Republic First Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $10,786,000 against $9,544,000 a year ago. Net interest income was $9,540,000 against $8,438,000 a year ago. Income before provision for income taxes was $875,000 against loss before benefit for income taxes of $3,228,000 a year ago. Net income was $853,000 or $0.02 per basic and diluted share compared to net loss of $3,261,000 or $0.13 per basic and diluted share a year ago.

For the year, the company reported total interest income of $40,473,000 against $37,205,000 a year ago. Net interest income was $35,829,000 against $32,615,000 a year ago. Income before provision for income taxes was $2,396,000 against loss before benefit for income taxes of $3,515,000 a year ago. Net income was $2,442,000 or $0.07 per basic and diluted share net loss of $3,480,000 or $0.13 per basic and diluted share a year ago. Tangible book value per share increased to $2.98 at December 31, 2014 compared to $2.42 per share at December 31, 2013.

For the quarter, the company reported net charge-offs of $980,000 against $201,000 a year ago.