Republic First Bancorp, Inc. (FRBK) financial statements (2021 and earlier)

Company profile

Business Address TWO LIBERTY PLACE
PHILADELPHIA, PA 19102
State of Incorp. PA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments78416872623527129
Cash and cash equivalents77516872623527129
Short-term investments9      
Receivables161097543
Disposal group, including discontinued operation      2
Total current assets:80017881694031134
Noncurrent Assets
Operating lease, right-of-use asset7365
Property, plant and equipment1231178875574635
Intangible assets, net (including goodwill) 5555  
Goodwill 5555  
Intangible assets, net (excluding goodwill)    0  
Total noncurrent assets:1961879380624635
Other undisclosed assets4,0692,9762,5792,1731,8221,3621,046
TOTAL ASSETS:5,0663,3412,7532,3221,9241,4391,215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt0191  47 
Total current liabilities:0191  47 
Noncurrent Liabilities
Other undisclosed liabilities4,7573,0922,4172,0961,7091,2791,102
Total liabilities:4,7583,0922,5082,0961,7091,3261,102
Stockholders' equity
Stockholders' equity attributable to parent308249245226215113113
Preferred stock0      
Common stock1111100
Treasury stock, value(4)(4)(4)(4)(4)(4)(4)
Additional paid in capital322272269256254153152
Deferred compensation equity(0)(0)(0)(0)(0)(0)(0)
Accumulated other comprehensive loss(3)(7)(12)(8)(7)(3)(1)
Accumulated deficit(8)(12)(9)(19)(28)(33)(35)
Total stockholders' equity:308249245226215113113
TOTAL LIABILITIES AND EQUITY:5,0663,3412,7532,3221,9241,4391,215

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues23309179635248
Net investment income22309170534540
Financial services revenue9977
Cost of revenue(4)(2)(2)(1)(2)(1)(1)
Provision for loan, lease, and other losses(4)(2)(2)
Financial services costs(1)(2)(1)(1)
Gross profit:19288878615147
Operating expenses(41)(31)(23)(59)(45)(34)(35)
Other operating income, net
(Noninterest Income, Other Operating Income)
0  0000
Operating income (loss):(22)(3)6519161811
Nonoperating expense    (0)(0)(0)
Investment income, nonoperating    (0)(0)(0)
Losses on sales of other real estate      (0)
Interest and debt expense(23)(27)(16)(9)(7)(5)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes5125(38)(4)(5)(10)(4)
Income (loss) from continuing operations before income taxes:6(5)106522
Income tax expense (benefit)(1)1(2)3000
Net income (loss) attributable to parent:5(4)99522
Preferred stock dividends and other adjustments(1)      
Net income (loss) available to common stockholders, diluted:4(4)99522

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):5(4)99522
Other comprehensive income (loss)    (4)(3)2
Comprehensive income (loss):5(4)991(0)5
Other undisclosed comprehensive income (loss), net of tax, attributable to parent55(3)(0)   
Comprehensive income (loss), net of tax, attributable to parent:101691(0)5

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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