First Republic Bank (FRC) Tops Q2 EPS by 3c, Revenues Miss
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First Republic Reports Strong Second Quarter 2018 Results
July 13, 2018 8:00 AM EDTYear-Over-Year Total Revenues Increased 16% and Wealth Management Assets Increased 27%
SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended June 30, 2018.
First Republic had an excellent second quarter and first half of the year, said Jim Herbert, Chairman and CEO. Our client-focused service model continues to attract many new households, and business remains very good across the enterprise.
Quarterly Highlights
Financial Results
Year-over-year: Revenues were $744.1 million, up 16.0%. Net income was $209.8 million, up 12.4%.... More