First Republic Bank (FRC) Misses Q3 EPS by 2c, Miss on Revenues

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Go back to First Republic Bank (FRC) Misses Q3 EPS by 2c, Miss on Revenues

First Republic Reports Strong Third Quarter 2018 Results

October 12, 2018 8:00 AM EDT

Year-Over-Year Total Revenues Increased 15% and Wealth Management Assets Increased 29%

SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended September30, 2018.

First Republic had a terrific quarter, said Jim Herbert, Chairman and CEO. Growth and new client acquisition across the franchise remain very strong. Credit quality remains excellent.

Quarterly Highlights

Financial Results

Year-over-year:

Revenues were $768.8 million, up 14.7%. Net income was $213.5 million, up 6.8%. Diluted earnings per share of $1.19, up 4.4%.... More