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First Republic Bank FRC Stock Quote

| Rating as of

NYSE: FRC

Last close prices updated as of Feb 03, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 144.5
  • Sector Financial Services
  • Industry Banks - Regional
  • Investment Style Mid Blend
  • Day Range 143.18  –  146.74
  • Year Range 106.86  –  181.75
  • Market Cap 26.4327 Bil
  • Volume / Avg 1.6 Mil /  1.6 Mil
  • Price / Sales 4.62
  • Price / Book 1.96
  • Forward Div Yield 0.75%
  • Trailing Div Yield 0.75%

Morningstar‘s Stock Analysis FRC

Valuation
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Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

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Higher Deposit Costs Continue to Bite First Republic in Q4 Results, but Asset Growth Remains Strong

Eric Compton Strategist

Analyst Note

| Eric Compton |

No-moat-rated First Republic Bank reported fourth-quarter earnings of $1.88 per share, ahead of the FactSet consensus of $1.79 and just ahead of our own estimate of $1.83. Revenue came in at $1.44 billion compared with our own estimate of $1.49 billion. Net interest margins, or NIM, and the efficiency ratio both deteriorated in the quarter, which was expected. Deposit pricing increased from 0.74% to 1.63% in the period, while the bank’s NIM went from 2.71% to 2.45%.

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Key Statistics FRC

Company Profile FRC

Business Description

First Republic offers private banking and wealth management services to high-net-worth clients. Services are primarily offered in the San Francisco, New York City, and Los Angeles markets. The bank was founded in 1985.

Contact
111 Pine Street, 2nd Floor
San Francisco, CA, 94111
Industry Banks - Regional
Employees 7,114

Related Articles FRC

FAQs for First Republic Bank Stock

No. FRC does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

FRC’s market cap is 26.43 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

FRC’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

FRC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare FRC’s historical performance against its industry peers and the overall market.