FRC News and Press, FIRST REPUBLIC BANK From 04/24/23

2023-04-24 22:40:00 ET Summary The Q1 earnings release was not pretty. Deposit outflows were higher than expected at $103 billion. First Republic Bank is on life support. I suspect it is being readied for a sale transaction. My view remains that the equity is worthless...

2023-04-24 20:13:46 ET First Republic Bank ( NYSE: FRC ) reported better-than-expected profit for its first financial quarter on Monday. Shares still plunged 30% in extended hours. Why is First Republic stock down? The bank stock is being punished for a massive hit to de...

2023-04-24 17:04:05 ET First Republic Bank (FRC) Q1 2023 Earnings Conference Call April 24, 2023 04:30 PM ET Company Participants Mike Ioanilli - Vice President and Director of Investor Relations Mike Roffler - President and Chief Executive Officer Conference C...

2023-04-24 16:35:54 ET First Republic Bank ( NYSE: FRC ) stock slumped 7.3% in Monday after-hours trading after the San Francisco-based bank showed deposits dropped by more than $70B during Q1 2023. Deposits of $104.5B, missing the $160.6B Visible Alpha consensus, compared w...

2023-04-24 16:09:54 ET First Republic Bank press release ( NYSE: FRC ): Q1 GAAP EPS of $1.23 beats by $0.71 . Revenue of $1.21B (-16.0% Y/Y) beats by $80M . Net interest income was $923 million, down 19.4%. Book value per share was $76.97, up 10.4%. Net...

First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended March 31, 2023. Jim Herbert, Founder and Executive Chairman, and Mike Roffler, CEO and President of First Republic said, “With the stabilization of our deposit base and the strength of our credit qu...

2023-04-24 14:09:00 ET Summary Banking is not going away. It also reflects our historical US bent toward division of state vs. federal rights, which is why we have been resistant to having 4 banks with 95% market share like Canada. What is relevant for the rest of the portfolio is...

First Republic Bank (NYSE: FRC) is one today's most active stocks by volume. So far today, approximately 37.14M shares of First Republic Bank have been exchanged, as compared to an average 30-day volume of 35M shares. First Republic Bank, together with its subsidiaries, provides private bankin...

2023-04-24 11:48:08 ET Shares of First Republic (NYSE: FRC) traded nearly 14% higher at one point earlier today, ahead of the bank's scheduled first-quarter earnings report, which is set to be released after the market closes today. This will most likely be the most important earnin...

2023-04-24 06:29:17 ET Stock index futures pointed to a slightly lower open Monday with little to spur solid moves ahead of the bell. S&P futures ( SPX ) -0.1% , Nasdaq 100 futures ( NDX:IND ) -0.1% and Dow futures ( INDU ) -0.2% were lower. "There&#x...