First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas in 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, passbook deposits, and individual retirement accounts, as well as certificates of deposit.
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Industry, Sector and Symbol
Industry Commercial banks, not elsewhere classified
Sub-IndustryRegional Banks
SectorFinance
Phone415-392-1400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.58 billion
Profitability
Miscellaneous
Employees4,480
Next Earnings Date10/11/2019 (Estimated)
OptionableOptionable
First Republic Bank (NYSE:FRC) Frequently Asked Questions
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 declared a quarterly dividend on Tuesday, July 16th. Shareholders of record on Thursday, July 25th will be given a dividend of $0.19 per share on Thursday, August 8th. This represents a $0.76 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, July 24th. 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 results on Tuesday, July, 16th. The bank reported $1.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.26 by $0.02. The bank earned $819.38 million during the quarter, compared to analyst estimates of $836.26 million. First Republic Bank had a net margin of 22.94% and a return on equity of 11.30%. During the same quarter last year, the firm earned $1.20 earnings per share. View First Republic Bank's Earnings History.
When is First Republic Bank's next earnings date?
What price target have analysts set for FRC?
12 analysts have issued 12-month price targets for First Republic Bank's stock. Their predictions range from $92.00 to $115.00. On average, they anticipate First Republic Bank's share price to reach $103.0891 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price. View Analyst Price Targets for First Republic Bank.
What is the consensus analysts' recommendation for First Republic Bank?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for First Republic Bank.
What are Wall Street analysts saying about First Republic Bank stock?
Here are some recent quotes from research analysts about First Republic Bank stock:
- 1. Maxim Group analysts commented, "2Q19 results included record loan originations and excellent credit quality. The NIM was down 12bps linked-quarter, but NIM compression is expected to slow materially. Wealth management fees were down due to departure of an advisor group, but expenses should be down similarly. We are lowering our 2020 EPS estimate to $5.65, from $6.00, and lowering our price target to $110, from $115. Our new price target equates to 19.5x (vs. 19.2x for our previous price target) our new 2020 EPS estimate, which is inline with other best-in-class Smid-Cap Banks." (7/17/2019)
- 2. According to Zacks Investment Research, "Shares of First Republic have outperformed the industry over the past six months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company's revenue growth is aided by rising loans and deposits balance. Notably, increasing loan originations are expected to support the company’s growth prospects over the long run. Further, a strong capital position keeps it well poised to undertake expansion moves. However, despite higher interest rates, decline in First Republic's net interest margin is a concern as it hurts interest income growth to some extent. Also, escalating costs owing to investments in digital initiatives might hurt its bottom-line expansion. Additionally, stretched valuation remain a headwind for the company." (7/5/2019)
Has First Republic Bank been receiving favorable news coverage?
News stories about FRC stock have trended somewhat negative on Tuesday, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Republic Bank earned a daily sentiment score of -1.3 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for First Republic Bank.
Who are some of First Republic Bank's key competitors?
Some companies that are related to First Republic Bank include BNP PARIBAS/S (BNPQY), ANZ (ANZBY), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), Lloyds Banking Group (LYG), HANG SENG BK LT/S (HSNGY), ING Groep (ING), ICICI Bank (IBN), Banco Santander Brasil (BSBR), Canadian Imperial Bank of Commerce (CM), Boc Hong Kong (BHKLY), Banco Bilbao Vizcaya Argentaria (BBVA), CR AGRICOLE S A/ADR (CRARY), OVERSEA-CHINESE/ADR (OVCHY) and Barclays (BCS).
What other stocks do shareholders of First Republic Bank own?
Who are First Republic Bank's key executives?
First Republic Bank's management team includes the folowing people:
- Mr. James H. Herbert II, Founder, Chairman & CEO (Age 75)
- Ms. Hafize Gaye Erkan, Pres & Director (Age 39)
- Mr. Michael J. Roffler, Exec. VP & CFO (Age 48)
- Mr. David B. Lichtman, Sr. EVP & Chief Credit Officer (Age 56)
- Mr. Michael D. Selfridge, Chief Banking Officer & Sr. EVP (Age 52)
Who are First Republic Bank's major shareholders?
First Republic Bank's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.67%), BlackRock Inc. (7.26%), BlackRock Inc. (7.26%), JPMorgan Chase & Co. (3.54%), Royal Bank of Canada (2.08%) and Parnassus Investments CA (2.06%).
Which institutional investors are selling First Republic Bank stock?
FRC stock was sold by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Parnassus Investments CA, Price T Rowe Associates Inc. MD, Bank of America Corp DE, Invesco Ltd., Mitsubishi UFJ Trust & Banking Corp, Public Employees Retirement System of Ohio and Bank of Nova Scotia.
Which institutional investors are buying First Republic Bank stock?
FRC stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Swedbank, BlackRock Inc., BlackRock Inc., Nomura Holdings Inc., Nomura Holdings Inc., Natixis and Natixis.
How do I buy shares of First Republic Bank?
Shares of FRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is First Republic Bank's stock price today?
One share of FRC stock can currently be purchased for approximately $94.95.
How big of a company is First Republic Bank?
First Republic Bank has a market capitalization of $15.97 billion and generates $3.58 billion in revenue each year. The bank earns $853.83 million in net income (profit) each year or $4.81 on an earnings per share basis. First Republic Bank employs 4,480 workers across the globe.View Additional Information About First Republic Bank.
What is First Republic Bank's official website?
How can I contact First Republic Bank?
First Republic Bank's mailing address is 111 Pine Street 2nd Floor, San Francisco CA, 94111. The bank can be reached via phone at 415-392-1400 or via email at [email protected]
MarketBeat Community Rating for First Republic Bank (NYSE FRC)
MarketBeat's community ratings are surveys of what our community members think about First Republic Bank and other stocks. Vote "Outperform" if you believe FRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
