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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 |
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JPMorgan Chase Closing 25% of First Republic's Branches After Acquisition
J.P. Morgan Chase will close 21 of the 84 branches of its recent acquisition, First Republic Bank. About 100 employees will be affected by the closures, Reuters reported Thursday (June 1).
JPMorgan is closing 25% of First Republic's branches
JPMorgan Chase is pulling the plug on 21 branches acquired during its takeover of failed regional bank First Republic.
JPMorgan closing 25% of First Republic Bank branches
JPMorgan Chase says it will shut down 21 branches of its recently acquired First Republic Bank by the end of 2023, representing a quarter of the former bank's locations.
JPMorgan to close 21 First Republic Bank branches before year's end
The locations account for about a quarter of First Republic's 84 branches across eight states.
Exclusive: JPMorgan to close 21 First Republic Bank branches
JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations, a JPMorgan spokesperson said on Thursday.
Source: https://incomestatements.info
Category: Stock Reports