First Republic Bank (FRC) PT Lowered to $85 at Piper Jaffray

Go back to First Republic Bank (FRC) PT Lowered to $85 at Piper Jaffray

First Republic Reports Strong Second Quarter 2019 Results

July 16, 2019 8:00 AM EDT

Strongest Loan Origination Quarter

Year-Over-Year Loans Increased 19%, Revenues Increased 10%

SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended June 30, 2019.

The franchise continues to perform well, said Jim Herbert, Chairman, CEO & Founder. Loans and deposits grew very nicely and our client-focused business model continues to deliver strong, safe, organic growth.

Quarterly Highlights

Financial Results

Year-over-year: Revenues were $819.4 million, up 10.1%. Net interest income was... More