Brief: Republic First Bancorp, Inc. Reports First Quarter 2023 Financial Results

Republic First Bancorp

01/05/2023 13:33

Republic First Bancorp Inc  FRBK.O :
    * REPUBLIC FIRST BANCORP, INC. REPORTS FIRST QUARTER 2023
FINANCIAL RESULTS
    * REPUBLIC FIRST BANCORP INC Q1 LOSS PER SHARE $0.15
    * REPUBLIC FIRST BANCORP INC - NET INTEREST INCOME WAS $24.0
MILLION IN Q1, DECREASING $8.9 MILLION FROM $32.9 MILLION IN
LINKED QUARTER
    * REPUBLIC FIRST BANCORP INC - DETERMINED TO SUSPEND PAYMENT
OF
DIVIDENDS ON PERPETUAL NON-CUMULATIVE, CONVERTIBLE PREFERRED
STOCK
    * REPUBLIC FIRST BANCORP: REPORTED LOSS IN Q1 INCLUDED
PRE-TAX
EFFECT OF $3.1 MILLION WRITE-DOWN OF INVESTMENT IN SIGNATURE
BANK PREFERRED SECURITIES
    * REPUBLIC FIRST BANCORP - TO DEFER PAYMENTS OF INTEREST ON
TWO
ISSUANCES OF OUTSTANDING FLOATING RATE JUNIOR SUBORDINATED DEBT
SECURITIES DUE 2037

Source text for Eikon:  ID:nGNX3sqHGC 
Further company coverage:  FRBK.O