Republic First Bancorp, Inc. (FRBK) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20172623527129 
Cash and cash equivalents20172623527129 
Receivables997543 
Disposal group, including discontinued operation     2 
Total current assets:21181694031134 
Noncurrent Assets
Operating lease, right-of-use asset66
Property, plant and equipment112887557463523
Intangible assets, net (including goodwill)5555  
Goodwill5555   
Intangible assets, net (excluding goodwill)   0   
Total noncurrent assets:182938062463523
Other undisclosed assets2,6932,5792,1731,8221,3621,046939
TOTAL ASSETS:3,0862,7532,3221,9241,4391,215962
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 91  47  
Total current liabilities: 91  47  
Noncurrent Liabilities
Other undisclosed liabilities2,8352,4172,0961,7091,2791,102899
Total liabilities:2,8352,5082,0961,7091,3261,102899
Stockholders' equity
Stockholders' equity attributable to parent25124522621511311363
Common stock1111000
Treasury stock, value(4)(4)(4)(4)(4)(4)(3)
Additional paid in capital271269256254153152107
Deferred compensation equity(0)(0)(0)(0)(0)(0)(1)
Accumulated other comprehensive loss(8)(12)(8)(7)(3)(1)(3)
Accumulated deficit(10)(9)(19)(28)(33)(35)(38)
Total stockholders' equity:25124522621511311363
TOTAL LIABILITIES AND EQUITY:3,0862,7532,3221,9241,4391,215962

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues659179635248 
Net investment income659170534540 
Financial services revenue9977 
Cost of revenue(1)(2)(1)(2)(1)(1)(5)
Provision for loan, lease, and other losses(1)(2)
Financial services costs(1)(2)(1)(1)(5)
Gross profit:648878615147(5)
Operating expenses(28)(23)(59)(45)(34)(35)(23)
Other operating income, net
(Noninterest Income, Other Operating Income)
  00000
Operating income (loss):356519161811(27)
Nonoperating income (expense)   (0)(0)(0)0
Investment income, nonoperating   (0)(0)(0) 
Gains (losses) on sales of other real estate     (0)0
Bank owned life insurance income      0
Interest and debt expense(25)(16)(9)(7)(5)(5)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(9)(38)(4)(5)(10)(4)28
Income (loss) from continuing operations before income taxes:1106522(4)
Income tax expense (benefit)0(2)30000
Net income (loss) available to common stockholders, diluted:199522(3)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):199522(3)
Other comprehensive income (loss)   (4)(3)2(4)
Comprehensive income (loss):1991(0)5(7)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11(3)(0)    
Comprehensive income (loss), net of tax, attributable to parent:12691(0)5(7)

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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