Republic First Bancorp, Inc. (FRBKQ)

Republic First Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Interest Income on Loans	114.03	114.89	93.29	74.5	64.05	50.09
Interest Income on Investments	53.9	32.91	21.66	30.37	28.03	20.76
Total Interest Income	167.93	147.8	114.95	104.86	92.07	70.85
Interest Paid on Deposits	17.06	18.34	22.75	26.27	14.43	7.42
Interest Paid on Borrowings	2.63	0.25	0.37	0.79	1.74	1.37
Total Interest Expense	19.69	18.59	23.12	27.06	16.17	8.78
Net Interest Income	148.24	129.21	91.83	77.81	75.9	62.07
Net Interest Income Growth (YoY)	24.33%	40.70%	18.03%	2.51%	22.30%	31.04%
Mortgage Banking Activities	4.99	12.01	17.59	10.13	10.23	11.17
Gain (Loss) on Sale of Investments	-0.05	0	2.76	1.1	-0.07	-0.15
Other Non-Interest Income	0.9	3.56	3.09	1.78	1.58	1.79
Total Non-Interest Income	22.44	32.75	36.24	23.74	20.32	20.1
Non-Interest Income Growth (YoY)	-38.55%	-9.63%	52.65%	16.81%	1.12%	31.25%
Revenues Before Loan Losses	170.67	161.96	128.07	101.55	96.23	82.16
Provision for Loan Losses	6.61	5.75	4.2	1.91	2.3	0.9
Revenue	164.07	156.21	123.87	99.64	93.93	81.26
Revenue Growth (YoY)	9.06%	26.11%	24.31%	6.08%	15.58%	32.96%
Salaries and Employee Benefits	60.41	57.16	54.36	51.26	41.97	36.12
Occupancy Expenses	8.54	8.42	8.18	6.48	5.45	4.62
Federal Deposit Insurance	4.26	3.48	2.55	1.23	1.68	1.37
Selling, General & Administrative	42.39	31.09	27.88	25.27	18.26	16.29
Other Non-Interest Expense	23.89	21.52	18.98	18.14	14.78	12.79
Total Non-Interest Expense	140.02	122.51	112.41	104.49	83.72	75.28
EBT Excluding Unusual Items	24.04	33.7	11.46	-4.85	10.21	5.99
Pretax Income	24.04	33.7	6.44	-4.85	10.21	5.99
Income Tax Expense	6.18	8.53	1.39	-1.35	1.58	-2.92
Net Income	17.86	25.18	5.05	-3.5	8.63	8.91
Preferred Dividends & Other Adjustments	3.03	3.5	0.92	-	-	-
Net Income to Common	14.83	21.68	4.13	-3.5	8.63	8.91
Net Income Growth	-23.02%	398.14%	-	-	-3.12%	80.08%
Basic Shares Outstanding	61	59	59	59	58	57
Diluted Shares Outstanding	71	76	59	59	59	58
Shares Change (YoY)	0.38%	28.94%	0.12%	-0.97%	1.99%	46.12%
EPS (Basic)	0.24	0.37	0.07	-0.06	0.15	0.16
EPS (Diluted)	0.22	0.33	0.07	-0.06	0.15	0.15
EPS Growth	-28.90%	373.53%	-	-	-1.45%	25.00%
Effective Tax Rate	25.72%	25.30%	21.57%	-	15.46%	-

Source: S&P Capital IQ. Banks template. Financial Sources.