First Republic Bank (FRC) Announces Quarterly Earnings Results
First Republic Bank (NYSE:FRC) posted its quarterly earnings data on Friday. The bank reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01), MarketWatch Earnings reports. First Republic Bank had a return on equity of 11.73% and a net margin of 24.80%. During the same period last year, the company posted $1.14 EPS.
FRC stock opened at $93.12 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $15.14 billion, a PE ratio of 21.61, a P/E/G ratio of 1.64 and a beta of 0.84. First Republic Bank has a twelve month low of $84.56 and a twelve month high of $106.75.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Stockholders of record on Thursday, October 25th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.77%. First Republic Bank’s dividend payout ratio (DPR) is currently 16.71%.
About First Republic Bank
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 of the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.
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