First Republic Bank (NYSE:FRC) posted its earnings results on Wednesday. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.07, MarketWatch Earnings reports. First Republic Bank had a net margin of 26.82% and a return on equity of 12.40%. During the same quarter in the previous year, the company posted $1.61 EPS.
Shares of FRC opened at $204.85 on Thursday. The company has a market cap of $35.27 billion, a PE ratio of 29.47, a P/E/G ratio of 1.58 and a beta of 1.12. The business has a fifty day moving average of $198.83 and a 200 day moving average of $190.43. First Republic Bank has a 52-week low of $120.03 and a 52-week high of $207.66. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.97.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 12th. Investors of record on Thursday, October 28th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.43%. First Republic Bank’s dividend payout ratio is presently 15.15%.
About First Republic Bank
First Republic Bank engages in the provision of private banking, business banking, real estate lending, and wealth management, including trust and custody services. It operates through the Commercial Banking and Wealth Management segments. The Commercial Banking segment represents most of the operations, including real estate secured lending, retail deposit gathering, private banking activities, mortgage sales and servicing, and managing capital, liquidity, and interest rate risk.
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