US stock · Financial Services sector · Banks—Regional

First Republic Bank

FRC

NYSE

3.51

USD

- -

(- -)

Market Closed

0.38P/E

-3Forward P/E

0.02P/E to S&P500

653.629MMarket CAP

13.09%Div Yield

Summary Financials Transcripts Monitoring Classic View

Upcoming Earnings

12 Jul-17 Jul

Shares Short

4/14/23

56.01M

Short % of Float

30.27%

Short % of Shares Outs.

30.08%

% Held by Insiders

0.68%

% Held by Institutions

94.15%

Beta

1.01

PEG Ratio

0.04

52w. high/low

16.36/0.27

Avg. Daily Volume

48.81M

Return %

Stock

S&P 500

1 year

(97.72)

(1.29)

3 years

(96.52)

44.78

5 years

(96.24)

57.48

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

92.34

56.32

105.52

86.26

106.75

79.42

118.43

83.68

147.24

70.06

222.86

143.60

209.30

106.86

147.68

2.98

Currency: USD

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Revenue per share

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

31.90

Earnings per share

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

9.20

FCF per share

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

0.30

Dividends per share

0.16

- -

1.65

- -

0.45

0.67

0.95

1.01

1.10

1.05

1.08

1.06

1.15

1.44

1.92

CAPEX per share

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

1.09

Book Value per sh.

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

96.39

Comm.Shares outs.

126

124

129

130

131

136

142

149

158

163

168

172

177

181

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

16.3

P/E to S&P500

- -

0.7

0.8

0.7

0.8

0.7

0.5

0.7

0.8

Avg. annual div. yield

- -

1.4%

1.6%

1.9%

1.7%

1.5%

1.1%

1.0%

0.8%

1.3%

Revenue (m)

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

5,773

Operating margin

4.9%

3.5%

- -

45.2%

- -

Depreciation (m)

(43)

(16)

(1)

114

138

166

184

192

Net profit (m)

347

271

352

402

462

487

522

673

758

854

930

1,064

1,478

1,665

Income tax rate

9.6%

27.8%

42.0%

41.2%

35.7%

30.4%

27.3%

24.4%

18.6%

16.9%

18.8%

17.9%

20.2%

19.1%

22.2%

Net profit margin

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%

28.8%

Working capital (m)

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)

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

8,579

Equity (m)

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

17,446

ROIC

15.1%

5.0%

2.5%

1.6%

1.5%

1.4%

1.3%

1.2%

1.1%

1.3%

1.4%

1.1%

0.9%

1.1%

Return on capital

2.7%

2.1%

4.3%

2.8%

2.4%

2.0%

1.9%

1.7%

1.4%

1.6%

1.7%

1.4%

1.2%

1.4%

Return on equity

0.6%

0.4%

26.7%

12.7%

14.0%

11.8%

11.1%

10.2%

9.2%

9.7%

9.8%

9.4%

9.1%

9.3%

9.5%

Plowback ratio

(49.6)%

100.0%

41.0%

100.0%

85.5%

80.9%

73.3%

72.5%

75.7%

78.1%

79.4%

81.0%

81.4%

82.8%

79.1%

Div.&Repurch./FCF

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)%

(98.2)%

Capital Structure

31 Dec · 2022 | Q4

All numbers in millions

Total liabilities

$ 195,193

Total assets

$ 212,639

Long-term debt

$ 8,579

Cash and equiv.

$ 4,283

Goodwill

$ 172

Retained earnings

$ 7,886

Common stock

182

Enterprise Value

$ 4,950

Working Capital

Currency: USD, in millions

2020

2021

2022

Cash & Investments

7,001

16,328

4,623

Receivables

431

501

708

Inventory

- -

Other

113,799

143,165

(6,143)

Current assets

121,231

152,142

- -

Acc. Payable

- -

Debt due

- -

6,700

Other

- -

(6,700)

Current liabilities

- -

Annual growth rates

(avg. rate of change)

1 year

5 years

10 years

Revenue

16.39%

18.30%

16.56%

Cash flow

(94.53)%

(0.77)%

8.13%

Earnings

12.65%

18.72%

15.74%

Dividends

37.01%

19.50%

17.40%

Book value

9.74%

19.46%

17.48%

Quarterly Revenue

Currency: USD, in millions

Year

Total

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

Earnings per share

Currency: USD

Year

Total

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

Quarterly dividends paid

Currency: USD

Year

Total

2020

0.27

0.29

0.30

1.15

2021

0.31

0.36

0.41

1.44

2022

0.43

0.50

1.92

Company Description

Sector:

Financial Services

Industry:

Banks—Regional

CEO:

Mr. Michael J. Roffler

Full-time employees:

7,213

City:

San Francisco

Address:

111 Pine Street

IPO:

Dec 9, 2010

CIK:

0001132979

Website:

firstrepublic.com

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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First Republic Bank

3.51