First Republic Bank (FRC) Stock Price, News & Analysis

Company Overview

First Republic Bank was founded by Jim Herbert with the intention of providing exceptional levels of customer service. It was his belief that customer service would set the bank apart and create a profitable investment for its shareholders. After 35 years, his vision has proven true with a 25% CAGR that continues to this day. The initial enterprise value has grown from only $8.8 million in that time, to over $19 billion making it the 14th largest bank in the US. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

First Republic Bank with its subsidiaries operates in two segments and provides personal banking, business banking, and wealth management services to individuals, families, organizations, and small businesses in the United States. The company’s services are available in-person at one of the more than 80 offices or via ATM, online, mobile, and debit cards.

The company offers deposit products including checking and saving accounts, money market, and CDs as well as a range of lending products. The full range of lending products includes but is not limited to residential mortgages, home equity lines of credit, commercial real estate and construction loans, and personal and business loans.

The company’s wealth management services include advisory services, online investment management, trusts, estate planning, and alternative investments as well as insurance and foreign exchange. The online brokerage service is available to all clients and can be accessed at any time via a web browser or mobile device.

First Republic Bank operates a network of more than 80 deposit-taking branches and 12 wealth management offices. The network is located primarily in California with additional branches in major metropolitan areas and two destination locations that include Portland, Boston, Palm Beach, Greenwich, New York, and Jackson, Wyoming.

First Republic Bank has proven its worth over the year by maintaining a consistently strong capital level, asset quality, and liquidity position. Its prudent management has allowed it to weather market ups and downs while commanding investment grade ratings for its bonds and preferred stock.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: N/A
• 50-Day Range: $2.30 to $123.22
• 52-Week Range: N/A
• Volume: 16.16 million shs
• Average Volume: 36.30 million shs
• Market Capitalization: $413.19 million
• P/E Ratio: 0.31
• Dividend Yield: 17.45%
• Price Target: N/A
• Consensus Rating: N/A

First Republic Bank Stock Analysis - MarketRank™

First Republic Bank scored higher than 40% of companies evaluated by MarketBeat, and ranked 720th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for First Republic Bank.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for First Republic Bank are expected to grow in the coming year, from ($0.77) to $0.49 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Republic Bank is 0.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Republic Bank is 0.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for FRC.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

First Republic Bank is a leading dividend payer. It pays a dividend yield of 17.45%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

First Republic Bank does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First Republic Bank is 14.44%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on EPS estimates, First Republic Bank will have a dividend payout ratio of 220.41% in the coming year. This indicates that First Republic Bank may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.39

Short Interest

There is no current short interest data available for FRC.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

1 people have searched for FRC on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First Republic Bank insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.70% of the stock of First Republic Bank is held by insiders.

Percentage Held by Institutions

95.24% of the stock of First Republic Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FRC Stock Analysis - Frequently Asked Questions

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) issued its quarterly earnings data on Monday, April, 24th. The bank reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.51. The company's revenue for the quarter was down 13.4% on a year-over-year basis.
Read the conference call transcript.

What other stocks do shareholders of First Republic Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Republic Bank investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Home Depot (HD) and BlackRock (BLK).

Company Calendar

• Last Earnings: 4/24/2023
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Commercial banks, not elsewhere classified
• Sub-Industry: Regional Banks
• Current Symbol: NYSE:FRC
• CUSIP: 33616C10
• CIK: 1132979
• Web: www.firstrepublic.com
• Phone: (415) 392-1400
• Fax: 415-392-1413
• Employees: 7,213
• Year Founded: 1985

Profitability

• EPS (Most Recent Fiscal Year): $7.48
• Trailing P/E Ratio: 0.31
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $1.67 billion
• Net Margins: 20.45%
• Pretax Margin: 26.17%
• Return on Equity: 11.26%
• Return on Assets: 0.72%

Debt

• Debt-to-Equity Ratio: 1.83
• Current Ratio: 1.00
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $5.77 billion
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 0.60
• Book Value: $79.92 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 179,647,000
• Free Float: 178,389,000
• Market Cap: $413.19 million
• Optionable: Optionable
• Beta: 1.01