Republic First Bancorp Inc. (FRBK) Tuesday reported second quarter net income of $1.0 million or $0.04 per share, compared to net loss of $480,000 or $0.02 per share last year.
Net interest income for the quarter grew to $8 million from $7.5 million in the prior year. Non interest income for the quarter increased to $2.5 million from $2.01 million a year earlier.
The Company recorded a loan loss provision of $0.5 million during the quarter, compared to $1.5 million a year ago.
Non-performing assets decreased 67% to $17 million as of June 30, 2012, compared to $52.0 million as of June 30, 2011.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.