First Republic Bank (NYSE:FRC) released its quarterly earnings results on Friday. The bank reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.20 by ($0.01), MarketWatch Earnings reports. First Republic Bank had a net margin of 24.80% and a return on equity of 11.73%. During the same quarter in the prior year, the business posted $1.14 earnings per share.
Shares of FRC stock opened at $93.12 on Friday. First Republic Bank has a 1 year low of $84.56 and a 1 year high of $106.75. The firm has a market cap of $15.14 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.64 and a beta of 0.84. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Thursday, October 25th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.77%. First Republic Bank’s dividend payout ratio (DPR) is currently 16.71%.
About First Republic Bank
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.
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