First Republic Bank (NYSE:FRC) posted its quarterly earnings data on Tuesday. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.07, MarketWatch Earnings reports. First Republic Bank had a net margin of 26.82% and a return on equity of 12.40%. During the same quarter in the prior year, the business earned $1.61 EPS.
Shares of FRC opened at $204.85 on Thursday. First Republic Bank has a 1-year low of $120.03 and a 1-year high of $207.66. The stock has a market cap of $35.27 billion, a PE ratio of 29.47, a P/E/G ratio of 1.58 and a beta of 1.12. The firm has a 50-day simple moving average of $198.83 and a two-hundred day simple moving average of $190.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.97 and a quick ratio of 0.97.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 12th. Shareholders of record on Thursday, October 28th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.43%. First Republic Bank’s dividend payout ratio is presently 15.15%.
About First Republic Bank
First Republic Bank engages in the provision of private banking, business banking, real estate lending, and wealth management, including trust and custody services. It operates through the Commercial Banking and Wealth Management segments. The Commercial Banking segment represents most of the operations, including real estate secured lending, retail deposit gathering, private banking activities, mortgage sales and servicing, and managing capital, liquidity, and interest rate risk.
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