Republic First Bancorp

Republic First Bancorp, Inc. is a bank holding company, which engages in the provision of a variety of credit and depository banking services through its subsidiary. It offers checking, savings, cash management, commercial, small business administration, and commercial real estate loans, mortgages, credit, debit, and gift cards, online and mobile banking, merchant services, and mobile deposit services. The company was founded on November 16, 1987 and is headquartered in Philadelphia, PA.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q1 2023

Earnings data Q4 2022

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Republic First Bancorp, Inc. is a bank holding company, which engages in the provision of a variety of credit and depository banking services through its subsidiary. The company was founded on November 16, 1987, and is headquartered in Philadelphia, PA.

PHILADELPHIA, June 20, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Brian F. Doran, Esq., as Executive Vice President and General Counsel, effective June 20, 2023. Mr. Doran has a distinguished background in the financial services industry that includes relevant legal and corporate governance roles at top institutions. He will report to Thomas X. Geisel, President and CEO.

Republic First Bancorp, Inc. Enhances Senior Leadership Team with Appointment of Brian F. Doran as Executive Vice President and General Counsel

PHILADELPHIA, June 06, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Francis “Fran” Mitchell as Senior Vice President, Treasurer and Chief Investment Officer, effective June 1, 2023. Fran brings a wealth of experience and expertise in the banking and finance industry based on his background holding senior positions at several notable financial institutions. He will report to Mike Harrington, Executive Vice President and Chief Financial Officer.

Republic Bank Appoints Francis Mitchell as Senior Vice President, Treasurer and Chief Investment Officer

Republic First Bancorp Inc. FRBK, the parent of regional Republic Bank, said late Thursday it will merge branches and take other steps to cut costs in its retail banking division. The company, with branches mostly in New Jersey and Pennsylvania, plans to reduce operating branch hours to account for customers' growing use on online banking, and eliminating “redundant or unnecessary” positions across the division.

Republic Bank plans cost cuts in retail banking division

PHILADELPHIA, June 01, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank" or “Republic”), today announced that it is taking additional steps to enhance operational efficiency within its Retail Banking Division. These steps are expected to support Republic's efforts to adapt to evolving customer preferences, better leverage technology, and realize cost and operating efficiencies in its core markets.

Republic Bank Advances New Leadership's Strategy by Enhancing Operational Efficiency and Initiating a Real Estate Evaluation

PHILADELPHIA--(BUSINESS WIRE)--Republic First Bancorp, Inc. (NASDAQ: FRBK) (“Republic” or the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the “Bank”), today announced that Andrew B. Cohen has been elected independent Chairman of the Company's Board of Directors (the “Board”), effective June 1, 2023. Mr. Cohen is the Chief Investment Officer and Co-Founder of Cohen Private Ventures LLC, a long-term shareholder of Republic. He joined the Board in 2017. Mr. Cohen pos.

Republic First Bancorp, Inc. Announces the Election of Andrew B. Cohen as Independent Chairman of the Board of Directors

Allocates Additional Staff and Resources to Expand Ability to Serve Small Businesses Allocates Additional Staff and Resources to Expand Ability to Serve Small Businesses

Republic First Bancorp, Inc. Continues to Advance Strategy of Focusing on Core Services and Markets by Strengthening Small Business Administration Team

Bridgewater Bancshares

ConnectOne Bancorp

Dime Community Bank

First of Long Island

Horizon

Hope Bancorp

First Internet Bancorp

KeyCorp

SPDR S&P Regional Banking ETF

PacWest Bancorp

Territorial Bancorp

Western Alliance Bancorporation

Zions Bancorp

Thirteen badly beaten-up bank stocks are reviewed and compared to those that were recently taken over. Items reviewed include uninsured deposits, risky activities, unrealized investment losses, capital ratios, ROE, performance in the last recession, and loan growth.

Want To Buy A Beaten Down Bank Stock? Here's A List And Analysis

HomeStreet

This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.

Banking Crisis Alert: 5 Banks That Could Fail Next

Republic First Bancorp said on Friday it cut jobs in its commercial lending unit as the lender prepares to exit its mortgage origination business.

Republic First Bancorp cuts jobs in preparation to exit mortgage business

Republic First Bancorp Inc. FRBK said Friday it's exiting its legacy mortgage origination business because it no longer aligns with the bank's preference for “shorter duration and better risk-adjusted return asset classes.” The bank said its traditional businss of long-term jumbo mortgages, priced at aggressive rates “is no longer consistent with the company's strategy for enhancing profitability and dedicating more resources to core business lines.

Republic First exits mortgage original business, stock rises in premarket

PHILADELPHIA, May 05, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company” or “Republic First”), the holding company for Republic First Bank d/b/a Republic Bank, today announced actions that it has taken in furtherance of management's strategy to better serve customers, focus resources on core business lines and markets, increase profitability and create value for shareholders.

Republic First Bancorp, Inc. Announces Business Updates to Advance Strategy of Focusing on Core Services and Markets

PHILADELPHIA, May 01, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company” or “Republic”), the holding company for Republic First Bank d/b/a Republic Bank (the “Bank”), today reported financial results for the first quarter ended March 31, 2023.

Republic First Bancorp, Inc. Reports First Quarter 2023 Financial Results

PHILADELPHIA, April 28, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced that the Bank has received a 2023 Community Impact Award from South Jersey Biz Magazine (“South Jersey Biz”).

Republic Bank Receives 2023 Community Impact Award

Republic First Bancorp Inc said on Friday it expects to file its annual report with the U.S. Securities and Exchange Commission by May 1, much later than the March 30 deadline.

Republic First Bancorp expects to file annual report after deadline

PHILADELPHIA--(BUSINESS WIRE)--Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company” or “Republic First”), the holding company for Republic First Bank d/b/a Republic Bank, today announced it has entered into a definitive agreement with certain accredited investors for a private placement of equity securities of the Company (the “Capital Raise”) in the aggregate amount of $125 million at a purchase price of $2.25 per share of Common Stock equivalent securities.

Republic First Announces $125 Million Equity Capital Raise to Support Execution of Strategic Plan to Drive Profitability and Enhance Shareholder Value

PHILADELPHIA--( BUSINESS WIRE )--Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company” or “Republic First”), the holding company for Republic First Bank d/b/a Republic Bank, today addressed recent communications from George E. Norcross, III, Gregory B. Braca, Philip A. Norcross and Avery Conner Capital Trust and its trustees (collectively with their respective affiliates, the “Norcross-Braca Group,” or the “Group”).

Republic First Addresses Norcross-Braca Group's Unwillingness to Participate in the Company's Full and Fair Strategic Review

PHILADELPHIA, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today has announced the appointment of Michael LaPlante as Senior Vice President, Chief Accounting Officer, effective January 17, 2023. Mr. LaPlante will be an integral leader on the finance team overseeing the Company's accounting functions, and will report directly to Chief Financial Officer, Michael Harrington.

Republic Bank Appoints Michael LaPlante as Senior Vice President, Chief Accounting Officer

PHILADELPHIA, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the holding company for Republic First Bank d/b/a Republic Bank, announced that on January 3, 2023, the Company received written notification from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company was not in compliance with Listing Rule 5620(a) (the “Rule”), which requires the Company to hold an annual meeting of shareholders no later than one year after the end of the Company's fiscal year-end for continued listing on The Nasdaq Global Market.

Republic First Bancorp, Inc. Receives Notice of Non-Compliance From Nasdaq

Fintel reports that Norcross George E III has filed a 13D/A form with the SEC disclosing ownership of 5,174,662 shares of Republic First Bancorp Inc (FRBK).

Raymond James & Associates Makes Revised Proposal for $75M Investment in Republic First Bancorp

Republic First Bancorp has appointed a new CEO and chief financial officer (CFO). The holding company for Republic First Bank d/b/a Republic Bank said in a Thursday (Dec. 22) press release that Thomas X.

Republic First Bancorp Names New CEO and CFO

PHILADELPHIA--( BUSINESS WIRE )--Republic First Bancorp, Inc. (NASDAQ: FRBK) (“Republic First” or the “Company”), the holding company for Republic First Bank d/b/a Republic Bank, today announced several leadership changes.

Republic First Bancorp Announces New Leadership Team

PHILADELPHIA, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the holding company for Republic First Bank d/b/a Republic Bank, announced that on November 14, 2022, the Company received written notification that, because the Company has not yet filed its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022 with the Securities and Exchange Commission (the “Commission”), the Company does not comply with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all periodic reports with the Commission.

Republic First Bancorp, Inc. Receives Notice of Additional Filing Delinquency From Nasdaq

PHILADELPHIA, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of  Republic Bank , will open a new store at 1998 Sproul Road in Broomall, PA on Saturday, November 5th. The new location, which features its signature, bright, glass building, is Republic's third store in Delaware County.

Republic Bank to open new store in Broomall, PA

PHILADELPHIA, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, promotes Steve McWilliams to Executive Vice President, Chief Lending Officer.

Steve McWilliams Promoted to Executive Vice President, Chief Lending Officer at Republic Bank

The Norcross Group Fails to Disclose that Its Recent Action Comes Only Days After Demand of $3.5M was Rejected by the Board

News for Republic First Bancorp Stock (FRBK)