First Republic Bank (FRC) Tops Q2 EPS by 3c
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First Republic Bank (NYSE: FRC) reported Q2 EPS of $0.77, $0.03 better than the analyst estimate of $0.74.
"Record loan originations and renewed deposit growth were the result of healthy conditions in our markets and the continued execution of our business model," said Katherine August-deWilde, President and Chief Operating Officer."“Wealth management assets grew substantially, rising $5.7 billion through the first six months of the year."
The Bank’s Tier 1 leverage ratio was 9.83%, compared to 9.35% at March 31, 2013. In April 2013, the Bank issued $190 million of 5.50% Noncumulative Perpetual Preferred Stock, which qualifies as Tier 1 capital.
Book value per share was $23.50, up 13% from a year ago.
For earnings history and earnings-related data on First Republic Bank (FRC) click here.
"Record loan originations and renewed deposit growth were the result of healthy conditions in our markets and the continued execution of our business model," said Katherine August-deWilde, President and Chief Operating Officer."“Wealth management assets grew substantially, rising $5.7 billion through the first six months of the year."
The Bank’s Tier 1 leverage ratio was 9.83%, compared to 9.35% at March 31, 2013. In April 2013, the Bank issued $190 million of 5.50% Noncumulative Perpetual Preferred Stock, which qualifies as Tier 1 capital.
Book value per share was $23.50, up 13% from a year ago.
For earnings history and earnings-related data on First Republic Bank (FRC) click here.
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