NasdaqGM:FRBK

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Republic First Bancorp

Executive Summary

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. More Details


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.7%

FRBK

0.3%

US Banks

-1.4%

US Market


1 Year Return

-44.1%

FRBK

-28.7%

US Banks

17.8%

US Market

Return vs Industry: FRBK underperformed the US Banks industry which returned -28.5% over the past year.

Return vs Market: FRBK underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

FRBKIndustryMarket
7 Day1.7%0.3%-1.4%
30 Day18.3%5.8%4.7%
90 Day7.9%-0.5%8.2%
1 Year-44.1%-44.1%-26.1%-28.7%20.5%17.8%
3 Year-74.8%-74.8%-19.3%-26.0%42.2%32.7%
5 Year-41.2%-41.2%14.8%0.6%83.4%62.7%

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

Valuation

Is Republic First Bancorp undervalued compared to its fair value and its price relative to the market?

0.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FRBK ($2.33) is trading above our estimate of fair value ($0.3)

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 US 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 (0.5x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Republic First Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-51.5%

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 (2.2%).

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 (5.5% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: FRBK's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FRBK is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Republic First Bancorp performed over the past 5 years?

-10.9%

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, and losses have increased over the past 5 years at a rate of 10.9% 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 (-3%).


Return on Equity

High ROE: FRBK has a negative Return on Equity (-0.94%), as it is currently unprofitable.


Next Steps

Financial Health

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


Balance Sheet


Financial Institutions Analysis

Asset Level: FRBK's Assets to Equity ratio (17.4x) is moderate.

Allowance for Bad Loans: FRBK has a low allowance for bad loans (87%).

Low Risk Liabilities: 87% of FRBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: FRBK has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: FRBK's Loans to Deposits ratio (69%) is appropriate.

Level of Bad Loans: FRBK has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

What is Republic First Bancorp 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 recent payouts.

High Dividend: Unable to evaluate FRBK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average management tenure


CEO

Harry Madonna (77 yo)

19.75yrs

Tenure

US$702,955

Compensation

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 ($USD702.96K) is about average for companies of similar size in the US market ($USD589.00K).

Compensation vs Earnings: Harry's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Harry Madonna
President19.75yrsUS$702.96kno data
Frank Cavallaro
Executive VP & CFO11.17yrsUS$490.68k0.031%
$ 42.7k
John Allison
Chief Technology Information Officer0.75yrno datano data
Janine Zangrilli
Human Resource Managerno datano datano data
Stephen McWilliams
Senior Vice President and Senior Commercial Lender11.5yrsno datano data
Robert Worley
Senior VP & New Jersey Market Managerno datano datano data
Donald Reardon
Senior Vice President and Director of Cash Managementno datano datano data
Sharon Hammel
Chief Retail Officer3.67yrsno datano data
Leslie Diluigi
Senior Vice President and Retail Market Manager for South Jersey3.5yrsno datano data
Jennifer MacMullen
Senior VP & Retail Market Manager - Pennsylvania1.42yrsno datano data
Edward Ryan
Controller and Controller of Republic First Bank15yrsUS$111.67kno data
Kemma Brown
Corporate Secretaryno datano datano data

7.4yrs

Average Tenure

60.5yo

Average Age

Experienced Management: FRBK's management team is seasoned and experienced (7.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Harry Madonna
President19.75yrsUS$702.96kno data
Vernon Hill
Chairman of the Board3.83yrsUS$583.00k7.65%
$ 10.5m
Harris Wildstein
Independent Director32.75yrsUS$130.25k1.58%
$ 2.2m
Brian Tierney
Independent Director9.5yrsUS$111.50k0.090%
$ 123.3k
Barry Spevak
Independent Director16.5yrsUS$130.50k0.042%
$ 58.3k
Andrew Cohen
Independent Director3.33yrsUS$110.75k0.020%
$ 28.0k
Theodore Flocco
Independent Director12.33yrsUS$143.25k0.091%
$ 124.7k
Lisa Jacobs
Independent Director3.67yrsUS$113.50k0.015%
$ 20.0k

10.9yrs

Average Tenure

68.5yo

Average Age

Experienced Board: FRBK's board of directors are seasoned and experienced ( 10.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FRBK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Republic First Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Republic First Bancorp, Inc.
  • Ticker: FRBK
  • Exchange: NasdaqGM
  • Founded: 1987
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$137.134m
  • Shares outstanding: 58.86m
  • Website: https://www.myrepublicbank.com

Number of Employees


Location

  • Republic First Bancorp, Inc.
  • 50 South 16th Street
  • Philadelphia
  • Pennsylvania
  • 19102
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FRBKNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJun 1996

Biography

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. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 00:07
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.