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FRC

First Republic Bank NYSE:FRC Stock Report

Last Price

US$168.90

Market Cap

US$30.7b

7D

3.0%

1Y

-15.1%

Updated

13 Aug, 2022

Data

Company Financials +
FRC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends0/6

FRC Stock Overview

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States.

First Republic Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Republic Bank
Historical stock prices
Current Share PriceUS$168.90
52 Week HighUS$222.86
52 Week LowUS$133.37
Beta1.11
1 Month Change11.87%
3 Month Change19.43%
1 Year Change-15.06%
3 Year Change83.47%
5 Year Change75.37%
Change since IPO504.94%

Recent News & Updates

Aug 02

First Republic Bank prices ~$353.3M stock offering

First Republic Bank (NYSE:FRC) shares dropped ~3% pre-market on Tuesday after the firm priced its underwritten public offering of 2.25M shares of its common stock at ~$157/share for expected gross proceeds of ~$353.3M. Underwriters have been granted a 30-day option to purchase up to an additional 337,500 shares from First Republic. Net proceeds from the offering will be used for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio. The offering is expected to close on or about August 4, 2022.

Shareholder Returns

FRCUS BanksUS Market
7D3.0%5.3%3.2%
1Y-15.1%-10.9%-10.1%

Return vs Industry: FRC underperformed the US Banks industry which returned -10.9% over the past year.

Return vs Market: FRC underperformed the US Market which returned -10.1% over the past year.

Price Volatility

Is FRC's price volatile compared to industry and market?
FRC volatility
FRC Average Weekly Movement4.4%
Banks Industry Average Movement3.7%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: FRC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FRC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19856,452Mike Rofflerhttps://www.firstrepublic.com

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. It operates in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook accounts, as well as certificates of deposit.

First Republic Bank Fundamentals Summary

How do First Republic Bank's earnings and revenue compare to its market cap?
FRC fundamental statistics
Market CapUS$30.73b
Earnings (TTM)US$1.47b
Revenue (TTM)US$5.48b

20.9x

P/E Ratio

2.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRC income statement (TTM)
RevenueUS$5.48b
Cost of RevenueUS$0
Gross ProfitUS$5.48b
Other ExpensesUS$4.01b
EarningsUS$1.47b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.07
Gross Margin100.00%
Net Profit Margin26.83%
Debt/Equity Ratio74.7%

How did FRC perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

12%

Payout Ratio