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 Date7/12/2019 (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 Monday, April 15th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.19 per share on Thursday, May 9th. This represents a $0.76 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, April 24th. This is a positive change from First Republic Bank's previous quarterly dividend of $0.18. 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 Friday, April, 12th. The bank reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.04. The bank earned $807.36 million during the quarter, compared to analyst estimates of $813.99 million. First Republic Bank had a return on equity of 11.56% and a net margin of 23.61%. During the same period in the previous year, the business posted $1.13 EPS. View First Republic Bank's Earnings History.
When is First Republic Bank's next earnings date?
What price target have analysts set for FRC?
15 Wall Street analysts have issued 12-month price objectives for First Republic Bank's stock. Their forecasts range from $92.00 to $120.00. On average, they anticipate First Republic Bank's stock price to reach $104.57 in the next year. This suggests a possible upside of 9.0% from the stock's current price. View Analyst Price Targets for First Republic Bank.
What is the consensus analysts' recommendation for First Republic Bank?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 10 hold ratings and 5 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, "4Q18 results included very strong growth in loans and deposits, a wider NIM, and excellent credit quality. We are reiterating our Buy rating and price target of $110. Our price target equates to 20.0x our 2019 EPS estimate, inline with other best-in-class Smid- Cap Banks." (1/15/2019)
- 2. According to Zacks Investment Research, "First Republic’s shares have outperformed the industry over the past three months. Further, the company's earnings surpassed the Zacks Consensus Estimate in only two of the trailing four quarters. Earnings estimates have been revised downward prior to the company's fourth-quarter 2018 results. Despite rising interest rate environment, decline in net interest margin will continue to hurt interest income growth to some extent. Although increased loan originations are expected to support the company’s growth prospects over the long run, escalating costs owing to investments in digital initiatives are expected to hurt its bottom-line growth." (1/14/2019)
Has First Republic Bank been receiving favorable news coverage?
Headlines about FRC stock have been trending positive on Tuesday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. First Republic Bank earned a coverage optimism score of 2.6 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next few days. 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 Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), ANZ (ANZBY), Lloyds Banking Group (LYG), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), ING Groep (ING), Banco Santander Brasil (BSBR), Boc Hong Kong (BHKLY), ICICI Bank (IBN), Banco Bilbao Vizcaya Argentaria (BBVA), Canadian Imperial Bank of Commerce (CM), OVERSEA-CHINESE/ADR (OVCHY), CR AGRICOLE S A/ADR (CRARY) and Royal Bank of Scotland Group (RBS).
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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.48%), Baillie Gifford & Co. (4.24%), JPMorgan Chase & Co. (3.70%), Parnassus Investments CA (3.49%), Principal Financial Group Inc. (2.78%) and C WorldWide Group Holding A S (1.98%).
Which major investors are selling First Republic Bank stock?
FRC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wells Fargo & Company MN, FMR LLC, JPMorgan Chase & Co., Diamond Hill Capital Management Inc., Parnassus Investments CA, Toronto Dominion Bank and C WorldWide Group Holding A S.
Which major investors are buying First Republic Bank stock?
FRC stock was bought by a variety of institutional investors in the last quarter, including Northern Trust Corp, Commerce Bank, SeaTown Holdings Pte. Ltd., California Public Employees Retirement System, First Trust Advisors LP, Ownership Capital B.V., American International Group Inc. and State Treasurer State of Michigan.
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 $95.92.
How big of a company is First Republic Bank?
First Republic Bank has a market capitalization of $16.06 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.
