Republic First: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

PHILADELPHIA (AP) _ Republic First Bancorp Inc. (FRBK) on Tuesday reported a fourth-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.

The bank, based in Philadelphia, said it had a loss of 4 cents per share.

The bank holding company posted revenue of $32.1 million in the period. Its revenue net of interest expense was $25.1 million, which topped Street forecasts.

For the year, the company reported a loss of $3.5 million, or 6 cents per share, swinging to a loss in the period. Revenue was reported as $101.5 million.

The company's shares closed at $3.70. A year ago, they were trading at $6.50.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRBK at https://www.zacks.com/ap/FRBK