First Republic Bank (FRC) Tops Q1 EPS by 4c
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First Republic Reports Strong First Quarter 2019 Results
April 12, 2019 8:00 AM EDTYear-Over-Year Net Interest Income Increased 15% and Wealth Management Assets Increased 24%
SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended March31, 2019.
Loans, deposits and wealth management assets have all grown nicely compared to a year ago, said Jim Herbert, Chairman, CEO & Founder. We are delivering exceptional, differentiated client service, which is reflected in continued strong household acquisition across the franchise.
Quarterly Highlights
Financial Results
Year-over-year:
Revenues were $807.4 million, up 12.0%.
Net interest income was $675.0 million, up 14.8%.... More
