Last $48.22 USD
Change Today -0.18 / -0.37%
Volume 278.3K
FRC On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 2:41 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

first republic bank/ca (FRC) Snapshot

Open
$48.32
Previous Close
$48.40
Day High
$48.42
Day Low
$47.97
52 Week High
03/21/14 - $56.18
52 Week Low
08/28/13 - $43.37
Market Cap
6.5B
Average Volume 10 Days
1.3M
EPS TTM
$2.99
Shares Outstanding
135.0M
EX-Date
07/30/14
P/E TM
16.1x
Dividend
$0.56
Dividend Yield
1.08%
Current Stock Chart for FIRST REPUBLIC BANK/CA (FRC)

first republic bank/ca (FRC) Details

First Republic Bank, together with its subsidiaries, provides personalized, relationship-based preferred banking, preferred business banking, real estate lending, trust, and wealth management services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit. It also provides a range of lending products that comprise residential mortgage loans and lines of credit, multifamily loans, commercial real estate loans, residential construction loans, small business loans, personal loans, business loans, and Eagle One loans and lines of credit. The company’s loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, trust and custody services, full service and online brokerage, financial and estate planning, access to alternative investments, investing, insurance, and foreign exchange. As of December 31, 2013, the company offered its services through 73 offices, including 66 preferred banking licensed deposit-taking offices in metropolitan areas comprising San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, New York City, Boston, and Portland; and 7 offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

2,426 Employees
Last Reported Date: 07/28/14
Founded in 1985

first republic bank/ca (FRC) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $800.0K
President, Executive Director, Member of Inve...
Total Annual Compensation: $800.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.4M
Chief Operating Officer and Senior Executive ...
Total Annual Compensation: $750.0K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $780.0K
Compensation as of Fiscal Year 2013.

first republic bank/ca (FRC) Key Developments

First Republic Bank Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2014

First Republic Bank announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the bank reported net income available to common shareholders of $106.943 million or $0.76 per diluted share compared to $102.764 million or $0.76 per diluted share a year ago. Non-GAAP reported net income available to common shareholders of $96.999 million or $0.69 per diluted share compared to $86.139 million or $0.64 per diluted share a year ago. Book value per share was $26.82 against $23.50 per share a year ago. Net interest income was $333.213 million against $303.092 million for the same period last year. Income before provision for income taxes was $165.523 million against $163.830 million of prior year period. Total interest income was $370.303 million against $332.744 million a year ago. Non-GAAP net interest income was $311.951 million against $269.572 million for the same period last year. For the six months, the bank reported net income available to common shareholders of $207.758 million or $1.49 per diluted share compared to $217.541 million or $1.61 per diluted share a year ago. Non-GAAP reported net income available to common shareholders of $188.953 million or $1.36 per diluted share compared to $183.951 million or $1.36 per diluted share a year ago. Net interest income was $653.916 million against $601.141 million for the same period last year. Income before provision for income taxes was $322.652 million against $341.135 million of prior year period. Total interest income was $727.614 million against $601.141 million a year ago. Non-GAAP net interest income was $613.116 million against $533.347 million for the same period last year. The bank reported net charge-offs were $130,000 for the quarter.

First Republic Bank Declares Cash Dividend for the Second Quarter of 2014, Payable on August 15, 2014

First Republic Bank declared a cash dividend for the second quarter of $0.14 per share of common stock, which will be payable on August 15, 2014 to shareholders of record as of August 1, 2014.

First Republic Bank to Report Q2, 2014 Results on Jul 16, 2014

First Republic Bank announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 16, 2014

 

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Industry Analysis

FRC

Industry Average

Valuation FRC Industry Range
Price/Earnings 16.2x
Price/Sales 4.5x
Price/Book 1.8x
Price/Cash Flow 13.5x
TEV/Sales NM Not Meaningful
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