FRC - First Republic Bank

NYSE - NYSE Delayed Price. Currency in USD
104.56
+7.26 (+7.46%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close97.30
Open100.83
Bid0.00 x 800
Ask104.58 x 1100
Day's Range99.97 - 105.70
52 Week Range70.06 - 122.34
Volume1,378,629
Avg. Volume1,555,245
Market Cap17.929B
Beta (5Y Monthly)1.17
PE Ratio (TTM)20.35
EPS (TTM)5.14
Earnings DateJul 14, 2020 - Jul 20, 2020
Forward Dividend & Yield0.80 (0.82%)
Ex-Dividend DateApr 29, 2020
1y Target Est102.20
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Four Wealth Managers Join First Republic in New York
    Business Wire

    Four Wealth Managers Join First Republic in New York

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Steve Condos, Kenneth Morris, Fortune S. Macri III, and Jared Katzman have joined First Republic Investment Management.

  • Why Is First Republic Bank (FRC) Up 1.3% Since Last Earnings Report?
    Zacks

    Why Is First Republic Bank (FRC) Up 1.3% Since Last Earnings Report?

    First Republic Bank (FRC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Wealth Managers Brian Zakrocki and Joseph Wladyka Join First Republic in New York
    Business Wire

    Wealth Managers Brian Zakrocki and Joseph Wladyka Join First Republic in New York

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that senior wealth managers Brian Zakrocki and Joseph Wladyka have joined First Republic Investment Management in New York.

  • Barrons.com

    Lots of Companies Cut Dividends in April. Here Are Some Big Ones That Didn’t.

    Among the S&P 500 members on the positive side of the dividend ledger in April were health-care conglomerate Johnson & Johnson and consumer-staples company Procter & Gamble.

  • First Republic Changes Location of 2020 Annual Meeting of Shareholders
    Business Wire

    First Republic Changes Location of 2020 Annual Meeting of Shareholders

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will hold its 2020 Annual Meeting of Shareholders at First Republic’s office at Rockefeller Center, 1230 Avenue of the Americas, New York, NY 10020 on Tuesday May 12, 2020 at 9:30 am Eastern time.

  • Thomson Reuters StreetEvents

    Edited Transcript of FRC earnings conference call or presentation 14-Apr-20 2:00pm GMT

    Q1 2020 First Republic Bank Earnings Call

  • Atlanta internet company alleges discrimination after PPP loan application denied because it is foreign-owned
    American City Business Journals

    Atlanta internet company alleges discrimination after PPP loan application denied because it is foreign-owned

    Atlanta internet company alleges discrimination after PPP loan application denied because it is foreign-owned

  • First Republic’s 1Q20 Results Beat Consensus by 8%; Dividend Up 5%
    SmarterAnalyst

    First Republic’s 1Q20 Results Beat Consensus by 8%; Dividend Up 5%

    First Republic Bank (FRC) has reported 1Q20 EPS of $1.20, 8% above the consensus estimate of $1.11. Meanwhile revenue for the quarter came in at $916.2 million, easily beating the consensus estimate of $872.54 million.The beat was driven by strong linked-quarter loan growth of 5.3% and a stable net interest margin (NIM), resulting from lower funding costs.“Results for the first quarter were strong,” said Jim Herbert, Founder, Chairman and CEO of First Republic. “In these very unusual times, our strength and durability, coupled with a time-tested culture of service, enable us to take great care of our colleagues, communities, and clients.”The efficiency ratio was 65.1%, versus 63.7% in 4Q19, due to seasonal payroll taxes and a credit charge related to CECL (current expected credit losses).Despite the coronavirus outbreak, 2020 guidance remained essentially unchanged from January with: 1) mid-teens loan growth; 2) a NIM of 2.65%-2.75%; and 3) an efficiency ratio of 63.5%-64.5%.“FRC reported a quarter that… would have been a strong quarter even pre-COVID-19” cheered Maxim Group’s Michael Diana following the earnings release.“To drive home the point (and what we expect to be an anomaly), FRC even raised its quarterly dividend by $0.01/share, or 5%, to $0.20/share. In addition, guidance for 2020 was much stronger than we expected.”As a result, the analyst raised his 2021 EPS estimate to $6, from $5.50, while raising his FRC price target to $120, from $110, based on the higher EPS estimate.Over the next four quarters, Diana now expects: 1) stock price appreciation of 26% to his $120 price target and, 2) a dividend yield of 0.8%, which should result in an estimated 12-month total return of about 21%.Overall however the stock has a more cautious Moderate Buy analyst consensus on TipRanks, with a $101 average analyst price target. Shares rose 7% on the earnings report, bringing FRC’s year-to-date loss to 19%. (See First Republic Bank stock analysis on TipRanks).Related News: Citigroup Shares Take a Hit as Loan Losses Widen in the First Quarter Goldman Sachs Profit Plummets 49% as Loan-Loss Provisions Balloon Costco Ramps Up Dividend By 8% More recent articles from Smarter Analyst: * Gilead’s Remdesivir US Trial Currently Ahead of Schedule- Reuters * Elon Musk Confirms Texas Still On The Cards For New Cybertruck Factory * Tesla Plotting Restart At California Factory Next Week * Snap Announces $750M Note Offering Following Stellar Q1 Earnings

  • First Republic Bank (NYSE:FRC) Exceeded Expectations And The Analyst Consensus Has Been Reviewing Its Models
    Simply Wall St.

    First Republic Bank (NYSE:FRC) Exceeded Expectations And The Analyst Consensus Has Been Reviewing Its Models

    A week ago, First Republic Bank (NYSE:FRC) came out with a strong set of quarterly numbers that could potentially lead...

  • First Republic (FRC) Beats Q1 Earnings Estimates, Stock Up
    Zacks

    First Republic (FRC) Beats Q1 Earnings Estimates, Stock Up

    First Republic's (FRC) first-quarter 2020 results reflect higher revenues, improved loan balance and elevated expenses.

  • First Republic Bank (FRC) Beats Q1 Earnings and Revenue Estimates
    Zacks

    First Republic Bank (FRC) Beats Q1 Earnings and Revenue Estimates

    First Republic Bank (FRC) delivered earnings and revenue surprises of 30.43% and 5.14%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • ACCESSWIRE

    First Republic Bank (San Francisco, California) to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / April 14, 2020 / First Republic Bank (San Francisco, California) (NYSE:FRC) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on ...

  • First Republic Reports First Quarter 2020 Results
    Business Wire

    First Republic Reports First Quarter 2020 Results

    First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended March 31, 2020.

  • Lower Interest Rates to Mar First Republic's (FRC) Q1 Earnings
    Zacks

    Lower Interest Rates to Mar First Republic's (FRC) Q1 Earnings

    Decline in rates and fall in fee income are likely to have adversely impacted First Republic's (FRC) performance in the first quarter.

  • Is First Republic Bank's (NYSE:FRC) CEO Overpaid Relative To Its Peers?
    Simply Wall St.

    Is First Republic Bank's (NYSE:FRC) CEO Overpaid Relative To Its Peers?

    Jim Herbert has been the CEO of First Republic Bank (NYSE:FRC) since 1985. First, this article will compare CEO...

  • First Republic Bank Announces First Quarter 2020 Earnings and Conference Call Date
    Business Wire

    First Republic Bank Announces First Quarter 2020 Earnings and Conference Call Date

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will release first quarter 2020 financial results before the market opens on Tuesday, April 14, 2020. First Republic Bank will conduct a conference call to discuss the results at 7:00 a.m. PT / 10:00 a.m. ET the same day.

  • First Republic Bank Declares Dividend on Series J Perpetual Preferred Stock for Second Quarter 2020
    Business Wire

    First Republic Bank Declares Dividend on Series J Perpetual Preferred Stock for Second Quarter 2020

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared a cash dividend of $11.75 per share on its Noncumulative Perpetual Series J Preferred Stock. This dividend equals $0.293750 per depositary share, each representing 1/40th interest in a share of Series J Preferred Stock, which is traded on the NYSE under the symbol "FRCPrJ." The Series J Preferred Stock dividend is payable on April 30, 2020 to shareholders of record as of April 16, 2020.

  • Analysts Estimate First Republic Bank (FRC) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate First Republic Bank (FRC) to Report a Decline in Earnings: What to Look Out for

    First Republic Bank (FRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Rising Costs Might Hurt First Republic Profits: Time to Sell?
    Zacks

    Rising Costs Might Hurt First Republic Profits: Time to Sell?

    Though rise in loan originations acts as a tailwind for First Republic Bank (FRC), the profitability is likely to be hampered on increasing costs and decreasing net interest margin (NIM).

  • Hedge Funds Were Stocking Up On First Republic Bank (FRC) Before The Coronavirus
    Insider Monkey

    Hedge Funds Were Stocking Up On First Republic Bank (FRC) Before The Coronavirus

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • First Republic Honored for Corporate Social Responsibility
    Business Wire

    First Republic Honored for Corporate Social Responsibility

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it has received the Corporate Social Responsibility Award from The Foreign Policy Association (FPA).

  • First Republic Bank Declares Dividends on Four Series of Perpetual Preferred Stock for First Quarter 2020
    Business Wire

    First Republic Bank Declares Dividends on Four Series of Perpetual Preferred Stock for First Quarter 2020

    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.

  • Moody's

    First Republic Bank -- Moody's announces completion of a periodic review of ratings of First Republic Bank

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of First Republic Bank and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • First Republic pledges largest contribution yet to S.F. housing fund
    American City Business Journals

    First Republic pledges largest contribution yet to S.F. housing fund

    The commitment might even help the fund eventually buy a high-profile site at 16th Street in the Mission.

  • Moody's

    California Municipal Finance Authority -- Moody's assigns Aa3 to Harvey Mudd College's (CA) Revenue Bonds; outlook stable

    Moody's Investors Service has assigned a Aa3 to Harvey Mudd College's proposed $53.5 million of Revenue Bonds (Harvey Mudd College), Series 2020 (Federally Taxable). The assignment of the Aa3 rating and maintenance of existing ratings reflect Harvey Mudd College's exceptional student demand for its STEM (Science, Technology, Engineering, and Mathematics) programs translating into growing net tuition revenue, a strong level of spendable cash and investments providing good coverage to its debt and expenses, as well as management's fiscal discipline leading to consistently positive operating cash flows.