group to infuse $35 mln in troubled Republic First Bancorp
Investor group Norcross Braca has agreed to pump $35 million into troubled lender Republic First Bancorp , the companies said on Friday.
Republic Bancorp and Norcross Braca Group Announce $35 Million Investment
Investment Will Improve Capital Ratios and Result in Reconstitution of Republic Board, with Appointment of Philip A. Norcross as Chair as well as Gregory B. Braca and Two New Independent Directors
Republic Bank and Norcross Braca Group Announce Signing of Letter of Intent
Norcross Braca Group Will Invest at Least $35 Million as Part of a $75 Million Capital Raise and Will Gain Membership on Reconstituted Board Norcross Braca Group Will Invest at Least $35 Million as Part of a $75 Million Capital...
Republic Bank Launches Food Drive in Partnership With the Food Bank of South Jersey
PHILADELPHIA, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Republic First Bank d/b/a Republic Bank (the "Bank"), is excited to announce the launch of its food drive initiative in collaboration with the Food Bank of South Jersey. Starting on Friday, September 1st,...
Source: https://incomestatements.info
Category: Stock Reports