US stock · Financial Services sector · Banks—Regional
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First Republic Bank

FRCNYSE

146.37

USD
-2.57
(-1.73%)
After Hours Market
18.97P/E
15Forward P/E
0.73P/E to S&P500
26.300BMarket CAP
0.62%Div Yield
Upcoming Earnings
11 Jul-15 Jul
Shares Short
4/29/22
2.09M
Short % of Float
1.17%
Short % of Shares Outs.
1.16%
% Held by Insiders
0.67%
% Held by Institutions
97.11%
Beta
1.11
PEG Ratio
1.17
52w. high/low
222.86/136.31
Avg. Daily Volume
1.28M
Return %
Stock
S&P 500
1 year
(23.33)
(6.45)
3 years
46.84
38.29
5 years
57.91
62.74
Scale: |
High
Low
- -
- -
- -
- -
- -
- -
30.52
26.99
34.75
21.88
35.14
29.21
52.94
32.84
56.18
44.56
69.76
46.70
92.35
56.32
105.52
86.26
106.75
79.42
118.43
83.68
147.24
70.06
222.86
143.60
209.30
136.31
Currency: USD
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Revenue per share
13.77
3.70
4.72
8.52
7.78
9.01
10.11
11.18
12.09
12.77
14.58
16.20
18.21
19.38
22.41
28.02
Earnings per share
2.61
0.11
0.08
2.79
2.10
2.73
3.09
3.52
3.57
3.69
4.53
4.81
5.24
5.54
6.19
8.35
FCF per share
13.50
7.89
1.47
0.19
1.31
0.14
2.96
3.82
3.48
3.80
5.15
5.36
6.00
4.59
2.23
5.68
Dividends per share
0.84
0.16
- -
1.65
- -
- -
0.45
0.67
0.95
1.01
1.10
1.05
1.08
1.06
1.15
1.44
CAPEX per share
0.94
0.28
0.20
0.12
0.19
0.36
0.42
0.46
0.31
0.37
0.58
1.06
0.82
1.00
0.86
1.12
Book Value per sh.
29.76
19.48
21.33
10.44
16.59
19.51
26.13
31.68
35.03
40.27
46.44
49.60
53.25
58.67
68.34
89.82
Comm.Shares outs.
26
126
126
124
129
129
130
131
136
142
149
158
163
168
172
177
Avg. annual P/E ratio
- -
- -
- -
- -
13.7
10.6
10.5
12.0
14.2
16.4
15.8
19.9
18.2
18.1
18.2
22.5
P/E to S&P500
- -
- -
- -
- -
0.7
0.7
0.7
0.7
0.8
0.8
0.7
0.8
0.7
0.7
0.5
0.7
Avg. annual div. yield
- -
- -
- -
- -
- -
- -
1.4%
1.6%
1.9%
1.7%
1.5%
1.1%
1.1%
1.1%
1.0%
0.8%
Revenue (m)
365
466
594
1,058
1,002
1,163
1,315
1,469
1,649
1,809
2,169
2,553
2,967
3,254
3,853
4,960
Operating margin
(50.5)%
4.9%
3.5%
- -
- -
- -
- -
45.2%
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation (m)
27
46
68
(43)
(16)
(1)
44
64
61
70
85
92
114
138
166
184
Net profit (m)
69
14
10
347
271
352
402
462
487
522
673
758
854
930
1,064
1,478
Income tax rate
22.8%
9.6%
27.8%
42.0%
41.2%
35.7%
30.4%
30.4%
27.3%
24.4%
18.6%
16.9%
18.8%
17.9%
20.2%
19.1%
Net profit margin
19.0%
2.9%
1.7%
32.8%
27.1%
30.3%
30.6%
31.5%
29.5%
28.9%
31.1%
29.7%
28.8%
28.6%
27.6%
29.8%
Working capital (m)
8,938
2,091
5,459
19,821
21,006
24,347
29,972
36,165
40,455
46,988
56,413
67,344
81,152
94,912
121,231
152,142
Long-term debt (m)
1,654
67
3,218
1,172
694
2,329
3,281
5,193
5,711
4,427
6,711
9,972
10,374
14,287
14,525
6,882
Equity (m)
788
2,452
2,686
1,296
2,138
2,518
3,399
4,160
4,778
5,706
6,909
7,818
8,678
9,851
11,751
15,898
ROIC
2.7%
15.1%
5.0%
2.5%
1.6%
1.5%
1.4%
1.3%
1.2%
1.1%
1.1%
1.1%
1.3%
1.4%
1.1%
0.9%
Return on capital
3.5%
2.7%
2.1%
4.3%
2.8%
2.4%
2.0%
1.9%
1.7%
1.4%
1.4%
1.4%
1.6%
1.7%
1.4%
1.2%
Return on equity
8.8%
0.6%
0.4%
26.7%
12.7%
14.0%
11.8%
11.1%
10.2%
9.2%
9.7%
9.7%
9.8%
9.4%
9.1%
9.3%
Plowback ratio
67.7%
(49.6)%
100.0%
41.0%
100.0%
100.0%
85.5%
80.9%
73.3%
72.5%
75.7%
78.1%
79.4%
81.0%
81.4%
82.8%
Div.&Repurch./FCF
6.2%
1.8%
- -
859.5%
- -
(5.8)%
14.7%
17.1%
(24.0)%
(54.3)%
(48.6)%
(0.5)%
31.9%
25.5%
(57.1)%
(36.9)%
Capital Structure
31 Dec · 2021 | Q4
All numbers in millions
Total liabilities
$ 165,189
Total assets
$ 181,087
Long-term debt
$ 6,882
Cash and equiv.
$ 12,947
Goodwill
$ 172
Retained earnings
$ 6,569
Common stock
178
Enterprise Value
$ 20,235
Working Capital
Currency: USD, in millions
2019
2020
2021
Cash & Investments
2,982
7,001
16,328
Receivables
382
431
501
Inventory
- -
- -
- -
Other
91,899
117,195
146,560
Current assets
95,262
121,231
152,142
Acc. Payable
- -
- -
- -
Debt due
350
- -
- -
Other
- -
- -
- -
Current liabilities
350
- -
- -
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
28.72%
18.26%
16.03%
Cash flow
162.94%
26.76%
22.03%
Earnings
38.89%
18.73%
15.98%
Dividends
28.61%
11.76%
19.07%
Book value
35.29%
19.77%
18.89%
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2019
784
794
814
862
3,254
2020
900
905
985
1,063
3,853
2021
1,118
1,212
1,285
1,345
4,960
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2019
1.35
1.33
1.40
1.47
5.54
2020
1.27
1.49
1.70
1.72
6.19
2021
1.89
2.11
2.09
2.26
8.35
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2019
0.26
0.27
0.27
0.26
1.06
2020
0.27
0.29
0.29
0.30
1.15
2021
0.31
0.36
0.36
0.41
1.44
Company Description
Sector:
Financial Services
Industry:
Banks—Regional
CEO:
Mr. James Herbert
Full-time employees:
6,295
City:
San Francisco
Address:
111 Pine St
IPO:
Dec 9, 2010
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.
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