First Republic Bank
FRC
NYSE3.51
First Republic Bank
NYSE:FRC
RECENT
PRICE
3.51
P/E
RATIO
0.38
(PEG:0.06)
P/E RATIO
RELATIVE
TO S&P
0.02
DIV
YLD
1.61%
High:
Low:
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Legends
Stock price
1.01 Beta (1.0 Market)
0
0
0
0
0
0
0
0
0
% total return 05/23:
Stock
S&P
1y.
0
0
3y.
0
0
5y.
0
0
0
Percent shares traded:
0
0
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Fiscal year
13.77
2.61
13.50
0.84
3.70
0.11
7.89
0.16
4.72
0.08
1.47
- -
8.52
2.79
0.19
1.65
7.78
2.10
1.31
- -
9.01
2.73
0.14
- -
10.11
3.09
2.96
0.45
11.18
3.52
3.82
0.67
12.09
3.57
3.48
0.95
12.77
3.69
3.80
1.01
14.58
4.53
5.15
1.10
16.20
4.81
5.36
1.05
18.21
5.24
6.00
1.08
19.38
5.54
4.59
1.06
22.41
6.19
2.23
1.15
28.02
8.35
5.68
1.44
31.90
9.20
0.30
1.92
Revenue per share
Earnings per share
Free Cash Flow per sh
Dividends per share
0.94
29.76
0.28
19.48
0.20
21.33
0.12
10.44
0.19
16.59
0.36
19.51
0.42
26.13
0.46
31.68
0.31
35.03
0.37
40.27
0.58
46.44
1.06
49.60
0.82
53.25
1.00
58.67
0.86
68.34
1.12
89.82
1.09
96.39
CAPEX per share
Book Value per share
26
126
126
124
129
129
130
131
136
142
149
158
163
168
172
177
181
Comm.Shares outs.(m)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
13.7
0.66
- -
10.6
0.65
- -
10.5
0.71
1.38%
12.0
0.70
1.60%
14.2
0.78
1.88%
16.4
0.82
1.67%
15.8
0.71
1.53%
19.9
0.84
1.10%
18.2
0.73
1.13%
18.1
0.75
1.05%
18.2
0.48
1.02%
22.5
0.75
0.77%
16.3
0.77
1.29%
Avg. annual P/E ratio
P/E relative to S&P500
Avg. annual div. yield
Capital Structure (31/12/22 | Q4)
Total liabilities
$195,193 m.
Total assets
$212,639 m.
Long-term debt
$8,579 m.
Cash and equiv.
$4,283 m.
Goodwill $172 m.
Retained earnings $7,886 m.
Common stock 182 m. shares
Market Capitalisation
$654 m. (as of 28/5/23)
1,163
- -
1,315
- -
1,469
45.2%
1,649
- -
1,809
- -
2,169
- -
2,553
- -
2,967
- -
3,254
- -
3,853
- -
4,960
- -
5,773
- -
Revenue (m)
Operating margin
(1)
352
44
402
64
462
61
487
70
522
85
673
92
758
114
854
138
930
166
1,064
184
1,478
192
1,665
Depreciation (m)
Net profit (m)
35.7%
30.3%
30.4%
30.6%
30.4%
31.5%
27.3%
29.5%
24.4%
28.9%
18.6%
31.1%
16.9%
29.7%
18.8%
28.8%
17.9%
28.6%
20.2%
27.6%
19.1%
29.8%
22.2%
28.8%
Income tax rate
Net profit margin
24,347
2,329
2,518
29,972
3,281
3,399
36,165
5,193
4,160
40,455
5,711
4,778
46,988
4,427
5,706
56,413
6,711
6,909
67,344
9,972
7,818
81,152
10,374
8,678
94,912
14,287
9,851
121,231
14,525
11,751
152,142
6,882
15,898
- -
8,579
17,446
Working capital (m)
Long-term debt (m)
Equity (m)
1.5%
2.4%
14.0%
1.4%
2.0%
11.8%
1.3%
1.9%
11.1%
1.2%
1.7%
10.2%
1.1%
1.4%
9.2%
1.1%
1.4%
9.7%
1.1%
1.4%
9.7%
1.3%
1.6%
9.8%
1.4%
1.7%
9.4%
1.1%
1.4%
9.1%
0.9%
1.2%
9.3%
1.1%
1.4%
9.5%
ROIC
Return on capital
Return on equity
Working Capital
2020
2021
2022
Cash assets
7,001
14,853
6,189
Receivables
431
501
708
Inventory
- -
- -
- -
Other
113,799
135,313
(5,331)
Current assets
121,231
152,142
- -
Acc. Payable
- -
- -
- -
Debt due
- -
- -
6,700
Other
- -
- -
(6,700)
Current liab.
- -
- -
- -
100.0%
- -
100.0%
(5.8)%
85.5%
14.7%
80.9%
17.1%
73.3%
(24.0)%
72.5%
(54.3)%
75.7%
(48.6)%
78.1%
(0.5)%
79.4%
31.9%
81.0%
25.5%
81.4%
(57.1)%
82.8%
(36.9)%
Plowback ratio
Div.&Repurch. to FCF
First Republic Bank (US) started trading on December 4, 2010 (cik: 0001132979), operates in the Financial Services sector (Banks—Regional industry), has 7,213 full-time employees, and is led by Mr. Michael J. Roffler. First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. It operates in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook accounts, as well as certificates of deposit. It also offers a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate and construction loans, personal and business loans, single family construction loans, and other loans and lines of credit to businesses and individuals. The company's loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, online investment management, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2021, it offered its services through 82 licensed deposit taking offices primarily in the San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. It also has 12 additional offices that offer lending, wealth management, or trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.
Annual rates
(avg rate of change)
Past
5 y.
Past
10 y.
Revenues
18.30%
16.56%
Cash flow
-0.77%
8.13%
Earnings
18.72%
15.74%
Dividends
19.50%
17.40%
Book value
19.46%
17.48%
Insider trading
Type
Shares
Date
Nothing found
Fiscal Year Ends
Quarterly Revenue (m)
Full fiscal year
I
II
III
IV
2020
900
905
985
1,063
3,853
2021
1,118
1,212
1,285
1,345
4,960
2022
1,374
1,484
1,500
1,415
5,773
Fiscal Year Ends
Earnings per share
Full fiscal year
I
II
III
IV
2020
1.27
1.49
1.70
1.72
6.19
2021
1.89
2.11
2.09
2.26
8.35
2022
2.22
2.39
2.46
2.13
9.20
Fiscal Year Ends
Quarterly dividends paid
Full fiscal year
I
II
III
IV
2020
0.27
0.29
0.29
0.30
1.15
2021
0.31
0.36
0.36
0.41
1.44
2022
0.43
0.50
0.50
0.50
1.92
05/02/2023
Why Washington Let JPMorgan Buy First Republic
The Wall Street Journal - Read more...
05/01/2023
JPMorgan CEO Contenders Are Holding the Reins at First Republic—Together
The Wall Street Journal - Read more...
05/01/2023
Jamie Dimon Wins Again in First Republic Deal
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05/01/2023
Chase Just Bought Your Bank: What First Republic Bank Customers Need to Know
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05/01/2023
First Republic Bank Is Seized and Bulk Sold to JPMorgan
The Wall Street Journal - Read more...
05/01/2023
With First Republic, JPMorgan’s Dimon Gets Over Financial Crisis Laments
The Wall Street Journal - Read more...
05/01/2023
Why First Republic Bank Collapsed
The Wall Street Journal - Read more...
05/01/2023
What’s Going On With First Republic Bank?
The Wall Street Journal - Read more...
05/01/2023
JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale
The Wall Street Journal - Read more...
04/27/2023
Why No Buyer Has Emerged for First Republic
The Wall Street Journal - Read more...
04/26/2023
First Republic’s Catch-22
The Wall Street Journal - Read more...
04/25/2023
First Republic Bank Shares Sink More Than 40% After Earnings Report
The Wall Street Journal - Read more...
04/25/2023
First Republic Lost $100 Billion in Deposits in Banking Panic
The Wall Street Journal - Read more...
04/24/2023
First Republic Joins the Living Dead
The Wall Street Journal - Read more...
04/23/2023
First Republic Earnings to Shed Light on Depth of Bank Crisis
The Wall Street Journal - Read more...
04/07/2023
First Republic Suspends Dividend on Preferred Stock
The Wall Street Journal - Read more...
03/24/2023
First Republic Bank Founder Earned a Big Payday, as Did Family Members
The Wall Street Journal - Read more...
03/21/2023
First Republic Bank Taps Lazard for Help With Review of Strategic Options
The Wall Street Journal - Read more...
03/20/2023
Dimon Leading Efforts to Craft New First Republic Rescue
The Wall Street Journal - Read more...
03/20/2023
Corrections & Amplifications
The Wall Street Journal - Read more...
03/17/2023
First Republic Shares Plunge, Erasing Thursday Gains
The Wall Street Journal - Read more...
03/17/2023
Big Banks Deposit $30 Billion in First Republic Bank
The Wall Street Journal - Read more...
03/13/2023
First Republic Gets Additional Funding From Fed, JPMorgan
The Wall Street Journal - Read more...
11/07/2022
Rising Rates Help Some Banks More Than Others
The Wall Street Journal - Read more...