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Last $56.75 USD
Change Today +0.35 / 0.62%
Volume 477.6K
FRC On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 3:30 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

first republic bank/ca (FRC) Snapshot

Open
$56.31
Previous Close
$56.40
Day High
$56.86
Day Low
$55.89
52 Week High
03/12/15 - $59.78
52 Week Low
10/16/14 - $44.56
Market Cap
8.0B
Average Volume 10 Days
1.4M
EPS TTM
$3.07
Shares Outstanding
141.8M
EX-Date
01/27/15
P/E TM
18.5x
Dividend
$0.56
Dividend Yield
0.99%
Current Stock Chart for FIRST REPUBLIC BANK/CA (FRC)

first republic bank/ca (FRC) Details

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 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 smaller loans and lines of credit to businesses and individuals. 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, and access to alternative investments, as well as investing, insurance, and foreign exchange services. As of December 31, 2014, the company offered its services through 73 offices, including 68 preferred banking licensed deposit-taking offices in metropolitan areas comprising San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, Greenwich, and New York City; and 5 offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

2,506 Employees
Last Reported Date: 02/27/15
Founded in 1985

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 Declares Dividends on Five Series of Perpetual Preferred Stock for First Quarter 2015, Payable on March 30, 2015

First Republic Bank announced that it has declared cash dividends on all five outstanding series of its perpetual preferred stock. A quarterly cash dividend of $16.75 per share was declared on its Noncumulative Perpetual Series A Preferred Stock. This dividend equals $0.418750 per depositary share, each representing 1/40th interest in a share of Series A Preferred Stock. The Series A Preferred Stock dividend is payable on March 30, 2015, to shareholders of record as of March 18, 2015. A quarterly cash dividend of $15.50 per share was declared on its Noncumulative Perpetual Series B Preferred Stock. This dividend equals $0.38750 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock." The Series B Preferred Stock dividend is payable on March 30, 2015, to shareholders of record as of March 18, 2015. A quarterly cash dividend of $14.0625 per share was declared on its Noncumulative Perpetual Series C Preferred Stock. This dividend equals $0.3515625 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock. The Series C Preferred Stock dividend is payable on March 30, 2015, to shareholders of record as of March 18, 2015. A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series D Preferred Stock. This dividend equals $0.343750 per depositary share, each representing 1/40th interest in a share of Series D Preferred Stock. The Series D Preferred Stock dividend is payable on March 30, 2015, to shareholders of record as of March 18, 2015. A quarterly cash dividend of $17.50 per share was declared on its Noncumulative Perpetual Series E Preferred Stock. This dividend equals $0.4375 per depositary share, each representing 1/40th interest in a share of Series E Preferred Stock. The Series E Preferred Stock dividend is payable on March 30, 2015, to shareholders of record as of March 18, 2015.

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 Repub Bank Presents at Deutsche Bank Mid-Cap Banks Summit, Mar-12-2015

First Repub Bank Presents at Deutsche Bank Mid-Cap Banks Summit, Mar-12-2015 . Venue: Grand Hyatt New York, 109 E 42nd Street, New York, NY 10017, United States.

 

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FRC:US $56.75 USD +0.35

FRC Competitors

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Company Last Change
City National Corp/CA $89.62 USD +0.06
Comerica Inc $45.10 USD +0.29
New York Community Bancorp Inc $16.65 USD +0.05
Signature Bank/New York NY $127.58 USD +1.48
SVB Financial Group $121.71 USD +0.32
View Industry Companies
 

Industry Analysis

FRC

Industry Average

Valuation FRC Industry Range
Price/Earnings 18.4x
Price/Sales 4.9x
Price/Book 2.0x
Price/Cash Flow 16.5x
TEV/Sales 0.3x
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