Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

First Republic Bank Q1 Profit Rises - Quick Facts

RELATED NEWS
Trade FRC now with 

First Republic Bank (FRC: Quote) announced financial results for the quarter ended March 31, 2012. Net income available to common stockholders was $89.31 million for the first quarter of 2012, compared to $88.8 million for last year's first quarter. Earnings per share were $0.67 for the first quarter of 2012 and 2011.

Excluding the impact of purchase accounting, net income was $68.1 million, up 25% from last year's first quarter. On this basis, earnings per share were $0.49, up 20% from last year's first quarter.

Total revenues were $313.9 million for the first quarter of 2012, compared to $285.6 million for the first quarter a year ago.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share on revenues of $283.75 million for the quarter. Analysts' estimates typically exclude special items.

First Republic also announced plans to initiate a quarterly cash dividend of $0.10 per share on its common stock. Subject to declaration by First Republic's Board of Directors, the Bank expects to commence payment during the third quarter of 2012 following the release of second quarter results.

Register
To receive FREE breaking news email alerts for First Republic Bank and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Reserve Bank of India kept its key rates unchanged once again as expected, citing upside risks to medium-term inflation target. The decision announced Tuesday meant that the repo rate was left unchanged at 8.00 percent for the fourth straight policy meeting. The repo rate is the rate at which the central bank lends to commercial banks. The Reserve Bank of India kept its key rates unchanged once again as expected, citing upside risks to medium-term inflation target. The decision announced Tuesday meant that the repo rate was left unchanged at 8.00 percent for the fourth straight policy meeting. The repo rate is the rate at which the central bank lends to commercial banks. U.K. house prices unexpectedly declined in September after rising for sixteen straight months amid signs that demand may be starting to ease, the results of a survey by the Nationwide Building Society showed Tuesday. The house price index dropped 0.2 percent from August, when it climbed 0.8 percent....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.