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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 Growth	11.2%
Revenue growth rate	16.8%
Return on equity	8.5%
Net Margin	24.7%
Last Earnings Update	31 Mar 2023

Recent past performance updates

Recent updates

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

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)
Date	Revenue	Earnings	G+A Expenses
31 Mar 23	5,565	1,372	3,087
31 Dec 22	5,758	1,507	3,167
30 Sep 22	5,694	1,529	3,127
30 Jun 22	5,476	1,469	3,036
31 Mar 22	5,211	1,427	2,917
31 Dec 21	4,975	1,379	2,784
30 Sep 21	4,678	1,290	2,611
30 Jun 21	4,381	1,223	2,430
31 Mar 21	4,056	1,115	2,252
31 Dec 20	3,760	1,005	2,124
30 Sep 20	3,582	962	2,025
30 Jun 20	3,430	905	1,953
31 Mar 20	3,340	873	1,904
31 Dec 19	3,279	881	1,845
30 Sep 19	3,197	861	1,781
30 Jun 19	3,127	835	1,727
31 Mar 19	3,054	823	1,678
31 Dec 18	2,968	796	1,624
30 Sep 18	2,865	761	1,580
30 Jun 18	2,775	750	1,527
31 Mar 18	2,668	725	1,458
31 Dec 17	2,552	700	1,382
30 Sep 17	2,459	681	1,306
30 Jun 17	2,338	650	1,236
31 Mar 17	2,242	625	1,174
31 Dec 16	2,165	605	1,121
30 Sep 16	2,059	568	1,073
30 Jun 16	1,973	533	1,021
31 Mar 16	1,890	502	974
31 Dec 15	1,786	463	921
30 Sep 15	1,706	440	873
30 Jun 15	1,679	443	839
31 Mar 15	1,629	433	800
31 Dec 14	1,593	431	763
30 Sep 14	1,553	432	721
30 Jun 14	1,476	412	679
31 Mar 14	1,440	407	649
31 Dec 13	1,430	421	621
30 Sep 13	1,407	421	599
30 Jun 13	1,387	417	583
31 Mar 13	1,348	395	563
31 Dec 12	1,286	369	541
30 Sep 12	1,245	358	522

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%).

This company listing is no longer active

First Republic Bank Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS exceeds analyst expectations

Full year 2022 earnings: EPS exceeds analyst expectations

First Republic Bank to Report Q4, 2022 Results on Jan 13, 2023

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

First Republic Bank to Report Q3, 2022 Results on Oct 14, 2022

Recent updates

Hagens Berman Files Securities Fraud Class Action Against First Republic Bank

First Republic Bank(OTCPK:FRCB) dropped from S&P 500 Value

First Republic Bank(OTCPK:FRCB) dropped from FTSE All-World Index (USD)

First Republic Bank(NYSE:FRC) dropped from S&P 500 Value

Consensus revenue estimates fall by 22%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 17% to US$87.42

Consensus EPS estimates fall by 39%

Consensus EPS estimates fall by 14%

Price target decreased by 19% to US$118

Senior EVP & Chief Credit Officer recently sold US$983k worth of stock

Investor sentiment deteriorates as stock falls 20%

Full year 2022 earnings: EPS exceeds analyst expectations

Senior EVP & Chief Credit Officer recently sold US$594k worth of stock

Founder & Executive Chairman exercised options and sold US$1.3m worth of stock

First Republic Bank has completed a Follow-on Equity Offering.

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

Independent Lead Outside Director recently sold US$111k worth of stock

First Republic Bank goes ex dividend tomorrow

Founder & Executive Chairman recently sold US$2.6m worth of stock

Consensus EPS estimates fall by 13%

First Republic Bank Announces Management Changes

Upcoming dividend of US$0.27 per share

Full year 2022 earnings: EPS exceeds analyst expectations

First Republic Bank Q4 2022 Earnings Preview

First Republic Adds Eric Yamin and Keith Caparelli to Investment Management Division

First Republic Bank to Report Q4, 2022 Results on Jan 13, 2023

First Republic Paying A Steep Cost For Growth

Now 21% undervalued after recent price drop

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

President recently sold US$1.3m worth of stock

Now 22% undervalued after recent price drop

First Republic Bank Announces Management Changes

First Republic Bank Announces Management Changes

First Republic Bank Announces Executive Changes

Founder & Executive Chairman recently sold US$2.3m worth of stock

Investor sentiment deteriorated over the past week

First Republic Welcomes Wealth Management Team Led by Paul Vasady-Kovacs

Upcoming dividend of US$0.27 per share

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to US$161

First Republic Bank Declares Cash Dividend for Third Quarter, Payable on November 10, 2022

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

First Republic Bank to Report Q3, 2022 Results on Oct 14, 2022

First Republic Bank Announces Management Changes

First Republic Bank Appoints Rick Osterloh to Board of Directors

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

First Republic Bank Names Neal Holland as Executive Vice President, Effective November 2, 2022

First Republic names MUFG Union exec as CFO, starting November

Senior EVP & Chief Banking Officer recently sold US$418k worth of stock

First Republic Bank Appoints David Loeb as Managing Director and Wealth Manager

First Republic Bank Appoints Susie Cranston as Executive Vice President and Chief Operating Officer, Effective from September 1, 2022

First Republic Bank Appoints Theresa Rutledge as Managing Director

First Republic Bank prices ~$353.3M stock offering

Insider recently sold US$308k worth of stock

Upcoming dividend of US$0.27 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Republic Bank Declares Cash Dividend for the Second Quarter, Payable on August 11, 2022

First Republic Bank Q2 2022 Earnings Preview

First Republic Bank to Report Q2, 2022 Results on Jul 14, 2022

Insider exercised options and sold US$811k worth of stock

Independent Director recently sold US$124k worth of stock

Senior EVP & Chief Credit Officer exercised options and sold US$25k worth of stock

First Republic Bank Continues To Cushion The Blow Of Inflationary Pressures

Senior EVP & Chief Banking Officer recently sold US$641k worth of stock

Senior EVP & Chief Banking Officer recently sold US$641k worth of stock

Upcoming dividend of US$0.27 per share

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