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First Republic Bank Q2 Earnings Advance

First Republic Bank (FRC) released a profit for its second quarter that increased from last year.

The company's bottom line totaled $197.62 million, or $1.20 per share. This compares with $172.26 million, or $1.06 per share, in last year's second quarter.

Analysts had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First Republic Bank earnings at a glance:

-Earnings (Q2): $197.62 Mln. vs. $172.26 Mln. last year.
-EPS (Q2): $1.20 vs. $1.06 last year.
-Analysts Estimate: $1.17

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