Republic First Bancorp Inc. (FRBK: Quote) 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.
Click here to receive FREE breaking news email alerts for Republic First Bancorp Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com