First Republic Bank (FRC) Tops Q4 EPS by 12c, Revenues Beat
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First Republic Reports Strong 2019 Results
January 14, 2020 8:00 AM ESTRecord Loan Origination Year; Revenues Increased 10% for the Year
SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter and year ended December 31, 2019.
2019 was another very strong year across the board, said Founder, Chairman and CEO Jim Herbert. Loans, deposits and wealth management assets all grew nicely. Our results continue to reflect the strength of our unique, client-focused service model.
Full Year Highlights
Financial Results
Revenues were $3.3 billion, up 9.7%.
Net interest income was $2.8 billion, up... More
