REPUBLIC FIRST BANCORP - FRBK STOCK NEWS

Republic First Bancorp, Inc. (NASDAQ: FRBK) has promoted Paul Amann to Team Lead for the New York market, building on his successful tenure as a senior vice president since July 2019. Amann has contributed significantly with over $40 million in loan growth for two consecutive years. Under Amann's leadership, the bank aims to enhance its commercial and industrial customer base in the tri-state area. Republic Bank, recognized as America’s #1 Bank for Service by Forbes in 2020, continues to expand its footprint and customer offerings, emphasizing exceptional service and convenience.

Republic First Bancorp (FRBK) reported a net income of $4.1 million, or $0.05 per share, for Q4 2020, marking a 265% increase from a net loss of $2.5 million in Q4 2019. For the full year, net income was $5.1 million, up 244% from a loss of $3.5 million in 2019. Total revenue increased by 48% in Q4 and by 26% for the year, driven by strong deposits and loans growth, including $600 million in PPP loans. Despite a $5 million goodwill impairment charge, core earnings reached $11.5 million, reflecting significant operational efficiency improvements.

Republic First Bancorp, Inc. (NASDAQ: FRBK) announced plans to release its fourth quarter 2020 financial results on January 25, 2021. Following the announcement, the company will host a conference call at 11:00 AM EST to discuss the results. Investors and analysts can participate via U.S. dial-in numbers provided in the release. Republic Bank operates as a state-chartered commercial bank, offering diverse financial products with a focus on customer convenience.

Republic First Bancorp, Inc. (NASDAQ: FRBK) reported its Q3 2020 financial results, showing a significant increase in total deposits and loans. Total deposits rose 43% year-over-year to $3.9 billion, while total loans increased 68% to $2.6 billion. Despite a reported net loss of $1 million, attributed to a non-cash goodwill impairment charge of $5 million, adjusted earnings for the nine months ended September 30, 2020, were $4.7 million. The bank's asset quality improved, with non-performing assets decreasing to 0.27%. Revenue grew 27% in Q3 compared to the previous year.

Republic First Bancorp, Inc. (NASDAQ: FRBK) announced the postponement of its third-quarter financial results, now scheduled for release on October 29, 2020. Alongside the results, the company will host a conference call at 11:00 am EDT the same day. This decision emphasizes the importance of accurate financial reporting amidst current market conditions, reflecting the company's commitment to transparency. Investors can expect insights into performance metrics that may significantly influence the stock's future outlook.

Republic First Bancorp, Inc. (NASDAQ: FRBK) will announce its third-quarter financial results on October 27, 2020, followed by a conference call at 11:00 AM EDT. The bank operates 31 locations in the Greater Philadelphia, Southern New Jersey, and New York markets, offering a variety of financial services, including free checking and residential mortgages through Oak Mortgage Company. Republic Bank is FDIC insured and aims to provide convenient banking services to customers.

Republic First Bancorp, Inc. (NASDAQ: FRBK) has appointed Sherry Minda as Senior Vice President and Senior Relationship Manager. Minda brings over 30 years of banking experience, previously serving at Chase Bank and holding leadership roles at major banks. Her expertise is expected to enhance Republic Bank's commercial loan portfolio growth in the New York market. This strategic hire aligns with the bank's ongoing expansion efforts and commitment to exceptional customer service, as evidenced by its recognition as America's #1 Bank for Service in 2020.

Republic First Bancorp, Inc. (NASDAQ: FRBK) has appointed Sheryl Simon as Senior Vice President and Senior Relationship Manager, aimed at enhancing the bank's presence in the New York market. With 18 years of banking experience, Simon previously worked at TD Bank and Lakeland Bank, where she significantly contributed to business growth in commercial lending.

Republic Bank, recognized as America’s #1 Bank for Service by Forbes in 2020, is expanding its operations as part of its 'The Power of Red is Back' growth plan, emphasizing convenience, customer experience, and diverse financial products.

Republic First Bancorp (NASDAQ: FRBK) has appointed Carol Hasenstab as Vice President and Store Manager at its New York City location. With nearly 30 years in the banking sector, Hasenstab aims to enhance the bank's market presence through strong business relationships and superior customer service. Previously, she led business development strategies at TD Bank for 23 locations. Republic Bank, recognized as America’s #1 Bank for Service by Forbes in 2020, continues to expand its footprint with 31 stores and offers numerous customer-centric services.