First Republic Bank Company Profile (NYSE:FRC)

About First Republic Bank (NYSE:FRC)

First Republic Bank logoFirst Republic Bank is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The Commercial Banking segment is engaged in attracting funds from the public; originating loans, primarily real estate secured mortgage loans, and investing in investment securities. The Wealth Management segment consists of First Republic Investment Management, Inc.; its money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC; First Republic Trust Company and First Republic Trust Company of Delaware LLC (the Trust Company), and its foreign exchange activities. It offers a range of internally managed investment services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial Banks
  • Sub-Industry: Regional Banks
  • Symbol: NYSE:FRC
  • CUSIP: 33616C10
  • Web: www.firstrepublic.com
Capitalization:
  • Market Cap: $15.9 billion
  • Outstanding Shares: 157,756,000
Average Prices:
  • 50 Day Moving Avg: $97.68
  • 200 Day Moving Avg: $96.21
  • 52 Week Range: $72.40 - $104.17
P/E:
  • Trailing P/E Ratio: 24.59
  • Foreward P/E Ratio: 19.02
  • P/E Growth: 1.41
Sales & Book Value:
  • Annual Revenue: $2.34 billion
  • Price / Sales: 6.80
  • Book Value: $39.76 per share
  • Price / Book: 2.54
Dividend:
  • Annual Dividend: $0.68
  • Dividend Yield: 0.7%
Profitability:
  • Net Margins: 27.37%
  • Return on Equity: 12.16%
  • Return on Assets: 0.96%
Debt:
  • Debt-to-Equity Ratio: 1.47%
  • Current Ratio: 0.94%
  • Quick Ratio: 0.94%
Misc:
  • Average Volume: 659,945 shs.
  • Beta: 1.01
  • Short Ratio: 4.66
 

Frequently Asked Questions for First Republic Bank (NYSE:FRC)

What is First Republic Bank's stock symbol?

First Republic Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRC."

How often does First Republic Bank pay dividends? What is the dividend yield for First Republic Bank?

First Republic Bank announced a quarterly dividend on Friday, July 14th. Investors of record on Thursday, July 27th will be given a dividend of $0.17 per share on Thursday, August 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, July 25th. View First Republic Bank's Dividend History.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) issued its quarterly earnings data on Friday, July, 14th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.09 by $0.03. The company earned $641.30 million during the quarter, compared to analyst estimates of $671.27 million. First Republic Bank had a net margin of 27.37% and a return on equity of 12.16%. First Republic Bank's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. View First Republic Bank's Earnings History.

When will First Republic Bank make its next earnings announcement?

First Republic Bank is scheduled to release their next quarterly earnings announcement on Thursday, October, 12th 2017. View Earnings Estimates for First Republic Bank.

Where is First Republic Bank's stock going? Where will First Republic Bank's stock price be in 2017?

13 brokerages have issued 12 month target prices for First Republic Bank's stock. Their predictions range from $90.00 to $121.00. On average, they anticipate First Republic Bank's share price to reach $104.50 in the next twelve months. View Analyst Ratings for First Republic Bank.

Who are some of First Republic Bank's key competitors?

Who are First Republic Bank's key executives?

First Republic Bank's management team includes the folowing people:

  • James H. Herbert II, Chairman of the Board, Chief Executive Officer
  • Katherine August-deWilde, Vice Chairman of the Board
  • Michael J. Roffler, Chief Financial Officer, Executive Vice President
  • Michael J. Harrington, Chairman of First Republic Trust Company
  • Kelly Johnston, President - First Republic Trust Company
  • David Tateosian, President - First Republic Securities Company
  • Jason C. Bender, Chief Operating Officer, Executive Vice President
  • Mollie M. Richardson, Executive Vice President, Chief Administrative Officer and Chief People Officer
  • Hafize Gaye Erkan, Executive Vice President and Chief Deposit Officer and Chief Investment Officer
  • Dale A. Smith, Executive Vice President, Chief Information Officer

Who owns First Republic Bank stock?

First Republic Bank's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.35%), BlackRock Inc. (6.94%), Capital World Investors (5.11%), JPMorgan Chase & Co. (4.37%), State Street Corp (3.80%) and Baillie Gifford & Co. (3.82%). View Institutional Ownership Trends for First Republic Bank.

Who sold First Republic Bank stock? Who is selling First Republic Bank stock?

First Republic Bank's stock was sold by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Fiera Capital Corp, Marshall Wace North America L.P., FMR LLC, Ontario Teachers Pension Plan Board, Westfield Capital Management Co. LP, New York State Common Retirement Fund and First Trust Advisors LP. View Insider Buying and Selling for First Republic Bank.

Who bought First Republic Bank stock? Who is buying First Republic Bank stock?

First Republic Bank's stock was purchased by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, State Street Corp, Diamond Hill Capital Management Inc., BlackRock Inc., JPMorgan Chase & Co., Janus Henderson Group PLC, Vanguard Group Inc. and Capital World Investors. View Insider Buying and Selling for First Republic Bank.

How do I buy First Republic Bank stock?

Shares of First Republic Bank can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Republic Bank's stock price today?

One share of First Republic Bank stock can currently be purchased for approximately $100.80.


MarketBeat Community Rating for First Republic Bank (NYSE FRC)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  333 (Vote Outperform)
Underperform Votes:  377 (Vote Underperform)
Total Votes:  710
MarketBeat's community ratings are surveys of what our community members think about First Republic Bank and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for First Republic Bank (NYSE:FRC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 8 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $104.50 (3.67% upside)

Analysts' Ratings History for First Republic Bank (NYSE:FRC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/15/2017Jefferies Group LLCReiterated RatingBuy$109.00MediumView Rating Details
9/1/2017Piper Jaffray CompaniesReiterated RatingHold$99.00LowView Rating Details
7/27/2017Keefe, Bruyette & WoodsReiterated RatingHold$90.00LowView Rating Details
7/16/2017BMO Capital MarketsReiterated RatingHold$96.00LowView Rating Details
7/14/2017Maxim GroupReiterated RatingBuy -> Buy$105.00 -> $110.00LowView Rating Details
7/12/2017Barclays PLCReiterated RatingEqual Weight$101.00 -> $110.00LowView Rating Details
7/7/2017Royal Bank Of CanadaReiterated RatingHold$98.00LowView Rating Details
7/6/2017Morgan StanleyReiterated RatingEqual Weight$102.00 -> $104.00MediumView Rating Details
6/27/2017WedbushReiterated RatingOutperform$121.00HighView Rating Details
4/18/2017Deutsche Bank AGBoost Price TargetHold$98.00 -> $101.00LowView Rating Details
2/2/2017JMP SecuritiesInitiated CoverageOutperform$111.00N/AView Rating Details
1/17/2017FBR & CoBoost Price TargetOutperform$100.00 -> $105.00N/AView Rating Details
1/9/2017Wells Fargo & CompanyDowngradeOutperform -> Market PerformN/AView Rating Details
7/17/2016J P Morgan Chase & CoReiterated RatingBuyN/AView Rating Details
5/8/2016Canaccord GenuityReiterated RatingBuyN/AView Rating Details
2/22/2016HSBC Holdings plcUpgradeHold -> BuyN/AView Rating Details
11/11/2015Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$75.00N/AView Rating Details
(Data available from 9/22/2015 forward)

Earnings

Earnings History for First Republic Bank (NYSE:FRC)
Earnings by Quarter for First Republic Bank (NYSE:FRC)
Earnings History by Quarter for First Republic Bank (NYSE FRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/11/2017N/AView Earnings Details
7/14/2017Q2 2017$1.09$1.06$671.27 million$641.30 millionViewN/AView Earnings Details
4/13/2017Q1 2017$1.01$1.01$626.14 million$601.14 millionViewN/AView Earnings Details
1/13/2017Q416$1.01$1.03$623.91 million$599.50 millionViewListenView Earnings Details
10/13/2016Q316$0.99$1.00$592.65 million$557.90 millionViewListenView Earnings Details
7/14/2016Q216$0.91$0.97$568.53 million$535.10 millionViewListenView Earnings Details
4/14/2016Q116$0.80$0.88$542.20 million$519.60 millionViewListenView Earnings Details
1/14/2016Q415$0.80$0.82$514.20 million$484.90 millionViewListenView Earnings Details
10/15/2015Q315$0.81$0.82$489.22 million$468.60 millionViewListenView Earnings Details
7/16/2015Q215$0.78$0.80$450.72 million$455.30 millionViewListenView Earnings Details
4/16/2015Q115$0.69$0.71$433.70 million$422.90 millionViewListenView Earnings Details
1/15/2015Q4$0.72$0.72$427.98 million$416.69 millionViewListenView Earnings Details
10/16/2014Q314$0.79$0.81$433.70 million$440.60 millionViewListenView Earnings Details
7/16/2014Q214$0.76$0.76$410.56 million$388.80 millionViewN/AView Earnings Details
4/16/2014Q114$0.64$0.73$395.92 millionViewListenView Earnings Details
1/16/2014Q413$0.75$0.66$326.24 million$371.00 millionViewListenView Earnings Details
10/15/2013Q313$0.76$0.75$319.20 million$361.80 millionViewListenView Earnings Details
7/17/2013Q2 2013$0.74$0.77$307.01 millionViewListenView Earnings Details
4/15/2013Q1 2013$0.73$0.72$316.45 millionViewListenView Earnings Details
1/16/2013Q4 2012$0.73$0.77$308.21 million$357.90 millionViewListenView Earnings Details
10/17/2012$0.68$0.72ViewN/AView Earnings Details
7/18/2012$0.59$0.60ViewN/AView Earnings Details
4/18/2012$0.61$0.67ViewN/AView Earnings Details
1/17/2012$0.67$0.68ViewN/AView Earnings Details
10/20/2011$0.60$0.66ViewN/AView Earnings Details
7/20/2011$0.61$0.64ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for First Republic Bank (NYSE:FRC)
2017 EPS Consensus Estimate: $4.50
2018 EPS Consensus Estimate: $5.45
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.99$1.03$1.01
Q2 20174$1.05$1.13$1.10
Q3 20174$1.11$1.18$1.15
Q4 20174$1.20$1.27$1.24
Q1 20183$1.17$1.33$1.23
Q2 20183$1.30$1.37$1.34
Q3 20183$1.34$1.45$1.40
Q4 20183$1.41$1.54$1.48
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for First Republic Bank (NYSE:FRC)
Most Recent Dividend:8/10/2017
Annual Dividend:$0.68
Dividend Yield:0.67%
Dividend Growth:20.50% (3 Year Average)
Payout Ratio:16.59% (Trailing 12 Months of Earnings)
15.25% (Based on This Year's Estimates)
12.83% (Based on Next Year's Estimates)
Track Record:4 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for First Republic Bank (NYSE:FRC)

Dividend History by Quarter for First Republic Bank (NYSE FRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/14/2017Quarterly$0.170.68%7/25/20177/27/20178/10/2017
4/13/2017quarterly$0.174/25/20174/27/20175/11/2017
1/13/2017quarterly$0.160.7%1/24/20171/26/20172/9/2017
10/13/2016quarterly$0.160.86%10/25/201610/27/201611/10/2016
7/14/2016quarterly$0.160.9%7/26/20167/28/20168/11/2016
4/14/2016quarterly$0.160.92%4/26/20164/28/20165/12/2016
1/15/2016quarterly$0.150.95%1/26/20161/28/20162/11/2016
10/16/2015quarterly$0.150.95%10/27/201510/29/201511/12/2015
7/16/2015quarterly$0.150.94%7/28/20157/30/20158/13/2015
4/17/2015quarterly$0.151.02%4/28/20154/30/20155/14/2015
1/15/2015quarterly$0.141.16%1/27/20151/29/20152/12/2015
10/16/2014quarterly$0.141.19%10/28/201410/30/201411/13/2014
7/16/2014quarterly$0.141.17%7/30/20148/1/20148/15/2014
4/16/2014quarterly$0.141.08%4/29/20145/1/20145/15/2014
1/16/2014quarterly$0.120.94%1/29/20141/31/20142/14/2014
10/15/2013quarterly$0.120.99%10/30/201311/1/201311/15/2013
7/17/2013quarterly$0.121.15%7/30/20138/1/20138/15/2013
4/15/2013quarterly$0.121.27%4/29/20135/1/20135/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for First Republic Bank (NYSE:FRC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for First Republic Bank (NYSE:FRC)
Latest Headlines for First Republic Bank (NYSE:FRC)
Source:
DateHeadline
finance.yahoo.com logoFirst Republic Bank, Inc. breached its 50 day moving average in a Bullish Manner : FRC-US : September 21, 2017
finance.yahoo.com - September 21 at 6:55 PM
americanbankingnews.com logoComparing 1st Constitution Bancorp (NJ) (FCCY) and First Republic Bank (FRC)
www.americanbankingnews.com - September 20 at 8:08 AM
nasdaq.com logoFirst Week of FRC May 2018 Options Trading
www.nasdaq.com - September 19 at 6:47 PM
finance.yahoo.com logoSequoia Mortgage Trust 2017-CH1 -- Moody's upgrades provisional ratings on two classes of certificates and assigns new provisional ratings to certificates to be issued by Sequoia Mortgage Trust 2017-CH1
finance.yahoo.com - September 18 at 8:32 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - September 18 at 10:16 AM
americanbankingnews.com logoFirst Republic Bank's (FRC) "Buy" Rating Reaffirmed at Jefferies Group LLC
www.americanbankingnews.com - September 16 at 4:38 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Expected to Post Quarterly Sales of $687.58 Million
www.americanbankingnews.com - September 16 at 9:10 AM
nasdaq.com logoFirst Republic Bank's Series C Preferred Stock Yield Pushes Past 5.5%
www.nasdaq.com - September 15 at 7:23 PM
finance.yahoo.com logoMotus Selects Gradifi to Expand its Student Loan Repayment Program
finance.yahoo.com - September 15 at 7:23 PM
americanbankingnews.com logoZacks: Brokerages Expect First Republic Bank (FRC) Will Post Earnings of $1.17 Per Share
www.americanbankingnews.com - September 14 at 10:20 PM
nasdaq.com logoFirst Republic Bank's 7.00% Noncumulative Perpetual Series E Preferred Stock About To Put More Money In Your Pocket
www.nasdaq.com - September 13 at 11:12 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - September 13 at 10:40 AM
seekingalpha.com logoFirst Republic Bank (FRC) Presents At Barclays 2017 Global Financial Services Conference - Slideshow
seekingalpha.com - September 12 at 7:38 PM
businesswire.com logoTwo Wealth Managers from UBS Join First Republic | Business Wire - Business Wire (press release)
www.businesswire.com - September 12 at 12:33 AM
finance.yahoo.com logoTwo Wealth Managers from UBS Join First Republic
finance.yahoo.com - September 11 at 7:25 PM
seekingalpha.com logoFirst Republic Bank: What's Driving The Surge In The Stock
seekingalpha.com - September 8 at 7:15 PM
finance.yahoo.com logoMoody's assigns provisional ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-CH1
finance.yahoo.com - September 6 at 6:43 PM
businesswire.com logoFirst Republic Bank Declares Dividends on Six Series of Perpetual Preferred Stock for Third Quarter 2017 - Business Wire (press release)
www.businesswire.com - September 2 at 12:12 AM
finance.yahoo.com logoFirst Republic Bank Declares Dividends on Six Series of Perpetual Preferred Stock for Third Quarter 2017
finance.yahoo.com - September 1 at 7:09 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Rating Reiterated by Piper Jaffray Companies
www.americanbankingnews.com - September 1 at 3:26 PM
bizjournals.com logoExclusive: Rare East Oakland housing starts construction in historic church
www.bizjournals.com - September 1 at 4:53 AM
finance.yahoo.com logo170 Firms Now Working with Gradifi to Offer a Student Loan Repayment Benefit to Their Employees
finance.yahoo.com - August 30 at 8:12 PM
businesswire.com logoFirst Republic Bank To Present at the Barclays Global Financial Services Conference - Business Wire (press release)
www.businesswire.com - August 29 at 7:17 PM
finance.yahoo.com logoFirst Republic Bank To Present at the Barclays Global Financial Services Conference
finance.yahoo.com - August 28 at 6:31 PM
finance.yahoo.com logoFirst Republic Bank, Inc. : FRC-US: Dividend Analysis : July 27th, 2017 (record date) : By the numbers : August 28, 2017
finance.yahoo.com - August 28 at 6:31 PM
americanbankingnews.com logoZacks: Analysts Anticipate First Republic Bank (FRC) Will Announce Earnings of $1.17 Per Share
www.americanbankingnews.com - August 27 at 10:26 AM
finance.yahoo.com logoFirst Republic Bank, Inc. – Value Analysis (NYSE:FRC) : August 23, 2017
finance.yahoo.com - August 24 at 2:41 AM
seekingalpha.com logoFirst Republic Bank's Stock May Be Too Rich For The Market To Handle
seekingalpha.com - August 21 at 6:16 PM
americanbankingnews.com logoBidaskClub Lowers First Republic Bank (FRC) to Strong Sell
www.americanbankingnews.com - August 19 at 6:28 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - August 19 at 10:50 AM
finance.yahoo.com logoGradifi Earns ISO 27001 Certification; Affirms Commitment to Safeguarding User Data
finance.yahoo.com - August 16 at 6:53 PM
finance.yahoo.com logoFirst Republic's Revenue Growth on Track, Higher Costs a Woe - Yahoo Finance
finance.yahoo.com - August 14 at 7:08 PM
finance.yahoo.com logoFirst Republic Bank, Inc. breached its 50 day moving average in a Bearish Manner : FRC-US : August 11, 2017
finance.yahoo.com - August 11 at 7:15 PM
finance.yahoo.com logoMoody's assigns provisional ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-6
finance.yahoo.com - August 11 at 1:09 AM
finance.yahoo.com logoFirst Republic Bank -- Moody's affirms First Republic Bank's SQ2- prime servicer quality assessment
finance.yahoo.com - August 10 at 8:07 PM
americanbankingnews.com logo$687.58 Million in Sales Expected for First Republic Bank (NYSE:FRC) This Quarter
www.americanbankingnews.com - August 10 at 8:48 AM
finance.yahoo.com logoFirst Republic Bank -- Moody's affirms First Republic Bank's prime jumbo originator assessment as Strong
finance.yahoo.com - August 3 at 12:42 AM
finance.yahoo.com logoSequoia Mortgage Trust 2017-5 -- Moody's assigns definitive ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-5
finance.yahoo.com - July 28 at 8:54 PM
finance.yahoo.com logo10 More Firms Using Gradifi’s Student Loan Repayment Program
finance.yahoo.com - July 25 at 7:01 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 25 at 11:03 AM
nasdaq.com logoFIRST REPUBLIC BANK (FRC) Ex-Dividend Date Scheduled for July 25, 2017 - Nasdaq
www.nasdaq.com - July 24 at 8:15 PM
americanbankingnews.com logoZacks: Analysts Expect FIRST REPUBLIC BANK (FRC) Will Post Quarterly Sales of $687.58 Million
www.americanbankingnews.com - July 21 at 2:05 PM
americanbankingnews.com logoFY2017 EPS Estimates for First Republic Bank Raised by Analyst (FRC)
www.americanbankingnews.com - July 20 at 10:34 AM
americanbankingnews.com logoFY2018 Earnings Forecast for FIRST REPUBLIC BANK (FRC) Issued By Jefferies Group
www.americanbankingnews.com - July 19 at 1:56 PM
nasdaq.com logoAnalyst Actions: BMO Capital Trims First Republic Bank PT to $96 Following Q2 EPS Miss, Keeps Market Perform - Nasdaq
www.nasdaq.com - July 17 at 7:40 PM
nasdaq.com logoFirst Republic (FRC) Misses Q2 Earnings on Higher Expenses - Nasdaq
www.nasdaq.com - July 17 at 7:40 PM
finance.yahoo.com logoEdited Transcript of FRC earnings conference call or presentation 14-Jul-17 2:00pm GMT
finance.yahoo.com - July 17 at 11:52 AM
finance.yahoo.com logoFirst Republic (FRC) Misses Q2 Earnings on Higher Expenses
finance.yahoo.com - July 17 at 11:52 AM
americanbankingnews.com logoFIRST REPUBLIC BANK (FRC) Announces $0.17 Quarterly Dividend
www.americanbankingnews.com - July 17 at 10:32 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Downgraded by BidaskClub to Hold
www.americanbankingnews.com - July 16 at 2:20 PM

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Chart

First Republic Bank (FRC) Chart for Friday, September, 22, 2017

This page was last updated on 9/22/2017 by MarketBeat.com Staff