First Republic Bank (FRC) Tops Q1 EPS by 6c, Miss on Revenues

First Republic Bank (NYSE: FRC) reported Q1 EPS of $1.13, $0.06 better than the analyst estimate of $1.07. Revenue for the quarter came in at $720.9 million versus the consensus estimate of $733.96 million.

Quarterly Highlights

Financial Results

Year-over-year:

• Revenues were $720.9 million, up 19.9%.
• Net income was $199.1 million, up 12.6%.
• Diluted earnings per share of $1.13, up 11.9%.
• Loan originations totaled $7.3 billion, our strongest first quarter ever, up 29.9%.
• Tangible book value per share was $41.46, up 11.6%.

For earnings history and earnings-related data on First Republic Bank (FRC) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15