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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 |
First Republic Crashed and Burned. This Bank Wants to Copy Its Business.
Citizens Financial is scooping up bankers from First Republic. Executives say they will copy only the good parts of the failed bank.
Exclusive: U.S. FDIC is probing former First Republic Bank directors and officers - spokesperson
The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank, raising the prospect of stiff penalties for the failed bank's former bosses.
FDIC publishes post-mortem of its supervision of failed First Republic Bank
A U.S. banking regulator said its supervisors could have been more aggressive in policing First Republic Bank's management of interest rate risk and uninsured deposits prior to its May failure, but it was unclear if that would have saved the...
The US government's been selling SVB and First Republic's wine collections. Past bank failures have put far weirder assets in federal hands.
The US government has been auctioning Silicon Valley Bank and First Republic's wine collections. The Federal Deposit Insurance Corp. has seized many unusual assets from failed banks over the years.
These Banks Are About to Face (Another) Profit Headwind: What It Means for Investors
The failure of three large midsize banks in 2023 has regulators watching closely for signs of further risk to the banking system. A key concern is making sure the largest of this group are well capitalized enough to make all...
Flagstar Bank hires six First Republic teams to expand private banking
Flagstar Bank, a subsidiary of New York Community Bancorp , said on Thursday it has hired six private client banking teams from the now-defunct First Republic Bank.
A Tale of 2 Banking Crises
In this analysis, I explore the key differences between the 2008 and the 2023 banking crisis, examining their causes, impacts and responses. While the 2008 crisis was a global meltdown that required massive government intervention, the 2023 crisis was more...
JPMorgan beats expectations with $14B profit boosted by First Republic acquisition
JPMorgan on Friday announced the Wall Street giant raked in $14 billion in profit in the second quarter -- despite CEO Jamie Dimon's dire economic predictions.
JPMorgan Chase profit jumps, helped by First Republic purchase
JPMorgan Chase said on Friday that the bank's profits moved 67% higher over the second quarter, as borrowers' interest payments increased from the purchase of First Republic Bank.
JPMorgan's Profit Jumps 67% After First Republic Rescue
Net interest income hit a third straight record, with the bank able to charge more on loans.
Source: https://incomestatements.info
Category: Stock Reports