First Republic Bank Reveals Gain In Q1 Bottom Line

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

The company's bottom line came in at $316.31 million, or $1.79 per share. This compares with $205.66 million, or $1.2 per share, in last year's first quarter.

Analysts had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.1% to $1.1 billion from $916.18 million last year.

First Republic Bank earnings at a glance:

-Earnings (Q1): $316.31 Mln. vs. $205.66 Mln. last year.
-EPS (Q1): $1.79 vs. $1.2 last year.
-Analysts Estimate: $1.55
-Revenue (Q1): $1.1 Bln vs. $916.18 Mln last year.

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