Republic First Bancorp Inc reports results for the quarter ended in March - Earnings Summary

Republic First Bancorp

01/05/2023 14:31

* Republic First Bancorp Inc  FRBK.OQ  reported a quarterly
adjusted loss of 15 cents​​ per share for the quarter ended in
March. The mean expectation of two analysts for the quarter was
for earnings of 13 cents per share.
    * Revenue fell 37.6% to $25.26 million from a year ago;
analysts
expected $48.10 million. 
    * Republic First Bancorp Inc's reported EPS for the quarter
was a
loss of 15 cents​.
    * The mean earnings estimate of analysts had risen by
about 23.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Republic First Bancorp Inc shares had fallen by 9.6% this
quarter and lost 42.8% so far this year.
    * The company reported a quarterly loss of $9.72 million.
    * Wall Street's median 12-month price target for Republic
First
Bancorp Inc is $3.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.13           -0.15          Missed
 Dec. 31 2022      0.10           -0.01          Missed
 Sep. 30 2022      0.09           0.01           Missed
 Jun. 30 2022      0.07           0.06           Missed