Republic First Bancorp, Inc. operates as the holding company for Republic First Bank that provides a range of credit and depository banking products and services to individuals and businesses primarily in Greater Philadelphia and Southern New Jersey.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Republic First Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRBK's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FRBK underperformed the US Banks industry which returned 1.2% over the past year.
Return vs Market: FRBK underperformed the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is Republic First Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StImagine Owning Republic First Bancorp (NASDAQ:FRBK) While The Price Tanked 58%
3 weeks ago | Simply Wall StRepublic First Bancorp, Inc. Just Reported, And Analysts Assigned A US$4.00 Price Target
4 weeks ago | Simply Wall StHow Should Investors Feel About Republic First Bancorp, Inc.'s (NASDAQ:FRBK) CEO Pay?
Is Republic First Bancorp undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: FRBK ($3.07) is trading above our estimate of fair value ($1.25)
Significantly Below Fair Value: FRBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FRBK is unprofitable, so we can't compare its PE Ratio to the Banks industry average.
PE vs Market: FRBK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FRBK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FRBK is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (1.1x).
How is Republic First Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRBK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: FRBK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FRBK's is expected to become profitable in the next 3 years.
Revenue vs Market: FRBK's revenue (16.4% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: FRBK's revenue (16.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRBK's Return on Equity is forecast to be low in 3 years time (2.1%).
How has Republic First Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRBK is currently unprofitable.
Growing Profit Margin: FRBK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FRBK is unprofitable, but has reduced losses over the past 5 years at a rate of 10.4% per year.
Accelerating Growth: Unable to compare FRBK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FRBK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (11.9%).
Return on Equity
High ROE: FRBK has a negative Return on Equity (-1.4%), as it is currently unprofitable.
How is Republic First Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FRBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: FRBK's debt is not covered by short term assets (assets are -3.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FRBK has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: FRBK has been profitable on average in the past, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: FRBK's level of assets compared to its equity is moderate.
Allowance for Bad Loans: FRBK has a low allowance for bad loans.
Low Risk Liabilities: FRBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: FRBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FRBK's loans are broadly funded by customer deposits.
Level of Bad Loans: FRBK has an appropriate level of bad loans (0.71%)
What is Republic First Bancorp's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FRBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FRBK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FRBK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FRBK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FRBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Harry Madonna (76yo)
Mr. Harry D. Madonna Founded Republic First BanCorp, Inc and has been its Chief Executive Officer since 2001 and as its President since 2001. Mr. Madonna has been the Chief Executive Officer of Republic Fi ...
CEO Compensation Analysis
Compensation vs Market: Harry's total compensation ($USD863.33K) is about average for companies of similar size in the US market ($USD1.14M).
Compensation vs Earnings: Harry's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||10.5yrs||US$440.16k||0.023% $42.2k|
|Chief Technology Information Officer||0.08yrs||no data||no data|
|Human Resource Manager||0yrs||no data||no data|
|Senior Vice President and Senior Commercial Lender||10.8yrs||no data||no data|
|Senior VP & New Jersey Market Manager||0yrs||no data||no data|
|Senior Vice President and Director of Cash Management||0yrs||no data||no data|
|Chief Retail Officer||3yrs||no data||no data|
|Senior Vice President and Retail Market Manager for South Jersey||2.8yrs||no data||no data|
|Senior VP & Retail Market Manager - Pennsylvania||0.8yrs||no data||no data|
Experienced Management: FRBK's management team is considered experienced (3 years average tenure).
|Chairman of the Board||3.2yrs||US$647.00k||7.48% $13.5m|
|Independent Director||32.1yrs||US$141.75k||1.45% $2.6m|
|Independent Director||8.8yrs||US$120.25k||0.090% $162.4k|
|Independent Director||15.8yrs||US$148.50k||0.042% $76.7k|
|Independent Director||2.7yrs||US$118.75k||0.020% $36.8k|
|Independent Director||11.7yrs||US$145.50k||0.091% $164.2k|
|Independent Director||3yrs||US$138.50k||0.015% $26.4k|
Experienced Board: FRBK's board of directors are seasoned and experienced ( 10.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Republic First Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Republic First Bancorp, Inc.
- Ticker: FRBK
- Exchange: NasdaqGM
- Founded: 1987
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$180.647m
- Shares outstanding: 58.84m
- Website: https://www.myrepublicbank.com
Number of Employees
- Republic First Bancorp, Inc.
- 50 South 16th Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRBK||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Jun 1996|
Republic First Bancorp, Inc. operates as the holding company for Republic First Bank that provides a range of credit and depository banking products and services to individuals and businesses primarily in Greater Philadelphia and Southern New Jersey. It offers consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit. The company also provides secured and unsecured commercial loans, real estate loans, construction and land development loans, automobile loans, home improvement loans, mortgages, home equity and overdraft lines of credit, and other products, as well as lockbox services. As of January 20, 2020, it operated 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. Republic First Bancorp, Inc. was founded in 1987 and is based in Philadelphia, Pennsylvania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 23:55|
|End of Day Share Price||2020/02/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.