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.

Company Growth (employees)
Type
Public
HQ
Philadelphia, US
Founded
1987
Size (employees)
306 (est)
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 Financials and Metrics

Republic First Bancorp Financials

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

Revenue (Q2, 2017)

22.3 m

Gross profit (Q2, 2017)

20.2 m

Gross profit margin (Q2, 2017), %

91%

Net income (Q2, 2017)

2.1 m

EBIT (Q2, 2017)

14.8 m

Market capitalization (13-Nov-2017)

507.3 m

Cash (30-Jun-2017)

88 m

EV

474.3 m
Republic First Bancorp's current market capitalization is $507.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

11.2 m11.8 m12.9 m13 m15.2 m16.2 m19 m20.5 m22.3 m

Cost of goods sold

1.1 m1.2 m1.3 m1.4 m1.5 m1.6 m1.8 m2 m2.1 m

Gross profit

10.1 m10.6 m11.6 m11.6 m13.7 m14.6 m17.2 m18.6 m20.2 m

Gross profit Margin, %

90%90%90%89%90%90%90%90%91%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

35.9 m128.8 m27.1 m34.6 m

Accounts Receivable

3 m3.2 m4.2 m83.9 k

PP&E

22.7 m35 m46.2 m57 m

Goodwill

5 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

81.2 m110.5 m65.2 m111.8 m150 m36.6 m88 m

PP&E

41 m45.1 m49.6 m53.6 m55.6 m58.9 m65.5 m

Goodwill

4.9 m5 m5 m

Total Assets

1.3 b1.4 b1.5 b1.6 b1.7 b2 b2 b
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

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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(219 k)755 k1.3 m1.6 m528 k1.1 m1.6 m1.1 m2.1 m3.4 m1.8 m3.8 m

Depreciation and Amortization

1.6 m498 k1.1 m1.8 m723 k1.5 m2.1 m969 k1.8 m2.8 m1.2 m2.3 m

Cash From Operating Activities

(4.5 m)2.2 m6.2 m7.1 m(5.5 m)(344 k)2.1 m2 m1.1 m3 m4.3 m8.2 m

Cash From Investing Activities

(35.5 m)(14.1 m)(59.1 m)(102.6 m)(9.9 m)(104.9 m)(185.7 m)(5.3 m)(54.6 m)(146.6 m)(45.4 m)(65.1 m)
USDY, 2017

EV/EBIT

32.1 x

EV/CFO

57.7 x

Revenue/Employee

72.9 k

Financial Leverage

9.2 x
Show all financial metrics

Republic First Bancorp Operating Metrics

Republic First Bancorp's Total Loans Issued was reported to be $1.1 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans Issued

$782.38 m$789.11 m$823.25 m$845.62 m$875.03 m$899.5 m$930.19 m$945.5 m$965.04 m$1.03 b$1.07 b

Bank Branches

151719

Non-accrual Loans

$21.44 m$19.96 m$15.98 m$14.37 m$12.62 m$11.82 m$18.84 m$19.34 m$18.59 m$185.29 m$18.52 m
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Republic First Bancorp Market Value History

Republic First Bancorp's Web-traffic and Trends

Republic First Bancorp Online and Social Media Presence

Republic First Bancorp Company Life and Culture

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