REPUBLIC FIRST BANCORP INC (FRBK) [Rocket]

Overview

REPUBLIC FIRST BANCORP INC (FRBK)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/12/2023	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:
09/27/2023	SC 13D/A	NORCROSS GEORGE E III reports a 3.7% stake in Republic First Bancorp, Inc.
09/27/2023	DEFA14A	Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material:
09/27/2023	8-K	Quarterly results
08/23/2023	8-K	Other Events  Interactive Data
08/22/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and...
08/17/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and...

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	156.2	123.9	99.6	93.9	81.3	61.1	49.5	42.9
Revenue growth	26.1%	24.3%	6.1%	15.6%	33.0%	23.5%	15.3%	16.4%
Cost of goods sold	77.1	71.2	66.3	52.9	45.9	35.1	28.1	25.0
Gross profit	79.1	52.6	33.4	41.0	35.3	26.0	21.4	18.0
Gross margin	50.7%	42.5%	33.5%	43.7%	43.5%	42.6%	43.2%	41.9%
Sales and marketing	0.7	1.2	1.9	1.2	1.3	0.8	0.6	0.6
General and administrative	12.7	10.7	8.9	6.9	6.0	5.0	3.6	3.4
EBITA	57.3	32.5	16.1	27.4	23.5	16.8	14.1	11.6
EBITA margin	36.7%	26.3%	16.1%	29.2%	28.9%	27.5%	28.5%	27.0%
Amortization of intangibles					0.1	0.0
EBIT	57.3	32.5	16.1	27.4	23.4	16.8	14.1	11.6
EBIT margin	36.7%	26.3%	16.1%	29.2%	28.8%	27.4%	28.5%	27.0%
Pre-tax income	33.7	6.4	-4.9	10.2	6.0	4.8	2.4	2.4
Income taxes	8.5	1.4	-1.4	1.6	-2.9	-0.1	0.0	0.0
Tax rate	25.3%	21.6%	27.8%	15.5%
Net income	21.7	4.1	-3.5	8.6	8.9	4.9	2.4	2.4
Net margin	13.9%	3.3%	-3.5%	9.2%	11.0%	8.1%	4.9%	5.7%

Diluted EPS	$0.29	$0.07	($0.06)	$0.15	$0.15	$0.12	$0.06	$0.07
Shares outstanding (diluted)	76.0	58.9	58.8	59.4	58.3	39.9	38.1	34.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.