About First Republic Bank (NYSE:FRC)
First 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: $15.25 billion
- Outstanding Shares: 157,756,000
Average Prices:- 50 Day Moving Avg: $99.63
- 200 Day Moving Avg: $97.34
- 52 Week Range: $72.43 - $105.52
P/E:- Trailing P/E Ratio: 23.58
- Foreward P/E Ratio: 18.81
- P/E Growth: 1.52
Sales & Book Value:- Annual Revenue: $2.34 billion
- Price / Sales: 6.52
- Book Value: $39.76 per share
- Price / Book: 2.43
Dividend:- Annual Dividend: $0.68
- Dividend Yield: 0.7%
Profitability:- Net Margins: 26.85%
- Return on Equity: 12.06%
- Return on Assets: 0.94%
Debt:- Debt-to-Equity Ratio: 1.55%
- Current Ratio: 0.95%
- Quick Ratio: 0.94%
Misc:- Average Volume: 671,019 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 declared a quarterly dividend on Monday, October 16th. Shareholders of record on Thursday, October 26th will be given a dividend of $0.17 per share on Thursday, November 9th. This represents a $0.68 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, October 25th. View First Republic Bank's Dividend History.
How were First Republic Bank's earnings last quarter?
First Republic Bank (NYSE:FRC) released its quarterly earnings results on Friday, October, 13th. The company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by $0.02. The company earned $670.30 million during the quarter, compared to the consensus estimate of $678.25 million. First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. First Republic Bank's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. View First Republic Bank's Earnings History.
When will First Republic Bank make its next earnings announcement?
Where is First Republic Bank's stock going? Where will First Republic Bank's stock price be in 2017?
14 equities research analysts have issued twelve-month price targets for First Republic Bank's shares. Their predictions range from $87.00 to $121.00. On average, they expect First Republic Bank's stock price to reach $103.57 in the next twelve months. View Analyst Ratings for First Republic Bank.
Who are some of First Republic Bank's key competitors?
Some companies that are related to First Republic Bank include Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX), Zions Bancorporation (ZION), BOK Financial Corporation (BOKF), Western Alliance Bancorporation (WAL), Pinnacle Financial Partners (PNFP), F.N.B. Corporation (FNB), Prosperity Bancshares (PB), IBERIABANK Corporation (IBKC), Texas Capital Bancshares (TCBI), First Hawaiian (FHB), Hancock Holding Company (HBHC), MB Financial (MBFI), Chemical Financial Corporation (CHFC), UMB Financial Corporation (UMBF), Associated Banc-Corp (ASB) and Home BancShares (HOMB).
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
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 $96.66.
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 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.
Consensus Ratings for First Republic Bank (NYSE:FRC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 8 Hold Ratings, 6 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.43) |
| Consensus Price Target: | $103.57 (7.15% upside) |
Consensus Price Target History for First Republic Bank (NYSE:FRC)
Analysts' Ratings History for First Republic Bank (NYSE:FRC)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/16/2017 | Barclays PLC | Set Price Target | Hold | $104.00 -> $102.00 | N/A |  |
| 10/16/2017 | Raymond James Financial, Inc. | Lower Price Target | Outperform | $108.00 -> $105.00 | N/A | |
| 10/16/2017 | Wells Fargo & Company | Lower Price Target | Market Perform | $100.00 -> $95.00 | N/A | |
| 10/16/2017 | BMO Capital Markets | Lower Price Target | Market Perform | $96.00 -> $92.00 | N/A | |
| 10/15/2017 | Piper Jaffray Companies | Set Price Target | Hold | $99.00 | N/A | |
| 10/13/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Hold | $87.00 | N/A | |
| 9/29/2017 | Royal Bank Of Canada | Reiterated Rating | Neutral -> Hold | | Low | |
| 9/29/2017 | Jefferies Group LLC | Boost Price Target | Buy | $109.00 -> $120.00 | Medium | |
| 7/14/2017 | Maxim Group | Reiterated Rating | Buy -> Buy | $105.00 -> $110.00 | Low | |
| 7/6/2017 | Morgan Stanley | Reiterated Rating | Equal Weight | $102.00 -> $104.00 | Medium | |
| 6/27/2017 | Wedbush | Reiterated Rating | Outperform | $121.00 | High | |
| 4/18/2017 | Deutsche Bank AG | Boost Price Target | Hold | $98.00 -> $101.00 | Low | |
| 2/2/2017 | JMP Securities | Initiated Coverage | Outperform | $111.00 | N/A | |
| 1/17/2017 | FBR & Co | Boost Price Target | Outperform | $100.00 -> $105.00 | N/A | |
| 7/17/2016 | J P Morgan Chase & Co | Reiterated Rating | Buy | | N/A | |
| 5/8/2016 | Canaccord Genuity | Reiterated Rating | Buy | | N/A | |
| 2/22/2016 | HSBC Holdings plc | Upgrade | Hold -> Buy | | N/A | |
(Data available from 10/16/2015 forward)
Earnings History for First Republic Bank (NYSE:FRC)Earnings History by Quarter for First Republic Bank (NYSE FRC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 1/11/2018 | | | | | | | N/A | |
| 10/13/2017 | Q3 2017 | $1.16 | $1.14 | $678.25 million | $670.30 million | View | N/A | |
| 7/14/2017 | Q2 2017 | $1.09 | $1.06 | $671.27 million | $641.30 million | View | N/A | |
| 4/13/2017 | Q1 2017 | $1.01 | $1.01 | $626.14 million | $601.14 million | View | N/A | |
| 1/13/2017 | Q416 | $1.01 | $1.03 | $623.91 million | $599.50 million | View | Listen | |
| 10/13/2016 | Q316 | $0.99 | $1.00 | $592.65 million | $557.90 million | View | Listen | |
| 7/14/2016 | Q216 | $0.91 | $0.97 | $568.53 million | $535.10 million | View | Listen | |
| 4/14/2016 | Q116 | $0.80 | $0.88 | $542.20 million | $519.60 million | View | Listen | |
| 1/14/2016 | Q415 | $0.80 | $0.82 | $514.20 million | $484.90 million | View | Listen | |
| 10/15/2015 | Q315 | $0.81 | $0.82 | $489.22 million | $468.60 million | View | Listen | |
| 7/16/2015 | Q215 | $0.78 | $0.80 | $450.72 million | $455.30 million | View | Listen | |
| 4/16/2015 | Q115 | $0.69 | $0.71 | $433.70 million | $422.90 million | View | Listen | |
| 1/15/2015 | Q4 | $0.72 | $0.72 | $427.98 million | $416.69 million | View | Listen | |
| 10/16/2014 | Q314 | $0.79 | $0.81 | $433.70 million | $440.60 million | View | Listen | |
| 7/16/2014 | Q214 | $0.76 | $0.76 | $410.56 million | $388.80 million | View | N/A | |
| 4/16/2014 | Q114 | $0.64 | $0.73 | $395.92 million | | View | Listen | |
| 1/16/2014 | Q413 | $0.75 | $0.66 | $326.24 million | $371.00 million | View | Listen | |
| 10/15/2013 | Q313 | $0.76 | $0.75 | $319.20 million | $361.80 million | View | Listen | |
| 7/17/2013 | Q2 2013 | $0.74 | $0.77 | $307.01 million | | View | Listen | |
| 4/15/2013 | Q1 2013 | $0.73 | $0.72 | $316.45 million | | View | Listen | |
| 1/16/2013 | Q4 2012 | $0.73 | $0.77 | $308.21 million | $357.90 million | View | Listen | |
| 10/17/2012 | | $0.68 | $0.72 | | | View | N/A | |
| 7/18/2012 | | $0.59 | $0.60 | | | View | N/A | |
| 4/18/2012 | | $0.61 | $0.67 | | | View | N/A | |
| 1/17/2012 | | $0.67 | $0.68 | | | View | N/A | |
| 10/20/2011 | | $0.60 | $0.66 | | | View | N/A | |
| 7/20/2011 | | $0.61 | $0.64 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for First Republic Bank (NYSE:FRC)2017 EPS Consensus Estimate: $4.50
2018 EPS Consensus Estimate: $5.35
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.99 | $1.03 | $1.01 |
| Q2 2017 | 4 | $1.05 | $1.13 | $1.10 |
| Q3 2017 | 4 | $1.11 | $1.18 | $1.15 |
| Q4 2017 | 4 | $1.20 | $1.27 | $1.24 |
| Q1 2018 | 4 | $1.14 | $1.33 | $1.21 |
| Q2 2018 | 4 | $1.22 | $1.37 | $1.31 |
| Q3 2018 | 4 | $1.31 | $1.45 | $1.38 |
| Q4 2018 | 4 | $1.38 | $1.54 | $1.45 |
(Data provided by Zacks Investment Research)
Current Dividend Information for First Republic Bank (NYSE:FRC)| Next Dividend: | 11/9/2017 |
| Annual Dividend: | $0.68 |
| Dividend Yield: | 0.70% |
| Dividend Growth: | 20.50% (3 Year Average) |
| Payout Ratio: | 16.04% (Trailing 12 Months of Earnings)
15.45% (Based on This Year's Estimates)
13.23% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
Dividend History by Quarter for First Republic Bank (NYSE FRC)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/16/2017 | quarterly | $0.17 | 0.7% | 10/25/2017 | 10/26/2017 | 11/9/2017 |
| 7/14/2017 | Quarterly | $0.17 | 0.68% | 7/25/2017 | 7/27/2017 | 8/10/2017 |
| 4/13/2017 | quarterly | $0.17 | | 4/25/2017 | 4/27/2017 | 5/11/2017 |
| 1/13/2017 | quarterly | $0.16 | 0.7% | 1/24/2017 | 1/26/2017 | 2/9/2017 |
| 10/13/2016 | quarterly | $0.16 | 0.86% | 10/25/2016 | 10/27/2016 | 11/10/2016 |
| 7/14/2016 | quarterly | $0.16 | 0.9% | 7/26/2016 | 7/28/2016 | 8/11/2016 |
| 4/14/2016 | quarterly | $0.16 | 0.92% | 4/26/2016 | 4/28/2016 | 5/12/2016 |
| 1/15/2016 | quarterly | $0.15 | 0.95% | 1/26/2016 | 1/28/2016 | 2/11/2016 |
| 10/16/2015 | quarterly | $0.15 | 0.95% | 10/27/2015 | 10/29/2015 | 11/12/2015 |
| 7/16/2015 | quarterly | $0.15 | 0.94% | 7/28/2015 | 7/30/2015 | 8/13/2015 |
| 4/17/2015 | quarterly | $0.15 | 1.02% | 4/28/2015 | 4/30/2015 | 5/14/2015 |
| 1/15/2015 | quarterly | $0.14 | 1.16% | 1/27/2015 | 1/29/2015 | 2/12/2015 |
| 10/16/2014 | quarterly | $0.14 | 1.19% | 10/28/2014 | 10/30/2014 | 11/13/2014 |
| 7/16/2014 | quarterly | $0.14 | 1.17% | 7/30/2014 | 8/1/2014 | 8/15/2014 |
| 4/16/2014 | quarterly | $0.14 | 1.08% | 4/29/2014 | 5/1/2014 | 5/15/2014 |
| 1/16/2014 | quarterly | $0.12 | 0.94% | 1/29/2014 | 1/31/2014 | 2/14/2014 |
| 10/15/2013 | quarterly | $0.12 | 0.99% | 10/30/2013 | 11/1/2013 | 11/15/2013 |
| 7/17/2013 | quarterly | $0.12 | 1.15% | 7/30/2013 | 8/1/2013 | 8/15/2013 |
| 4/15/2013 | quarterly | $0.12 | 1.27% | 4/29/2013 | 5/1/2013 | 5/15/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for First Republic Bank (NYSE:FRC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for First Republic Bank (NYSE:FRC)
Latest Headlines for First Republic Bank (NYSE:FRC)
| Source: |
|
| Date | Headline |
|---|
 | First Republic Bank (FRC) Fell To A 1-Month Low After Q3 Miss
www.rttnews.com - October 16 at 7:10 PM |
 | First Republic Bank, Inc. breached its 50 day moving average in a Bearish Manner : FRC-US : October 16, 2017
finance.yahoo.com - October 16 at 7:10 PM |
| First Republic (FRC) Misses on Q3 Earnings, Shares Drop 7.1%
finance.yahoo.com - October 16 at 7:10 PM |
 | First Republic Bank (FRC) Announces $0.17 Quarterly Dividend
www.americanbankingnews.com - October 16 at 6:20 PM |
| First Republic Bank (FRC) PT Lowered to $105.00 at Raymond James Financial, Inc.
www.americanbankingnews.com - October 16 at 3:32 PM |
| First Republic Bank (FRC) Price Target Cut to $102.00
www.americanbankingnews.com - October 16 at 3:32 PM |
| First Republic Bank (FRC) Price Target Cut to $95.00
www.americanbankingnews.com - October 16 at 12:58 PM |
| First Republic Bank (FRC) Price Target Cut to $92.00 by Analysts at BMO Capital Markets
www.americanbankingnews.com - October 16 at 9:52 AM |
| First Republic Bank's (FRC) Hold Rating Reiterated at Keefe, Bruyette & Woods
www.americanbankingnews.com - October 14 at 11:42 AM |
| Edited Transcript of FRC earnings conference call or presentation 13-Oct-17 2:00pm GMT
finance.yahoo.com - October 14 at 2:30 AM |
 | Midday Update: Stocks Bolstered by Upbeat Consumer Sentiment, Retail Sales - Nasdaq
www.nasdaq.com - October 13 at 9:27 PM |
| Financial Sector Update for 10/13/2017: FRC,OHI,BCRH - Nasdaq
www.nasdaq.com - October 13 at 9:27 PM |
| First Republic Bank Q3 Profit Advances 20%
www.rttnews.com - October 13 at 4:25 PM |
 | First Republic Bank's (FRC) CEO Jim Herbert on Q3 2017 Results - Earnings Call Transcript
seekingalpha.com - October 13 at 4:25 PM |
| First Republic Reports Strong Third Quarter 2017 Results
finance.yahoo.com - October 13 at 4:24 PM |
| FIRST REPUBLIC BANK (FRC) Posts Earnings Results, Misses Estimates By $0.01 EPS
www.americanbankingnews.com - October 13 at 8:44 AM |
 | Earnings Scheduled For October 13, 2017 - Benzinga
www.benzinga.com - October 13 at 5:43 AM |
| Pre-Market Earnings Report for October 13, 2017 : WFC, BAC, PNC, FRC, FHN, DFRG - Nasdaq
www.nasdaq.com - October 13 at 5:43 AM |
| First Republic Bank (FRC) vs. The Competition Financial Comparison
www.americanbankingnews.com - October 11 at 6:20 PM |
| First Republic Bank to Post Q1 2018 Earnings of $1.14 Per Share, Jefferies Group Forecasts (FRC)
www.americanbankingnews.com - October 11 at 10:34 AM |
| 5 Big Banks with Awesome Earnings Charts - Nasdaq
www.nasdaq.com - October 10 at 9:32 PM |
 | Barclays Downgrades First Republic Bank (FRC) to Equalweight - StreetInsider.com
www.streetinsider.com - October 10 at 4:32 PM |
| Barclays Downgrades First Republic Bank (FRC) to Equalweight
www.streetinsider.com - October 10 at 4:32 PM |
| Analysts Offer Predictions for First Republic Bank's FY2019 Earnings (FRC)
www.americanbankingnews.com - October 10 at 2:14 PM |
| First Republic Bank's Series F Preferred Stock Crosses Above 5.5% Yield Territory
www.nasdaq.com - October 9 at 7:04 PM |
| ETFs with exposure to First Republic Bank, Inc. : October 9, 2017
finance.yahoo.com - October 9 at 7:04 PM |
| First Republic Bank (FRC) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - October 8 at 10:44 AM |
 | Abbreviated Week on Markets
www.baystreet.ca - October 6 at 7:16 PM |
| First Republic Bank's Series D Preferred Stock Crosses Above 5.5% Yield Territory
www.nasdaq.com - October 6 at 7:16 PM |
| Sequoia Mortgage Trust 2017-7 -- Moody's assigns definitive ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-7
finance.yahoo.com - October 6 at 7:16 PM |
| First Republic Bank (FRC) to Release Earnings on Friday
www.americanbankingnews.com - October 6 at 1:03 AM |
| $687.58 Million in Sales Expected for FIRST REPUBLIC BANK (FRC) This Quarter
www.americanbankingnews.com - October 5 at 3:58 AM |
| First Republic Bank, Inc. :FRC-US: Earnings Analysis: Q2, 2017 By the Numbers : September 28, 2017
finance.yahoo.com - October 2 at 2:25 PM |
| ETFs with exposure to First Republic Bank, Inc. : September 29, 2017
finance.yahoo.com - October 2 at 2:25 PM |
| Sequoia Mortgage Trust 2017-CH1 -- Moody's assigns definitive ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-CH1
finance.yahoo.com - October 2 at 2:25 PM |
| Stocks Make Record Highs; Why These 3 Homebuilders Hit Buy Points - Nasdaq
www.nasdaq.com - September 30 at 8:07 AM |
| FIRST REPUBLIC BANK's (FRC) "Hold" Rating Reiterated at Royal Bank Of Canada
www.americanbankingnews.com - September 30 at 6:46 AM |
 | 200 Firms Nationwide Now Working With Gradifi To Offer A Student Loan Repayment Benefit To Their Employees
www.thestreet.com - September 29 at 7:43 PM |
| First Republic Bank (FRC) PT Raised to $120 at Jefferies - StreetInsider.com
www.streetinsider.com - September 29 at 2:36 PM |
| Jefferies Group LLC Boosts First Republic Bank (FRC) Price Target to $120.00
www.americanbankingnews.com - September 29 at 9:08 AM |
 | First Republic Bank Announces Third Quarter 2017 Earnings and Conference Call Date - Business Wire (press release)
www.businesswire.com - September 27 at 11:17 PM |
 | First Republic Bank Announces Third Quarter 2017 Earnings and Conference Call Date
www.marketwatch.com - September 27 at 6:17 PM |
| First 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 |
| Comparing 1st Constitution Bancorp (NJ) (FCCY) and First Republic Bank (FRC)
www.americanbankingnews.com - September 20 at 8:08 AM |
| First Week of FRC May 2018 Options Trading
www.nasdaq.com - September 19 at 6:47 PM |
| Sequoia 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 |
| First Republic Bank's (FRC) "Buy" Rating Reaffirmed at Jefferies Group LLC
www.americanbankingnews.com - September 16 at 4:38 PM |
| First Republic Bank (FRC) Expected to Post Quarterly Sales of $687.58 Million
www.americanbankingnews.com - September 16 at 9:10 AM |
| First Republic Bank's Series C Preferred Stock Yield Pushes Past 5.5%
www.nasdaq.com - September 15 at 7:23 PM |
| Motus Selects Gradifi to Expand its Student Loan Repayment Program
finance.yahoo.com - September 15 at 7:23 PM |
First Republic Bank (FRC) Chart for Monday, October, 16, 2017
