First Republic Bank (NYSE:FRC) announced its quarterly earnings results on Wednesday. The bank reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.08, MarketWatch Earnings reports. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. First Republic Bank had a return on equity of 10.96% and a net margin of 22.95%. The business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share.
FRC stock traded down $5.22 during mid-day trading on Friday, hitting $152.82. The stock had a trading volume of 23,735 shares, compared to its average volume of 1,254,964. The firm has a fifty day simple moving average of $140.61 and a 200 day simple moving average of $122.83. The firm has a market capitalization of $26.31 billion, a P/E ratio of 27.53, a P/E/G ratio of 3.27 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.58. First Republic Bank has a 52 week low of $70.06 and a 52 week high of $166.82.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 11th. Shareholders of record on Thursday, January 28th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. First Republic Bank’s payout ratio is 15.38%.
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 in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit.
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