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Republic First Bancorp (Republic First Bancorp) Return-on-Tangible-Equity : 2.93% (As of Sep. 2022)


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What is Republic First Bancorp Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Republic First Bancorp's annualized net income for the quarter that ended in Sep. 2022 was $6.2 Mil. Republic First Bancorp's average shareholder tangible equity for the quarter that ended in Sep. 2022 was $212.2 Mil. Therefore, Republic First Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 was 2.93%.

The historical rank and industry rank for Republic First Bancorp's Return-on-Tangible-Equity or its related term are showing as below:

FRBK's Return-on-Tangible-Equity is not ranked *
in the Banks industry.
Industry Median: 10.81
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Republic First Bancorp Return-on-Tangible-Equity Historical Data

The historical data trend for Republic First Bancorp's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart

Republic First Bancorp Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.13 3.74 -1.45 1.83 7.96

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
Return-on-Tangible-Equity 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 7.51 8.14 7.03 2.93 -18.80

Competitive Comparison of Republic First Bancorp's Return-on-Tangible-Equity

For the Banks - Regional subindustry, Republic First Bancorp's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Republic First Bancorp's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Republic First Bancorp's Return-on-Tangible-Equity falls into.



Republic First Bancorp Return-on-Tangible-Equity Calculation

Republic First Bancorp's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=25.176/( (308.113+324.242 )/ 2 )
=25.176/316.1775
=7.96 %

Republic First Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=6.212/( (234.923+189.458)/ 2 )
=6.212/212.1905
=2.93 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Republic First Bancorp  (OTCPK:FRBK) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Republic First Bancorp Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Republic First Bancorp's Return-on-Tangible-Equity 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