Republic First Bancorp (Republic First Bancorp) Financial Strength : 0 (As of Sep. 2022)

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What is Republic First Bancorp Financial Strength?

Republic First Bancorp has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Republic First Bancorp's interest coverage with the available data. Republic First Bancorp's debt to revenue ratio for the quarter that ended in Sep. 2022 was 0.54. Altman Z-Score does not apply to banks and insurance companies.

Republic First Bancorp Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Republic First Bancorp's Interest Expense for the months ended in Sep. 2022 was $-8.0 Mil. Its Operating Income for the months ended in Sep. 2022 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $90.9 Mil.

Republic First Bancorp's Interest Coverage for the quarter that ended in Sep. 2022 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Republic First Bancorp's Debt to Revenue Ratio for the quarter that ended in Sep. 2022 is

Debt to Revenue Ratio	=	Total Debt (Q: Sep. 2022 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	90.902)	/	169.288
	=	0.54

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Republic First Bancorp (OTCPK:FRBK) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Republic First Bancorp has the Financial Strength Rank of 0.

Republic First Bancorp Financial Strength Related Terms

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Republic First Bancorp (Republic First Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Republic First Bancorp Inc (OTCPK:FRBK) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 South 16th Street, Philadelphia, PA, USA, 19102

Website

https://www.myrepublicbank.com

Republic First Bancorp Inc is an American state-chartered bank. It is principally a holding company for Republic First Bank. The bank offers a range of credit and depository banking products and services, such as consumer and commercial deposit accounts, interest-bearing demand accounts, savings accounts, secured and unsecured commercial loans, real estate loans, automobile loans, mortgages, and other products. It operates in the reportable segment of Community banking.

Executives

Michael W Harrington	officer: Chief Financial Officer	BRYN MAWR TRUST COMPANY, 801 LANCASTER AVENUE, BRYN MAWR PA 19010
Thomas X Geisel	director, officer: President and CEO	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Benjamin Duster	director	200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Peter B Bartholow	director	2100 MCKINNEY AVE, STE 900, DALLAS TX 75201
Michael Laplante	officer: SVP/Chief Accounting Officer	191 NORTH ELM AVENUE, NEWTOWN PA 18940
Harry Madonna	director	C/O REPUBLIC FIRST BANK, 1608 WALNUT ST., PHILADELPHIA PA 19103
Jonathan D. Hill	officer: Interim CFO	C/O REPUBLIC FIRST BANCORP, INC., 50 S. 16TH STREET. SUITE 2400, PHILADELPHIA PA 19102
Jay M Neilon	officer: Chief Credit Officer	35 SKYLINE DRIVE, GLEN MILLS PA 19342
Andrew J Logue	officer: Chief Operations Officer	4 TUSCANY WAY, MT. LAUREL NJ 08054
Barry Spevak	director	1608 WALNUT STREET, SUITE 1000, PHILADELPHIA PA 19103
Flocco Theodore J Jr	director	11 BROOKWOOD ROAD, MT. LAUREL NJ 08054
Tracie Young	officer: Chief Risk Officer	50 S. 16TH STREET, SUITE 2400, PHILADELPHIA PA 19102
Harris Wildstein	director	1522 MEADOWBROOK RD, MEADOWBROOK PA 19046-1011
Frank A. Cavallaro	officer: Chief Financial Officer	132 YALE AVENUE, SOMERDALE NJ 08083
Hill Vernon W Ii	director	17000 HORIZON WAY, SUITE 100, MT. LAUREL NJ 08054