Last $3.94 USD
Change Today -0.13 / -3.19%
Volume 12.8K
FRBK On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

republic first bancorp inc (FRBK) Snapshot

Open
$4.08
Previous Close
$4.07
Day High
$4.08
Day Low
$3.94
52 Week High
05/14/14 - $6.00
52 Week Low
01/2/14 - $2.86
Market Cap
149.0M
Average Volume 10 Days
37.3K
EPS TTM
$-0.07
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 October 16, 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 First Bancorp Inc. Appoints Don Colligan as Vice President, Commercial Lender for South Jersey Market

Republic First Bancorp Inc. announced Don Colligan as Vice President, Commercial Lender for the bank's South Jersey market. In this role, Colligan will maintain current and develop new commercial loan relationships. Colligan began his financial services career nearly 20 years ago as a Commercial Loan Officer at Commerce Bank (now TD Bank), developing relationships and managing a growing loan portfolio.

Republic First Bancorp Inc. Appoints Tom Waller as Vice President

Republic First Bancorp Inc. announced that Tom Waller was named Vice President, Commercial Lender for the Pennsylvania market. In this role, Waller will develop new commercial lending opportunities for Republic Bank in the Delaware Valley. Waller brings more than 32 years of financial services experience to his position at Republic Bank, having previously held positions at Firstrust Bank, Cash Connection Inc., and PSFS/Meritor Savings Bank. Most recently, Tom spent 11 years as a Regional Business Banker for Firstrust, developing new business relationships with commercial customers in Philadelphia, and surrounding counties. During his time at PSFS/Meritor Savings Bank, he served as Vice President, Business Banking, providing commercial credit and cash management products in Center City Philadelphia.

Republic First Bancorp, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Offs for the Third Quarter of 2014

Republic First Bancorp Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. The company recorded net income of $0.3 million, or $0.01 per diluted share, for the third quarter of 2014 compared to a net loss of $2.2 million, or $0.09 per diluted share, for the third quarter of 2013. Tangible book value per share was $2.95 as of September 30, 2014. Total interest income was $10,401,000, compared to $9,339,000 a year ago. Net interest income was $9,206,000, compared to $8,226,000 a year ago. Income before income taxes was $291,000, compared to loss of $2,240,000 a year ago. Net income for the nine month period ended September 30, 2014 was $1.6 million, or $0.05 per diluted share, compared to a net loss of $0.2 million, or $0.01 per diluted share, for the nine months ended September 30, 2013. The increase in net income in both the three and nine month periods ended September 30, 2014 is primarily attributable to a one-time charge of $1.9 million recorded in the third quarter of 2013 related to a settlement agreement in connection with litigation in which the company was a defendant in the prior year. Total interest income was $29,687,000, compared to $27,661,000 a year ago. Net interest income was $26,289,000, compared to $24,177,000 a year ago. Income before income taxes was $1,521,000, compared to loss of $287,000 a year ago. Net charge-offs for the third quarter of 2014 were $147,000, compared to $878,000 a year ago.

 

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FRBK

Industry Average

Valuation FRBK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.0x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
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