Last $4.39 USD
Change Today -0.01 / -0.23%
Volume 9.0K
FRBK On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 10:56 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

republic first bancorp inc (FRBK) Snapshot

Open
$4.41
Previous Close
$4.40
Day High
$4.44
Day Low
$4.36
52 Week High
05/14/14 - $6.00
52 Week Low
01/2/14 - $2.86
Market Cap
166.0M
Average Volume 10 Days
52.9K
EPS TTM
$-0.12
Shares Outstanding
37.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for REPUBLIC FIRST BANCORP INC (FRBK)

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republic first bancorp inc (FRBK) Details

Republic First Bancorp, Inc. operates as the holding company for Republic First Bank that provides various credit and depository banking services to individuals and businesses. It offers various deposit products, including consumer and commercial deposit accounts, checking accounts, interest-bearing demand accounts, money market accounts, certificates of deposit, savings accounts, sweep accounts, lockbox services, and individual retirement accounts. The company’s loan portfolio consists of secured and unsecured commercial loans comprising commercial real estate loans, construction and land development loans, commercial and industrial loans, owner occupied real estate loans, consumer and other loans, residential mortgages, automobile loans, home improvement loans, mortgages, home equity and overdraft lines of credit, and other products. As of September 9, 2014, it operated 14 locations, including stores in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media, and Philadelphia in Pennsylvania; and Cherry Hill, Voorhees, and Haddonfield in New Jersey. The company was founded in 1987 and is headquartered in Philadelphia, Pennsylvania.

226 Employees
Last Reported Date: 03/24/14
Founded in 1987

republic first bancorp inc (FRBK) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $499.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $234.2K
President of Republic First Bank and Chief Op...
Total Annual Compensation: $351.2K
Chief Retail Officer for Republic First Bank ...
Total Annual Compensation: $257.5K
Chief Credit Officer of Republic First Bank a...
Total Annual Compensation: $253.1K
Compensation as of Fiscal Year 2013.

republic first bancorp inc (FRBK) Key Developments

Republic Bank Begins New Store Construction to Open in December 2014

Republic First Bancorp Inc. has announced the location of its fourth Southern New Jersey retail store at 100 William Dalton Drive in Glassboro. Reflecting a design similar to its recently opened Cherry Hill and Voorhees locations, the Glassboro store will feature Republic Bank's unique all-glass cube, which aims to welcome Customers and present an inviting atmosphere in which to fulfill their banking needs. Construction at the location began this summer and a Grand Opening is scheduled for December 2014. The site selection marks the next step in the bank's growth plan, coined 'The Power of Red is Back'. During the last twelve months, Republic Bank has opened a new store in Cherry Hill, relocated stores in Voorhees, NJ and Media, PA, and renovated its store in Center City Philadelphia. Over the next few years, the bank plans to build additional stores in Southern New Jersey, specifically in Marlton, Berlin, Moorestown, Mount Holly, Medford and Washington Township. Republic Bank also plans to add a second store in Cherry Hill.

Republic First Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter of 2014

Republic First Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $8,484,000 against $8,098,000 a year ago. Income before benefit for income taxes was $516,000 against $987,000 a year ago. Net income was $537,000 or $0.02 per diluted share against $1,011,000 or $0.04 per diluted share a year ago. Tangible book value per share as of June 30, 2014 was $2.95. For the six months, the company reported net interest income of $17,083,000 against $15,951,000 a year ago. Income before benefit for income taxes was $1,230,000 against $1,953,000 a year ago. Net income was $1,292,000 or $0.04 per diluted share against $2,003,000 or $0.08 per diluted share a year ago. For the second quarter of 2014, the company reported net charge-offs of $187,000 against $946,000 a year ago.

Republic First Bancorp Inc.(NasdaqGM:FRBK) added to Russell 2000 Index

Republic First Bancorp Inc. will be added to the Russell 2000 Index.

 

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Industry Analysis

FRBK

Industry Average

Valuation FRBK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.1x
Price/Book 1.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.6x
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