First Republic Bank (FRC) Misses Q3 EPS by 2c

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Go back to First Republic Bank (FRC) Misses Q3 EPS by 2c

First Republic Reports Strong Third Quarter 2017 Results

October 13, 2017 8:00 AM EDT

Year-Over-Year Revenues Increased 20%

Wealth Management Assets Surpassed $100 Billion

SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended September 30, 2017.

First Republic had another very good quarter, said Jim Herbert, Chairman and CEO. Wealth management assets reached a significant milestone, now exceeding $100 billion. This was also our best third quarter loan origination volume ever.

Quarterly Highlights

Financial Results

Year-over-year:

Revenues were $670.3 million, up 20.1%.

Net interest income was $551.0 million, up 19.6%.

... More