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First Republic Reports First-Quarter Earnings Beat

M. Corey Goldman

on Friday reported first-quarter earnings that beat analysts' forecasts amid higher interest income and a particularly big jump in mortgage loans. Analysts polled by FactSet had been expecting earnings per share of $1.22. Revenue was $807.4 million, up 12%, while net interest income after provisions for loan losses was $660.8 million vs. $574.8 million a year earlier.