We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

First Republic Bank (FRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Republic Bank (FRC) delivered earnings and revenue surprises of 30.43% and 5.14%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared a cash dividend of $11.75 per share on its Noncumulative Perpetual Series J Preferred Stock. This dividend equals $0.293750 per depositary share, each representing 1/40th interest in a share of Series J Preferred Stock, which is traded on the NYSE under the symbol "FRCPrJ." The Series J Preferred Stock dividend is payable on April 30, 2020 to shareholders of record as of April 16, 2020.

Though rise in loan originations acts as a tailwind for First Republic Bank (FRC), the profitability is likely to be hampered on increasing costs and decreasing net interest margin (NIM).

Among the S&P 500 members on the positive side of the dividend ledger in April were health-care conglomerate Johnson & Johnson and consumer-staples company Procter & Gamble.

NEW YORK, NY / ACCESSWIRE / April 14, 2020 / First Republic Bank (San Francisco, California) (NYSE:FRC) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on ...

Q1 2020 First Republic Bank Earnings Call

Jim Herbert has been the CEO of First Republic Bank (NYSE:FRC) since 1985. First, this article will compare CEO...

First Republic Bank (NYSE: FRC) today announced financial results for the quarter ended March 31, 2020.

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will release first quarter 2020 financial results before the market opens on Tuesday, April 14, 2020. First Republic Bank will conduct a conference call to discuss the results at 7:00 a.m. PT / 10:00 a.m. ET the same day.

First Republic Bank (FRC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

First Republic Bank (FRC) has reported 1Q20 EPS of $1.20, 8% above the consensus estimate of $1.11. Meanwhile revenue for the quarter came in at $916.2 million, easily beating the consensus estimate of $872.54 million.The beat was driven by strong linked-quarter loan growth of 5.3% and a stable net interest margin (NIM), resulting from lower funding costs.“Results for the first quarter were strong,” said Jim Herbert, Founder, Chairman and CEO of First Republic. “In these very unusual times, our strength and durability, coupled with a time-tested culture of service, enable us to take great care of our colleagues, communities, and clients.”The efficiency ratio was 65.1%, versus 63.7% in 4Q19, due to seasonal payroll taxes and a credit charge related to CECL (current expected credit losses).Despite the coronavirus outbreak, 2020 guidance remained essentially unchanged from January with: 1) mid-teens loan growth; 2) a NIM of 2.65%-2.75%; and 3) an efficiency ratio of 63.5%-64.5%.“FRC reported a quarter that… would have been a strong quarter even pre-COVID-19” cheered Maxim Group’s Michael Diana following the earnings release.“To drive home the point (and what we expect to be an anomaly), FRC even raised its quarterly dividend by $0.01/share, or 5%, to $0.20/share. In addition, guidance for 2020 was much stronger than we expected.”As a result, the analyst raised his 2021 EPS estimate to $6, from $5.50, while raising his FRC price target to $120, from $110, based on the higher EPS estimate.Over the next four quarters, Diana now expects: 1) stock price appreciation of 26% to his $120 price target and, 2) a dividend yield of 0.8%, which should result in an estimated 12-month total return of about 21%.Overall however the stock has a more cautious Moderate Buy analyst consensus on TipRanks, with a $101 average analyst price target. Shares rose 7% on the earnings report, bringing FRC’s year-to-date loss to 19%. (See First Republic Bank stock analysis on TipRanks).Related News: Citigroup Shares Take a Hit as Loan Losses Widen in the First Quarter Goldman Sachs Profit Plummets 49% as Loan-Loss Provisions Balloon Costco Ramps Up Dividend By 8% More recent articles from Smarter Analyst: * Gilead’s Remdesivir US Trial Currently Ahead of Schedule- Reuters * Elon Musk Confirms Texas Still On The Cards For New Cybertruck Factory * Tesla Plotting Restart At California Factory Next Week * Snap Announces $750M Note Offering Following Stellar Q1 Earnings

A week ago, First Republic Bank (NYSE:FRC) came out with a strong set of quarterly numbers that could potentially lead...

Decline in rates and fall in fee income are likely to have adversely impacted First Republic's (FRC) performance in the first quarter.

Atlanta internet company alleges discrimination after PPP loan application denied because it is foreign-owned

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that senior wealth managers Brian Zakrocki and Joseph Wladyka have joined First Republic Investment Management in New York.

First Republic's (FRC) first-quarter 2020 results reflect higher revenues, improved loan balance and elevated expenses.

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will hold its 2020 Annual Meeting of Shareholders at First Republic’s office at Rockefeller Center, 1230 Avenue of the Americas, New York, NY 10020 on Tuesday May 12, 2020 at 9:30 am Eastern time.

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Steve Condos, Kenneth Morris, Fortune S. Macri III, and Jared Katzman have joined First Republic Investment Management.