First Republic Bank (FRC) Tops Q3 EPS by 2c
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First Republic Reports Third Quarter 2022 Results
October 14, 2022 7:00 AM EDT
Year-Over-Year Net Interest Income Rose 21%
Tangible Book Value Per Share Increased 11%
SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended September 30, 2022.
First Republic had another quarter of strong results, said Mike Roffler, Chief Executive Officer and President. Loans were up very nicely, and, importantly, credit quality remains excellent. This quarters results demonstrate the durability of our client-focused business model and service culture.
Quarterly Highlights
Financial Results
Year-over-year:
Revenues were $1.5 billion, up 16.9%.
... More