See more : Bazel International Limited (BAZELINTER.BO) Income Statement Analysis – Financial Results
Complete financial analysis of First Republic Bank (FRCB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Republic Bank, a leading company in the Banks – Regional industry within the Financial Services sector.
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First Republic Bank (FRCB)
Industry: Banks - Regional
Sector: Financial Services
About First Republic Bank
As of May 1, 2023, First Republic Bank went out of business. Previously, First Republic Bank provided private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. The company was founded in 1985 and was headquartered in San Francisco, California. First Republic Bank now trades on OTCPK.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.76B | 5.31B | 4.51B | 4.15B | 3.58B | 2.91B | 2.38B |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 6.76B | 5.31B | 4.51B | 4.15B | 3.58B | 2.91B | 2.38B |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.37B | 2.10B | 1.57B | 1.32B | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 71.00M | 64.00M | 43.00M | 66.00M | 0.00 | 0.00 | 0.00 |
| SG&A | 2.44B | 2.17B | 1.61B | 1.39B | 0.00 | 0.00 | 0.00 |
| Other Expenses | 3.34B | -890.00M | -565.45M | -609.23M | -574.48M | -516.21M | -454.42M |
| Operating Expenses | 5.77B | 890.00M | 565.45M | 609.23M | 574.48M | 516.21M | 454.42M |
| Cost & Expenses | 5.77B | 3.48B | 3.17B | 3.02B | 2.52B | 2.00B | 1.55B |
| Interest Income | 5.72B | 4.39B | 3.85B | 3.58B | 3.03B | 2.45B | 1.98B |
| Interest Expense | 888.00M | 271.00M | 591.00M | 815.00M | 240.46M | 165.37M | 89.95M |
| Depreciation & Amortization | 192.00M | 184.00M | 152.88M | 110.90M | 97.00M | 76.30M | 50.20M |
| EBITDA | 2.33B | 2.01B | -13.12M | -27.10M | -17.36M | -15.65M | -5.92M |
| EBITDA Ratio | 34.52% | 3.47% | 3.39% | 2.67% | 2.71% | 2.62% | 2.11% |
| Operating Income | 2.14B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income Ratio | 31.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 0.00 | -184.00M | -757.00M | 3.44M | -5.20M | -392.11M | -219.83M |
| Income Before Tax | 2.14B | 1.83B | 1.33B | 1.13B | 1.05B | 912.20M | 827.60M |
| Income Before Tax Ratio | 31.68% | 34.46% | 29.61% | 27.29% | 29.36% | 31.32% | 34.84% |
| Income Tax Expense | 476.00M | 350.00M | 269.81M | 202.91M | 197.91M | 154.54M | 154.17M |
| Net Income | 1.67B | 1.48B | 1.06B | 930.00M | 853.83M | 757.66M | 673.43M |
| Net Income Ratio | 24.63% | 27.86% | 23.61% | 22.40% | 23.84% | 26.02% | 28.35% |
| EPS | 8.33 | 7.79 | 5.85 | 5.25 | 5.24 | 4.81 | 4.53 |
| EPS Diluted | 8.23 | 7.66 | 5.81 | 5.20 | 5.16 | 4.67 | 4.37 |
| Weighted Avg Shares Out | 181.00M | 177.00M | 171.93M | 167.91M | 162.95M | 157.62M | 148.75M |
| Weighted Avg Shares Out (Dil) | 183.00M | 180.00M | 173.05M | 169.55M | 165.61M | 162.34M | 154.10M |
Morgan Stanley Is Fined Over First Republic Insider Sales
In the months before it failed last year, the executive chairman of First Republic Bank FRCB -7.69%decrease; red down pointing triangle sold more than $6.8 million worth of stock through Morgan Stanley MS 0.57%increase; green up pointing triangle. The bank...
First Republic ex-employees' lawsuit against US FDIC is dismissed
A federal judge in California dismissed a lawsuit accusing the Federal Deposit Insurance Corp (FDIC) of improperly blocking nearly 170 former employees of the failed First Republic Bank from accessing at least $150 million of retirement funds.
They Were Used to Five-Star Service at First Republic. Now They're Just Regular Customers.
Account holders gripe after bumpy early experiences with the bank's new owner, JPMorgan Chase.
What You Need To Know About the First US Bank Failure of 2024
Fulton Financial (FULT) shares surged Monday after the bank said it acquired the debt and deposits of Philadelphia-based Republic First Bank following the first bank failure of 2024. Republic First Bank was seized by regulators Friday after a deal for...
JPMorgan's First Republic Makeover Bucks Branch Closure Trend
JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. The country's largest bank is planning to open several new branches, Reuters reported Monday (Dec. 11), going against a nationwide trend as consumers shift to digital banking.
JPMorgan kicks off First Republic makeover; opens more branches
JPMorgan Chase & Co (NYSE:JPM) is set to overhaul branches it acquired from failed First Republic Bank (NYSE:FRC) as the big US bank plans to open more branches nationwide, Reuters reported on Monday. Chase Consumer Banking CEO Jennifer Roberts told the...
Exclusive: JPMorgan begins First Republic makeover as it opens more branches
JPMorgan Chase is preparing to overhaul branches it acquired from failed First Republic Bank as the lender expands its formidable national footprint.
JPMorgan says integration of First Republic Bank is going as per plan
JPMorgan Chase's integration of failed First Republic Bank is going according to the plan as it looks to retain customers and build on services it acquired, said Marianne Lake, the Co-CEO of JPMorgan's consumer and community bank.
JPMorgan Says It Is Meeting Integration Milestones Since Acquiring First Republic
J.P. Morgan Chase has retained 90% of First Republic's clients after acquiring the bank in a government-led auction earlier this year. The achievement reflects J.P.
Alecta to lead class action lawsuit against First Republic Bank
Swedish pension fund provider Alecta said on Tuesday it will lead a class action lawsuit against First Republic Bank, with the aim of recovering as much as possible of the capital that investors lost when the U.S. niche bank collapsed...
Source: https://incomestatements.info
Category: Stock Reports