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Last $60.55 USD
Change Today -0.83 / -1.35%
Volume 1.4M
FRC On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

first republic bank/ca (FRC) Snapshot

Open
$61.14
Previous Close
$61.38
Day High
$61.22
Day Low
$60.14
52 Week High
05/19/15 - $61.94
52 Week Low
10/16/14 - $44.56
Market Cap
8.6B
Average Volume 10 Days
626.7K
EPS TTM
$3.05
Shares Outstanding
141.8M
EX-Date
04/28/15
P/E TM
19.9x
Dividend
$0.60
Dividend Yield
0.94%
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.

2,574 Employees
Last Reported Date: 05/8/15
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 Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

First Republic Bank reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income was $348,019,000 against $320,703,000 a year ago. Net income was $115,912,000 against $114,704,000 a year ago. Net income available to common shareholders of $102,023,000 or $0.71 per diluted share compared to $100,815,000 or $0.73 per diluted share a year ago. Income before provision for income taxes was $155,378,000 compared to $157,129,000 a year ago. Effective tax rate was 27.3% in 2014. For 2015, the company effective tax rate is expected to be approximately 25.4%, which is down from 27.3% in 2014.

First Republic Bank Announces Quarterly Cash Dividend for the First Quarter, Payable on May 14, 2015

First Republic Bank announced an increase in its quarterly cash dividend for the first quarter to $0.15 per share of common stock, which is payable on May 14, 2015 to shareholders of record as of April 30, 2015.

Brian Riley to Join First Republic Bank as Executive Vice President of Investment Management

A Merrill Lynch executive who oversaw a portion of its ultra-wealthy-client group on the West Coast is to join First Republic Bank. Brian Riley has stepped down from his position as a regional managing director at Merrill Lynch. He had been with the company since 1996. First Republic Bank has hired him as executive vice president of investment management.

 

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FRC:US $60.55 USD -0.83

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Industry Analysis

FRC

Industry Average

Valuation FRC Industry Range
Price/Earnings 20.1x
Price/Sales 5.2x
Price/Book 2.1x
Price/Cash Flow 17.9x
TEV/Sales 0.5x
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