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: $15.29034 billion
  • Outstanding Shares: 157,240,000
Average Prices:
  • 50 Day Moving Avg: $94.76
  • 200 Day Moving Avg: $93.36
  • 52 Week Range: $63.97 - $101.99
P/E:
  • Trailing P/E Ratio: 24.72
  • Foreward P/E Ratio: 18.52
  • P/E Growth: 1.40
Sales & Book Value:
  • Annual Revenue: $2.24 billion
  • Price / Sales: 6.96
  • Book Value: $39.13 per share
  • Price / Book: 2.53
Dividend:
  • Annual Dividend: $0.68
  • Dividend Yield: 0.7%
Profitability:
  • Net Margins: 27.99%
  • Return on Equity: 12.16%
  • Return on Assets: 0.96%
Debt:
  • Debt-to-Equity Ratio: 1.15%
  • Current Ratio: 0.92%
  • Quick Ratio: 0.92%
Misc:
  • Average Volume: 1.01 million shs.
  • Beta: 1.02
  • Short Ratio: 3.87
 

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 Thursday, April 13th. Investors of record on Thursday, April 27th will be given a dividend of $0.17 per share on Thursday, May 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, April 25th. This is a boost from FIRST REPUBLIC BANK's previous quarterly dividend of $0.16. View FIRST REPUBLIC BANK's Dividend History.

How were FIRST REPUBLIC BANK's earnings last quarter?

FIRST REPUBLIC BANK (NYSE:FRC) posted its quarterly earnings data on Thursday, April, 13th. The company reported $1.01 earnings per share for the quarter, hitting analysts' consensus estimates of $1.01. The business had revenue of $601.14 million for the quarter, compared to analysts' expectations of $626.14 million. FIRST REPUBLIC BANK had a return on equity of 12.16% and a net margin of 27.99%. During the same period last year, the business posted $0.88 earnings per share. 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 Wednesday, July, 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 equities research analysts have issued 12 month target prices for FIRST REPUBLIC BANK's shares. Their forecasts range from $83.00 to $111.00. On average, they expect FIRST REPUBLIC BANK's share price to reach $99.17 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 a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.79%), BlackRock Inc. (6.26%), Baillie Gifford & Co. (4.65%), JPMorgan Chase & Co. (3.79%), State Street Corp (3.17%) and FMR LLC (2.77%). 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., Harding Loevner LP, Goldman Sachs Group Inc., IronBridge Capital Management LP, FMR LLC, Marshall Wace LLP, Public Employees Retirement Association of Colorado and UBS Asset Management Americas Inc.. 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., JPMorgan Chase & Co., Vanguard Group Inc., WCM Investment Management CA, C WorldWide Group Holding A S and Renaissance Technologies LLC. 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 $99.10.


MarketBeat Community Rating for FIRST REPUBLIC BANK (NYSE FRC)
Community Ranking:  2.4 out of 5 ( )
Outperform Votes:  295 (Vote Outperform)
Underperform Votes:  323 (Vote Underperform)
Total Votes:  618
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: 7 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.46)
Consensus Price Target: $99.17 (0.07% upside)

Analysts' Ratings History for FIRST REPUBLIC BANK (NYSE:FRC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/11/2017Jefferies Group LLCReiterated RatingBuy$109.00LowView Rating Details
6/6/2017Morgan StanleyLower Price TargetEqual Weight$102.00 -> $98.00MediumView Rating Details
5/26/2017Keefe, Bruyette & WoodsSet Price TargetHold$90.00N/AView Rating Details
5/26/2017BMO Capital MarketsReiterated RatingHold$97.00LowView Rating Details
4/19/2017Barclays PLCBoost Price TargetOverweight$100.00 -> $101.00LowView Rating Details
4/18/2017Deutsche Bank AGBoost Price TargetHold$98.00 -> $101.00LowView Rating Details
4/17/2017Piper Jaffray CompaniesLower Price TargetNeutral$97.00 -> $92.00LowView Rating Details
3/10/2017Royal Bank Of CanadaBoost Price TargetSector Perform -> Sector Perform$95.00 -> $98.00LowView Rating Details
2/2/2017JMP SecuritiesInitiated CoverageOutperform$111.00N/AView Rating Details
1/17/2017Maxim GroupBoost Price TargetBuy$100.00 -> $105.00N/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
7/17/2016JPMorgan Chase & Co.Reiterated 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 6/26/2015 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
7/12/2017        
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: $5.43
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.99$1.03$1.01
Q2 20173$1.07$1.13$1.10
Q3 20173$1.11$1.18$1.15
Q4 20173$1.21$1.27$1.23
Q1 20182$1.20$1.33$1.27
Q2 20182$1.30$1.37$1.34
Q3 20182$1.34$1.42$1.38
Q4 20182$1.41$1.48$1.45
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for FIRST REPUBLIC BANK (NYSE:FRC)
Most Recent Dividend:5/11/2017
Annual Dividend:$0.68
Dividend Yield:0.69%
Dividend Growth:20.50% (3 Year Average)
Payout Ratio:16.96% (Trailing 12 Months of Earnings)
15.08% (Based on This Year's Estimates)
12.71% (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
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
americanbankingnews.com logoZacks Investment Research Upgrades FIRST REPUBLIC BANK (FRC) to Hold
www.americanbankingnews.com - June 25 at 3:38 PM
americanbankingnews.com logo Brokerages Expect FIRST REPUBLIC BANK (FRC) Will Post Quarterly Sales of $655.82 Million
www.americanbankingnews.com - June 25 at 8:34 AM
businesswire.com logoTwo Senior Wealth Managers From UBS Join First Republic - Business Wire (press release)
www.businesswire.com - June 23 at 11:03 PM
finance.yahoo.com logoTwo Senior Wealth Managers From UBS Join First Republic
finance.yahoo.com - June 23 at 5:59 PM
americanbankingnews.com logo$1.09 Earnings Per Share Expected for First Republic Bank (FRC) This Quarter
www.americanbankingnews.com - June 23 at 4:52 PM
businesswire.com logoFirst Republic Bank Releases Results of 2017 Dodd-Frank Act Company-Run Capital Stress Test - Business Wire (press release)
www.businesswire.com - June 22 at 5:58 PM
finance.yahoo.com logoFirst Republic Bank Releases Results of 2017 Dodd-Frank Act Company-Run Capital Stress Test
finance.yahoo.com - June 22 at 5:58 PM
nasdaq.com logoFirst Republic Bank's Series E Preferred Stock Crosses Above 6.5% Yield Territory
www.nasdaq.com - June 15 at 7:27 PM
finance.yahoo.com logoETFs with exposure to First Republic Bank, Inc. : June 13, 2017
finance.yahoo.com - June 13 at 5:05 PM
nasdaq.com logoFRC Crosses Above Average Analyst Target - Nasdaq
www.nasdaq.com - June 11 at 10:36 PM
americanbankingnews.com logoFirst Republic Bank's (FRC) Buy Rating Reaffirmed at Jefferies Group LLC
www.americanbankingnews.com - June 11 at 7:32 AM
americanbankingnews.com logoBidaskClub Upgrades First Republic Bank (FRC) to Hold
www.americanbankingnews.com - June 10 at 8:34 PM
finance.yahoo.com logoFirst Republic Bank Declares Dividends on Six Series of Perpetual Preferred Stock for Second Quarter 2017
finance.yahoo.com - June 9 at 10:26 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Expected to Earn Q4 2017 Earnings of $1.27 Per Share
www.americanbankingnews.com - June 8 at 9:38 AM
finance.yahoo.com logoGradifi Partners With Peloton to Offer Employee Student Loan Repayment Benefit
finance.yahoo.com - June 8 at 9:25 AM
americanbankingnews.com logoQ3 2017 EPS Estimates for First Republic Bank (FRC) Cut by Analyst
www.americanbankingnews.com - June 7 at 8:28 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Downgraded by Zacks Investment Research to Sell
www.americanbankingnews.com - June 6 at 10:26 PM
americanbankingnews.com logoFirst Republic Bank's (FRC) "Equal Weight" Rating Reaffirmed at Morgan Stanley
www.americanbankingnews.com - June 6 at 9:51 AM
barrons.com logoTime to Buy the Banks? Maybe! - Barron's
www.barrons.com - June 5 at 5:22 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - June 5 at 9:15 AM
finance.yahoo.com logoAs JPMorgan, BofA Struggle, This Regional Bank Tries To Move Up
finance.yahoo.com - June 2 at 6:36 PM
businesswire.com logoFirst Republic Announces Pricing of $500,000,000 Senior Notes ... - Business Wire (press release)
www.businesswire.com - June 1 at 11:04 PM
finance.yahoo.com logoBank stocks 'are even more treacherous than you think,' top analyst Dick Bove says
finance.yahoo.com - June 1 at 6:03 PM
americanbankingnews.com logoZacks: Brokerages Anticipate First Republic Bank (FRC) Will Post Quarterly Sales of $655.65 Million
www.americanbankingnews.com - June 1 at 11:18 AM
businesswire.com logoFirst Republic Bank Announces Pricing of $200 Million Series H Preferred Stock Offering
www.businesswire.com - May 31 at 10:16 PM
finance.yahoo.com logoFirst Republic Bank Announces Pricing of $200 Million Series H Preferred Stock Offering
finance.yahoo.com - May 31 at 10:16 PM
finance.yahoo.com logoFirst Republic Announces Series H Preferred Stock Offering
finance.yahoo.com - May 31 at 5:13 PM
finance.yahoo.com logoFirst Republic Bank, Inc. :FRC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 31, 2017
finance.yahoo.com - May 31 at 9:17 AM
finance.yahoo.com logoFirst Republic Announces Pricing of $500,000,000 Senior Notes Offering
finance.yahoo.com - May 30 at 10:12 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Expected to Announce Earnings of $1.09 Per Share
www.americanbankingnews.com - May 30 at 12:20 PM
finance.yahoo.com logoFirst Republic Announces Senior Notes Offering
finance.yahoo.com - May 30 at 11:14 AM
americanbankingnews.com logoKeefe, Bruyette & Woods Analysts Give First Republic Bank (FRC) a $90.00 Price Target
www.americanbankingnews.com - May 27 at 8:24 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Stock Rating Reaffirmed by BMO Capital Markets
www.americanbankingnews.com - May 26 at 8:12 AM
finance.yahoo.com logoFirst Republic Bank, Inc. – Value Analysis (NYSE:FRC) : May 25, 2017
finance.yahoo.com - May 25 at 7:26 PM
businesswire.com logoGradifi Signs 20 More Companies For Its Student Loan Repayment Benefit - Business Wire (press release)
www.businesswire.com - May 24 at 12:07 PM
finance.yahoo.com logoFirst Republic Bank, Inc. breached its 50 day moving average in a Bullish Manner : FRC-US : May 24, 2017
finance.yahoo.com - May 24 at 12:07 PM
finance.yahoo.com logoGradifi Signs 20 More Companies For Its Student Loan Repayment Benefit
finance.yahoo.com - May 24 at 12:07 PM
nasdaq.com logoFirst Republic Bank's Series C Preferred Stock Shares Cross 5.5% Yield Mark
www.nasdaq.com - May 19 at 5:03 PM
businesswire.com logoFirst Republic Bank Issues Notice of Redemption of Series B Preferred Shares - Business Wire (press release)
www.businesswire.com - May 17 at 5:16 PM
finance.yahoo.com logoFirst Republic Bank Issues Notice of Redemption of Series B Preferred Shares
finance.yahoo.com - May 17 at 5:16 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Short Interest Up 73.0% in April
www.americanbankingnews.com - May 16 at 7:14 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Given Daily News Impact Score of 0.28
www.americanbankingnews.com - May 12 at 12:57 AM
businesswire.com logoFirst Republic Bank Extends Contract of Chairman and Founding CEO Jim Herbert - Business Wire (press release)
www.businesswire.com - May 11 at 10:56 PM
nasdaq.com logoFirst Republic Bank Extends CEO's Contract Through 2020
www.nasdaq.com - May 11 at 5:54 PM
finance.yahoo.com logoFirst Republic Bank Extends Contract of Chairman and Founding CEO Jim Herbert
finance.yahoo.com - May 10 at 5:25 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 9 at 9:24 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Given Buy Rating at Jefferies Group LLC
www.americanbankingnews.com - May 6 at 8:32 AM
americanbankingnews.com logo$649.3 Million in Sales Expected for First Republic Bank (FRC) This Quarter
www.americanbankingnews.com - May 6 at 8:22 AM
americanbankingnews.com logo Analysts Expect First Republic Bank (FRC) Will Announce Earnings of $1.09 Per Share
www.americanbankingnews.com - May 4 at 8:36 PM
finance.yahoo.com logoFirst Republic Bank, Inc. breached its 50 day moving average in a Bearish Manner : FRC-US : May 1, 2017
finance.yahoo.com - May 1 at 10:19 AM

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FIRST REPUBLIC BANK (FRC) Chart for Monday, June, 26, 2017

This page was last updated on 6/26/2017 by MarketBeat.com Staff