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

Republic First Bancorp (Republic First Bancorp) Sloan Ratio % : 17.83% (As of Sep. 2022)


View and export this data going back to 1985. Start your Free Trial

What is Republic First Bancorp Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Republic First Bancorp's Sloan Ratio for the quarter that ended in Sep. 2022 was 17.83%.

As of Sep. 2022, Republic First Bancorp has a Sloan Ratio of 17.83%, indicating there is a warning stage of accrual build up.


Republic First Bancorp Sloan Ratio % Historical Data

The historical data trend for Republic First Bancorp's Sloan Ratio % can be seen below:

* 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.

* Premium members only.

Republic First Bancorp Sloan Ratio % Chart

Republic First Bancorp Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.84 15.25 12.44 21.60 21.72

Republic First Bancorp Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.72 19.03 21.50 17.83 -

Competitive Comparison of Republic First Bancorp's Sloan Ratio %

For the Banks - Regional subindustry, Republic First Bancorp's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Republic First Bancorp's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Republic First Bancorp's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Republic First Bancorp's Sloan Ratio % falls into.



Republic First Bancorp Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Republic First Bancorp's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2021 )-Cash Flow from Operations (A: Dec. 2021 )
-Cash Flow from Investing (A: Dec. 2021 ))/Total Assets (A: Dec. 2021 )
=(25.176-82.626
--1279.31)/5626.656
=21.72%

Republic First Bancorp's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2022 )
=(18.248-48.851
--1100.125)/5999.254
=17.83%

Republic First Bancorp's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was 6.078 (Dec. 2021 ) + 6.119 (Mar. 2022 ) + 4.498 (Jun. 2022 ) + 1.553 (Sep. 2022 ) = $18.2 Mil.
Republic First Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was 11.921 (Dec. 2021 ) + 16.582 (Mar. 2022 ) + 10.836 (Jun. 2022 ) + 9.512 (Sep. 2022 ) = $48.9 Mil.
Republic First Bancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was -495.294 (Dec. 2021 ) + -152.814 (Mar. 2022 ) + -220.795 (Jun. 2022 ) + -231.222 (Sep. 2022 ) = $-1,100.1 Mil.

* 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) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Sep. 2022, Republic First Bancorp has a Sloan Ratio of 17.83%, indicating there is a warning stage of accrual build up.


Republic First Bancorp Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Republic First Bancorp's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Republic First Bancorp (Republic First Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
50 South 16th Street, Philadelphia, PA, USA, 19102
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

Republic First Bancorp (Republic First Bancorp) Headlines