First Republic Bank (NYSE:FRC)

Stock Price: $12.32

-0.21 (-1.68%)

Updated Mar 24, 2023 03:24 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	2.21B
Revenue	6.75B
Gross Profit	6.65B
Shares Out	179.65M
EPS (ttm)	8.23
PE Ratio	1.4937
Forward PE	3.0934
Dividend Rate (ttm)	1.0767
Dividend Yield	0.0859

Trading Day	Mar 24
Last Price	$12.32
Previous Close	$12.53
Change ($)	-0.21
Change (%)	-1.68%
Day's Open	11.94
Day's Range	11.81 - 12.71
Day's Volume	28.98M
52 Week Range	11.52 - 172.64

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About First Republic Bank

Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service and offers a complete line of products, including residential, commercial and personal loans, deposit services, and wealth management.

Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. First Republic is a constituent of the S&P 500 Index and KBW Nasdaq Bank Index.

News

First Republic Bank downgraded again as banking woes continue March 20, 2023

Wedbush analyst says First Republic stock turmoil is not over just yet March 17, 2023

First Republic stock has nearly doubled in four hours: here’s why March 16, 2023

KRE ETF stock: Is it safe to buy the dip in regional banks now? March 14, 2023

First Republic Bank: FRC stock to pop as bank run averted March 13, 2023

Quick info

Country

United States

Industry

Commercial Banking

Sector

Finance and Insurance

CEO

James Herbert

Address

111 Pine St
San Francisco
California
94111-5602

Website

www.firstrepublic.com

Ticker Symbol

FRC

Exchange

New York Stock Exchange

Reporting Currency

USD

First Republic Bank income statements (2022) (USD)

	August 2022	August 2022	May 2022	February 2022
Total Revenue	1.58B	1.58B	1.44B	5.31B
Cost of Revenue	31M	31M	10M	59M
Gross Profit	1.55B	1.55B	1.43B	5.25B
Research & Development	0	0	0	0
Selling General & Admin	86M	86M	82M	318M
Operating Expense	1.01B	1.01B	0.92B	3.48B
Operating Income	565M	565M	520M	1.83B
Other Income Expense Net	0	0	0	0
EBIT	565M	565M	520M	1.83B
Interest Income	0	0	0	0
Pretax Income	565M	565M	520M	1.83B
Income Tax	132M	132M	119M	350M
Minority Interest	0	0	0	0
Net Income	392M	392M	364M	1.38B
Net Income Basic	392M	392M	364M	1.38B

First Republic Bank income statements (2021) (USD)

	November 2021	August 2021	May 2021	February 2021
Total Revenue	1.37B	1.30B	1.22B	4.51B
Cost of Revenue	34.03M	16.14M	-14.61M	157.09M
Gross Profit	1.33B	1.29B	1.23B	4.35B
Research & Development	0	0	0	0
Selling General & Admin	80.57M	80.09M	70.18M	263.89M
Operating Expense	897.94M	853.05M	788.97M	3.17B
Operating Income	470.09M	451.57M	428.85M	1.33B
Other Income Expense Net	0	0	0	0
EBIT	470.09M	451.57M	428.85M	1.33B
Interest Income	0	0	0	0
Pretax Income	470.09M	451.57M	428.85M	1.33B
Income Tax	100.40M	78.46M	94.01M	269.81M
Minority Interest	0	0	0	0
Net Income	345.26M	349.45M	316.31M	1.01B
Net Income Basic	345.26M	349.45M	316.31M	1.01B

First Republic Bank income statements (2020) (USD)

	September 2020	June 2020	March 2020	March 2020
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	77.34M	83.53M	85.14M	85.14M
Pretax Income	364.52M	318.41M	271.79M	271.79M
Income Tax	71.38M	61.64M	53.10M	53.10M
Minority Interest	0	0	0	0
Net Income	293.14M	256.77M	218.69M	218.69M
Net Income Basic	278.32M	241.95M	205.67M	205.67M

First Republic Bank income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	84.71M	74.97M	78.41M	64.17M
Pretax Income	309.04M	286.53M	269.32M	268.34M
Income Tax	62.71M	51.69M	46.76M	41.75M
Minority Interest	0	0	0	0
Net Income	246.33M	234.84M	222.56M	226.59M
Net Income Basic	235.62M	222.06M	209.78M	213.80M

First Republic Bank income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	65.26M	64.15M	60.72M	50.33M
Pretax Income	287.08M	266.20M	252.19M	246.28M
Income Tax	55.66M	52.65M	42.41M	47.20M
Minority Interest	0	0	0	0
Net Income	231.42M	213.55M	209.78M	199.08M
Net Income Basic	215.19M	196.43M	197.62M	186.86M

First Republic Bank income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A
EBIT	N.A	N.A	N.A
Interest Income	47.82M	45.95M	40.84M
Pretax Income	236.57M	241.81M	220.30M
Income Tax	42.30M	41.81M	33.70M
Minority Interest	0	0	0
Net Income	194.28M	200.01M	186.60M
Net Income Basic	180.01M	185.74M	172.26M

First Republic Bank balance sheet (2022) (USD)

	August 2022
Current Cash	0
Receivables	0
Inventory	0
Current Assets	188.20B
Other Current Assets	0
Short Term Investments	31.17B
Long Term Investments	9.71B
Property/Plant Equipment	474M
Good Will	N.A
Intangible Assets	220M
Tangible Assets (Net)	12.57B
Other Assets	9.02B
Total Assets	197.91B
Accounts Payable	0
Other Current Liabilities	165.65B
Total Current Liabilities	177.93B
Total Liabilities	181.48B
Long Term Debt	0
Current Long Term Debt	12.28B
Minority Interest	0
Common Stock	180M
Treasury Stock	0
Retained Earnings	7.24B
Capital Surplus	N.A
Shareholder Equity	16.43B
Other Liabilities	N.A

First Republic Bank balance sheet (2020) (USD)

	September 2020	June 2020	March 2020	March 2020
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	3.69B	3.24B	4.22B	4.22B
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	1.13B	1.44B	1.49B	1.49B
Property/Plant Equipment	390.24M	1.30B	1.26B	1.26B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	N.A	59.36M	-404.6M	-404.6M
Tangible Assets (Net)	11.34B	9.97B	7.46B	7.46B
Other Assets	4.97B	3.55B	3.26B	3.26B
Total Assets	133.23B	128.30B	123.91B	123.91B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	68.83B	72.57B	63.17B	63.17B
Total Current Liabilities	68.83B	74.07B	66.07B	66.07B
Total Liabilities	121.88B	117.73B	111.78B	111.78B
Long Term Debt	15.28B	16.62B	14.25B	14.25B
Current Long Term Debt	N.A	1.50B	2.90B	2.90B
Minority Interest	0	0	0	0
Common Stock	172.19M	172.09M	171.39M	171.39M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	5.10B	4.86B	4.65B	4.65B
Capital Surplus	4.57B	4.54B	4.54B	4.54B
Shareholder Equity	11.34B	10.58B	8.07B	8.07B
Other Liabilities	N.A	N.A	N.A	N.A

First Republic Bank balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	2.08B	2.18B	2.22B	3.69B
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	64.10M	31.69M	12.50M	9.88M
Property/Plant Equipment	1.17B	1.13B	1.09B	0.98B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	63.65M	66.21M	69.04M	72.15M
Tangible Assets (Net)	9.24B	8.77B	8.56B	8.39B
Other Assets	2.10B	2.81B	2.80B	2.70B
Total Assets	116.66B	111.03B	105.70B	101.85B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	76.08B	71.65B	69.41B	68.62B
Total Current Liabilities	80.95B	73.50B	71.52B	71.14B
Total Liabilities	106.81B	101.60B	96.48B	92.80B
Long Term Debt	10.22B	11.88B	9.76B	7.84B
Current Long Term Debt	4.30B	1.35B	2.05B	2.45B
Minority Interest	0	0	0	0
Common Stock	168.62M	168.45M	168.18M	167.39M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	4.48B	4.28B	4.09B	3.91B
Capital Surplus	4.21B	4.20B	4.19B	4.20B
Shareholder Equity	9.85B	9.43B	9.22B	9.05B
Other Liabilities	N.A	N.A	N.A	N.A

First Republic Bank balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	3.14B	3.01B	3.99B	3.84B
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	140.63M	274.18M	46.75M	686.39M
Property/Plant Equipment	332.48M	324.05M	312.28M	299.59M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	75.53M	79.18M	83.10M	87.30M
Tangible Assets (Net)	8.02B	8.01B	7.62B	7.18B
Other Assets	1.98B	2.60B	2.65B	2.40B
Total Assets	99.32B	96.09B	93.85B	90.22B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	67.69B	63.50B	62.57B	62.26B
Total Current Liabilities	71.34B	64.40B	64.72B	64.41B
Total Liabilities	90.64B	87.43B	85.58B	82.39B
Long Term Debt	6.82B	10.47B	9.77B	8.02B
Current Long Term Debt	3.65B	0.90B	2.15B	2.15B
Minority Interest	0	0	0	0
Common Stock	164.90M	164.76M	162.64M	161.86M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	3.73B	3.55B	3.38B	3.21B
Capital Surplus	4.02B	4B	3.77B	3.80B
Shareholder Equity	8.68B	8.67B	8.28B	7.84B
Other Liabilities	N.A	N.A	N.A	N.A

First Republic Bank balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	N.A	N.A	N.A
Receivables	N.A	N.A	N.A
Inventory	N.A	N.A	N.A
Current Assets	2.67B	2.68B	2.30B
Other Current Assets	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A
Long Term Investments	1.50B	1.86B	1.33B
Property/Plant Equipment	296.20M	277.81M	260.31M
Good Will	N.A	N.A	N.A
Intangible Assets	91.77M	96.52M	101.54M
Tangible Assets (Net)	7.15B	6.77B	6.59B
Other Assets	1.82B	2.55B	2.48B
Total Assets	87.88B	84.32B	80.98B
Accounts Payable	N.A	N.A	N.A
Other Current Liabilities	4.88B	43.86B	42.89B
Total Current Liabilities	4.98B	44.71B	43.69B
Total Liabilities	77.26B	76.89B	73.72B
Long Term Debt	7.17B	9.57B	8.59B
Current Long Term Debt	N.A	400M	650M
Minority Interest	0	0	0
Common Stock	161.70M	157.93M	157.69M
Treasury Stock	N.A	N.A	N.A
Retained Earnings	3.05B	2.90B	2.74B
Capital Surplus	3.78B	3.54B	3.53B
Shareholder Equity	7.81B	7.43B	7.26B
Other Liabilities	N.A	N.A	N.A

First Republic Bank cash flow (2022) (USD)

	November 2022	August 2022
Net Income	405M	392M
Depreciation	48M	49M
Changes in Receivables	0	0
Changes in Inventories	0	0
Cash Change	5.53B	6.24B
Cash Flow	112M	106M
Capital Expenditures	-48M	-49M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-7.88B	-11.87B
Dividends Paid	N.A	N.A
Net Borrowings	-177.35B	-169.68B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	7.06B	10.24B
Exchange Rate Effect	N.A	N.A

First Republic Bank cash flow (2020) (USD)

	June 2020	March 2020
Net Income	256.77M	218.69M
Depreciation	N.A	40.50M
Changes in Receivables	N.A	N.A
Changes in Inventories	N.A	N.A
Cash Change	-850.21M	2.25B
Cash Flow	266.18M	76.68M
Capital Expenditures	-29.41M	-57.03M
Investments	-74.03M	-184.43M
Investing Activity (other)	-79.4M	N.A
Total Investing Cash Flows	-5.04B	-5.37B
Dividends Paid	-49.89M	-46.3M
Net Borrowings	-840.17M	3.75B
Other Financing Cash Flows	-41.01M	-5.84M
Cash Flow Financing	3.92B	7.55B
Exchange Rate Effect	N.A	N.A

First Republic Bank cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	246.33M	234.84M	222.56M	226.59M
Depreciation	N.A	N.A	N.A	23.06M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-482.04M	-38.47M	-1.47B	882.24M
Cash Flow	-719.86M	1.26B	586.65M	241.76M
Capital Expenditures	-51.93M	-50.73M	-36.53M	-51.9M
Investments	-0.99B	-1.17B	-61.67M	220.70M
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-5.65B	-5.4B	-5.19B	-1.22B
Dividends Paid	-43.2M	-45.23M	-45.22M	-43.5M
Net Borrowings	1.33B	1.88B	1.40B	-800M
Other Financing Cash Flows	-3.15M	-17.59M	-46.98M	-21.91M
Cash Flow Financing	5.89B	4.11B	3.13B	1.86B
Exchange Rate Effect	N.A	N.A	N.A	N.A

First Republic Bank cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	231.42M	213.55M	209.78M	199.08M
Depreciation	N.A	N.A	N.A	17.48M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-202.49M	-0.98B	153.30M	1.54B
Cash Flow	-35.01M	762.92M	56.85M	266.93M
Capital Expenditures	-39.63M	-36.44M	-36.51M	-26.29M
Investments	165.05M	222.19M	42.09M	2.09B
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-3.32B	-3.34B	-3.38B	-0.97B
Dividends Paid	-46.51M	-46.97M	-41.86M	-40.22M
Net Borrowings	-0.9B	-550M	1.75B	100M
Other Financing Cash Flows	-7M	-724K	-38.47M	-5.41M
Cash Flow Financing	3.15B	1.59B	3.48B	2.24B
Exchange Rate Effect	N.A	N.A	N.A	N.A

First Republic Bank cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	194.28M	200.01M	186.60M
Depreciation	N.A	N.A	N.A
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	-663.33M	384.18M	-699.75M
Cash Flow	216.57M	268.62M	248.96M
Capital Expenditures	-41.48M	-57.96M	-42.09M
Investments	-1.13B	-683.97M	-1.02B
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	-3.91B	-3B	-4.96B
Dividends Paid	-42.08M	-41.63M	-41.54M
Net Borrowings	-350M	1.03B	2.19B
Other Financing Cash Flows	-58.79M	-13.01M	-34.03M
Cash Flow Financing	3.03B	3.12B	4.01B
Exchange Rate Effect	N.A	N.A	N.A

First Republic Bank dividends (USD)

Ex date	Payment date	Record date	Declared date	Amount	Description	Frequency
25-01-2023	09-02-2023	26-01-2023	N.A	0.27	Ordinary Shares	Quarterly
27-07-2022	11-08-2022	28-07-2022	N.A	0.27	Ordinary Shares	Quarterly
28-10-2020	12-11-2020	29-10-2020	N.A	0.20	Ordinary Shares	Quarterly
29-07-2020	13-08-2020	30-07-2020	N.A	0.20	Ordinary Shares	Quarterly
29-04-2020	14-05-2020	30-04-2020	N.A	0.20	Ordinary Shares	Quarterly
29-01-2020	13-02-2020	30-01-2020	N.A	0.19	Ordinary Shares	Quarterly
30-10-2019	14-11-2019	31-10-2019	N.A	0.19	Ordinary Shares	Quarterly
24-07-2019	08-08-2019	25-07-2019	N.A	0.19	Ordinary Shares	Quarterly
24-04-2019	09-05-2019	25-04-2019	N.A	0.19	Ordinary Shares	Quarterly
30-01-2019	14-02-2019	31-01-2019	N.A	0.18	Ordinary Shares	Quarterly
24-10-2018	08-11-2018	25-10-2018	N.A	0.18	Ordinary Shares	Quarterly
25-07-2018	09-08-2018	26-07-2018	N.A	0.18	Ordinary Shares	Quarterly
25-04-2018	10-05-2018	26-04-2018	N.A	0.18	Ordinary Shares	Quarterly
24-01-2018	08-02-2018	25-01-2018	N.A	0.17	Ordinary Shares	Quarterly
25-10-2017	09-11-2017	26-10-2017	N.A	0.17	Ordinary Shares	Quarterly
25-07-2017	10-08-2017	27-07-2017	N.A	0.17	Ordinary Shares	Quarterly
25-04-2017	11-05-2017	27-04-2017	N.A	0.17	Ordinary Shares	Quarterly
24-01-2017	09-02-2017	26-01-2017	N.A	0.16	Ordinary Shares	Quarterly
25-10-2016	10-11-2016	27-10-2016	N.A	0.16	Ordinary Shares	Quarterly
26-07-2016	11-08-2016	28-07-2016	N.A	0.16	Ordinary Shares	Quarterly
26-04-2016	12-05-2016	28-04-2016	N.A	0.16	Ordinary Shares	Quarterly
26-01-2016	11-02-2016	28-01-2016	N.A	0.15	Ordinary Shares	Quarterly
27-10-2015	12-11-2015	29-10-2015	N.A	0.15	Ordinary Shares	Quarterly
28-07-2015	13-08-2015	30-07-2015	N.A	0.15	Ordinary Shares	Quarterly