First Republic Bank (FRC) Tops Q1 EPS by 8c

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Go back to First Republic Bank (FRC) Tops Q1 EPS by 8c

First Republic Reports Strong First Quarter 2016 Results

April 14, 2016 8:02 AM EDT

SAN FRANCISCO, April 14, 2016 /PRNewswire/ -- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended March 31, 2016.

"We're quite pleased with first quarter results," said Jim Herbert, Chairman and CEO.  "Earnings, loans, deposits and wealth management assets all grew nicely.  Credit quality and capital levels remain very strong."

Quarterly Highlights

Financial Results (1)

Compared to last year's first quarter: Revenues were $519.6 million, up 22.8%. Net income was $148.9 million, up 28.4%.... More