First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas in the United States.
Flawless balance sheet with acceptable track record.
Share Price & News
How has First Republic Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRC.PRI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FRC.PRI exceeded the US Banks industry which returned -16.6% over the past year.
Return vs Market: FRC.PRI underperformed the US Market which returned 18% over the past year.
Price Volatility Vs. Market
How volatile is First Republic Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is First Republic Bank undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FRC.PRI ($27.28) is trading above our estimate of fair value ($18.94)
Significantly Below Fair Value: FRC.PRI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FRC.PRI is poor value based on its PE Ratio (22x) compared to the US Banks industry average (10x).
PE vs Market: FRC.PRI is poor value based on its PE Ratio (22x) compared to the US market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: FRC.PRI is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: FRC.PRI is overvalued based on its PB Ratio (2.1x) compared to the US Banks industry average (0.8x).
How is First Republic Bank forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRC.PRI's forecast earnings growth (9.8% per year) is above the savings rate (2.2%).
Earnings vs Market: FRC.PRI's earnings (9.8% per year) are forecast to grow slower than the US market (24.2% per year).
High Growth Earnings: FRC.PRI's earnings are forecast to grow, but not significantly.
Revenue vs Market: FRC.PRI's revenue (11.2% per year) is forecast to grow faster than the US market (9.5% per year).
High Growth Revenue: FRC.PRI's revenue (11.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRC.PRI's Return on Equity is forecast to be low in 3 years time (9.5%).
How has First Republic Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRC.PRI has high quality earnings.
Growing Profit Margin: FRC.PRI's current net profit margins (26.4%) are lower than last year (26.7%).
Past Earnings Growth Analysis
Earnings Trend: FRC.PRI's earnings have grown by 14.3% per year over the past 5 years.
Accelerating Growth: FRC.PRI's earnings growth over the past year (8.4%) is below its 5-year average (14.3% per year).
Earnings vs Industry: FRC.PRI earnings growth over the past year (8.4%) exceeded the Banks industry -3%.
Return on Equity
High ROE: FRC.PRI's Return on Equity (9%) is considered low.
How is First Republic Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FRC.PRI's Assets to Equity ratio (12.1x) is moderate.
Allowance for Bad Loans: FRC.PRI has a sufficient allowance for bad loans (354%).
Low Risk Liabilities: 84% of FRC.PRI's liabilities are made up of primarily low risk sources of funding.
Loan Level: FRC.PRI has an appropriate level of Loans to Assets ratio (77%).
Low Risk Deposits: FRC.PRI's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: FRC.PRI has an appropriate level of bad loans (0.2%).
What is First Republic Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRC.PRI's dividend (0.68%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: FRC.PRI's dividend (0.68%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Stability and Growth of Payments
Stable Dividend: FRC.PRI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: FRC.PRI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: FRC.PRI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FRC.PRI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Herbert (76 yo)
Mr. James H. Herbert, II, also known as Jim, serves as a Member of the Federal Advisory Council at Federal Reserve Bank of San Francisco since April 12, 2018. He co-founded First Republic Bank in 1985 and ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD12.88M) is about average for companies of similar size in the US market ($USD11.30M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
|President & Director||1.5yrs||US$8.65m||0.0090% |
|Executive VP & CFO||5.58yrs||US$5.95m||0.029% |
|Senior EVP & Chief Credit Officer||25.58yrs||US$6.88m||0.012% |
|Chief Banking Officer & Senior EVP||8.42yrs||US$6.59m||0.020% |
|Executive VP & COO||4.58yrs||no data||0.013% |
|Senior VP & Chief Accounting Officer||4.92yrs||no data||0.0020% |
|Executive VP & Chief Information Officer||2.58yrs||no data||no data|
|Chief Administrative Officer||4.58yrs||no data||0.0076% |
|VP & Director of Investor Relations||no data||no data||no data|
|Executive VP||28.58yrs||US$1.11m||0.00058% |
|Senior VP||2.58yrs||no data||no data|
Experienced Management: FRC.PRI's management team is considered experienced (4.9 years average tenure).
|President & Director||1.5yrs||US$8.65m||0.0090% |
|Chairman Emeritus||no data||no data||no data|
|Vice Chairman of the Board||4.58yrs||US$401.90k||0.097% |
|Independent Director||5.58yrs||US$261.80k||0.014% |
|Independent Director||10.58yrs||US$285.70k||0.018% |
|Independent Director||10.58yrs||US$284.90k||0.019% |
|Independent Director||10.58yrs||US$268.20k||0.031% |
|Independent Director||9.83yrs||US$279.00k||0.0093% |
|Independent Lead Outside Director||4.25yrs||US$329.20k||0.0074% |
|Independent Director||5.58yrs||US$263.00k||0.0055% |
|Chairman of Community Advisory Board||3.83yrs||no data||no data|
Experienced Board: FRC.PRI's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
First Republic Bank's company bio, employee growth, exchange listings and data sources
- Name: First Republic Bank
- Ticker: FRC.PRI
- Exchange: NYSE
- Founded: 1985
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$20.196b
- Shares outstanding: 172.12m
- Website: https://www.firstrepublic.com
Number of Employees
- First Republic Bank
- 111 Pine Street
- 2nd Floor
- San Francisco
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRC||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 2010|
|FRC *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Dec 2010|
|81R||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2010|
|FRC.PRF||NYSE (New York Stock Exchange)||5.70 DPRP PFD F||US||USD||May 2015|
|FRC.PRG||NYSE (New York Stock Exchange)||DEP PFD SER G||US||USD||Feb 2016|
|FRC.PRH||NYSE (New York Stock Exchange)||DEP SHS RP PFD H||US||USD||May 2017|
|FRC.PRI||NYSE (New York Stock Exchange)||5.5% NON CUM PERP REP SER I||US||USD||Jun 2018|
|F1RC34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas in the United S ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/15 06:11|
|End of Day Share Price||2020/08/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.