First Republic Bank (FRC) Tops Q2 EPS by 23c, Revenues Beat

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First Republic Reports Second Quarter 2020 Results

July 14, 2020 7:00 AM EDT

Revenues Increased 12% Year-Over-Year

Net Income Increased 15% Year-Over-Year

SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended June 30, 2020.

Second quarter results were very strong, said Jim Herbert, Founder, Chairman and CEO of First Republic. Loan origination volume was our best ever, while deposits and wealth management assets also grew very nicely. Since its founding 35 years ago, First Republics simple, conservative, client-centric business model has delivered consistently strong results.

Quarterly Highlights

Financial Results

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