|
|
Article: Republic First Bancorp, Inc. Reports First Quarter Earnings.
- Article from:
- PR Newswire
- Article date:
- April 25, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PHILADELPHIA, April 25 /PRNewswire-FirstCall/ -- Republic First Bancorp, Inc. , (the "Company") the holding company for Republic First Bank (PA), today reported first quarter 2007 earnings of $2.1 million or $.20 per diluted share, compared to $2.7 million or $.25* per diluted share for the same quarter in 2006.
The $.05 per diluted share reduction in first quarter 2007 earnings reflected a $.03 reduction from lower non-interest income, a $.02 reduction from lower net interest income (excluding the tax refund program) and a $.01 reduction from the tax refund program. These items were partially offset by the $.01 impact of reduced non-interest expenses, which ...