Last $52.60 USD
Change Today +0.79 / 1.52%
Volume 683.3K
FRC On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

first republic bank/ca (FRC) Snapshot

Open
$51.89
Previous Close
$51.81
Day High
$52.71
Day Low
$51.61
52 Week High
03/21/14 - $56.18
52 Week Low
10/16/14 - $44.56
Market Cap
7.3B
Average Volume 10 Days
561.0K
EPS TTM
$3.10
Shares Outstanding
138.1M
EX-Date
10/28/14
P/E TM
17.0x
Dividend
$0.56
Dividend Yield
1.03%
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.

2,442 Employees
Last Reported Date: 11/6/14
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 Management Changes

First Republic Bank announced that Mike Roffler, Deputy Chief Financial Officer for the past five years, has been named Executive Vice President, Chief Financial Officer effective Jan. 1, 2015. Roffler succeeds Willis Newton, who has served as CFO of First Republic for the past 26 years. Roffler joined First Republic in 2009 and has had direct responsibility for accounting, tax, and both financial and regulatory reporting. He was closely involved in First Republic's divestiture from Bank of America and its second IPO in December 2010. He led multiple preferred and common stock offerings, and a senior debt offering. Prior to joining First Republic, Roffler worked for 16 years in the audit practice at KPMG and became a Partner in 2004.

First Republic Bank Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Declares Third Quarter 2014 Dividend, Payable on November 13, 2014

First Republic Bank reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income available to common shareholders of $122.122 million or $0.86 per diluted share compared to $101.359 million or $0.74 per diluted share a year ago. Total interest income was $376.396 million compared to $346.050 million a year ago. Net interest income was $335.989 million compared to $308.210 million a year ago. Income before provision for income taxes was $188.768 million compared to $160.144 million a year ago. Non-GAAP net income available to common shareholders was $114.261 million or $0.81 per diluted share compared to $86.306 million or $0.63 per diluted share a year ago. Non-GAAP net interest income was $320.189 million compared to $277.583 million a year ago. Total revenues were $440.660 million up from $361.842 million in the same period last year. Non-GAAP total revenues were $423.181 million up from $331.215 million in the same period last year. For the nine months, the company reported net income available to common shareholders of $329.880 million or $2.35 per diluted share compared to $318.900 million or $2.35 per diluted share a year ago. Total interest income was $1,104.010 million compared to $1,002.540 million a year ago. Net interest income was $989.905 million compared to $909.351 million a year ago. Income before provision for income taxes was $511.420 million compared to $501.279 million a year ago. Book value per common share was $27.48 compared to $24.13 a year ago. Tangible book value per common share was $25.87 compared to $22.27 a year ago. Non-GAAP net income available to common shareholders was $303.214 million or $2.16 per diluted share compared to $270.257 million or $1.99 per diluted share a year ago. Non-GAAP net interest income was $933.305 million compared to $810.930 million a year ago. Total revenues were $1,232.426 million up from $1,097.501 million in the same period last year. Non-GAAP total revenues were $1,174.147 million up from $999.080 million in the same period last year. The Bank declared a cash dividend for the third quarter of $0.14 per share of common stock, which is payable on November 13, 2014 to shareholders of record as of October 30, 2014.

First Republic Bank to Report Q3, 2014 Results on Oct 16, 2014

First Republic Bank announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 16, 2014

 

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Industry Analysis

FRC

Industry Average

Valuation FRC Industry Range
Price/Earnings 16.7x
Price/Sales 4.6x
Price/Book 1.9x
Price/Cash Flow 13.8x
TEV/Sales NM Not Meaningful
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