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First Republic Bank: Q1 Earnings Snapshot

April 14, 2021 GMT

SAN FRANCISCO (AP) _ First Republic Bank (FRC) on Wednesday reported first-quarter earnings of $334.8 million.

The San Francisco-based bank said it had earnings of $1.79 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.

The San Francisco bank posted revenue of $1.22 billion in the period. Its revenue net of interest expense was $1.13 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.08 billion.

First Republic Bank shares have increased 16% since the beginning of the year. The stock has increased 82% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRC at https://www.zacks.com/ap/FRC