Republic First Bancorp, Inc. (FRBK) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.myrepublicbank.com

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 Bancorp, Inc. Reports Fourth Quarter Financial Results Deposits Grow 34% and Earnings Continue to Improve as Momentum Builds

January 25, 2021globenewswire.com

PHILADELPHIA, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the period ended December 31, 2020.

Republic First Bancorp, Inc. to Report Fourth Quarter Financial Results on January 25, 2021

January 21, 2021globenewswire.com

PHILADELPHIA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the fourth quarter of 2020 on Monday, January 25, 2021. The Company...

Republic First Bancorp, Inc. Reports Third Quarter Financial Results; Momentum Continues for America's #1 Bank for Service

October 29, 2020globenewswire.com

PHILADELPHIA, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the period ended September 30, 2020.

Republic First Bancorp, Inc. Postpones Release of Third Quarter Financial Results Until October 29, 2020

October 27, 2020globenewswire.com

PHILADELPHIA, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it has decided to postpone the release of its financial results for the third quarter of 2020 until Thursday,...

State Street Corp Lowers Holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK)

August 11, 2020thelincolnianonline.com

State Street Corp trimmed its holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,012,173 shares of the bank’s...

Republic First Bancorp, Inc. (FRBK) Management on Q2 2020 Results - Earnings Call Transcript

July 27, 2020seekingalpha.com

Republic First Bancorp, Inc. (NASDAQ:FRBK) Q2 2020 Earnings Conference Call July 27, 2020 11:00 a.m.

Quaker Wealth Management LLC Lowers Stock Position in Republic First Bancorp, Inc. (NASDAQ:FRBK)

July 27, 2020thelincolnianonline.com

Quaker Wealth Management LLC decreased its holdings in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 41.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,700 shares of...

Deutsche Bank AG Increases Holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK)

July 12, 2020thelincolnianonline.com

Deutsche Bank AG grew its holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 96.8% in the first quarter, Holdings Channel reports. The firm owned 48,856 shares of the bank’s stock after buying an additional 24,029 shares during the quarter. Deutsche...

WINTON GROUP Ltd Has $68,000 Position in Republic First Bancorp, Inc. (NASDAQ:FRBK)

June 10, 2020thelincolnianonline.com

WINTON GROUP Ltd reduced its stake in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 46.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,922 shares of...