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$4.16 billion
Profitability
Miscellaneous
Employees4,480
Next Earnings Date4/10/2020 (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 Wednesday, January 15th. Investors of record on Thursday, January 30th will be paid a dividend of $0.19 per share on Thursday, February 13th. This represents a $0.76 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Wednesday, January 29th. 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 results on Tuesday, January, 14th. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.12. The bank earned $877.50 million during the quarter, compared to analyst estimates of $876.90 million. First Republic Bank had a net margin of 22.38% and a return on equity of 11.08%. First Republic Bank's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 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?
16 equities research analysts have issued 12-month target prices for First Republic Bank's shares. Their forecasts range from $98.00 to $130.00. On average, they expect First Republic Bank's share price to reach $116.07 in the next year. This suggests that the stock has a possible downside of 1.2%. View Analyst Price Targets for First Republic Bank.
What is the consensus analysts' recommendation for First Republic Bank?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 1 sell rating, 11 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?
Media coverage about FRC stock has trended extremely negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Republic Bank earned a media sentiment score of -4.3 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect 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 PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), TCF Financial (TCF) and Western Alliance Bancorporation (WAL).
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 investors include Capital International Investors (6.72%), State Street Corp (5.67%), Goldman Sachs Group Inc. (3.69%), Capital Research Global Investors (3.34%), Principal Financial Group Inc. (3.19%) and Capital World Investors (2.90%).
Which institutional investors are selling First Republic Bank stock?
FRC stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Citigroup Inc., Standard Life Aberdeen plc, Rheos Capital Works Inc., Renaissance Technologies LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp and Diamond Hill Capital Management Inc..
Which institutional investors are buying First Republic Bank stock?
FRC stock was bought by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., Lord Abbett & CO. LLC, Cowen AND Company LLC, Anchor Capital Advisors LLC, Nicholas Investment Partners LP, Parnassus Investments CA, Massachusetts Financial Services Co. MA and Barclays PLC.
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 $117.47.
How big of a company is First Republic Bank?
First Republic Bank has a market capitalization of $19.79 billion and generates $4.16 billion in revenue each year. The bank earns $930.33 million in net income (profit) each year or $5.20 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.
