Last $52.15 USD
Change Today +0.23 / 0.44%
Volume 925.2K
FRC On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

first republic bank/ca (FRC) Snapshot

Open
$51.94
Previous Close
$51.92
Day High
$52.41
Day Low
$51.65
52 Week High
03/21/14 - $56.18
52 Week Low
10/16/14 - $44.56
Market Cap
7.2B
Average Volume 10 Days
739.0K
EPS TTM
$3.10
Shares Outstanding
138.1M
EX-Date
10/28/14
P/E TM
16.8x
Dividend
$0.56
Dividend Yield
1.04%
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 Declares Dividends on Five Series of Perpetual Preferred Stock for Fourth Quarter of 2014 Payable on December 30, 2014

First Republic Bank announced that it has declared cash dividends on all five outstanding series of its perpetual preferred stock for the fourth quarter of 2014. A quarterly cash dividend of $16.75 per share was declared on its Noncumulative Perpetual Series A Preferred Stock. This dividend equals $0.418750 per depositary share, each representing 1/40th interest in a share of Series A Preferred Stock. The Series A Preferred Stock dividend is payable on December 30, 2014, to shareholders of record as of December 19, 2014. A quarterly cash dividend of $15.50 per share was declared on its Noncumulative Perpetual Series B Preferred Stock. This dividend equals $0.38750 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The Series B Preferred Stock dividend is payable on December 30, 2014, to shareholders of record as of December 19, 2014. A quarterly cash dividend of $14.0625 per share was declared on its Noncumulative Perpetual Series C Preferred Stock. This dividend equals $0.3515625 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock. The Series C Preferred Stock dividend is payable on December 30, 2014, to shareholders of record as of December 19, 2014. A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series D Preferred Stock. This dividend equals $0.343750 per depositary share, each representing 1/40th interest in a share of Series D Preferred Stock. The Series D Preferred Stock dividend is payable on December 30, 2014, to shareholders of record as of December 19, 2014. A quarterly cash dividend of $17.50 per share was declared on its Noncumulative Perpetual Series E Preferred Stock. This dividend equals $0.4375 per depositary share, each representing 1/40th interest in a share of Series E Preferred Stock. The Series E Preferred Stock dividend is payable on December 30, 2014, to shareholders of record as of December 19, 2014.

First Republic Bank Presents at Goldman Sachs U.S. Financial Services Conference 2014, Dec-10-2014 03:20 PM

First Republic Bank Presents at Goldman Sachs U.S. Financial Services Conference 2014, Dec-10-2014 03:20 PM. Venue: Conrad Hotel, 102 North End Avenue, New York, NY 10282, United States. Speakers: Gaye Erkan, Chief Investment Officer, Co-Chief Risk Officer and Senior Vice President, Katherine August-DeWilde, President, Executive Director, Member of Investment Committee and Member of Directors Trust Committee, Mike Selfridge, Chief Operating Officer and Senior Executive Vice President.

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.

 

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Industry Analysis

FRC

Industry Average

Valuation FRC Industry Range
Price/Earnings 16.8x
Price/Sales 4.6x
Price/Book 1.9x
Price/Cash Flow 13.9x
TEV/Sales NM Not Meaningful
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