First Republic Bank (FRC) Tops Q2 EPS by 6c

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Go back to First Republic Bank (FRC) Tops Q2 EPS by 6c

First Republic Reports Second Quarter 2022 Results

July 14, 2022 7:00 AM EDT

Year-Over-Year Revenues Increased 23% and Earnings Per Share Increased 11%

Tangible Book Value Per Share Increased 13% Year-Over-Year

SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended June 30, 2022.

First Republic had an excellent quarter, reflecting the consistency of our client-focused model and culture, said Mike Roffler, Chief Executive Officer and President. Loan growth was very strong, and credit quality remains excellent.

Quarterly Highlights

Financial Results

Year-over-year:

Revenues were $1.5 billion, up 22.6%.

Net interest income... More