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Republic First Bancorp logo
Republic First Bancorp FRBK
report update icon

Quarterly report 2022-Q3
added 05-16-2026

Republic First Bancorp Income Statement 2021-2008 | FRBK

Brief overview of financial performance at Republic First Bancorp

The comparison covers a five-year financial horizon. Revenue at Republic First Bancorp moved from $3 million in 2016 to $14.6 million in 2021. The cumulative result was +386.3%, corresponding to roughly 37.2% per year. Revenue growth reflects a pronounced phase of business expansion.

The five-year change in net income was +22.9%: from 4.9 million dollars to 6.1 million dollars. Profit changed without establishing a distinct trend.

The five-year change in capitalization reached −14.6%: from $297 million to $253 million. Market expectations deteriorated over the period.

Overall conclusion

The results contain more positive signals than causes for concern. The financial profile benefits from a larger revenue base and improving net profitability. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Republic First Bancorp

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

253 M 165 M 188 M 344 M 504 M 297 M 156 M 117 M 82.9 M 64.4 M 45.5 M - - -

Shares

58.9 M 58.9 M 58.8 M 58.4 M 56.9 M 39.3 M 37.8 M 34.2 M 26 M 26 M 26 M 18.6 K - -

Historical Prices

4.3 2.8 3.19 5.9 8.85 7.55 4.12 3.43 3.19 2.48 1.75 - - -

Net Income

6.08 M 4.1 M -3.5 M 8.63 M 8.9 M 4.94 M 2.43 M 2.44 M -3.48 M 3.61 M -24.7 M -10.7 M -11.4 M -

Revenue

14.6 M 11.2 M 7.76 M 5.65 M 4.08 M 2.99 M 50 M 43.8 M 41.8 M 40.7 M 40.7 M - - -

Cost of Revenue

59.3 M 56.3 M 53.9 M 44.1 M 38 M 28.6 M 22.5 M 20.1 M 17.1 M 16.5 M 15.2 M 12.6 M 12.7 M -

Interest Expense

4.55 M 5.53 M 27.1 M 16.2 M 8.78 M 6.86 M 5.38 M 4.64 M 4.59 M 6.37 M 8.2 M 10.2 M 16.1 M -

EBITDA

8.42 M 8.18 M 6.48 M 5.45 M 4.62 M 3.52 M 3.08 M 2.38 M 2.1 M 2.01 M 2.11 M 2.03 M 1.86 M -

Operating Expenses

- - 133 M 102 M 85 M 65 M 53 M 46 M 47 M 44 M 65 M - - -

General and Administrative Expenses

- 70.1 M 63.9 M 50.6 M 43.4 M 33.4 M 26 M 23.1 M 19.9 M 19.7 M 17.2 M - - -

All numbers in USD currency

Quarterly Income Statement Republic First Bancorp

2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

- 63.8 M 63.7 M 59.2 M 58.9 M 58.9 M 58.9 M 58.9 M 58.9 M 58.9 M 58.9 M 58.8 M 58.8 M 58.8 M 58.8 M 58.8 M 58.8 M 58.8 M 58.7 M 57.1 M 57 M 57 M 56.9 M 56.8 M 56.8 M 37.9 M 37.9 M 37.8 M 37.8 M 37.8 M 37.8 M 37.8 M 37.8 M 37.8 K 35.2 K 26 K - 26 K 26 K 26 M - 26 K 26 K 26 M - 26 K 26 K -

Net Income

- 1.55 M 4.5 M 6.12 M - 6.1 M 5.93 M 7.07 M 4.1 M -966 K 2.51 M -593 K -2.48 M -1.82 M 381 K 426 K 2.16 M 2.32 M 2.37 M 1.78 M 2.74 M 2.32 M 2.06 M 1.79 M 1.5 M 1.34 M 1.02 M 1.08 M 790 K 582 K 533 K 528 K 853 K 297 K 537 K 755 K -3.26 M -2.22 M 1.01 M 992 K 904 K 398 K 1.01 M 1.3 M -23.1 M 1.36 M -480 K -2.51 M

Revenue

- 4.13 M 2.61 M 2.21 M 58.9 M 3.33 M 3.48 M 4.28 M - 3.22 M 2.36 M 2.13 M - 2.04 M 1.9 M 1.69 M - 1.42 M 1.37 M 1.21 M - 1.11 M 947 K 892 K - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

- 16.3 M 16.3 M 14.5 M - 14.6 M 14.9 M 14.7 M - 14.6 M 13.2 M 13.4 M - 14.3 M 13.7 M 12.4 M - 11.2 M 10.9 M 10.6 M - 9.83 M 9.39 M 8.58 M - 7.73 M 6.55 M 6.05 M - 5.73 M 5.72 M 5.22 M - 5.07 M 4.83 M 5.04 M - 4.49 M 4.5 M 4.29 M - 4.01 M 3.96 M 4.13 M - 4.14 M 3.81 M 3.34 M

Interest Expense

- 8.01 M 3.82 M 3.31 M - 4.34 M 4.72 M 4.99 M 5.53 M 5.63 M 5.43 M 6.53 M 6.98 M 6.83 M 6.87 M 6.38 M 5.31 M 4.41 M 3.66 M 2.78 M 2.54 M 2.21 M 2.06 M 1.97 M 1.95 M 1.83 M 1.61 M 1.47 M 1.42 M 1.38 M 1.29 M 1.29 M 1.25 M 1.2 M 1.15 M 1.06 M 1.11 M 1.11 M 1.12 M 1.25 M 1.41 M 1.44 M 1.62 M 1.9 M 2.07 M 2.09 M 2.13 M 1.91 M

EBITDA

- 6.46 M 4.26 M 2.11 M - 6.37 M 4.31 M 2.29 M - 6.08 M 4.12 M 1.88 M - 4.7 M 2.96 M 1.42 M - 4.11 M 2.82 M 1.36 M - 3.59 M 2.3 M 1.18 M - 2.82 M 1.76 M 969 K - 2.13 M 1.46 M 723 K - 1.78 M 1.07 M 498 K - 1.63 M 955 K 483 K - 1.52 M 1.02 M 518 K - 1.59 M 1.06 M 528 K

All numbers in USD currency

The income statement is one of the three key financial reports of a company Republic First Bancorp (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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