What BARD says about Republic First Bancorp, Inc. (FRBK) scheduled
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Republic First Bancorp, Inc. (FRBK) is scheduled to report its first-quarter 2023 earnings on June 12, 2023, after the market close. Analysts expect the company to report earnings per share of $0.24, up 10.4% from the same quarter last year. Revenue is expected to come in at $104.4 million, up 5.8% year-over-year.
The company's results will be closely watched for any signs of impact from the ongoing economic slowdown. FRBK has a strong track record of earnings growth, and analysts expect the company to continue to perform well in the current quarter. However, the economic slowdown could weigh on loan growth and net interest income.
FRBK is a regional bank with a focus on small businesses and consumers in the Philadelphia metropolitan area. The company has a strong capital position and a history of conservative lending practices. This should help FRBK weather the current economic storm and continue to perform well in the long term.
Overall, analysts expect FRBK to report strong earnings in the first quarter.