FRC News and Press, FIRST REPUBLIC BANK From 01/20/23

Summary Commerce's fourth quarter results were okay; pre-provision profits seem to have missed modestly, but the core drivers were fine. A strong deposit franchise continues to drive a below-average deposit beta, and Commerce is better-positioned than many banks to fund loan growth at m...

Summary First Republic is a best-in-class niche lender to the High Net Worth segment. Buy case: Industry leading credit management, customer loyalty, and revenue growth.  The icing on the cake is that founder, Jim Herbert, remains active in the bank. The interest rate jump has ...

Summary First Republic posted mixed fourth quarter results, with a small miss at the core pre-provision profit line. Higher deposit costs will continue to bite into growth and profitability, as management adds higher-cost CDs to fund well above-average loan growth and acquire attractive...

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that a 12-person team led by Derek Mohamed and Justin Merola has joined First Republic Investment Management. Mohamed and Merola were each named Managing Director and Wealth Manager. Stephe...

First Republic Bank (FRC) Q4 2022 Earnings Conference Call January 13, 2023 10:00 am ET Corporate Participants Mike Ioanilli - Vice President and Director of Investor Relations Jim Herbert - Founder, Executive Chairman Mike Roffler - President and Chief Executive Offic...

First Republic Bank press release ( NYSE: FRC ): Q4 GAAP EPS of $1.88 beats by $0.08 . Revenue of $1.96B (+40.0% Y/Y) beats by $510M . For further details see: First Republic Bank GAAP EPS of $1.88 beats by $0.08, revenue of $1.96B beats by $510M

Net Interest Income Grew 17% Year-Over-Year Tangible Book Value Per Share Increased 11% Year-Over-Year First Republic Bank (NYSE: FRC) today announced financial results for the quarter and year ended December 31, 2022. “2022 was another terrific year of safe, consistent and...

First Republic Bank ( NYSE: FRC ) is scheduled to announce Q4 earnings results on Friday, January 13th, before market open. The consensus EPS Estimate is $1.79 and the consensus Revenue Estimate is $1.44B (+2.9% Y/Y). Over the last 1 year, FRC has beaten EPS estimates 100%...

Team Is Led by Brenda Travaglini, Michael Corcoran, Dennis Murray and Dan Gallagher First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that a seven-person team led by Brenda Travaglini, Michael Corcoran, Dennis Murray and Dan Gallaghe...

Summary Big banks report 4Q earnings later this week. Here are 4Q EPS estimates and opinions for 31 large banks. Analyst consensus recommendations suggest big bank investors Hold, but their median price outlook for the year ahead is rather bullish at +12%. My preferred banks for...