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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 : 5/10

vs
industry
vs
history
Cash to Debt 0.46
FRC's Cash to Debt is ranked lower than
73% of the 1560 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.13 vs. FRC: 0.46 )
Ranked among companies with meaningful Cash to Debt only.
FRC' s Cash to Debt Range Over the Past 10 Years
Min: 0  Med: 0.27 Max: N/A
Current: 0.46
Equity to Asset 0.10
FRC's Equity to Asset is ranked higher than
50% of the 1610 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. FRC: 0.10 )
Ranked among companies with meaningful Equity to Asset only.
FRC' s Equity to Asset Range Over the Past 10 Years
Min: 0.05  Med: 0.06 Max: 0.1
Current: 0.1
0.05
0.1
Interest Coverage 5.02
FRC's Interest Coverage is ranked higher than
79% of the 1563 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.70 vs. FRC: 5.02 )
Ranked among companies with meaningful Interest Coverage only.
FRC' s Interest Coverage Range Over the Past 10 Years
Min: 2.34  Med: 4.57 Max: 5.08
Current: 5.02
2.34
5.08
F-Score: 4
M-Score: -2.26
WACC vs ROIC
6.56%
6.39%
WACC
ROIC
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 : 5/10

vs
industry
vs
history
Operating margin (%) 37.72
FRC's Operating margin (%) is ranked higher than
66% of the 1653 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.84 vs. FRC: 37.72 )
Ranked among companies with meaningful Operating margin (%) only.
FRC' s Operating margin (%) Range Over the Past 10 Years
Min: -210.69  Med: 41.94 Max: 56.48
Current: 37.72
-210.69
56.48
Net-margin (%) 28.64
FRC's Net-margin (%) is ranked higher than
68% of the 1652 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.27 vs. FRC: 28.64 )
Ranked among companies with meaningful Net-margin (%) only.
FRC' s Net-margin (%) Range Over the Past 10 Years
Min: 27.07  Med: 31.89 Max: 79.17
Current: 28.64
27.07
79.17
ROE (%) 9.00
FRC's ROE (%) is ranked higher than
56% of the 1648 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.34 vs. FRC: 9.00 )
Ranked among companies with meaningful ROE (%) only.
FRC' s ROE (%) Range Over the Past 10 Years
Min: 8.99  Med: 11.6 Max: 33.26
Current: 9
8.99
33.26
ROA (%) 0.99
FRC's ROA (%) is ranked higher than
58% of the 1659 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.88 vs. FRC: 0.99 )
Ranked among companies with meaningful ROA (%) only.
FRC' s ROA (%) Range Over the Past 10 Years
Min: 0.66  Med: 1.15 Max: 2.2
Current: 0.99
0.66
2.2
Revenue Growth (3Y)(%) 9.60
FRC's Revenue Growth (3Y)(%) is ranked higher than
74% of the 1350 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.20 vs. FRC: 9.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FRC' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -36.1  Med: 12.5 Max: 142.2
Current: 9.6
-36.1
142.2
EBITDA Growth (3Y)(%) 7.50
FRC's EBITDA Growth (3Y)(%) is ranked higher than
55% of the 1237 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.00 vs. FRC: 7.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FRC' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -41.4  Med: 7.5 Max: 48.4
Current: 7.5
-41.4
48.4
EPS Growth (3Y)(%) 4.80
FRC's EPS Growth (3Y)(%) is ranked lower than
58% of the 1213 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. FRC: 4.80 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FRC' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 9.05 Max: 132.2
Current: 4.8
0
132.2
» 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
FRCPRB25.766.02Deposit Shs Repr 1/40th Non-Cum Perp Pfd Shs -B-
FRCPRC25.615.49Deposit Shs Repr 1/40th Non-Cum Perp Pfd Shs Series -C-
FRCPRD25.495.39Deposit Shs Repr 1/40th 5.5% Non-Cum Perp Pfd Shs Ser D
FRCPRE27.246.42Deposit Shs Repr 1/40th 7% Non-Cum Perp Pfd Shs Series -E-
FRCPRA25.576.55Deposit Shs Repr 1/40th Perp Pfd Shs Series -A-
FRCPRF26.915.30Non-Cum Perp Pfd Shs Series -F
FRCPRG26.562.01Deposit 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:KEY, NYSE:CMA, NAS:HBAN, NYSE:CIT, NAS:FITB, NAS:ZION, NAS:SBNY, NAS:SIVB, NAS:PACW, NAS:TFSL, NAS:CBSH, NAS:OZRK, NAS:BOKF, NYSE:MTB, NYSE:CFR, NAS:BPOP, NYSE:SNV, NYSE:WAL » 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

vs
industry
vs
history
P/E(ttm) 23.26
FRC's P/E(ttm) is ranked lower than
83% of the 1513 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.26 vs. FRC: 23.26 )
Ranked among companies with meaningful P/E(ttm) only.
FRC' s P/E(ttm) Range Over the Past 10 Years
Min: 6.54  Med: 15.35 Max: 23.27
Current: 23.26
6.54
23.27
Forward P/E 17.18
FRC's Forward P/E is ranked lower than
91% of the 369 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.63 vs. FRC: 17.18 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 23.26
FRC's PE(NRI) is ranked lower than
83% of the 1515 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.28 vs. FRC: 23.26 )
Ranked among companies with meaningful PE(NRI) only.
FRC' s PE(NRI) Range Over the Past 10 Years
Min: 6.54  Med: 15.35 Max: 23.27
Current: 23.26
6.54
23.27
Price/Owner Earnings (ttm) 23.82
FRC's Price/Owner Earnings (ttm) is ranked lower than
84% of the 859 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.81 vs. FRC: 23.82 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
FRC' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 7.2  Med: 14.71 Max: 34.4
Current: 23.82
7.2
34.4
P/B 2.36
FRC's P/B is ranked lower than
90% of the 1598 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.06 vs. FRC: 2.36 )
Ranked among companies with meaningful P/B only.
FRC' s P/B Range Over the Past 10 Years
Min: 1.24  Med: 1.82 Max: 2.35
Current: 2.36
1.24
2.35
P/S 5.87
FRC's P/S is ranked lower than
86% of the 1606 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.98 vs. FRC: 5.87 )
Ranked among companies with meaningful P/S only.
FRC' s P/S Range Over the Past 10 Years
Min: 1.2  Med: 4.24 Max: 5.89
Current: 5.87
1.2
5.89
PFCF 20.01
FRC's PFCF is ranked lower than
79% of the 817 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.68 vs. FRC: 20.01 )
Ranked among companies with meaningful PFCF only.
FRC' s PFCF Range Over the Past 10 Years
Min: 8.66  Med: 17.18 Max: 235.29
Current: 20.01
8.66
235.29
POCF 18.09
FRC's POCF is ranked lower than
83% of the 920 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.22 vs. FRC: 18.09 )
Ranked among companies with meaningful POCF only.
FRC' s POCF Range Over the Past 10 Years
Min: 4.9  Med: 15.58 Max: 160.96
Current: 18.09
4.9
160.96
EV-to-EBIT 20.24
FRC's EV-to-EBIT is ranked lower than
72% of the 1243 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.80 vs. FRC: 20.24 )
Ranked among companies with meaningful EV-to-EBIT only.
FRC' s EV-to-EBIT Range Over the Past 10 Years
Min: 3.5  Med: 17.2 Max: 21
Current: 20.24
3.5
21
EV-to-EBITDA 18.41
FRC's EV-to-EBITDA is ranked lower than
72% of the 1243 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.39 vs. FRC: 18.41 )
Ranked among companies with meaningful EV-to-EBITDA only.
FRC' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.4  Med: 15.8 Max: 19.1
Current: 18.41
3.4
19.1
Shiller P/E 27.50
FRC's Shiller P/E is ranked lower than
78% of the 494 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.76 vs. FRC: 27.50 )
Ranked among companies with meaningful Shiller P/E only.
FRC' s Shiller P/E Range Over the Past 10 Years
Min: 10.29  Med: 17.93 Max: 27.56
Current: 27.5
10.29
27.56

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.80
FRC's Dividend Yield is ranked lower than
91% of the 2190 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.92 vs. FRC: 0.80 )
Ranked among companies with meaningful Dividend Yield only.
FRC' s Dividend Yield Range Over the Past 10 Years
Min: 0.29  Med: 0.9 Max: 1.12
Current: 0.8
0.29
1.12
Dividend Payout 0.18
FRC's Dividend Payout is ranked higher than
81% of the 1337 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. FRC: 0.18 )
Ranked among companies with meaningful Dividend Payout only.
FRC' s Dividend Payout Range Over the Past 10 Years
Min: 0.12  Med: 0.16 Max: 0.2
Current: 0.18
0.12
0.2
Forward Dividend Yield 0.83
FRC's Forward Dividend Yield is ranked lower than
93% of the 2073 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.13 vs. FRC: 0.83 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 0.81
FRC's Yield on cost (5-Year) is ranked lower than
91% of the 2538 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.43 vs. FRC: 0.81 )
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: 0.29  Med: 0.9 Max: 1.12
Current: 0.81
0.29
1.12
3-Year Average Share Buyback Ratio -2.20
FRC's 3-Year Average Share Buyback Ratio is ranked lower than
51% of the 1052 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.00 vs. FRC: -2.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FRC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -70.4  Med: -6 Max: 15.1
Current: -2.2
-70.4
15.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.51
FRC's Price/Tangible Book is ranked lower than
90% of the 1590 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. FRC: 2.51 )
Ranked among companies with meaningful Price/Tangible Book only.
FRC' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.33  Med: 1.95 Max: 2.53
Current: 2.51
1.33
2.53
Price/Projected FCF 1.45
FRC's Price/Projected FCF is ranked lower than
89% of the 831 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.69 vs. FRC: 1.45 )
Ranked among companies with meaningful Price/Projected FCF only.
FRC' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.68  Med: 1.21 Max: 1.47
Current: 1.45
0.68
1.47
Price/Median PS Value 1.38
FRC's Price/Median PS Value is ranked lower than
84% of the 1494 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. FRC: 1.38 )
Ranked among companies with meaningful Price/Median PS Value only.
FRC' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.3  Med: 0.95 Max: 1.39
Current: 1.38
0.3
1.39
Price/Graham Number 1.60
FRC's Price/Graham Number is ranked lower than
90% of the 1398 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.85 vs. FRC: 1.60 )
Ranked among companies with meaningful Price/Graham Number only.
FRC' s Price/Graham Number Range Over the Past 10 Years
Min: 0.62  Med: 1.13 Max: 1.62
Current: 1.6
0.62
1.62
Earnings Yield (Greenblatt) (%) 4.91
FRC's Earnings Yield (Greenblatt) (%) is ranked lower than
55% of the 1619 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.70 vs. FRC: 4.91 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FRC' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 4.8  Med: 5.8 Max: 28.5
Current: 4.91
4.8
28.5
Forward Rate of Return (Yacktman) (%) 2.94
FRC's Forward Rate of Return (Yacktman) (%) is ranked lower than
71% of the 853 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.66 vs. FRC: 2.94 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FRC' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -24.4  Med: 4.65 Max: 29.4
Current: 2.94
-24.4
29.4

More Statistics

Revenue (TTM) (Mil) $1,938
EPS (TTM) $ 3.34
Beta0.95
Short Percentage of Float2.33%
52-Week Range $56.32 - 78.55
Shares Outstanding (Mil)146.52

Analyst Estimate

Dec16 Dec17
Revenue (Mil $) 2,270 2,623
EPS ($) 3.79 4.48
EPS w/o NRI ($) 3.79 4.48
EPS Growth Rate
(3Y to 5Y Estimate)
18.00%
Dividends Per Share ($) 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
First Republic Bank Announces Third Quarter 2016 Earnings And Conference Call Date Sep 27 2016
First Republic Bank Announces Third Quarter 2016 Earnings And Conference Call Date Sep 27 2016
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First Republic Bank Declares Dividends On Seven Series Of Perpetual Preferred Stock For Third... Sep 17 2016
Annaly Could Be Added to the S&P 500, Says KBW Sep 14 2016
First Republic Appoints Director Of Community Development Sep 08 2016
First Republic Appoints Director Of Community Development Sep 08 2016
ETF’s with exposure to First Republic Bank, Inc. : September 6, 2016 Sep 06 2016
First Republic Bank Declares Dividends On Seven Series Of Perpetual Preferred Stock For Third... Sep 02 2016
First Republic Bank Declares Dividends On Seven Series Of Perpetual Preferred Stock For Third... Sep 02 2016
Kevin Barnes Joins First Republic Aug 30 2016
Kevin Barnes Joins First Republic Aug 30 2016
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
Wednesday links: continued dominance Aug 17 2016
[$$] First Republic: Is It Wrong to Build a Bank for Wealthy Clients Only? Aug 17 2016
First Republic Honored For Addressing Income Inequality Aug 16 2016
First Republic Honored For Addressing Income Inequality Aug 16 2016
[$$] First Republic: Is It Wrong to Build a Bank for Wealthy Clients Only? Aug 16 2016

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