Republic First Bancorp

In 1988, Republic Bank was founded, and for the first 20 years, our primary offering was commercial banking services. In 2008, we changed our model and redirected our strategic efforts toward retail banking. Today, Republic Bank is moving towards creating a major commercial and retail bank with a distinct brand. Our focus now is on innovation, customer satisfaction, brand building, and shareholder value creation.

At Republic Bank, we offer our Customers “big bank” benefits with a small town feel. We are one of the largest Philadelphia-based banks, yet we make decisions locally, and we make them quickly. We pride ourselves on our retail-based model focused on convenience and Fanatic Customer Service. We make banking easy for our Customers and we get to know our Customers so we can better serve their needs.

Type
Public
HQ
Philadelphia, US
Founded
1987
Size (employees)
306 (est)+11%
Republic First Bancorp was founded in 1987 and is headquartered in Philadelphia, US

Republic First Bancorp Office Locations

Republic First Bancorp has an office in Philadelphia
Philadelphia, US (HQ)
2400 50 S 16th St

Republic First Bancorp Metrics

Republic First Bancorp Financial Metrics

Revenue (2016)

$69.5 m

Revenue growth (2015-16), %

53%

Gross profit

$62.7 m

Gross profit margin (2016), %

90%

Net income (2016)

$4.9 m

Market capitalization (21-Mar-2017)

$460.4 m

Closing share price (21-Mar-2017)

$8.3

Cash (31-Dec-2016)

$34.6 m
Republic First Bancorp's current market capitalization is $460.4 m.
Republic First Bancorp's revenue was reported to be $69.5 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$37.2 m$40.5 m$45.4 m$69.5 m

Revenue growth, %

9%12%53%

Cost of goods sold

$4.6 m$4.6 m$5.4 m$6.9 m

Gross profit

$32.6 m$35.8 m$40.1 m$62.7 m

Gross profit Margin, %

88%89%88%90%

Operating expense total

$40.4 m$40.6 m$47.1 m$56.3 m

EBIT

$27.7 m$34.9 m$39.6 m$45.8 m

EBIT margin, %

74%86%87%66%

Income tax expense

($35 k)($46 k)($26 k)($119 k)

Net Income

($3.5 m)$2.4 m$2.4 m$4.9 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$35.9 m$128.8 m$27.1 m$34.6 m

Accounts Receivable

$3 m$3.2 m$4.2 m$5.5 m

Inventories

PP&E

$22.7 m$35 m$46.2 m$57 m

Goodwill

$5 m

Total Assets

$961.7 m$1.2 b$1.4 b$1.9 b

Accounts Payable

$237 k$265 k$245 k$444 k

Additional Paid-in Capital

$107.1 m$152.2 m$152.9 m$253.6 m

Retained Earnings

($37.7 m)($35.3 m)($32.8 m)($27.9 m)

Total Equity

$62.9 m$113.4 m$215.1 m

Financial Leverage

15.3 x12.7 x8.9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($3.5 m)$2.4 m$2.4 m$4.9 m

Depreciation and Amortization

$2.1 m$2.4 m$3.1 m$3.5 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$560 k$9.7 m$4.6 m$5.3 m

Cash From Investing Activities

($73 m)($164.3 m)($330.5 m)($459.5 m)

Interest Paid

$4.7 m$4.6 m$5.4 m$6.7 m

Income Taxes Paid

$235 k$70 k$190 k

Republic First Bancorp Market Value History

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