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 and a struggling mortgage lending business.
- 04/27/2024
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Republic First Bank Seized, Sold To Fulton Financial
- Fulton Financial will assume the assets and deposits of Republic First Bank, which was seized Friday by Pennsylvania regulators. Fulton stock jumped.
- 04/26/2024
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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 early 2023.
- 04/26/2024
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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.
- 04/26/2024
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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.
- 04/24/2024
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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. Norcross, III, Gregory B. Braca, Philip A. Norcross, Lexie Norcross, and other Norcross family members and affiliates (collectively, the “Norcross Braca Group”), today provided an updated timeline for the closing of the Norcross Braca Group's previously announced $35 million capital investment in the Company.
- 11/30/2023
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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 microcap bank.
- 11/02/2023
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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.
- 10/27/2023
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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
- 10/27/2023
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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 Part of a $75 Million Capital Raise and Will Gain Membership on Reconstituted Board
- 09/27/2023
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Republic First Bancorp Inc's Rocky Road Ahead: Unraveling the Factors Limiting Growth
- Long-established in the Banks industry, Republic First Bancorp Inc ( FRBK , Financial) has enjoyed a stellar reputation. It has recently witnessed a surge of 43.85%, juxtaposed with a three-month change of -70.59%.
- 08/23/2023
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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 focus on office commercial real estate.
- 08/22/2023
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Republic First Bancorp stock slumps as it loses its Nasdaq listing
- Shares of Republic First Bancorp plummeted close to 50% in Tuesday premarket trading after it told investors that it will be delisted on Wednesday. In a statement, the Philadelphia-based parent of Republic First Bank, dba Republic Bank, said it was notified by the Nasdaq's Listing Qualifications Department that it will no longer be listed on the exchange because of its failure to file its 2022 Form 10-K annual report with the Securities and Exchange Commission.
- 08/22/2023
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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 its annual report in time.
- 08/22/2023
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Republic Bank plans cost cuts in retail banking division
- 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.
- 06/01/2023
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Want To Buy A Beaten Down Bank Stock? Here's A List And Analysis
- 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.
- 05/08/2023
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Banking Crisis Alert: 5 Banks That Could Fail Next
- This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.
- 05/07/2023
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Republic First exits mortgage original business, stock rises in premarket
- 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.
- 05/05/2023
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Republic First Bancorp expects to file annual report after deadline
- 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.
- 03/24/2023
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Raymond James & Associates Makes Revised Proposal for $75M Investment in Republic First Bancorp
- 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).
- 01/02/2023
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Republic First Bancorp Names New CEO and CFO
- 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.
- 12/22/2022
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The 7 Best Penny Stocks to Buy Now
- As stocks remain in a bear market, even the best penny stocks continue to trade at depressed price levels. With macro uncertainties like inflation, rising interest rates, and a possible recession still looming, investors are reluctant to dive into these names, which are typically more risky and volatile than large-cap stocks.
- 10/26/2022
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8 Cheap Stocks That You Can't Ignore
- The increased number of cheap stocks available makes the current bear market fairly attractive to investors. Here are the ones analysts love.
- 06/06/2022
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Will Republic First (FRBK) Gain on Rising Earnings Estimates?
- Republic First (FRBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 01/25/2022
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Republic First Bancorp, Inc. (FRBK) CEO Vernon Hill on Q4 2021 Results - Earnings Call Transcript
- Republic First Bancorp, Inc. (FRBK) CEO Vernon Hill on Q4 2021 Results - Earnings Call Transcript
- 01/20/2022
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Republic First (FRBK) Beats Q4 Earnings and Revenue Estimates
- Republic First (FRBK) delivered earnings and revenue surprises of 33.33% and 12.63%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/20/2022
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Republic First Bancorp, Inc. to Report Fourth Quarter Financial Results on January 20, 2022
- PHILADELPHIA, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the fourth quarter of 2021 on Thursday, January 20, 2022. The Company will hold a conference call to review these results on the same day at 11:00am (EST).
- 01/18/2022
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3 Reasons Growth Investors Will Love Republic First (FRBK)
- Republic First (FRBK) possesses solid growth attributes, which could help it handily outperform the market.
- 11/24/2021
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Republic First Bancorp: Strong Results, But Loan Loss Provisions Will Likely Persist
- Republic First Bancorp is a small Pennsylvania-based bank with additional activities in New Jersey and New York. The net income in the most recent quarter and the first three quarters of the year remains strong.
- 11/22/2021
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Can Republic First (FRBK) Run Higher on Rising Earnings Estimates?
- Republic First (FRBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 11/10/2021
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3 Reasons Why Growth Investors Shouldn't Overlook Republic First (FRBK)
- Republic First (FRBK) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 11/02/2021
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Republic First Bancorp, Inc.'s (FRBK) CEO Vernon Hill on Q3 2021 Results - Earnings Call Transcript
- Republic First Bancorp, Inc.'s (FRBK) CEO Vernon Hill on Q3 2021 Results - Earnings Call Transcript
- 10/27/2021
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Republic First (FRBK) Surpasses Q3 Earnings and Revenue Estimates
- Republic First (FRBK) delivered earnings and revenue surprises of 33.33% and 0.28%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/27/2021
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Republic First Bancorp, Inc. to Report Third Quarter Financial Results on October 27, 2021
- PHILADELPHIA, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the third quarter of 2021 on Wednesday, October 27, 2021. The Company will hold a conference call to review these results on the same day at 11:00am (EDT).
- 10/21/2021
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Republic First Bancorp, Inc. Names Peter Musumeci as Market President for Metro New York
- PHILADELPHIA, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced that its subsidiary, Republic Bank, named Peter Musumeci as the Market President for Metro New York, including New York City, Long Island, Westchester County and Northern New Jersey.
- 08/26/2021
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Republic First Bancorp, Inc. Names Steve McWilliams as Market President for Metro Philadelphia
- PHILADELPHIA, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced that its subsidiary, Republic Bank, named Steve McWilliams as Market President for Metro Philadelphia, including South New Jersey and Delaware.
- 08/25/2021
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Republic First (FRBK) Q2 Earnings Meet Estimates
- Republic First (FRBK) delivered earnings and revenue surprises of 0.00% and -5.22%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/23/2021
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Recap: Republic First Bancorp Q2 Earnings
- Shares of Republic First Bancorp (NASDAQ:FRBK) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 100.00% year over year to $0.08, which beat the estimate of $0.06.
- 07/23/2021
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Republic First Bancorp, Inc. Reports Second Quarter Financial Results
- Deposits Grow 25% and Net Income Increases 578% Year Over Year Deposits Grow 25% and Net Income Increases 578% Year Over Year
- 07/23/2021
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Republic First (FRBK) Earnings Expected to Grow: Should You Buy?
- Republic First (FRBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/19/2021
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Republic First Bancorp, Inc. to Report Second Quarter Financial Results on July 23, 2021
- PHILADELPHIA, July 16, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the second quarter of 2021 on Friday, July 23, 2021. The Company will hold a conference call to review these results on the same day at 11:00am (EDT).
- 07/16/2021
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Vernon Hill Shares Business Lessons Learned with LEAP Academy Students
- PHILADELPHIA, June 24, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank , continued to demonstrate its support for the communities it serves as Chairman and CEO Vernon W. Hill II shared lessons from his business career with LEAP Academy University Charter School students. Mr. Hill's interactive presentation given to 11th and 12th grade students detailed the start of his career in banking through his success at Commerce Bank to today as he spearheads the growth of Republic Bank, America's #1 Bank for Service.
- 06/24/2021
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Republic Bank Announces Growth in Gloucester-Atlantic Region
- PHILADELPHIA, June 23, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank , today announces its continued growth in Gloucester and Atlantic counties with the grand opening of a new store in Deptford, NJ, featuring its signature all-glass cube design. This location is the bank's fifth in the Gloucester-Atlantic region with a sixth store set to open in Ocean City later this year.
- 06/23/2021
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Republic First (FRBK) Upgraded to Buy: What Does It Mean for the Stock?
- Republic First (FRBK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 05/19/2021
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Republic First Bancorp's (FRBK) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Republic First Bancorp, Inc. (FRBK).
- 04/28/2021
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Earnings Estimates Rising for Republic First (FRBK): Will It Gain?
- Republic First (FRBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 04/27/2021
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Republic First Bancorp's (FRBK) CEO Vernon Hill on Q1 2021 Results - Earnings Call Transcript
- Republic First Bancorp's (FRBK) CEO Vernon Hill on Q1 2021 Results - Earnings Call Transcript
- 04/26/2021
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Republic First (FRBK) Q1 Earnings and Revenues Surpass Estimates
- Republic First (FRBK) delivered earnings and revenue surprises of 50.00% and 9.18%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/22/2021
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Republic First Bancorp, Inc. to Report First Quarter Financial Results on April 22, 2021
- PHILADELPHIA, April 19, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the first quarter of 2021 on Thursday, April 22, 2021. The Company will hold a conference call to review these results on the same day at 11:00am (EDT).
- 04/19/2021
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Republic Bank Hires Andrew Cameron as Senior Vice President in Long Island Market
- PHILADELPHIA, March 17, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank , today announced the hire of Andrew Cameron as Senior Vice President and Team Lead for the Long Island market, a new region of focus for the bank. In this role, Cameron will look to grow the bank's presence in the market by utilizing his decades of experience and many industry connections to grow key business relationships.
- 03/17/2021
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Republic First Bancorp, Inc. Chairman Vernon Hill Named CEO
- PHILADELPHIA, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank , today announced that Chairman Vernon W. Hill has been named to the additional role of Chief Executive Officer at both the Holding Company and the Bank. Harry D. Madonna, the founder of the bank, will remain as President and Chairman Emeritus of Republic First Bancorp, Inc.
- 02/24/2021
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2 Great Stocks for Around $10 or Less
- USA Technologies and Republic First are two stocks that should be on your radar.
- 02/20/2021
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Republic Bank Promotes Paul Amann to New York City Team Lead
- PHILADELPHIA, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank , today announced that Paul Amann has been promoted to Team Lead for the New York market. He previously served as a senior vice president, middle market lender since joining the bank in July 2019, where he was responsible for commercial loan growth. In his new role, Amann will build upon his current responsibilities and look to develop the commercial and industrial, and real estate clients throughout the tri-state area.
- 01/26/2021
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Republic First Bancorp, Inc. (FRBK) Management on Q4 2020 Results - Earnings Call Transcript
- Republic First Bancorp, Inc. (FRBK) Management on Q4 2020 Results - Earnings Call Transcript
- 01/25/2021
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Republic First (FRBK) Beats Q4 Earnings and Revenue Estimates
- Republic First (FRBK) delivered earnings and revenue surprises of 400.00% and 14.66%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 01/25/2021
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Republic First Bancorp, Inc. Reports Fourth Quarter Financial Results Deposits Grow 34% and Earnings Continue to Improve as Momentum Builds
- PHILADELPHIA, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the period ended December 31, 2020.
- 01/25/2021
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Republic First Bancorp, Inc. to Report Fourth Quarter Financial Results on January 25, 2021
- PHILADELPHIA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the fourth quarter of 2020 on Monday, January 25, 2021. The Company will hold a conference call to review these results on the same day at 11:00am (EST).
- 01/21/2021
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Republic First Bancorp, Inc. Reports Third Quarter Financial Results; Momentum Continues for America's #1 Bank for Service
- PHILADELPHIA, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the period ended September 30, 2020.
- 10/29/2020
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Republic First Bancorp, Inc. Postpones Release of Third Quarter Financial Results Until October 29, 2020
- PHILADELPHIA, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it has decided to postpone the release of its financial results for the third quarter of 2020 until Thursday, October 29, 2020. The Company will hold a conference call to review these results on the same day at 11:00am (EDT).
- 10/27/2020
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Republic First Bancorp, Inc. Announces Pricing of $50 Million Preferred Stock Offering
- PHILADELPHIA, Aug. 19, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced that it has priced an offering of $50 million of preferred stock.The terms of the preferred stock offering are as follows: •Perpetual noncumulative preferred stock Series A ($0.01 par value) •Dividend rate of 7.0% payable on a quarterly basis •Convertible into share of the Company’s common stock at a price of $3.00 per share •The sale was completed through a registered direct offering to certain investors Vernon W. Hill, II, Chairman of Republic First Bancorp said:“This offering provides us with the capital resources to continue with our growth strategy. In recognition of our unwavering commitment to extraordinary customer service and convenience our FANS responded to a recent Forbes survey and Republic was ranked as America’s 1 Bank for Service. The goal of our model is to create FANS NOT CUSTOMERS, who join our brand, remain loyal and refer family and friends. Republic Bank continues to demonstrate strong results with deposit growth of 28% and loan growth of 25% excluding the impact of the PPP loan program as of June 30, 2020.”Additional Information Regarding the OfferingThe Company expects to close the transaction, subject to customary closing conditions, on August 26, 2020 and expects to use the proceeds for general corporate purposes. Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co. acted as placement agents for the offering.This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of Series A Preferred Stock, nor shall there be any sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The shares of Series A Preferred Stock being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus relating thereto.The offering will be made only by means of a prospectus supplement and accompanying base prospectus. Republic First Bancorp, Inc. has filed a registration statement (File No. 333-228279) and a preliminary prospectus supplement to the prospectus contained in the registration statement with the U.S. Securities and Exchange Commission for the Series A Preferred Stock to which this communication relates and will file a final prospectus supplement relating to the Series A Preferred Stock. Prospective investors should read the prospectus supplement and base prospectus in the registration statement and other documents that Republic First Bancorp, Inc. has filed or will file with the Commission for more complete information about Republic First Bancorp, Inc. and the offering. You may obtain these documents for free by visiting EDGAR on the Commission’s website at http://www.sec.gov. Electronic copies of the preliminary prospectus supplement and the accompanying base prospectus may be obtained by contacting KBW (kbwsyndicatedesk@kbw.com) or Piper Sandler (fsg-dcm@psc.com) or by telephone at (800) 966-1559.About Republic BankRepublic Bank, a subsidiary of Republic First Bancorp, Inc., is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through its thirty stores located in Greater Philadelphia, Southern New Jersey and New York City. Republic Bank stores are open 7 days a week, 361 days a year, with extended lobby and drive-thru hours providing customers with some of the most convenient hours compared to any bank in its market. The Bank offers free checking, free coin counting, ATM/Debit cards issued on the spot and access to more than 55,000 surcharge free ATMs worldwide via the Allpoint Network. The Bank also offers a wide range of residential mortgage products through its mortgage division which does business under the name of Oak Mortgage Company. For more information about Republic Bank, visit www.myrepublicbank.com.Forward Looking StatementsThe Company may from time to time make written or oral "forward-looking statements", including statements contained in this release and in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements contained herein, are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. For example, risks and uncertainties can arise as a result of the negative impacts and disruptions of the COVID-19 pandemic and measures taken to contain its spread on our employees, customers, business operations, credit quality, financial position, liquidity and results of operations; the length and extent of the economic contraction as a result of the COVID-19 pandemic; continued deterioration in general economic conditions; changes in customer behavior; changes in the adequacy of our allowance for loan losses and our methodology for determining such allowance; adverse changes in our loan portfolio and credit risk-related losses and expenses; changes in concentrations within our loan portfolio, including our exposure to commercial real estate loans, and to our primary service area; changes in interest rates; our ability to identify, negotiate, secure and develop new store locations and renew, modify, or terminate leases or dispose of properties for existing store locations effectively; business conditions in the financial services industry, including competitive pressure among financial services companies, new service and product offerings by competitors, price pressures and similar items; changes in deposit flows and loan demand; the regulatory environment, including evolving banking industry standards, changes in legislation or regulation; our securities portfolio and the valuation of our securities; changes in accounting principles, policies and guidelines as well as estimates and assumptions used in the preparation of our financial statements; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters and future pandemics; litigation liabilities, including costs, expenses, settlements and judgments; and other economic, competitive, governmental, regulatory and technological factors affecting our operations, pricing, products and services. You should carefully review the risk factors described in the Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Report for the quarters ended March 31, 2020 and June 30, 2020, and other documents we file from time to time with the Securities and Exchange Commission. The words "would be," "could be," "should be," "probability," "risk," "target," "objective," "may," "will," "estimate," "project," "believe," "intend," "anticipate," "plan," "seek," "expect" and similar expressions or variations on such expressions are intended to identify forward-looking statements. All such statements are made in good faith by us pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. We do not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of us, except as may be required by applicable law or regulations.Source: Republic First Bancorp, Inc.Contact: Frank A. Cavallaro, CFO (215) 735-4422
- 08/19/2020
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State Street Corp Lowers Holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK)
- State Street Corp trimmed its holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,012,173 shares of the bank’s stock after selling 16,230 shares during the quarter. State Street Corp’s holdings in Republic First […]
- 08/11/2020
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Republic First Bancorp, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
- Investors in Republic First Bancorp, Inc. (NASDAQ:FRBK) had a good week, as its shares rose 8.6% to close at US$2.41...
- 07/30/2020
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Republic Bank Hires Regional Vice President for New York
- PHILADELPHIA, July 29, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hiring of Daniel Markus as Regional Vice President for the New York market. In his new position, Markus will be responsible for managing customer relationships and driving loan and deposit growth in the New York Market. “Daniel is a strong addition to our rapidly expanding New York-based team,” said Vernon Hill, Chairman of Republic Bank. “His lending track record and deep business relationships throughout the New York metropolitan area will help propel our continued growth in the region. After recently being named America’s 1 Bank for Service, we are confident that Daniel will help us turn even more Republic Bank customers into FANS.”Markus brings significant experience to this role having managed a broad spectrum of industries in the Long Island, New York City and New Jersey Markets. He previously served as a First Vice President of Commercial Lending for Valley National Bank, where he led a team which closed on $300 million in new loans. Prior to this position, he was a Senior Associate at Marks Paneth for several years. Markus holds an MBA from Providence College.“In a short period of time, Republic Bank has established itself as best in class in the New York City market,” said Markus. “I’m thrilled to help build on this momentum, introducing more New Yorkers to the best banking experience across every channel.”The bank’s New York City stores at 14th Street and 5th Avenue and 51st Street and 3rd Avenue opened in July and November 2019, respectively. A third location in the city is planned for 2021.In 2020, Republic Bank was named America’s 1 Bank for Service in a national consumer satisfaction survey. Whether banking in-person, online, via mobile or over the phone, the bank delivers an unmatched customer experience and its modern stores, long hours, dog-friendly policies and free services such as coin counting set it apart from competitors large and small. Republic Bank continues to expand its footprint throughout Philadelphia, Southern New Jersey and New York City as part of its “The Power of Red is Back” growth plan. Republic Bank’s 30 stores are open seven days a week, 361 days a year, with extended lobby and drive-thru hours, providing customers incredible convenience and flexibility. The bank also offers absolutely free checking, ATM/Debit cards and credit cards issued on the spot and access to more than 55,000 surcharge free ATMs worldwide via the Allpoint network.About Republic BankRepublic Bank is the operating name for Republic First Bank. Republic First Bank is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through its 30 offices located in Atlantic, Burlington, Camden and Gloucester Counties in New Jersey; Bucks, Delaware, Montgomery and Philadelphia Counties in Pennsylvania and New York County in New York. The bank also offers a wide range of residential mortgage products through its mortgage division, Oak Mortgage Company. For more information about Republic Bank, please visit www.myrepublicbank.com.Forward Looking StatementsRepublic First Bancorp, Inc. ("the Company") may from time to time make written or oral "forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission. These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. These factors include competition, timing, credit risks of lending activities, changes in general economic conditions, price pressures on loan and deposit products, and other factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward-looking statement, whether written or oral that may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.SOURCE: Republic First Bancorp, Inc.CONTACT Carly Colombo ccolombo@briancom.com
- 07/29/2020
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Republic First Bancorp Inc (FRBK) Q2 2020 Earnings Call Transcript
- Image source: The Motley Fool. Republic First Bancorp Inc (NASDAQ: FRBK)Q2 2020 Earnings CallJul 27, 2020, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and welcome to the Second Quarter 2020 Earnings Conference Call.
- 07/27/2020
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Republic First Bancorp, Inc. (FRBK) Management on Q2 2020 Results - Earnings Call Transcript
- Republic First Bancorp, Inc. (NASDAQ:FRBK) Q2 2020 Earnings Conference Call July 27, 2020 11:00 a.m.
- 07/27/2020
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Republic First (FRBK) Q2 Earnings and Revenues Top Estimates
- Republic First (FRBK) delivered earnings and revenue surprises of 100.00% and 0.49%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/27/2020
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Republic First Bancorp: Q2 Earnings Insights
- Shares of Republic First Bancorp (NASDAQ:FRBK) rose 4.5% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share were up 300.00% over the past year to $0.04, which beat the estimate of ($0.01).Revenue of $30,851,000 higher by 16.87% year over year, which beat the estimate of $29,700,000.Outlook Republic First Bancorp hasn't issued any earnings guidance for the time being.Republic First Bancorp hasn't issued any revenue guidance for the time being.Conference Call Details Date: Jul 27, 2020View more earnings on FRBKTime: 11:00 AMET Webcast URL: http://investors.myrepublicbank.com/eventPrice Action Company's 52-week high was at $4.96Company's 52-week low was at $1.80Price action over last quarter: down 17.87%Company Overview Republic First Bancorp Inc is an American state-chartered bank. It is principally a holding company for Republic First Bank. The bank offers a range of credit and depository banking products and services, such as consumer and commercial deposit accounts, interest-bearing demand accounts, savings accounts, secured and unsecured commercial loans, real estate loans, automobile loans, mortgages, and other products. It operates in the reportable segment of Community banking.See more from Benzinga * Earnings Scheduled For July 27, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/27/2020
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Republic First Bancorp, Inc. Reports Second Quarter Financial Results; Named America’s #1 Bank for Service by Forbes Magazine
- PHILADELPHIA, July 27, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the period ended June 30, 2020. Q2-2020 Financial Highlights * During the second quarter of 2020 Republic Bank was named as America’s 1 Bank for Service in a recent national Forbes survey to identify which financial institutions have the most satisfied customers. * We originated $682 million in loans under the Paycheck Protection Program (PPP) administered by the SBA providing crucial funding for small business throughout our footprint. Gross origination fees of $22 million were earned through this program which will be recognized as income over the life of the loans. * Profitability improved as the Company reported net income of $2.5 million, or $0.04 per share, during the second quarter of 2020 compared to a net loss of $0.6 million, or ($0.01) per share during the first quarter of 2020. * Pre-tax pre-provision earnings (PTPP) increased to $4.2 million during the second quarter of 2020 compared to $27 thousand in the first quarter of 2020 and $0.5 million in the second quarter of 2019. * On a linked quarter basis, total revenue increased 13% during the second quarter of 2020 while non-interest expense decreased by 2% compared to the first quarter of 2020. Year over year total revenue increased 17% and non-interest expense increased 3% during the quarter ended June 30, 2020 compared to the quarter ended June 30, 2019. * Asset quality continues to improve as the ratio of non-performing assets to total assets declined to 0.31% as of June 30, 2020. Only 2% of our loan customers were deferring loan payments as of July 24, 2020. These deferrals relate to approximately 7% of outstanding loan balances excluding PPP loans. * Total loans grew $1.0 billion, or 69%, to $2.5 billion as of June 30, 2020 compared to $1.5 billion at June 30, 2019. Excluding the impact of the PPP loan program loans grew $380 million, or 25%, year over year. * Total deposits increased by $1.1 billion, or 44%, to $3.6 billion as of June 30, 2020 compared to $2.5 billion as of June 30, 2019. Excluding the impact of the PPP loan program deposits grew $716 million, or 28%, year over year.Vernon W. Hill, II, Chairman of Republic First Bancorp said:“In the second quarter ‘The Power of Red is Back’ expansion campaign continued to deliver exceptional service during these unprecedented times. Our stores remained operational throughout the quarter serving customers in any way possible in a safe and efficient manner. Through our participation in the PPP loan program authorized by the CARES Act we were able assist thousands of small businesses by providing critical access to funding to support operations in the midst of an economic shutdown.”“In recognition of our unwavering commitment to extraordinary customer service and convenience our FANS responded to a recent Forbes survey and Republic was ranked as America’s 1 Bank for Service. The goal of our model is to create FANS NOT CUSTOMERS, who join our brand, remain loyal and refer family and friends. The results of the Forbes survey not only demonstrates the success of our model, but also shows that we deliver on our commitment to service better that every other bank in the country.”Republic will launch its new brand campaign as America’s 1 Bank for Service during the third quarter of 2020.Harry D. Madonna, President and Chief Executive Officer of Republic First Bancorp added:“Net income during 2019 was negatively impacted by the challenging nature of the interest rate environment and costs required to initiate our expansion into New York City. During the second quarter of 2020 we returned to profitability through the dedication and commitment of every member of the Republic Bank Team to improve earnings. We have consistently stated that it is our goal to deliver best in class service across all delivery channels…..in-store, by phone, online and mobile options....as we strive to create new FANS each and every day. We are focused on meeting that goal in the most efficient manner possible.”Paycheck Protection ProgramDuring the second quarter the Republic Bank Team turned its attention to the needs of small businesses in our community. The Paycheck Protection Program included in the CARES Act authorized financial institutions to make loans to companies that have been impacted by the devastating economic effects of the coronavirus (COVID-19) pandemic. We responded by quickly developing a process to accept applications for the program not only from our valued small business customers, but from non-customers throughout the community as well.PPP Loan Program HighlightsRepublic Bank recognized the SBA PPP Loan Program as an opportunity to help existing and new small business customers actively participated in the program by accepting applications.As of June 30, 2020 Republic has: * Originated $682 million in PPP loans * Related to more than 4,800 PPP loan applications * More than 50% of the applications received were from small businesses that were not existing customers of Republic Bank, many of which have already switched their primary banking relationship to Republic Bank * The average loan size of all PPP loans approved was $140 thousand * Gross origination fees of $22 million were earned by Republic which will be recognized as income over the life of the loans * Funding for this program was provided through the Federal Reserve PPP Lending Facility, which has resulted in exclusion of the PPP asset balances from the leverage ratio calculation.As a percentage of existing loan balances outstanding as of March 31, 2020, the $682 million in PPP loans originated by Republic amounted to 36% making us one of the top PPP lenders in the entire country.Loss Mitigation and Loan Portfolio AnalysisManagement has taken a proactive approach to analyze and prepare for the potential challenges to be faced as the effects of the economic shutdown begin to unfold. A detailed analysis of loan concentrations and segments that may represent the areas of highest risk has been prepared. Our commercial lending team has initiated contact with many of our loan customers to discuss the impact that the pandemic has had on their businesses to date and the expected ramifications that may be felt in the future. We have granted payment deferrals for customers that made a request and had an immediate need for assistance.Management believes exposure in the loan portfolio to the high risk industries most impacted by the current economic conditions is limited. Loans to customers in the accommodations and food services industry (i.e. hotels and restaurants) amount to 7% of the total loans outstanding as of June 30, 2020. Loans to customers involved in the oil and gas industry (refineries) are less than 1% of outstanding loans and credit card receivables are also less than 1% of total loans as of June 30, 2020.We believe the combination of ongoing communication with our customers, loan payment deferrals, increased focus on risk management practices, and access to government programs such as the PPP Loan Program should help mitigate potential future period losses.The following table summarizes the number of loan customers that have been granted payment deferrals along with the related loan outstanding balances through the period ended June 30, 2020:($ in millions) of Loan Accounts % of Total Accts Loan Balances % of Total Loan Balances* Deferral of Principal Only251 5% $270 14% Deferral of Principal and Interest192 4% 145 8% Total Deferrals443 9% $415 22% Total Deferrals (as of July 24, 2020)103 2% $124 7% *Note: PPP loans excluded from total loans when calculating % of total loan balancesAs of the date of this release more than 75% of the customers that were granted approval for deferral of loan payments have resumed normal principal and interest payments on their outstanding loan balances in the early stages of the third quarter of 2020. During the month of July 2020, the number of customers that have continued with the deferral of loan payments has declined to 103, or 2% of the total loan customers and the related outstanding loan balances have reduced to $124 million, or 7% of the total loan balances outstanding.Asset QualityThe Company’s asset quality ratios are highlighted below: Three Months Ended 06/30/2003/31/2006/30/19 Non-performing assets / capital and reserves5%6%6% Non-performing assets / total assets0.31%0.46%0.53% Quarterly net loan charge-offs / average loans0.03%0.00%(0.04%) Allowance for loan losses / gross loans0.43%0.54%0.53% Allowance for loan losses / non-performing loans87%72%86% The percentage of non-performing assets to total assets decreased to 0.31% at June 30, 2020, compared to 0.53% at June 30, 2019. The ratio of non-performing assets to capital and reserves decreased to 5% at June 30, 2020 compared to 6% at June 30, 2019 primarily as a result of decreases in non-performing assets over the last 12 months.Quarterly TrendProfitability in previous quarters was impacted by the inversion of the yield curve and the Company’s strategic decision to enter a new market during 2019. The Company continues to focus on improvement of its operating leverage. The following table highlights changes to some of the key financial metrics that demonstrate this progress: QTD QTD QTD QTD QTD 06/30/19 09/30/19 12/31/19 03/31/20 06/30/20 Pre-Tax Pre-Provision Earnings (PTPP)$0.5 $(1.9) $(2.4) $- $4.
- 07/27/2020
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Quaker Wealth Management LLC Lowers Stock Position in Republic First Bancorp, Inc. (NASDAQ:FRBK)
- Quaker Wealth Management LLC decreased its holdings in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 41.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,700 shares of the bank’s stock after selling 15,539 shares during the period. Quaker Wealth Management LLC’s holdings […]
- 07/27/2020
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Earnings Scheduled For July 27, 2020
- Companies Reporting Before The Bell • Hasbro Inc. (NASDAQ:HAS) is expected to report quarterly earnings at $0.23 per share on revenue of $995.55 million.• Lincoln Electric Holdings Inc. (NASDAQ:LECO) is expected to report quarterly earnings at $0.34 per share on revenue of $549.36 million.• RPM International Inc. (NYSE:RPM) is expected to report quarterly earnings at $1.01 per share on revenue of $1.40 billion.• SAP Inc. (NYSE:SAP) is estimated to report quarterly earnings at $1.13 per share on revenue of $6.73 billion.• Ameris Bancorp Inc. (NASDAQ:ABCB) is estimated to report quarterly earnings at $0.61 per share on revenue of $220.54 million.• Affiliated Managers Group Inc. (NYSE:AMG) is estimated to report quarterly earnings at $2.73 per share on revenue of $445.67 million.• Alliance Resource Inc. (NASDAQ:ARLP) is estimated to report quarterly loss at $0.43 per share on revenue of $219.05 million.• Bank of Hawaii Inc. (NYSE:BOH) is estimated to report quarterly earnings at $0.90 per share on revenue of $166.72 million.• Bank7 Inc. (NASDAQ:BSVN) is estimated to report quarterly earnings at $0.35 per share on revenue of $11.65 million.• Community Bank System Inc. (NYSE:CBU) is expected to report quarterly earnings at $0.60 per share on revenue of $148.04 million.• Cemex Inc. (NYSE:CX) is expected to report quarterly loss at $0.02 per share on revenue of $2.95 billion.• Diana Shipping Inc. (NYSE:DSX) is expected to report quarterly loss at $0.08 per share on revenue of $40.79 million.• EQT Inc. (NYSE:EQT) is expected to report quarterly loss at $0.16 per share on revenue of $784.18 million.• Republic First Bancorp Inc. (NASDAQ:FRBK) is estimated to report earnings for its second quarter.• HBT Financial Inc. (NASDAQ:HBT) is expected to report quarterly earnings at $0.26 per share on revenue of $36.86 million.• Lakeland Financial Inc. (NASDAQ:LKFN) is estimated to report quarterly earnings at $0.60 per share on revenue of $49.90 million.• Professional Holding Inc. (NASDAQ:PFHD) is estimated to report earnings for its second quarter.• Pacific Premier Bancorp Inc. (NASDAQ:PPBI) is estimated to report quarterly loss at $0.61 per share on revenue of $129.94 million.• Silvergate Capital Inc. (NYSE:SI) is expected to report quarterly earnings at $0.19 per share on revenue of $19.90 million.• Vermilion Energy Inc. (NYSE:VET) is estimated to report quarterly earnings at $0.11 per share on revenue of $225.21 million.• Ryanair Holdings Inc. (NASDAQ:RYAAY) is estimated to report earnings for its first quarter.• Avery Dennison Inc. (NYSE:AVY) is estimated to report quarterly earnings at $1.10 per share on revenue of $1.50 billion.• Controladora Vuela Inc. (NYSE:VLRS) is estimated to report quarterly loss at $0.83 per share on revenue of $47.66 million. Companies Reporting After The Bell • Amkor Technology Inc. (NASDAQ:AMKR) is expected to report quarterly loss at $0.03 per share on revenue of $1.05 billion.• Brown & Brown Inc. (NYSE:BRO) is expected to report quarterly earnings at $0.28 per share on revenue of $571.78 million.• Crane Inc. (NYSE:CR) is estimated to report quarterly earnings at $0.45 per share on revenue of $623.02 million.• F5 Networks Inc. (NASDAQ:FFIV) is expected to report quarterly earnings at $2.03 per share on revenue of $571.94 million.• NXP Semiconductors Inc. (NASDAQ:NXPI) is estimated to report quarterly earnings at $0.85 per share on revenue of $1.80 billion.• Independent Bank Gr Inc. (NASDAQ:IBTX) is expected to report quarterly earnings at $0.91 per share on revenue of $141.24 million.• Universal Health Services Inc. (NYSE:UHS) is expected to report earnings for its second quarter.• AGNC Investment Inc. (NASDAQ:AGNC) is estimated to report quarterly earnings at $0.46 per share on revenue of $298.94 million.• Alexandria Real Estate Inc. (NYSE:ARE) is estimated to report quarterly earnings at $0.57 per share on revenue of $340.20 million.• BCB Bancorp Inc. (NASDAQ:BCBP) is estimated to report earnings for its second quarter. • Cathay General Inc. (NASDAQ:CATY) is estimated to report quarterly earnings at $0.57 per share on revenue of $145.43 million.• Cincinnati Financial Inc. (NASDAQ:CINF) is expected to report quarterly earnings at $0.67 per share on revenue of $1.61 billion.• Costamare Inc. (NYSE:CMRE) is expected to report earnings for its second quarter.• Champions Oncology Inc. (NASDAQ:CSBR) is estimated to report earnings for it's fourth quarter.• Donegal Group Inc. (NASDAQ:DGICA) is estimated to report quarterly earnings at $0.32 per share on revenue of $192.37 million.• Donegal Group Inc. (NASDAQ:DGICB) is expected to report earnings for its second quarter.View more earnings on ABCB• Encompass Health Inc. (NYSE:EHC) is estimated to report quarterly earnings at $0.51 per share on revenue of $1.08 billion.• First Interstate BancSys Inc. (NASDAQ:FIBK) is expected to report quarterly earnings at $0.51 per share on revenue of $166.30 million.• Comfort Systems USA Inc. (NYSE:FIX) is estimated to report earnings for its second quarter.• First Bank Inc. (NASDAQ:FRBA) is estimated to report quarterly earnings at $0.15 per share on revenue of $15.83 million.• Forterra Inc. (NASDAQ:FRTA) is estimated to report quarterly earnings at $0.10 per share on revenue of $389.58 million.• Franklin Finl Network Inc. (NYSE:FSB) is expected to report earnings for its second quarter.• First National Inc. (NASDAQ:FXNC) is expected to report earnings for its second quarter.• Gladstone Commercial Inc. (NASDAQ:GOOD) is expected to report earnings for its second quarter.• Howard Bancorp Inc. (NASDAQ:HBMD) is expected to report quarterly earnings at $0.16 per share on revenue of $17.96 million.• HomeStreet Inc. (NASDAQ:HMST) is estimated to report quarterly earnings at $0.31 per share on revenue of $76.18 million.• Heidrick & Struggles Intl Inc. (NASDAQ:HSII) is estimated to report quarterly earnings at $0.25 per share on revenue of $127.32 million.• HealthStream Inc. (NASDAQ:HSTM) is estimated to report earnings for its second quarter.• Heartland Financial Inc. (NASDAQ:HTLF) is expected to report quarterly earnings at $0.45 per share on revenue of $141.32 million.• Hexcel Inc. (NYSE:HXL) is expected to report quarterly earnings at $0.20 per share on revenue of $371.11 million.• Industrias Bachoco SAB Inc. (NYSE:IBA) is expected to report quarterly earnings at $0.72 per share on revenue of $759.00 million.• Intevac Inc. (NASDAQ:IVAC) is expected to report quarterly loss at $0.12 per share on revenue of $17.40 million.• John Bean Technologies Inc. (NYSE:JBT) is expected to report earnings for its second quarter.• J&J Snack Foods Inc. (NASDAQ:JJSF) is expected to report quarterly loss at $0.12 per share on revenue of $184.00 million.• Luxfer Holdings Inc. (NYSE:LXFR) is estimated to report quarterly earnings at $0.14 per share on revenue of $85.15 million.• Medpace Hldgs Inc. (NASDAQ:MEDP) is expected to report quarterly earnings at $0.40 per share on revenue of $174.97 million.• Trxade Group Inc. (NASDAQ:MEDS) is expected to report quarterly earnings at $0.01 per share on revenue of $2.15 million.• Martin Midstream Partners Inc. (NASDAQ:MMLP) is expected to report quarterly loss at $0.06 per share on revenue of $97.86 million.• NBT Bancorp Inc. (NASDAQ:NBTB) is estimated to report quarterly earnings at $0.46 per share on revenue of $114.39 million.• National Oilwell Varco Inc. (NYSE:NOV) is expected to report quarterly loss at $0.13 per share on revenue of $1.55 billion.• ONE Gas Inc. (NYSE:OGS) is estimated to report quarterly earnings at $0.45 per share on revenue of $274.51 million.• OneMain Holdings Inc. (NYSE:OMF) is estimated to report quarterly earnings at $0.22 per share on revenue of $773.29 million.• PotlatchDeltic Inc. (NASDAQ:PCH) is expected to report earnings for its second quarter.• Principal Financial Group Inc. (NASDAQ:PFG) is expected to report quarterly earnings at $1.25 per share on revenue of $3.72 billion.• QCR Holdings Inc. (NASDAQ:QCRH) is estimated to report quarterly earnings at $0.67 per share on revenue of $41.37 million.• QTS Realty Trust Inc. (NYSE:QTS) is estimated to report quarterly loss at $0.02 per share on revenue of $129.99 million.• RBB Bancorp Inc. (NASDAQ:RBB) is estimated to report quarterly earnings at $0.29 per share on revenue of $26.96 million.• Renasant Inc. (NASDAQ:RNST) is estimated to report quarterly earnings at $0.31 per share on revenue of $153.74 million.• SB Financial Group Inc. (NASDAQ:SBFG) is estimated to report earnings for it's second quarter.• Simpson Manufacturing Co Inc. (NYSE:SSD) is expected to report quarterly earnings at $0.52 per share on revenue of $247.84 million.• TrueBlue Inc. (NYSE:TBI) is expected to report quarterly loss at $0.42 per share on revenue of $347.16 million.• TCF Finl Inc. (NASDAQ:TCF) is expected to report quarterly earnings at $0.53 per share on revenue of $526.69 million.• Tessco Technologies Inc. (NASDAQ:TESS) is estimated to report earnings for its first quarter.• Trinet Group Inc. (NYSE:TNET) is estimated to report quarterly earnings at $1.08 per share on revenue of $268.46 million.• USA Truck Inc. (NASDAQ:USAK) is expected to report quarterly loss at $0.09 per share on revenue of $119.23 million.• Vocera Communications Inc. (NYSE:VCRA) is expected to report quarterly loss at $0.05 per share on revenue of $40.42 million.See more from Benzinga * A Look Into Hasbro's Debt * Benzinga's Top Upgrades, Downgrades For July 24, 2020 * Morning Market Stats in 5 Minutes(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/27/2020
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Republic First Bancorp, Inc. to Report Second Quarter Financial Results on July 27, 2020
- PHILADELPHIA, July 24, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the second quarter of 2020 on Monday, July 27, 2020. The Company will hold a conference call to review these results on the same day at 11:00am (EST). Analyst and Investor Call Date: July 27, 2020 Time: 11:00am (EST) From the U.S. dial: (800) 774-6070 US Toll Free or (630) 691-2753 US Toll Participant Pin: 7859 277 An operator will assist you in joining the call. Replay Information: Will be available on the Company’s website on the Investor Relations page. About Republic BankRepublic Bank, a subsidiary of Republic First Bancorp, Inc., is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through its thirty stores located in the Greater Philadelphia, Southern New Jersey and New York market place. Republic Bank stores are open 7 days a week, 361 days a year, with extended lobby and drive-thru hours providing customers with some of the most convenient hours compared to any bank in its market. The Bank offers free checking, free coin counting, ATM/Debit cards issued on the spot and access to more than 55,000 surcharge free ATMs worldwide via the Allpoint Network. The Bank also offers a wide range of residential mortgage products through its mortgage division which does business under the name of Oak Mortgage Company. For more information about Republic Bank, visit www.myrepublicbank.com.Forward Looking StatementsThe Company may from time to time make written or oral “forward-looking statements”, including statements contained in this release and in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein, are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. For example, risks and uncertainties can arise with changes in: general economic conditions, including turmoil in the financial markets and related efforts of government agencies to stabilize the financial system; the adequacy of our allowance for loan losses and our methodology for determining such allowance; adverse changes in our loan portfolio and credit risk-related losses and expenses; concentrations within our loan portfolio, including our exposure to commercial real estate loans, and to our primary service area; changes in interest rates; business conditions in the financial services industry, including competitive pressure among financial services companies, new service and product offerings by competitors, price pressures and similar items; deposit flows; loan demand; the regulatory environment, including evolving banking industry standards, changes in legislation or regulation; impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act; our securities portfolio and the valuation of our securities; accounting principles, policies and guidelines as well as estimates and assumptions used in the preparation of our financial statements; rapidly changing technology; litigation liabilities, including costs, expenses, settlements and judgments; and other economic, competitive, governmental, regulatory and technological factors affecting our operations, pricing, products and services. You should carefully review the risk factors described in the Form 10-K for the year ended December 31, 2019 and other documents the Company files from time to time with the Securities and Exchange Commission. The words “would be,” “could be,” “should be,” “probability,” “risk,” “target,” “objective,” “may,” “will,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “plan,” “seek,” “expect” and similar expressions or variations on such expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.Source: Republic First Bancorp, Inc.Contact: Frank A. Cavallaro, CFO (215) 735-4422
- 07/24/2020
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What We Learned About Republic First Bancorp's (NASDAQ:FRBK) CEO Compensation
- This article will reflect on the compensation paid to Harry Madonna who has served as CEO of Republic First Bancorp...
- 07/21/2020
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Deutsche Bank AG Increases Holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK)
- Deutsche Bank AG grew its holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 96.8% in the first quarter, Holdings Channel reports. The firm owned 48,856 shares of the bank’s stock after buying an additional 24,029 shares during the quarter. Deutsche Bank AG’s holdings in Republic First Bancorp were worth $107,000 as of its most recent […]
- 07/12/2020
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Brokerages Anticipate Republic First Bancorp, Inc. (NASDAQ:FRBK) to Announce ($0.04) EPS
- Republic First Bancorp, Inc. (NASDAQ:FRBK) has received an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. Brokerages have set a 1 year consensus target price of $2.75 for the company and are anticipating […]
- 06/15/2020
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Hedge Funds Are Nibbling On Republic First Bancorp, Inc. (FRBK)
- In this article we will check out the progression of hedge fund sentiment towards Republic First Bancorp, Inc. (NASDAQ:FRBK) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]
- 06/15/2020
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WINTON GROUP Ltd Has $68,000 Position in Republic First Bancorp, Inc. (NASDAQ:FRBK)
- WINTON GROUP Ltd reduced its stake in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 46.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,922 shares of the bank’s stock after selling 26,778 shares during the quarter. WINTON GROUP Ltd owned approximately […]
- 06/10/2020
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M'F, Inc. Buys Citizens Financial Group Inc, Republic First Bancorp Inc, Zions Bancorp NA, ...
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Context BH Capital Management, LP Buys Synovus Financial Corp, PacWest Bancorp, Wintrust ...
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Is Republic First (FRBK) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/05/2020
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Upgrade: Analysts Just Made A Sizeable Increase To Their Republic First Bancorp, Inc. (NASDAQ:FRBK) Forecasts
- Celebrations may be in order for Republic First Bancorp, Inc. (NASDAQ:FRBK) shareholders, with the analysts delivering...
- 05/05/2020
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Analysts Are Upgrading Republic First Bancorp, Inc. (NASDAQ:FRBK) After Its Latest Results
- As you might know, Republic First Bancorp, Inc. (NASDAQ:FRBK) just kicked off its latest first-quarter results with...
- 05/01/2020
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Earnings Update: Republic First Bancorp, Inc. (NASDAQ:FRBK) Just Reported And Analysts Are Boosting Their Estimates
- Republic First Bancorp, Inc. (NASDAQ:FRBK) investors will be delighted, with the company turning in some strong...
- 05/01/2020
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Republic First Bancorp Inc (FRBK) Q1 2020 Earnings Call Transcript
- Welcome to the Republic Bank Q1 call, which is different than all calls we've had in the past. With me is the Chairman and Chief Executive of Republic Bank, Harry Madonna, our Chief Financial Officer, Frank Cavallaro, and Andy Logue, the COO. If you look at this quarterly release in the first quarter for Republic, the first quarter sort of spills over into last month and I see it as a tale of two worlds.
- 04/30/2020
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Republic First Bancorp: Q1 Earnings Insights
- Shares of Republic First Bancorp (NASDAQ:FRBK) rose 0.5% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 200.00% over the past year to ($0.01), which beat the estimate of ($0.05).Revenue of $27,299,000 up by 12.96% year over year, which beat the estimate of $26,330,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Apr 29, 2020View more earnings on FRBKTime: 01:02 AM ETWebcast URL: http://investors.myrepublicbank.com/eventRecent Stock Performance 52-week high: $5.3752-week low: $1.80Price action over last quarter: down 41.74%Company Description Republic First Bancorp Inc is an American state-chartered bank. It is principally a holding company for Republic First Bank. The bank offers a range of credit and depository banking products and services, such as consumer and commercial deposit accounts, interest-bearing demand accounts, savings accounts, secured and unsecured commercial loans, real estate loans, automobile loans, mortgages, and other products. It operates in the reportable segment of Community banking.See more from Benzinga * Stocks That Hit 52-Week Lows On Tuesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 04/29/2020
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Republic First Bancorp reports Q1 EPS (1c), two est. (5c) FRBK
- Republic First Bancorp reports Q1 EPS (1c), two est. (5c) FRBK
- 04/29/2020
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Republic First: 1Q Earnings Snapshot
- PHILADELPHIA (AP) _ Republic First Bancorp Inc. (FRBK) on Wednesday reported a loss of $593,000 in its first quarter. The bank, based in Philadelphia, said it had a loss of 1 cent per share. The bank holding company posted revenue of $33.8 million in the period. Its revenue net of interest expense was $27.3 million, topping Street forecasts. The company's shares closed at $2.19. A year ago, they were trading at $5.04. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRBK at https://www.zacks.com/ap/FRBK
- 04/29/2020
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Republic First: 1Q Earnings Snapshot
- PHILADELPHIA (AP) _ Republic First Bancorp Inc. (FRBK) on Wednesday reported a loss of $593,000 in its first quarter.
The bank, based in Philadelphia, said it had a loss of 1 cent per share.
The bank holding company posted revenue of $33.8 million in
- 04/29/2020
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Republic First Bancorp Q1 EPS $(0.010) Beats $(0.050) Estimate
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Republic First Bancorp, Inc. Reports First Quarter Financial Results Loans Grow 27% and Deposits Increase by 19%
- PHILADELPHIA, April 29, 2020 -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the period ended.
- 04/29/2020
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Republic First Bancorp, Inc. Reports First Quarter Financial Results Loans Grow 27% and Deposits Increase by 19%
- PHILADELPHIA, April 29, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its...
- 04/29/2020
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'Significant disadvantage': Smaller banks wonder if PPP Round 2 favors bigger competitors
- Community and regional bank executives wondered aloud Monday whether the second round of the SBA's PPP program favored big banks. The U.S. Congress approved $320 billion in fresh loans.
- 04/27/2020
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Republic First Bancorp, Inc. to Report First Quarter Financial Results on April 29, 2020
- Republic First Bancorp, Inc. (FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the first quarter of 2020 on Wednesday, April 29, 2020. The Company will hold a conference call to review these results on the same day at 11:00am (EDT). Will be available on the Company’s website on the Investor Relations page.
- 04/27/2020
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Republic First Bancorp, Inc. to Report First Quarter Financial Results on April 29, 2020
- PHILADELPHIA, April 27, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it...
- 04/27/2020
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Republic First Bancorp, Inc. to Report First Quarter Financial Results on April —9, —…—…
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Bank of New York Mellon Corp Has $1.04 Million Holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK)
- Bank of New York Mellon Corp decreased its stake in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 6.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 249,329 shares of the bank’s stock after selling 16,317 shares during the period. Bank of New York Mellon Corp’s holdings in Republic First Bancorp were […]
- 04/26/2020
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Analysts' Top Financial Picks: Nasdaq (NDAQ), TD Ameritrade (AMTD)
- There's a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Nasdaq (NDAQ), TD Ameritrade (AMTD) and Meta Financial Group
- 04/23/2020
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Republic First Bancorp, Inc. (NASDAQ:FRBK) Position Trimmed by Alliancebernstein L.P.
- Alliancebernstein L.P. lessened its holdings in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 15.4% during the 4th quarter, HoldingsChannel reports. The fund owned 44,900 shares of the bank’s stock after selling 8,200 shares during the period. Alliancebernstein L.P.’s holdings in Republic First Bancorp were worth $188,000 as of its most recent SEC filing. A […]
- 04/23/2020
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Stocks That Hit 52-Week Lows On Tuesday
- Before 10 a.m. ET Tuesday, 33 stocks hit new 52-week lows.
Intriguing Points:
Fomento Economico (NYSE: FMX) is the largest company in terms of market cap to set a new...
- 04/21/2020
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Republic First Bancorp, Inc. to Hold Previously Announced Annual Meeting of Shareholders on April 29, 2020 by Virtual Means Due to Coronavirus Concerns
- Republic First Bancorp, Inc. (the “Company”), the holding company for Republic Bank, today announced that, due to the continuing public health concerns relating to the coronavirus (COVID-19) pandemic, and to protect the health and well-being of its shareholders, employees, and other members of the community, the Company's 2020 annual shareholder meeting will now be held virtually. A proxy statement supplement will be filed today with the Securities Exchange Commission with additional information concerning the virtual meeting, which we urge shareholders to read in its entirety.
- 04/20/2020
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Republic First Bancorp, Inc. to Hold Previously Announced Annual Meeting of Shareholders on April 29, 2020 by Virtual Means Due to Coronavirus Concerns
- PHILADELPHIA, April 20, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) Republic First Bancorp, Inc. (the “Company”), the holding...
- 04/20/2020
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Introducing Republic First Bancorp (NASDAQ:FRBK), The Stock That Tanked 77%
- As every investor would know, not every swing hits the sweet spot. But you have a problem if you face massive losses...
- 04/20/2020
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35,291 Shares in Republic First Bancorp, Inc. (NASDAQ:FRBK) Acquired by Bailard Inc.
- Bailard Inc. purchased a new position in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,291 shares of the bank’s stock, valued at approximately $77,000. Bailard Inc. owned about 0.06% of Republic […]
- 04/20/2020
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How Republic First Bancorp, Inc. (NASDAQ:FRBK) Can Impact Your Portfolio Volatility
- If you're interested in Republic First Bancorp, Inc. (NASDAQ:FRBK), then you might want to consider its beta (a...
- 04/17/2020
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SBA PPP runs out of money: How local banks are proceeding amid worry from business owners
- A large percentage of applicants have not had their loans approved, while Congress has yet to agree on legislation to provide more funding.
- 04/16/2020
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Zacks: Republic First Bancorp, Inc. (NASDAQ:FRBK) Receives Average Rating of "Hold" from Brokerages
- Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. Analysts have set a 12-month consensus price objective of $3.00 for the company and are […]
- 04/16/2020
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Credit Suisse AG Sells 5,931 Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK)
- Credit Suisse AG decreased its holdings in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,676 shares of the bank’s stock after selling 5,931 shares during the period. Credit Suisse AG owned 0.06% […]
- 04/12/2020
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SBA Paycheck Protection Program: 4 takeaways from local banks after the chaotic launch
- Banks worked feverishly Friday to interpret PPP guidelines, post online applications and begin processing loans.
- 04/03/2020
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Citigroup Inc. Has $59,000 Holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK)
- Citigroup Inc. lifted its holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 63.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,165 shares of the bank’s stock after acquiring an additional 5,490 shares during the period. Citigroup Inc.’s holdings in Republic First Bancorp were worth $59,000 […]
- 04/02/2020
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Republic First Bancorp, Inc. (NASDAQ:FRBK) Short Interest Update
- Republic First Bancorp, Inc. (NASDAQ:FRBK) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totalling 1,741,600 shares, a growth of 10.2% from the February 27th total of 1,580,000 shares. Based on an average daily volume of 292,800 shares, the short-interest ratio is currently 5.9 […]
- 04/02/2020
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Exclusive: Insiders at these Philadelphia-area companies are buying up the most stock amid coronavirus downturn
- Insiders at Philadelphia area companies bought up a total of more than $12 million in their own firms' stock in the past 30 days. Above, the bull near Wall Street in New York.
- 04/01/2020
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Republic First Bancorp, Inc. (NASDAQ:FRBK) Given $3.00 Consensus Price Target by Analysts
- Republic First Bancorp, Inc. (NASDAQ:FRBK) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. Analysts have set a twelve-month consensus price target of $3.00 for the company, according to Zacks. Zacks […]
- 04/01/2020
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What Kind Of Shareholder Owns Most Republic First Bancorp, Inc. (NASDAQ:FRBK) Stock?
- A look at the shareholders of Republic First Bancorp, Inc. (NASDAQ:FRBK) can tell us which group is most powerful...
- 03/27/2020
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Q2 2021 EPS Estimates for Republic First Bancorp, Inc. (NASDAQ:FRBK) Reduced by Piper Sandler
- Republic First Bancorp, Inc. (NASDAQ:FRBK) – Analysts at Piper Sandler dropped their Q2 2021 earnings per share (EPS) estimates for Republic First Bancorp in a report issued on Monday, March 23rd. Piper Sandler analyst F. Schiraldi now anticipates that the bank will post earnings of $0.00 per share for the quarter, down from their previous […]
- 03/27/2020
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Stocks That Hit 52-Week Lows On Monday
- On Monday morning, 720 companies hit new 52-week lows.
Noteworthy Mentions:
The largest company by market cap to set a new 52-week low was Alphabet (NASDAQ: GOOGL)...
- 03/23/2020
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Stocks That Hit 52-Week Lows On Thursday
- On Thursday morning, 1178 companies hit new 52-week lows.
Facts of Interest:
The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...
- 03/19/2020
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Financial Survey: Republic First Bancorp (NASDAQ:FRBK) versus First Bancorp (NASDAQ:FBP)
- Republic First Bancorp (NASDAQ:FRBK) and First Bancorp (NYSE:FBP) are both small-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their earnings, risk, valuation, profitability, institutional ownership, dividends and analyst recommendations. Valuation and Earnings This table compares Republic First Bancorp and First Bancorp’s gross revenue, […]
- 03/18/2020
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Barclays PLC Grows Stake in Republic First Bancorp, Inc. (NASDAQ:FRBK)
- Barclays PLC raised its stake in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 332.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,368 shares of the bank’s stock after acquiring an additional 74,861 shares during the period. Barclays PLC owned […]
- 03/16/2020
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Stocks That Hit 52-Week Lows On Friday
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Stocks That Hit 52-Week Lows On Thursday
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Stocks That Hit 52-Week Lows On Wednesday
- During Wednesday's morning session, 690 stocks hit new 52-week lows.
Intriguing Points:
Boeing (NYSE: BA) was the biggest company on a market cap basis to set a new...
- 03/11/2020
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Phil DiBerardino, Jersey Shore Banking Veteran, to Join Republic Bank
- Republic First Bancorp, Inc. (FRBK), the parent company of Republic Bank, announced the addition of Phil DiBerardino as Senior Advisor to the Chairman. In this position, Mr. DiBerardino will play a key role in supporting Republic Bank’s growth in the Jersey Shore region. Currently, the bank has stores located in Somers Point and Northfield, NJ.
- 03/10/2020
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Phil DiBerardino, Jersey Shore Banking Veteran, to Join Republic Bank
- PHILADELPHIA, March 10, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, announced the addition...
- 03/10/2020
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Insider Buying: The Republic First Bancorp, Inc. (NASDAQ:FRBK) Chairman of the Board Just Bought US$300k Worth Of Shares
- Investors who take an interest in Republic First Bancorp, Inc. (NASDAQ:FRBK) should definitely note that the Chairman...
- 03/06/2020
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Vernon W. Hill II Acquires 84,000 Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) Stock
- Republic First Bancorp, Inc. (NASDAQ:FRBK) Director Vernon W. Hill II acquired 84,000 shares of Republic First Bancorp stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $3.00 per share, with a total value of $252,000.00. Following the completion of the transaction, the director now owns 2,123,150 shares […]
- 03/06/2020
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The CFO of Republic First Bancorp (FRBK) is Buying Shares
- Today, the CFO of Republic First Bancorp (FRBK), Frank Cavallaro, bought shares of FRBK for $13.72K. This recent transaction increases Frank Cavallaro's
- 03/04/2020
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Stocks That Hit 52-Week Lows On Wednesday
- Wednesday's morning session saw 132 companies set new 52-week lows.
Intriguing Points:
HDFC Bank (NYSE: HDB) was the biggest company by market cap to set a new 52-...
- 03/04/2020
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California Public Employees Retirement System Has $338,000 Stock Holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK)
- California Public Employees Retirement System raised its holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 15.1% during the fourth quarter, HoldingsChannel reports. The firm owned 80,746 shares of the bank’s stock after acquiring an additional 10,600 shares during the quarter. California Public Employees Retirement System’s holdings in Republic First Bancorp were worth $338,000 at the […]
- 03/04/2020
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Zacks: Republic First Bancorp, Inc. (NASDAQ:FRBK) Given Average Recommendation of "Hold" by Analysts
- Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Brokerages have set a one year consensus price objective of $4.00 for the company […]
- 03/02/2020
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Stocks That Hit 52-Week Lows On Friday
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Imagine Owning Republic First Bancorp (NASDAQ:FRBK) While The Price Tanked 58%
- If you love investing in stocks you're bound to buy some losers. But the long term shareholders of Republic First...
- 02/21/2020
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Analysts Anticipate Republic First Bancorp, Inc. (NASDAQ:FRBK) to Announce ($0.02) Earnings Per Share
- Republic First Bancorp, Inc. (NASDAQ:FRBK) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Brokers have set a one year consensus price objective of $4.00 for the company […]
- 02/19/2020
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Republic First Bancorp, Inc. (NASDAQ:FRBK) Forecasted to Post Q1 2020 Earnings of ($0.02) Per Share
- Republic First Bancorp, Inc. (NASDAQ:FRBK) – Piper Sandler issued their Q1 2020 earnings per share (EPS) estimates for Republic First Bancorp in a report released on Tuesday, January 28th. Piper Sandler analyst F. Schiraldi forecasts that the bank will earn ($0.02) per share for the quarter. Piper Sandler also issued estimates for Republic First Bancorp’s […]
- 02/02/2020
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Republic First Bancorp, Inc. (NASDAQ:FRBK) Forecasted to Earn FY2021 Earnings of $0.08 Per Share
- Republic First Bancorp, Inc. (NASDAQ:FRBK) – Equities research analysts at Piper Sandler issued their FY2021 earnings per share (EPS) estimates for Republic First Bancorp in a report issued on Tuesday, January 28th. Piper Sandler analyst F. Schiraldi forecasts that the bank will post earnings of $0.08 per share for the year. Separately, TheStreet downgraded Republic […]
- 02/01/2020
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Stocks That Hit 52-Week Lows On Friday
- Friday's morning session saw 167 companies set new 52-week lows.
Facts of Interest:
The largest company in terms of market cap to set a new 52-week low was Xperi (...
- 01/31/2020
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Republic First Bancorp, Inc. Just Reported, And Analysts Assigned A US$4.00 Price Target
- Republic First Bancorp, Inc. (NASDAQ:FRBK) shares fell 9.4% to US$3.46 in the week since its latest annual results...
- 01/31/2020
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Republic First Bancorp, Inc. Just Reported, And Analysts Assigned A US$4.00 Price Target
- Last week, you might have seen that Republic First Bancorp, Inc. (NASDAQ:FRBK) released its annual result to the...
- 01/31/2020
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Edited Transcript of FRBK earnings conference call or presentation 28-Jan-20 3:00pm GMT
- Q4 2019 Republic First Bancorp Inc Earnings Call
- 01/31/2020
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Stocks That Hit 52-Week Lows On Thursday
- Thursday's morning session saw 179 companies set new 52-week lows.
Areas of Interest:
Exxon Mobil (NYSE: XOM) was the largest firm on a market cap basis to set a...
- 01/30/2020
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How Should Investors Feel About Republic First Bancorp, Inc.’s (NASDAQ:FRBK) CEO Pay?
- Harry Madonna has been the CEO of Republic First Bancorp, Inc. (NASDAQ:FRBK) since 2001. This report will, first...
- 01/30/2020
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Edited Transcript of FRBK earnings conference call or presentation 28-Jan-20 3:00pm GMT
- Q4 2019 Republic First Bancorp Inc Earnings Call
- 01/29/2020
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Republic First Bancorp Inc (FRBK) Q4 2019 Earnings Call Transcript
- FRBK earnings call for the period ending December 31, 2019.
- 01/28/2020
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Republic First bank to cut costs after 2019 loss, chairman says
- Republic First Bancorp swung to a $3.5 million annual loss in 2019 and the bank has responded by implementing cost control measures.
- 01/28/2020
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Republic First Bancorp, Incorporated' (FRBK) CEO Andrew Logue on Q4 2019 Results - Earnings Call Transcript
- Republic First Bancorp, Inc. (NASDAQ:FRBK) Q4 2019 Earnings Conference Call January, 28, 2020, 10:00 AM ET Executives Andrew Logue - President and Chief Operati
- 01/28/2020
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Republic First Bancorp reports Q4 EPS (4c), one est. (2c) FRBK
- Republic First Bancorp reports Q4 EPS (4c), one est. (2c) FRBK
- 01/28/2020
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Republic First: 4Q Earnings Snapshot
- PHILADELPHIA (AP) _ Republic First Bancorp Inc. (FRBK) on Tuesday reported a fourth-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier. The bank, based in Philadelphia, said it had a loss of 4 cents per share. The bank holding company posted revenue of $32.1 million in the period. Its revenue net of interest expense was $25.1 million, which topped Street forecasts. For the year, the company reported a loss of $3.5 million, or 6 cents per share, swinging to a loss in the period. Revenue was reported as $101.5 million. The company's shares closed at $3.70. A year ago, they were trading at $6.50. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRBK at https://www.zacks.com/ap/FRBK
- 01/28/2020
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Republic First: 4Q Earnings Snapshot
- PHILADELPHIA (AP) _ Republic First Bancorp Inc. (FRBK) on Tuesday reported a fourth-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.
The bank, based in Philadelphia, said it had a loss of 4 cents per share.
Th
- 01/28/2020
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Republic First Bancorp, Inc. Reports Fourth Quarter Financial Results
- Deposits Increase by 25% and Loans Grow 22% PHILADELPHIA, Jan. 28, 2020 -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced.
- 01/28/2020
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Republic First Bancorp, Inc. Reports Fourth Quarter Financial Results
- Deposits Increase by 25% and Loans Grow 22% PHILADELPHIA, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding...
- 01/28/2020
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Stocks That Hit 52-Week Lows On Tuesday
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Republic First Bancorp (FRBK) Set to Announce Earnings on Tuesday
- Republic First Bancorp (NASDAQ:FRBK) is set to post its quarterly earnings results before the market opens on Tuesday, January 28th. Individual that wish to register for the company’s earnings conference call can do so using this link. Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings data on Monday, October 28th. The bank reported ($0.03) […]
- 01/27/2020
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Stocks That Hit 52-Week Lows On Monday
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Republic First Bancorp, Inc. (NASDAQ:FRBK): What Does Its Beta Value Mean For Your Portfolio?
- If you own shares in Republic First Bancorp, Inc. (NASDAQ:FRBK) then it's worth thinking about how it contributes to...
- 01/24/2020
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Republic First Bancorp, Inc. to Report Fourth Quarter Financial Results on January 28, 2020
- Republic First Bancorp, Inc. (FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the fourth quarter of 2019 on Tuesday, January 28, 2020. The Company will hold a conference call to review these results on the same day at 10:00am (EDT). Will be available on the Company’s website on the Investor Relations page.
- 01/23/2020
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Republic First Bancorp, Inc. to Report Fourth Quarter Financial Results on January 28, 2020
- PHILADELPHIA, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it...
- 01/23/2020
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Republic First Bancorp, Inc. to Report Fourth Quarter Financial Results on January —8, ...
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Stocks That Hit 52-Week Lows On Tuesday
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Republic Bank Celebrates its 30th Location with Latest Store Opening in Northfield, NJ
- Republic First Bancorp, Inc. (FRBK), the parent company of Republic Bank, opened a store at 331 Tilton Road in Northfield, NJ on Saturday, January 18 with a festive celebration. Featuring Republic Bank’s signature all-glass cube design, the new store marks the bank’s 30th location as it rapidly grows to meet customer demand. “After the successful opening of our Somers Point location last year, we knew our expansion in the Jersey Shore region would continue into 2020,” said Vernon W. Hill, II, Chairman, Republic Bank.
- 01/20/2020
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Republic Bank Celebrates its 30th Location with Latest Store Opening in Northfield, NJ
- PHILADELPHIA, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, opened a store at 331...
- 01/20/2020
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Republic Bank Celebrates its '…th Location with Latest Store Opening in Northfield, NJ
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Hedge Funds Souring On Republic First Bancorp, Inc. (NASDAQ:FRBK)
- Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
- 12/22/2019
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Is Republic First Bancorp, Inc. (NASDAQ:FRBK) Overpaying Its CEO?
- Harry Madonna has been the CEO of Republic First Bancorp, Inc. (NASDAQ:FRBK) since 2001. First, this article will...
- 12/10/2019
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Republic Bank Returns to Haddonfield for Small Business Saturday Celebration
- Republic First Bancorp, Inc. (FRBK), the parent company of Republic Bank, celebrated Small Business Saturday by honoring two valued small business customers. On November 30th, Republic Bank selected Haddonfield Running Company and Sweet T’s Bakeshop, two local mainstays in Haddonfield, NJ, to support on their busiest shopping day of the year. On a day that last year saw 104 million shoppers spend a record high of $17.8 billion at small businesses across the country, Republic Bank again demonstrated its commitment to small businesses by surprising and delighting shoppers at both stores with its festive street team, friendly mascot R Dog and free gift cards.
- 12/03/2019
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Republic Bank Returns to Haddonfield for Small Business Saturday Celebration
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Republic Bank opens second New York City location
- The company's chairman, Vernon Hill, refers to the expansion as "The Power of Red" — an homage to Commerce Bank, which he founded in 1973.
- 11/07/2019
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Is Republic First Bancorp, Inc. (FRBK) A Good Stock To Buy
- Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
- 11/05/2019
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Edited Transcript of FRBK earnings conference call or presentation 28-Oct-19 3:00pm GMT
- Q3 2019 Republic First Bancorp Inc Earnings Call
- 10/30/2019
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Republic First trims growth plan after 3Q loss
- “I really cannot predict what’s going to happen in 2021,” CEO Harry Madonna said. “We have no idea where [the economy] is headed.”
- 10/28/2019
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Republic First Bancorp, Inc. to Host Earnings Call
- NEW YORK, NY / ACCESSWIRE / October 28, 2019 / Republic First Bancorp, Inc. (NASDAQ: FRBK ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 28, 2019 ...
- 10/28/2019
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Republic First Bancorp, Inc. Reports Third Quarter Financial Results Deposits Increase by 14% and Loans Grow 14%
- PHILADELPHIA, Oct. 28, 2019 -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the period ended.
- 10/28/2019
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Republic First Bancorp Q3 EPS $(0.03) Misses $0.01 Estimate, Sales $32.8M Beat $27.49M Estimate
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Here's What Republic First Bancorp, Inc.'s (NASDAQ:FRBK) P/E Is Telling Us
- The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
- 10/26/2019
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Republic First Bancorp, Inc. to Report Third Quarter Financial Results on October 28, 2019
- PHILADELPHIA, Pa., Oct. 21, 2019 -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for.
- 10/21/2019
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Republic First Bancorp, Inc. to Report Third Quarter Financial Results on October —8, —…–9
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Some Republic First Bancorp (NASDAQ:FRBK) Shareholders Are Down 40%
- It's easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make...
- 09/30/2019
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Independence Advisors, LLC Buys iShares MSCI EAFE ETF, Movado Group Inc, Cisco Systems Inc, ...
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Stocks That Fell Through 52-Week Lows Wednesday
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New 52-Week Lows For Monday Morning
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Stocks That Set New 52-Week Lows Friday Morning
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Stocks that Reached Yearly Lows Thursday Morning
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New 52-Week Lows for Tuesday Morning
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Republic First Bancorp Q2 EPS $0.01, Inline, Sales $26.4M Beat $26.02M Estimate
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Republic First Bancorp's Earnings Outlook
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Republic First Bancorp Q1 EPS $0.01 Misses $0.04 Estimate, Sales $24.166M Miss $26.13M Estimate
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Republic First Bancorp Inc (FRBK) Files –…-K for the Fiscal Year Ended on December '–, ...
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Republic First Bancorp Q4 EPS $0.04 Misses $0.06 Estimate
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Stocks Which Set New 52-Week Low Yesterday, Tues., Dec. 20, 2018
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Stocks Which Set New 52-Week Low Yesterday, Tues., Dec. 18, 2018
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Republic First Bancorp, Inc. (FRBK) CEO Harry Madonna on Q3 2018 Results - Earnings Call Transcript
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Republic First Bancorp Q3 EPS $0.04 Misses $0.07 Estimate, Sales $24.277M Miss $26.7M Estimate
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Stocks Which Set New 52-Week Low Yesterday, October 3rd
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Stocks Which Set New 52-Week Low Yesterday, October 2nd
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Stocks Which Set New 52-Week Low Yesterday, October 1st
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Stocks Which Set New 52-Week Low Yesterday, September 24th
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Stocks Which Set New 52-Week Low Yesterday, September 19th
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Stocks Which Set New 52-Week Low Yesterday, September 17th
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Stocks Which Set New 52-Week Low Yesterday, September 13th
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Stocks Which Set New 52-Week Low Yesterday, September 11th
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Stocks Which Set New 52-Week Low Friday, September 7th
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Stocks Which Set New 52-Week Low Yesterday, August 15th
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Republic First Bancorp, Inc. - Common Stock Q2 EPS $0.04 Misses $0.05 Estimate
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Stocks Which Set New 52-Week Low Yesterday
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Jim Cramer Weighs In On T-Mobile, Skechers And More
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Republic First Bancorp Q1 EPS $0.03 Beats $0.02 Est.
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GDS Investments' 2017 Year-End Letter
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Republic First Bancorp Reports Q4 EPS $0.05 vs $0.04 Est.
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Republic Bank Releases Small Business Pulse Survey Results, Plans to Surprise & Delight ...
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Republic First Bancorp Reports Q2 EPS $0.04 In-line With Est., Sales $22.3M vs $20.9M Est.
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Republic First Bancorp Reports Q1 EPS $0.03 vs $0.03 Est.
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Republic First Bancorp beats by $0.01
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Republic First Bancorp Reports Q4 EPS $0.03, Inline
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Mid-Afternoon Market Update: Dow Up 75 Points; Lululemon Shares Surge On Earnings Beat
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How To Prepare For Higher Interest Rates: GDS Investments Podcast Transcript 11/10/2016
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Mid-Afternoon Market Update: U.S. Stocks Edge Higher; Intralinks Shares Climb On Acquisition News
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Republic First Bancorp Reports Q3 EPS $0.03 vs $0.02 Est.
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S-3 from Republic First Bancorp Shows Registration for $100M Mixed Securities Shelf Offering
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Republic bank continues to expands its regional footprint
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Republic First Bancorp Reports Q2 EPS $0.03, Inline, Sales $14.6M vs $14.2M Est.
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Republic First Bancorp Announces Republic Bank Will Buy Oak Mortgage Co., No Terms Disclosed
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Republic First Bancorp Reports Q1 EPS $0.03 vs. Est. $0.02
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