Vmbook Online ordering

First Republic Bank

First Republic Bank (FRCO) is a commercial bank and wealth management company based in San Francisco, California. The company provides a range of private banking, private business banking, and private wealth management services.

In terms of recent financial performance, for the third quarter of 2021, First Republic reported net income of $415.3 million, an increase of 35.3% compared to the same period in 2020. Diluted earnings per share for the quarter were $1.79, up from $1.32 in the third quarter of 2020.

The bank's total revenue for the third quarter of 2021 was $1.2 billion, an increase of 23.3% compared to the same period in 2020. The bank's net interest margin, which is a key measure of profitability for financial institutions, was 2.94% in the third quarter of 2021, compared to 2.76% in the same period of 2020.

First Republic Bank has a strong record of earnings and revenue growth. Over the past five years, the bank's earnings per share have grown at a compound annual growth rate of 19.5%, and its revenue has grown at a compound annual growth rate of 13.6%.

The bank has a strong capital position, with a common equity tier 1 capital ratio of 11.8% as of September 30, 2021. This is well above the regulatory minimum and indicates that the bank has a strong capacity to absorb losses.

First Republic Bank's stock has performed well in recent years. As of December 13, 2021, the stock is trading at around $195 per share, up from around $115 per share at the start of 2021. The company has a market capitalization of around $33 billion.

It is important to note that past performance is not a guarantee of future results, and it is always recommended to do thorough research and consult a financial advisor before making investment decisions.