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First Republic Bank Q4 Profit Rises, Beats estimates

First Republic Bank (FRC) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $368 million, or $2.02 per share. This compares with $279 million, or $1.60 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.93 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First Republic Bank earnings at a glance:

-Earnings (Q4): $368 Mln. vs. $279 Mln. last year.
-EPS (Q4): $2.02 vs. $1.60 last year.
-Analyst Estimate: $1.93

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