First Republic Bank (FRC) Misses Q3 EPS by 2c
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First Republic Reports Strong Third Quarter 2017 Results
October 13, 2017 8:00 AM EDTYear-Over-Year Revenues Increased 20%
Wealth Management Assets Surpassed $100 Billion
SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended September 30, 2017.
First Republic had another very good quarter, said Jim Herbert, Chairman and CEO. Wealth management assets reached a significant milestone, now exceeding $100 billion. This was also our best third quarter loan origination volume ever.
Quarterly Highlights
Financial Results
Year-over-year:
Revenues were $670.3 million, up 20.1%.
Net interest income was $551.0 million, up 19.6%.
... More
