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
Industry BANKS & THRIFTS
Trailing P/E Ratio22.42
Forward P/E Ratio20.42
Sales & Book Value
Annual Sales$2.91 billion
Price / Sales5.24
Cash Flow$4.94 per share
Price / Cash19.59
Book Value$43.28 per share
Price / Book2.24
Net Income$757.66 million
Return on Equity11.80%
Return on Assets0.92%
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 announced a quarterly dividend on Tuesday, January 16th. Investors of record on Thursday, January 25th will be given a dividend of $0.17 per share on Thursday, February 8th. This represents a $0.68 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, January 24th. View First Republic Bank's Dividend History.
How were First Republic Bank's earnings last quarter?
First Republic Bank (NYSE:FRC) issued its earnings results on Tuesday, January, 16th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by $0.05. The bank had revenue of $699.20 million for the quarter, compared to analysts' expectations of $688.48 million. First Republic Bank had a net margin of 26.02% and a return on equity of 11.80%. First Republic Bank's revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. 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 2018?
13 brokerages have issued 12 month target prices for First Republic Bank's stock. Their forecasts range from $92.00 to $121.00. On average, they anticipate First Republic Bank's share price to reach $102.85 in the next year. 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. According to Zacks Investment Research, "Shares of First Republic have underperformed the industry over the last six months. Also, its earnings surprise history is not impressive. The bank missed the Zacks Consensus Estimate in three of the trailing four quarters. The company’s fourth-quarter 2017 results disappointed on rising costs and provisions. Despite rising rates, net interest margin also declined. However, a considerable rise in loans and deposit balances were recorded aiding high revenues. Though the company remains well positioned for growth, given its simpler business model and non-engagement in additional businesses, escalating costs owing to investments in digital initiatives are expected to hurt the bank’s bottom-line growth further. Additionally, First Republic’s stretched valuation indicates limited upside potential for the stock." (1/22/2018)
- 2. Maxim Group analysts commented, "In 4Q17, FRC issued 2.875 million shares of common stock. Effective January 1, 2018, the new tax law lowered the corporate tax rate to 21%, from 35%." (1/4/2018)
Who are some of First Republic Bank's key competitors?
Some companies that are related to First Republic Bank include Regions Financial (RF), Citizens Financial Group (CFG), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorp (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Cullen/Frost Bankers (CFR), New York Community Bancorp (NYCB), People's United Financial (PBCT), Bank Of The Ozarks (OZRK), PacWest Bancorp (PACW), BOK Financial (BOKF), Commerce Bancshares (CBSH), First Horizon National (FHN), Western Alliance Bancorporation (WAL), Synovus Financial (SNV) and Sterling Bancorp (STL).
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 (Age 72)
- Katherine August-deWilde, Vice Chairman of the Board (Age 69)
- Michael J. Roffler, Chief Financial Officer, Executive Vice President (Age 46)
- 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 (Age 47)
- Mollie M. Richardson, Executive Vice President, Chief Administrative Officer and Chief People Officer (Age 38)
- Hafize Gaye Erkan, Executive Vice President and Chief Deposit Officer and Chief Investment Officer (Age 37)
- Dale A. Smith, Executive Vice President, Chief Information Officer
Has First Republic Bank been receiving favorable news coverage?
News articles about FRC stock have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Republic Bank earned a news impact score of 0.17 on Accern's scale. They also gave media coverage about the bank an impact score of 45.34 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are First Republic Bank's major shareholders?
First Republic Bank's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.89%), Standard Life Aberdeen plc (2.79%), C WorldWide Group Holding A S (2.06%), Goldman Sachs Group Inc. (1.39%), Wells Fargo & Company MN (1.12%) and Virtus Fund Advisers LLC (0.78%). View Institutional Ownership Trends for First Republic Bank.
Which major investors are selling First Republic Bank stock?
FRC stock was sold by a variety of institutional investors in the last quarter, including Aristotle Capital Management LLC, Allianz Asset Management GmbH, KAMES CAPITAL plc, Thrivent Financial For Lutherans, Mackenzie Financial Corp, Jennison Associates LLC, Gilder Gagnon Howe & Co. LLC and OppenheimerFunds Inc.. View Insider Buying and Selling for First Republic Bank.
Which major investors are buying First Republic Bank stock?
FRC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Virtus Fund Advisers LLC, Millennium Management LLC, Renaissance Technologies LLC, Congress Asset Management Co. MA, Standard Life Aberdeen plc, Cortland Advisers LLC and Eaton Vance Management. View Insider Buying and Selling for First Republic Bank.
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, Scottrade, Fidelity and Charles Schwab.
What is First Republic Bank's stock price today?
One share of FRC stock can currently be purchased for approximately $97.18.
How big of a company is First Republic Bank?
First Republic Bank has a market capitalization of $15.25 billion and generates $2.91 billion in revenue each year. The bank earns $757.66 million in net income (profit) each year or $4.31 on an earnings per share basis. First Republic Bank employs 3,566 workers across the globe.
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 (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.
First Republic Bank (NYSE:FRC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.31||2.23||2.36||2.38|
|Ratings Breakdown: ||0 Sell Rating(s)|
9 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
10 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$102.85||$101.54||$103.07||$104.50|
|Price Target Upside: ||6.26% upside||14.86% upside||16.41% upside||8.29% upside|
First Republic Bank (NYSE:FRC) Consensus Price Target History
First Republic Bank (NYSE:FRC) Analyst Ratings History
(Data available from 3/20/2016 forward)
First Republic Bank (NYSE:FRC) Earnings History and Estimates Chart
First Republic Bank (NYSE FRC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/16/2018||Q4 2017||$1.15||$1.10||$688.48 million||$699.20 million||View||Listen|
|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||$381.72 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||$365.34 million||View||Listen|
|4/15/2013||Q1 2013||$0.73||$0.72||$316.45 million||$370.32 million||View||Listen|
|1/16/2013||Q4 2012||$0.73||$0.77||$308.21 million||$357.90 million||View||Listen|
First Republic Bank (NYSE:FRC) Earnings Estimates
2018 EPS Consensus Estimate: $4.80
2019 EPS Consensus Estimate: $5.55
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
First Republic Bank (NYSE:FRC) Dividend Information
|Most Recent Dividend:||2/8/2018|
|Dividend Growth:||7.50% (3 Year Average)|
|Payout Ratio:||15.78% (Trailing 12 Months of Earnings) |
14.35% (Based on This Year's Estimates)
12.25% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
First Republic Bank (NYSE:FRC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for First Republic Bank (NYSE FRC)
No insider trades for this company have been tracked by MarketBeat.com
First Republic Bank (NYSE FRC) News Headlines
First Republic Bank (NYSE:FRC) SEC Filings
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First Republic Bank (NYSE:FRC) Income Statement, Balance Sheet and Cash Flow Statement
First Republic Bank (NYSE FRC) Stock Chart for Tuesday, March, 20, 2018