Last $51.13 USD
Change Today +0.86 / 1.71%
Volume 468.5K
As of 3:18 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

first republic bank/ca (FRC) Snapshot

Open
$50.25
Previous Close
$50.27
Day High
$51.28
Day Low
$50.21
52 Week High
03/21/14 - $56.18
52 Week Low
10/16/14 - $44.56
Market Cap
7.1B
Average Volume 10 Days
988.6K
EPS TTM
$3.07
Shares Outstanding
138.3M
EX-Date
01/27/15
P/E TM
16.7x
Dividend
$0.56
Dividend Yield
1.10%
Current Stock Chart for FIRST REPUBLIC BANK/CA (FRC)

first republic bank/ca (FRC) Details

First Republic Bank, together with its subsidiaries, provides personalized, relationship-based preferred banking, preferred business banking, real estate lending, trust, and wealth management services to clients in metropolitan areas of 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, and passbook deposits, as well as certificates of deposit. It also provides a range of lending products that comprise residential mortgage loans and lines of credit, multifamily loans, commercial real estate loans, residential construction loans, small business loans, personal loans, business loans, and Eagle One loans and lines of credit. The company’s loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, trust and custody services, full service and online brokerage, financial and estate planning, access to alternative investments, investing, insurance, and foreign exchange. As of December 31, 2013, the company offered its services through 73 offices, including 66 preferred banking licensed deposit-taking offices in metropolitan areas comprising San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, New York City, Boston, and Portland; and 7 offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

first republic bank/ca (FRC) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $800.0K
President, Executive Director, Member of Inve...
Total Annual Compensation: $800.0K
Chief Operating Officer and Senior Executive ...
Total Annual Compensation: $750.0K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $780.0K
Compensation as of Fiscal Year 2013.

first republic bank/ca (FRC) Key Developments

First Republic Bank Announces Executive Appointments

First Republic Bank announced that portfolio managers Hugh Beecher and Rick Gordon have joined First Republic in San Francisco. Beecher and Gordon have each been named as Managing Director and Portfolio Manager. They work for First Republic Private Wealth Management and are located at First Republic'sSan Francisco office at 111 Pine Street. First Republic Private Wealth Management provides customized wealth management solutions, including trust, investment management and brokerage services, to high net worth individuals and families, foundations, and endowments. Beecher has more than 20 years of investment management experience. Prior to joining First Republic, Beecher worked at Barclays wealth management group in San Francisco. Earlier in his career, he worked for Credit Suisse, Goldman Sachs and founded Beecher Investment Management. Gordon has eight years of investment management experience. Prior to joining First Republic, Gordon worked for Barclays wealth management group in San Francisco. Earlier in his career, he worked for Goldman Sachs and Lehman Brothers.

First Republic Bank Announces Consolidated Financial Results for the Four the Fourth Quarter and Year Ended December 31, 2014; Reports Net Loan Charge-Offs to Allowance for Loan Losses for the Fourth Quarter Ended December 31, 2014

First Republic Bank announced consolidated financial results for the four the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $378,999,000 against $376,396,000 a year ago. Net interest income was $340,855,000 against $335,989,000 a year ago. Net interest income after provision for loan losses was $326,779,000 against $322,474,000 a year ago. Income before provision for income taxes was $158,463,000 against $188,768,000 a year ago. Net income available to common shareholders was $101,570,000 against $122,122,000 a year ago. Diluted earnings per common share were $0.72 against $0.86 a year ago. Non-GAAP net income was $94,814,000 or $0.67 per diluted share against $114,261,000 or $0.81 per diluted share a year ago. Non-GAAP net interest income (tax-equivalent basis) was $354,222,000 against $347,899,000 a year ago. Non-GAAP net interest income was $325,456,000 against $320,189,000 a year ago. For the year, the company reported total interest income of $1,483,009,000 against $1,356,018,000 a year ago. Net interest income was $1,330,760,000 against $1,224,175,000 a year ago. Net interest income after provision for loan losses was $1,274,274,000 against $1,187,206,000 a year ago. Income before provision for income taxes was $669,883,000 against $663,559,000 a year ago. Net income available to common shareholders was $431,450,000 against $421,399,000 a year ago. Diluted earnings per common share were $3.07 against $3.10 a year ago. Book value per common share as at December 31, 2014 was $28.13 against $24.63 as at December 31, 2013. Tangible book value per common share as at December 31, 2014 was $26.56 against $22.83 as at December 31, 2013. Non-GAAP net income available to common shareholders was $398,028,000 or $2.83 per diluted share against $360,756,000 or $2.65 per diluted share a year ago. Non-GAAP net interest income (tax-equivalent basis) was $1,368,084,000 against $1,185,426,000 a year ago. Non-GAAP net interest income was $1,258,761,000 against $1,100,596,000 a year ago. For the fourth quarter ended December 31, 2014, the company reported net loan charge-offs to allowance for loan losses was $1,783,000.

First Republic Bank Declares Dividend for the Fourth Quarter Ended December 31, 2014, Payable on February 12, 2015

First Republic Bank declared cash dividend for the fourth quarter ended December 31, 2014, of $0.14 per share of common stock, which is payable on February 12, 2015 to shareholders of record as of January 29, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FRC:US $51.13 USD +0.86

FRC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
City National Corp/CA $88.09 USD -0.11
East West Bancorp Inc $36.55 USD +0.47
New York Community Bancorp Inc $15.43 USD +0.03
Signature Bank/New York NY $118.66 USD +1.29
SVB Financial Group $113.18 USD +1.74
View Industry Companies
 

Industry Analysis

FRC

Industry Average

Valuation FRC Industry Range
Price/Earnings 16.4x
Price/Sales 4.3x
Price/Book 1.8x
Price/Cash Flow 13.4x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FIRST REPUBLIC BANK/CA, please visit www.firstrepublic.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.