First Republic Bank (FRC) Tops Q4 EPS by 2c
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First Republic Reports Strong Quarterly and Annual Results
January 13, 2017 8:00 AM ESTAnnual Revenues Increased 20.1% and Diluted EPS Increased 23.6%
SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter and year ended December 31, 2016.
Results for the fourth quarter 2016 and full year were very strong and were a record in many respects, said Jim Herbert, Chairman and CEO. Asset quality remains excellent. We are also pleased to have completed the acquisition of Gradifi, the leading provider of student debt repayment benefit plans.
Full Year Highlights
Financial Results
Revenues for the year were $2.2 billion, up 20.1%.
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