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 announced a quarterly dividend on Wednesday, January 15th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.19 per share on Thursday, February 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend 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 earnings results on Tuesday, January, 14th. The bank reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.12. The bank had revenue of $877.50 million for the quarter, compared to the consensus estimate 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 was up 8.2% on a year-over-year basis. During the same quarter 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 brokers have issued 12-month target prices for First Republic Bank's stock. Their forecasts range from $98.00 to $130.00. On average, they expect First Republic Bank's stock price to reach $116.07 in the next twelve months. This suggests a possible upside of 2.0% from the stock's current price. View Analyst Price Targets for First Republic Bank.
What is the consensus analysts' recommendation for First Republic Bank?
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 stories about FRC stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. First Republic Bank earned a coverage optimism score of 1.3 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near 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), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), TCF Financial (TCF), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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 retail and institutional investors. Top institutional shareholders include Douglass Winthrop Advisors LLC (0.32%), Marathon Asset Management LLP (0.25%), KAMES CAPITAL plc (0.24%), Hahn Capital Management LLC (0.13%), Howland Capital Management LLC (0.10%) and Vigilant Capital Management LLC (0.09%).
Which institutional investors are selling First Republic Bank stock?
FRC stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Marathon Asset Management LLP, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Reilly Financial Advisors LLC, Hahn Capital Management LLC, SFE Investment Counsel and Gateway Investment Advisers LLC.
Which institutional investors are buying First Republic Bank stock?
FRC stock was bought by a variety of institutional investors in the last quarter, including First American Bank, KAMES CAPITAL plc, First Financial Bank Trust Division, Howland Capital Management LLC, Zeke Capital Advisors LLC, Advisor Partners LLC, Empire Life Investments Inc. and Assenagon Asset Management S.A..
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 $113.75.
How big of a company is First Republic Bank?
First Republic Bank has a market capitalization of $19.16 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.
