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 Data and Metrics

Republic First Bancorp Financial Metrics

Republic First Bancorp's revenue was reported to be $69.5 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

69.5 m

Revenue growth (Y, 2015 - Y, 2016), %

53%

Gross profit (Y, 2016)

62.7 m

Gross profit margin (Y, 2016), %

90%

Net income (Y, 2016)

4.9 m

EBIT (Y, 2016)

45.8 m

Market capitalization (25-May-2017)

515.5 m

Closing share price (25-May-2017)

9

Cash (31-Dec-2016)

34.6 m
Republic First Bancorp's current market capitalization is $515.5 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015Y, 2016

Revenue

37.2 m40.5 m45.4 m69.5 m

Revenue growth, %

9%12%53%

Cost of goods sold

4.6 m4.6 m5.4 m6.9 m

Gross profit

32.6 m35.8 m40.1 m62.7 m

Gross profit Margin, %

88%89%88%90%

Operating expense total

40.4 m40.6 m47.1 m56.3 m

EBIT

27.7 m34.9 m39.6 m45.8 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 m2.4 m4.9 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

35.9 m128.8 m27.1 m34.6 m

Accounts Receivable

3 m3.2 m4.2 m5.5 m

Inventories

PP&E

22.7 m35 m46.2 m57 m

Goodwill

5 m

Total Assets

961.7 m1.2 b1.4 b1.9 b

Accounts Payable

237 k265 k245 k444 k

Additional Paid-in Capital

107.1 m152.2 m152.9 m253.6 m

Retained Earnings

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

Total Equity

62.9 m113.4 m215.1 m

Financial Leverage

15.3 x12.7 x8.9 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(3.5 m)2.4 m2.4 m4.9 m

Depreciation and Amortization

2.1 m2.4 m3.1 m3.5 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

560 k9.7 m4.6 m5.3 m

Cash From Investing Activities

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

Cash From Financing Activities

(19.7 m)247.6 m224.1 m461.6 m

Interest Paid

4.7 m4.6 m5.4 m6.7 m

Income Taxes Paid

235 k70 k190 k
Numbers are in $, USDY, 2016

Revenue/Employee

251 k

Financial Leverage

8.9 x

Republic First Bancorp Market Value History

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