FRC News and Press, FIRST REPUBLIC BANK From 10/17/22

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that a five-member team led by Paul Vasady-Kovacs has joined First Republic Investment Management. Vasady-Kovacs was named Managing Director and Wealth Manager. He will provide ...

First Republic Bank ( NYSE: FRC ) was the top five biggest loser among financial stocks (with market cap exceeding $2B), falling 17.8% in the week ended October 14, after its better-than-expected Q3 earnings showed its net interest margins got hurt by by rising funding c...

The major U.S. equity averages turned back towards the downside on Friday, retracing most of the gains posted in Thursday's unexpected rally. The Nasdaq led the slide, falling by more than 3%. The risk-off trade led to a sharp decline in the electric vehicle sector. With earnings season...

Summary First Republic shares have been a poor performer this year, and disappointing Q3 earnings added to the underperformance. While EPS beat, net interest margin surprisingly fell 9 bp as the bank seems to be underpricing loans to win new clients. This risks exposing the fi...

First Republic Bank (FRC) Q3 2022 Earnings Conference Call October 14, 2022 10:00 a.m. ET Company Representatives Jim Herbert - Founder, Executive Chairman Mike Roffler - Chief Executive Officer, President Mike Selfridge - Chief Banking Officer Bob Thornton -...

First Republic Bank press release ( NYSE: FRC ): Q3 GAAP EPS of $2.21 beats by $0.02 . Revenue of $1.57B (+17.2% Y/Y) beats by $20M . Tangible book value per share was $72.54, up 11.3%. Net interest margin was 2.71%, compared to 2.80% for the prior quarter....

Year-Over-Year Net Interest Income Rose 21% Tangible Book Value Per Share Increased 11% First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended September 30, 2022. “First Republic had another quarter of strong results,” said Mi...

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will release third quarter 2022 financial results before the market opens on Friday, October 14, 2022. First Republic Bank will conduct a conference call to discuss the results a...

Summary Wedgewood Partners’ 13F portfolio value decreased from $709M to $579M this quarter. They added Pool Corp and increased PayPal Holdings and First Republic Bank while reducing Visa, Tractor Supply, Progressive Corporation, and Starbucks. Their top five positions a...

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that a nine-member team led by Harold Reinstein and Michael Nelson have joined First Republic Investment Management in Scarsdale, New York. Reinstein and Nelson were each named ...