First Republic Bank (FRC) Tops Q4 EPS by 9c

First Republic Bank (NYSE: FRC) reported Q4 EPS of $1.60, $0.09 better than the analyst estimate of $1.51.

“First Republic had another very successful year,” said Founder, Chairman and CEO Jim Herbert. “Founded in 1985, this was our 35th consecutive year of profitability. First Republic continues to deliver safe, consistent growth, reflecting the strength of our client focused service model.”

“We’re very pleased with the double-digit growth of revenue, net interest income and earnings per share, both for the full year and the fourth quarter,” said Mike Roffler, Chief Financial Officer. “We remain focused on maintaining our capital strength and successfully raised, net, over $900 million in new Tier 1 capital in 2020.”

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

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