First Republic Bank Profit Climbs In Q1

First Republic Bank (FRC) revealed earnings for its first quarter that advanced from the same period last year.

The company's earnings came in at $279.49 million, or $1.60 per share. This compares with $235.62 million, or $1.39 per share, in last year's first quarter.

Analysts had expected the company to earn $1.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First Republic Bank earnings at a glance:

-Earnings (Q1): $279.49 Mln. vs. $235.62 Mln. last year.
-EPS (Q1): $1.60 vs. $1.39 last year.
-Analysts Estimate: $1.52

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