First Republic Bank (NYSE:FRC) released its quarterly earnings results on Wednesday. The bank reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.08, MarketWatch Earnings reports. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. First Republic Bank had a return on equity of 10.96% and a net margin of 22.95%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS.
FRC traded down $5.22 during trading hours on Friday, hitting $152.82. The stock had a trading volume of 23,735 shares, compared to its average volume of 1,254,964. The stock has a market cap of $26.31 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 3.27 and a beta of 1.06. First Republic Bank has a 1 year low of $70.06 and a 1 year high of $166.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.58. The company’s fifty day simple moving average is $140.61 and its 200 day simple moving average is $122.83.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 11th. Stockholders of record on Thursday, January 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. First Republic Bank’s dividend payout ratio is presently 15.38%.
First Republic Bank Company Profile
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. It operates through two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit.
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