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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

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Interest Coverage 4.48
FRC's Interest Coverage is ranked lower than
99.99% of the 1542 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.71 vs. FRC: 4.48 )
Ranked among companies with meaningful Interest Coverage only.
FRC' s Interest Coverage Range Over the Past 10 Years
Min: 0  Med: 0 Max: 4.48
Current: 4.48
0
4.48
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

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» FRC's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-10-15)


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q3 2015

FRC Guru Trades in Q3 2015

Pioneer Investments 103,657 sh (+42.52%)
Chuck Royce 65,540 sh (+10.90%)
Diamond Hill Capital 553,516 sh (+2.51%)
Ken Fisher 427,115 sh (+1.85%)
Caxton Associates Sold Out
Ron Baron 482,220 sh (-2.31%)
» More
Q4 2015

FRC Guru Trades in Q4 2015

Caxton Associates 25,000 sh (New)
Diamond Hill Capital 614,884 sh (+11.09%)
Chuck Royce 65,540 sh (unchged)
Ron Baron 482,041 sh (-0.04%)
Ken Fisher 420,313 sh (-1.59%)
Pioneer Investments 65,657 sh (-36.66%)
» More
Q1 2016

FRC Guru Trades in Q1 2016

John Hussman 100,000 sh (New)
Diamond Hill Capital 738,853 sh (+20.16%)
Ron Baron 502,397 sh (+4.22%)
Ken Fisher 423,543 sh (+0.77%)
Chuck Royce 65,540 sh (unchged)
Caxton Associates Sold Out
Pioneer Investments 46,824 sh (-28.68%)
» More
Q2 2016

FRC Guru Trades in Q2 2016

Mario Gabelli 13,466 sh (New)
Paul Tudor Jones 8,148 sh (New)
Jim Simons 146,500 sh (New)
Diamond Hill Capital 841,123 sh (+13.84%)
Ron Baron 548,856 sh (+9.25%)
John Hussman 100,000 sh (unchged)
Pioneer Investments 46,824 sh (unchged)
Ken Fisher 404,497 sh (-4.50%)
Chuck Royce 55,100 sh (-15.93%)
» More
» Details

Insider Trades

Latest Guru Trades with FRC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of First Republic Bank

SymbolPriceYieldDescription
FRCPRB26.155.93Deposit Shs Repr 1/40th Non-Cum Perp Pfd Shs -B-
FRCPRC26.155.38DR
FRCPRD26.205.25ADR
FRCPRE28.206.21Deposit Shs Repr 1/40th 7% Non-Cum Perp Pfd Shs Series -E-
FRCPRA25.956.45Deposit Shs Repr 1/40th Perp Pfd Shs Series -A-
FRCPRF26.535.37Non-Cum Perp Pfd Shs Series -F
FRCPRG26.682.00DR Deposit Shs Repr 1/40th 5 1/2 % Non-Cum Perp Pfd Shs Series -G-

Business Description

Industry: Banks » Banks - Regional - US
Compare:NYSE:RF, NYSE:CFG, NYSE:CMA, NYSE:KEY, NAS:HBAN, NYSE:CIT, NAS:SBNY, NAS:FITB, NAS:ZION, NAS:SIVB, NAS:TFSL, NAS:PACW, NAS:CBSH, NAS:OZRK, NAS:BOKF, NYSE:CFR, NYSE:SNV, NAS:BPOP, NYSE:WAL, NYSE:PB » details
Traded in other countries:81R.Germany, FRC.Mexico,
First Republic Bank along with its subsidiaries provides private banking, private business banking and private wealth management, including investment, trust and brokerage services.

First Republic Bank was founded in 1985. It is a full-service bank and wealth management firm. The Company along with its subsidiaries provides private banking, private business banking and private wealth management, including investment, trust and brokerage services. The Company offers products and services including single family mortgage, home equity lines of credit, vacation home mortgages, bridge loans, co-op and condominium loans, stock/bond secured loans, unsecured loans, overdraft lines of credit, corporate online banking, business money market accounts, free business on-site ATMs, personal trust services with open architecture, permanent life insurance products for estate, business planning and tax deferred cash accumulation, money market checking, foreign exchange, online brokerage, and cash management. The Company offers investment management, trust and brokerage services for individuals, trusts, endowments and organizations and offers wealth management services including portfolio management, financial & estate planning, brokerage services, trust administration & custody, and insurance services. The Company offers private business banking services are offered for accounting firms, law firms, real estate investors, architecture and design firms, medical practices, small businesses, business management firms, motion picture and TV production, technology firms, engineering services, nonprofit organizations, venture capital funds/firms, family offices, private clubs, wineries, independent nonprofit schools, private equity funds/firms, investment firms, and property management firms. It delivers its service through offices in the following geographies: San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City.

Guru Investment Theses on First Republic Bank

Baron Funds Comments on First Republic Bank - Jun 01, 2016

We’re also invested in First Republic Bank (NYSE:FRC), which provides banking and wealth management services to affluent customers in urban, coastal markets across the U.S. First Republic was founded 30 years ago, acquired in 2007 by Merrill Lynch (which subsequently merged with Bank of America), and spun off as a separate company again in 2010. First Republic differentiates itself through its singular focus on providing exceptional customer service, resulting in high customer loyalty and superior growth. The bank is well-capitalized and is led by an experienced management team that has demonstrated superior underwriting performance over many years. First Republic’s stock has risen over 160% since its IPO in 2010 as its high-touch business model and affluent customer base have driven strong market share gains.



From Baron Funds' May 2016 Baron Insight: Investing in Financials.



Check out Ron Baron latest stock trades

Top Ranked Articles about First Republic Bank

Baron Funds Comments on First Republic Bank Guru stock highlight
We’re also invested in First Republic Bank (NYSE:FRC), which provides banking and wealth management services to affluent customers in urban, coastal markets across the U.S. First Republic was founded 30 years ago, acquired in 2007 by Merrill Lynch (which subsequently merged with Bank of America), and spun off as a separate company again in 2010. First Republic differentiates itself through its singular focus on providing exceptional customer service, resulting in high customer loyalty and superior growth. The bank is well-capitalized and is led by an experienced management team that has demonstrated superior underwriting performance over many years. First Republic’s stock has risen over 160% since its IPO in 2010 as its high-touch business model and affluent customer base have driven strong market share gains. Read more...

Ratios

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Dividend & Buy Back

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Dividend Yield 0.83
FRC's Dividend Yield is ranked lower than
91% of the 2207 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.92 vs. FRC: 0.83 )
Ranked among companies with meaningful Dividend Yield only.
FRC' s Dividend Yield Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0.83
Current: 0.83
0
0.83
Dividend Payout 0.19
FRC's Dividend Payout is ranked higher than
78% of the 1316 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. FRC: 0.19 )
Ranked among companies with meaningful Dividend Payout only.
FRC' s Dividend Payout Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0.19
Current: 0.19
0
0.19
Forward Dividend Yield 0.85
FRC's Forward Dividend Yield is ranked lower than
92% of the 2090 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.14 vs. FRC: 0.85 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 0.83
FRC's Yield on cost (5-Year) is ranked lower than
91% of the 2524 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.48 vs. FRC: 0.83 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FRC' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0.83
Current: 0.83
0
0.83

Valuation & Return

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More Statistics

Revenue (TTM) (Mil) $1,764
EPS (TTM) $ 3.05
Beta0.92
Short Percentage of Float2.30%
52-Week Range $56.32 - 75.26
Shares Outstanding (Mil)142.58

Analyst Estimate

Dec16 Dec17
Revenue (Mil $) 2,195 2,499
EPS ($) 3.70 4.37
EPS w/o NRI ($) 3.70 4.37
EPS Growth Rate
(3Y to 5Y Estimate)
16.90%
Dividends Per Share ($) 0.60 0.66
» More Articles for FRC

Headlines

Articles On GuruFocus.com
Baron Funds Comments on First Republic Bank Jun 01 2016 
Baron Insight: Investing in Financials May 31 2016 
Weekly 52-Week Highs Highlight: HUM, EBAY, SYK, FRCPRD Jun 02 2015 
Futuristic Bank Stocks To Watch Out For Feb 12 2015 
Futuristic Bank Stocks To Watch Out For Feb 12 2015 
BB&T's Bright Future Will Help Growth Dec 11 2014 
A Fairly Profitable Midwestern Bank Oct 09 2014 

More From Other Websites
Fed's low-rate policy claims another casualty: unlimited ATM-fee rebates Aug 25 2016
4 Reasons to Buy First Republic Bank (FRC) Stock Right Now Aug 23 2016
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First Republic Honored For Addressing Income Inequality Aug 16 2016
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[$$] First Republic: Is It Wrong to Build a Bank for Wealthy Clients Only? Aug 16 2016
First Republic Expands Community Lending Program And Team Aug 15 2016
First Republic Expands Community Lending Program And Team Aug 15 2016
First Republic Announces Pricing Of $400,000,000 Subordinated Notes Offering Jul 25 2016
First Republic Announces Pricing Of $400,000,000 Subordinated Notes Offering Jul 25 2016
Are stocks overvalued? Jul 25 2016
First Republic Announces Subordinated Notes Offering Jul 25 2016
First Republic Announces Subordinated Notes Offering Jul 25 2016
First Republic Bank, Inc. :FRC-US: Earnings Analysis: Q2, 2016 By the Numbers : July 21, 2016 Jul 21 2016
The C-Suite Speaks: Rebounding from Malaise Jul 19 2016
First Republic (FRC) Lags Q2 Earnings & Revenue Estimates Jul 15 2016
Edited Transcript of FRC earnings conference call or presentation 14-Jul-16 2:00pm GMT Jul 14 2016
Traders Are Keeping A Close Watch On These Five Stocks Today Jul 14 2016
First Republic Bank Earnings Call scheduled for 10:00 am ET today Jul 14 2016

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