First Republic Bank (FRC) Posts Quarterly Earnings Results
First Republic Bank (NYSE:FRC) announced its earnings results on Friday. The bank reported $1.19 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 quarter last year, the firm earned $1.14 earnings per share.
FRC stock opened at $93.12 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company has a market cap of $15.14 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.64 and a beta of 0.84. First Republic Bank has a 52 week low of $84.56 and a 52 week high of $106.75.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Thursday, October 25th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.77%. First Republic Bank’s dividend payout ratio 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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