First Republic Bank (FRC) Tops Q2 EPS by 6c

First Republic Bank (NYSE: FRC) reported Q2 EPS of $0.97, $0.06 better than the analyst estimate of $0.91. Revenue for the quarter came in at $535.1 million versus the consensus estimate of $568.53 million.

Continued Financial and Credit Strength

• Common Equity Tier 1 ratio was 10.74%.
• Total equity has grown 19.8% from a year ago.
• Tangible book value per share was $32.53, up 13.8% from a year ago.
• Nonperforming assets were a low 9 basis points of total assets.
• Net charge-offs were $1.0 million for the quarter, or only 1 basis point of average loans.

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

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