Republic First Bancorp, Inc. (FRBK)
| Market Cap | 394.30K |
| Revenue (ttm) | 147.58M |
| Net Income (ttm) | 1.58M |
| Shares Out | 70.41M |
| EPS (ttm) | 0.04 |
| PE Ratio | 0.14 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 130 |
| Open | 0.0056 |
| Previous Close | 0.0056 |
| Day's Range | n/a |
| 52-Week Range | 0.0003 - 1.5500 |
| Beta | -0.10 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | May 1, 2023 |
About FRBK
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 ove... [Read more]
Financial Performance
In 2021, FRBK's revenue was $161.96 million, an increase of 26.13% compared to the previous year's $128.40 million. Earnings were $21.68 million, an increase of 424.72%.
Financial StatementsNews
Republic First seizure signals more bank failures to come, expert warns
The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.
Fulton Financial rallies on plan to buy Republic First Bank — the first U.S. bank failure of 2024
Fulton Financial Corp.'s stock rallied Monday on plans by the bank to acquire Republic First Bank from the Federal Deposit Insurance Corp. in the year's first bank liquidation.
Fulton Financial jumps after buying failed Republic First Bank's deposits, assets
Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.
Republic First Bank's failure is not a sign of broader problems among regional banks: Analyst
David Smith of Autonomous Research discusses why he thinks Republic First Bank is not a "canary in the coal mine" and how a higher-for-longer interest rate environment might affect the regional bank s...
Republic First Sold to Fulton in Latest Regional Bank Failure
Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does ...
Here's What Led To Republic First's Collapse—And Why It's Different From 2023 Failures
Republic First Bancorp was seized by Pennsylvania regulators Friday, following a failed deal earlier this year to infuse the Philadelphia-based regional bank with new funds, amid a decline in deposits...
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 ea...
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.
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. N...
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 micr...
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 Pa...
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 Ban...
U.S. banks and regional lenders slide across the board as S&P is latest to downgrade ratings
U.S. banks and regional banks fell across the board on Tuesday, after S&P Global Ratings downgraded five smaller players after a review of risk related to funding, liquidity and asset quality with a f...
Republic First Bancorp.'s stock tanks 29% premarket after it says it will be delisted on Wednesday
Republic First Bancorp. Inc.'s stock FRBK, +11.11% tanked 29% in premarket trade Tuesday, after it said Nasdaq has informed it its stock will be delisted on Wednesday, after the company failed to file...
Republic First Bancorp, Inc. Receives Compliance Notice and New Notice of Non-Compliance from Nasdaq
PHILADELPHIA, Aug. 17, 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, as anticip...
Republic Bank Further Enhances Senior Leadership Team with Appointment of Linda Sanchez as Executive Vice President and Chief People Officer
PHILADELPHIA, July 19, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (“Republic” or the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the “Bank”), t...
Republic First Bancorp, Inc. Chairman Andrew Cohen and CEO Thomas Geisel Send Letter to Shareholders Outlining Progress on Strategy to Transform Company, Increase Profitability and Drive Long-Term Value
Company Announces that Republic and Affiliates of Castle Creek Capital and Cohen Private Ventures Have Agreed to Mutually Terminate Previously Announced Capital Raise
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Republic Bank Announces 3-Year Community Reinvesetment Grant Donation to Margate Terrace Senior Living in Partnership with Senior Secure
PHILADELPHIA, July 05, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company Republic First Bank d/b/a Republic Bank (the “Bank”) is proud to announce a significant ...
Republic Bank Announces Annual Meeting Date
Shareholders Will Have Opportunity to Vote on Three Directors for the Company's Expanded Eight-Person Board Shareholders Will Have Opportunity to Vote on Three Directors for the Company's Expanded Eig...
Republic First Bancorp, Inc. Enhances Senior Leadership Team with Appointment of Brian F. Doran as Executive Vice President and General Counsel
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...
Republic Bank Appoints Francis Mitchell as Senior Vice President, Treasurer and Chief Investment Officer
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...