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First Republic Bank Past Earnings Performance

Past criteria checks 2/6

First Republic Bank has been growing earnings at an average annual rate of 16.4%, while the Banks industry saw earnings growing at 14% annually. Revenues have been growing at an average rate of 16.8% per year. First Republic Bank's return on equity is 8.5%, and it has net margins of 24.7%.

Key information

16.4%

Earnings growth rate

13.8%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate16.8%
Return on equity8.5%
Net Margin24.7%
Last Earnings Update31 Mar 2023

Recent past performance updates

Recent updates

First Republic Bank slips 2% after the bell on stock offering

Feb 07

First Republic Bank goes ex dividend tomorrow

Jan 24

First Republic Bank Q4 2022 Earnings Preview

Jan 12

First Republic Paying A Steep Cost For Growth

Dec 08

Here's Why We Think First Republic Bank (NYSE:FRC) Is Well Worth Watching

Dec 05
Here's Why We Think First Republic Bank (NYSE:FRC) Is Well Worth Watching

First Republic Bank GAAP EPS of $2.21 beats by $0.02, revenue of $1.57B beats by $20M

Oct 14

RiverPark Advisors - First Republic Bank:  Compounding Revenues At +18%

Sep 03

First Republic names MUFG Union exec as CFO, starting November

Aug 23

First Republic Bank prices ~$353.3M stock offering

Aug 02

First Republic Bank Q2 2022 Earnings Preview

Jul 13

First Republic Bank Continues To Cushion The Blow Of Inflationary Pressures

May 14

Here's Why I Think First Republic Bank (NYSE:FRC) Is An Interesting Stock

Apr 17
Here's Why I Think First Republic Bank (NYSE:FRC) Is An Interesting Stock

A Rare Opportunity At First Republic

Feb 23

Revenue & Expenses Breakdown

How First Republic Bank makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

OTCPK:FRCB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 235,5651,3723,0870
31 Dec 225,7581,5073,1670
30 Sep 225,6941,5293,1270
30 Jun 225,4761,4693,0360
31 Mar 225,2111,4272,9170
31 Dec 214,9751,3792,7840
30 Sep 214,6781,2902,6110
30 Jun 214,3811,2232,4300
31 Mar 214,0561,1152,2520
31 Dec 203,7601,0052,1240
30 Sep 203,5829622,0250
30 Jun 203,4309051,9530
31 Mar 203,3408731,9040
31 Dec 193,2798811,8450
30 Sep 193,1978611,7810
30 Jun 193,1278351,7270
31 Mar 193,0548231,6780
31 Dec 182,9687961,6240
30 Sep 182,8657611,5800
30 Jun 182,7757501,5270
31 Mar 182,6687251,4580
31 Dec 172,5527001,3820
30 Sep 172,4596811,3060
30 Jun 172,3386501,2360
31 Mar 172,2426251,1740
31 Dec 162,1656051,1210
30 Sep 162,0595681,0730
30 Jun 161,9735331,0210
31 Mar 161,8905029740
31 Dec 151,7864639210
30 Sep 151,7064408730
30 Jun 151,6794438390
31 Mar 151,6294338000
31 Dec 141,5934317630
30 Sep 141,5534327210
30 Jun 141,4764126790
31 Mar 141,4404076490
31 Dec 131,4304216210
30 Sep 131,4074215990
30 Jun 131,3874175830
31 Mar 131,3483955630
31 Dec 121,2863695410
30 Sep 121,2453585220

Quality Earnings: FRCB has high quality earnings.

Growing Profit Margin: FRCB's current net profit margins (24.7%) are lower than last year (27.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: FRCB's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: FRCB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FRCB had negative earnings growth (-3.9%) over the past year, making it difficult to compare to the Banks industry average (5.1%).


Return on Equity

High ROE: FRCB's Return on Equity (8.5%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/08/24 21:39
End of Day Share Price 2023/08/24 00:00
Earnings2023/03/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Republic Bank is covered by 36 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
John HeagertyAtlantic Equities LLP
David GeorgeBaird