Benzinga | Oct 13, 2020 07:22AM EDT

First Republic Bank: Q3 Earnings Insights

Shares of First Republic Bank (NYSE:FRC) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 16.03% year over year to $1.52, which beat the estimate of $1.39.

Revenue of $1,001,000,000 up by 19.57% year over year, which beat the estimate of $955,960,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

First Republic Bank hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 13, 2020

Time: 10:00 AM

ET Webcast URL: https://globalmeet.webcasts.com/starthere.jsp?ei=1374793&tp_key=88320a7b69

Recent Stock Performance

52-week high: $125.81

Company's 52-week low was at $70.06

Price action over last quarter: Up 13.08%

Company Profile

First Republic Bank is engaged in providing personalized, relationship-based services, including private banking, private business banking, real estate lending and wealth management services. The group operates its business through two business segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are attracting funds from the general public, originating loans and investing in investment securities. The Wealth Management segment consists of the investment management activities of FRIM, the Bank's mutual fund activities through third-party providers; the brokerage activities of FRSC; and the Bank's foreign exchange activities conducted on behalf of clients. Geographically, the activities are functioned through the U.S.