First Republic Bank (FRC) Announces Proposed 2.5M Share Common Offering

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First Republic Bank (FRC) Prices 2.5M Share Offering for Expected Gross Proceeds of Approx. $295M

January 15, 2020 8:33 AM EST

First Republic Bank (First Republic) (NYSE: FRC), a leading private bank and wealth management company, today announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock for expected gross proceeds of approximately $295.0 million before underwriting discounts and commissions and estimated offering expenses. First Republic has also granted... More

First Republic Bank (FRC) Tops Q4 EPS by 12c, Revenues Beat

January 14, 2020 8:02 AM EST

First Republic Bank (NYSE: FRC) reported Q4 EPS of $1.39, $0.12 better than the analyst estimate of $1.27. Revenue for the quarter came in at $877.5 million versus the consensus estimate of $858.45 million.

2019 was another very strong year across the board, said Founder, Chairman and CEO Jim Herbert. Loans,... More