FRC News and Press, FIRST REPUBLIC BANK From 03/03/23

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared cash dividends on the following outstanding series of its perpetual preferred stock. A quarterly cash dividend of $12.8125 per share was declared on its Noncumulative P...

Summary Giverny Capital Asset Management, LLC is a partnership between Giverny Capital of Montreal and David Poppe, the former president and chief executive officer of Ruane, Cunniff & Goldfarb, LLC. For the fourth quarter of 2022, Giverny Capital Asset Management’s model por...

Summary Wallace Weitz's 13F portfolio value increased from $1.70B to $1.76B this quarter. Weitz Investment Management increased Meta Platforms, Gartner, and Oracle while decreasing CoStar Group, Roper Technologies, and Liberty Global. The top three positions are Berkshire Hathaway, ...

Summary East West had a mixed fourth quarter, with strong spread income growth, but high opex spending as well. Loan growth will likely hit the double-digits in 2023, putting more pressure on the funding situation and limiting NIM improvement, but driving stronger net interest income. ...

Summary Valley National's fourth-quarter earnings basically met expectations, but there wasn't a lot to get excited about in terms of spreads or dramatic operating leverage improvement. Loan growth of close to 4% was definitely above-average, but so too was the sharp increase in deposit...

Ask any bank management team, and they will likely tell you that their bank has great customer service, which is part of their competitive advantage. But oftentimes, it doesn't really seem to translate to a bank's financial returns for investors. At First Republic Bank (NYSE: FRC) , c...

Summary Wedgewood Partners is a money manager founded in 1988 with the goal of providing investors with a superior approach to managing investment portfolios. The results for the typical investor in 2022 were likely worse still as many investors (including Wedgewood) had a meaningful we...

Summary Concentrated Compounding generally specializes in larger, well-run companies that allocate capital well, as I’m looking to buy and hold things that can compound their investors’ money at good rates of return over long periods of time. Our equity investments are dow...

First Republic Bank ( NYSE: FRC ) said Tuesday it will sell 2M shares in an underwritten public offering, sending its stock 2.1% lower after the bell. The company granted the underwriters a 30-day option to buy up to an additional 300K shares. Net proceeds will be used for...

Mill Street Research, an independent consulting and research company, released its weekly newsletter on Monday. The report includes buy ideas and sell ideas for the Russell 1000. In this article, we will discuss a few key names in each category. If you haven’t already, check out our ...