| Market cap | $21.40B |
|---|---|
| Enterprise value | $630.56M |
| Revenue | $6.753B |
|---|---|
| EBITDA | $2.333B |
| Income | $1.529B |
| Revenue Q/Q | 17.21% |
| Revenue Y/Y | 21.73% |
| P/E | 0.10 |
|---|---|
| Forward P/E | 1.09 |
| EV/Sales | 0.09 |
| EV/EBITDA | 0.27 |
| EV/EBIT | N/A |
| PEG | 1.00 |
| Price/Sales | 3.76 |
| P/FCF | 22.94 |
| Price/Book | 0.08 |
| Book/Share | 7.19 |
| Cash/Share | N/A |
| FCF yield | 4.66% |
| Volume | 0.000 / 19.935M |
|---|---|
| Relative vol. | 0.00 × |
| EPS | 5.25 |
|---|---|
| EPS Q/Q | 15.71% |
| Est. EPS Q/Q | -10.40% |
| Profit margin | 22.32% |
|---|---|
| Oper. margin | 38.82% |
| Gross margin | 98.42% |
| EBIT margin | 0.00% |
| EBITDA margin | 34.55% |
| Ret. on assets | 0.87% |
|---|---|
| Ret. on equity | 13.15% |
| ROIC | 0.00% |
| ROCE | 0.00% |
| Debt/Equity | 12.19 |
|---|---|
| Net debt/EBITDA | -3.60 |
| Current ratio | 0.03 |
| Quick ratio | 0.07 |
| Volatility | 47.74% |
|---|---|
| Beta | 0.00 |
| RSI | 32.20 |
|---|
| Insider ownership | 0.68% |
|---|---|
| Inst. ownership | 98.98% |
| Shares outst. | 179.647M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 1.71% |
| Short ratio | 1.68 |
| Dividend | $0.00 |
|---|---|
| Dividend yield | 0.00% |
| Payout ratio | 0.00% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | N/A |
Monday, 8 May 2023
|
|
| Warren Buffett Has a History With Banks—as a Critic and Investor | |
Sunday, 7 May 2023
|
|
| Banks Are in the Grips of Investor Crisis of Confidence | |
Friday, 5 May 2023
|
|
| Stocks Rally to Cap Tumultuous Week | |
| JPMorgan Chase, Anheuser-Busch, Apple: Stocks That Defined the Week | |
| PacWest Stock Surges 80%, Regional Banks Recover After Selloff | |
Wednesday, 3 May 2023
|
|
| Largest banks doing big deals not ideal, FRC an exception - Powell | |
| UPDATE 1-Largest banks doing big deals not ideal, FRC an exception - Powell | |
| Biggest takeaways from Fed Chair Powell's press conference following May rate hike decision | |
| US Regional Banks Slump as Rout Deepens on First Republic Flop | |
Tuesday, 2 May 2023
|
|
| UPDATE 1-S&P cuts First Republic's credit rating, says default a 'virtual certainty' | |
| Stocks, Oil Prices Fall Sharply As Investors Brace for Fed Rate Increase | |
| PacWest, Western Alliance stocks sink on regional bank shakeups ahead of Fed decision | |
| Regional Bank Stocks Plunge Ahead of Fed Meeting | |
| US regional banks fall as FRC failure shakes faith in banking sector recovery | |
| Bank Stocks Dive As Investors Digest First Republic Failure. Fed Meeting Looms. | |
| Why Shares of PacWest Bancorp, KeyCorp, and Comerica Are Falling Today | |
| PacWest, Western Alliance crash as regional bank fears continue to shake markets | |
| US regional bank stocks fall for second day as First Republic failure weighs | |
| PacWest, Western Alliance Lead Regional Bank Stock Rout | |
| US Regional Bank Stress Urges Big Preferred Investor to Sell | |
| RPT-INSIGHT-How JPMorgan's Dimon won the First Republic deal | |
| How Washington Got On Board With a Big-Bank Deal for First Republic | |
| FTSE and European stocks mixed as JPMorgan Chase takes over First Republic | |
| Here’s Why Baron Asset Fund Exited First Republic Bank | |
| How JPMorgan's Dimon won the First Republic deal | |
| INSIGHT-How JPMorgan's Dimon won the First Republic deal | |
Monday, 1 May 2023
|
|
| At Milken, investors praise bank rescue but brace for more drama | |
| What JPMorgan Chase Acquisition of First Republic Means for Your Money | |
| Markets Open the Month With Small Losses | |
| JPMorgan acquires First Republic, DeSantis-Disney feud escalates, Lordstown Motors' warning | |
| We are probably heading for recession: Citi CEO | |
| JPMorgan CEO Contenders Are Holding the Reins at First Republic—Together | |
| Bove Says First Republic May Be JPMorgan’s Best Deal in Decades | |
| First Republic Bank Is The Second-Largest U.S. Bank Failure. What Comes Next? | |
| 'There's a palpable sense of relief' after First Republic is bought out, says Citi CEO Jane Fraser | |
| US STOCKS-Wall Street near flat in wake of First Republic news, awaiting Fed decision | |
| UPDATE 1-IMF's Georgieva says more vulnerabilities in banking sector may be exposed | |
| What's Going On With Magic Empire Global Shares Today? | |
| Options traders remain wary of regional banks after First Republic rescue | |
| First Republic Leaves Bank World Still Seeking All-Clear Signal | |
| Chase Just Bought Your Bank: What First Republic Bank Customers Need to Know | |
| Jamie Dimon Wins Again in First Republic Bank Deal | |
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Robintrack.
Price target
Current $3.50
Average $132.09
Low $100
High $155
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | -73.79% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 0.00% | Growth period | N/A |
| Last dividend date | Yield 3 years | 16.65% | Growth 3 years | -30.08% | |
| Last dividend | Yield 5 years | 10.18% | Growth 5 years | -17.58% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| James Herbert (75) Chairman of the Board and Chief Executive Officer since 1985 | 75 | 1985 | $12,884,300 |
| Hafize Gaye Erkan (40) President and Director since 2019 | 40 | 2019 | $8,647,240 |
| David Lichtman (56) Senior Executive Vice President and Chief Credit Officer since 2018 | 56 | 2018 | $6,883,050 |
| Michael Selfridge (52) Senior Executive Vice President and Chief Banking Officer since 2015 | 52 | 2015 | $6,588,000 |
| Michael Roffler (49) Executive Vice President and Chief Financial Officer since 2015 | 49 | 2015 | $5,952,470 |
| James H. Herbert II (77) Founder and Co-CEO (Leave Of Absence) | 77 | $4,581,557 | |
| Robert Lee Thornton (63) Exec. VP and Pres of First Republic Private Wealth Management | 63 | $2,229,744 | |
| David B. Lichtman (58) Sr. EVP and Chief Credit Officer | 58 | $2,066,985 | |
| Michael D. Selfridge (54) Sr. EVP and Chief Banking Officer | 54 | $2,015,227 | |
| Michael J. Roffler (50) Pres, Acting Co-CEO, CFO, and Director | 50 | $1,600,355 | |
| Katherine August-deWilde (72) Vice Chairman of the Board since 2016 | 72 | 2016 | $401,900 |
| Reynold Levy (74) Lead Outside Independent Director since 2016 | 74 | 2016 | $329,200 |
| George Parker (81) Independent Director since 2003 | 81 | 2003 | $285,700 |
| Frank Fahrenkopf (80) Independent Director since 1985 | 80 | 1985 | $284,900 |
| Sandra Hernandez (62) Independent Director since 2010 | 62 | 2010 | $279,000 |
| Pamela Joyner (61) Independent Director since 2004 | 61 | 2004 | $268,200 |
| Boris Groysberg (48) Independent Director since 2015 | 48 | 2015 | $263,000 |
| Duncan Niederauer (60) Independent Director since 2015 | 60 | 2015 | $261,800 |
| Shannon Houston | 2018 | ||
| Olga Tsokova (46) Senior Vice President and Chief Accounting Officer | 46 | ||
| Bill Ward | 2014 | ||
| Robert Thornton (62) Executive Vice President and President - Private Wealth Management since 2016 | 62 | 2016 | |
| Justin Gibson | |||
| Edward Dobranski (69) Executive Vice President, General Counsel, and Secretary | 69 | ||
| Stephanie Bontemps (60) Executive Vice President and Chief Risk Officer since 2015 | 60 | 2015 | |
| Jim Hughes | 2017 | ||
| Mollie Richardson (41) Executive Vice President, Chief Administrative Officer, and Chief People Officer since 2016 | 41 | 2016 | |
| Jason Bender (50) Chief Operating Officer and Executive Vice President since 2015 | 50 | 2015 | |
| David Tateosian | |||
| Kelly Johnston | 2016 | ||
| William G. Dessoffy | |||
| Carmen Castro-Franceschi | |||
| Mollie M. Richardson (42) Exec. VP and Chief People Officer | 42 | ||
| Edward Joseph Dobranski (71) Exec. VP, Gen. Counsel, and Sec. | 71 | ||
| Michael Ioanilli | |||
| Olga Tsokova (48) Sr. VP and Acting CFO | 48 | ||
| Jason C. Bender (52) Exec. VP and COO | 52 |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 29 Sep 2022 | 29 Jun 2022 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $5,532 | $6,237 | |||
| Short term investments | |||||
| Net receivables | $25 | ||||
| Inventory | |||||
| Total current assets | $5,532 | $6,945 | |||
| Long term investments | $32,902 | $32,772 | |||
| Property, plant & equipment | $483 | $1,919 | |||
| Goodwill & intangible assets | |||||
| Total noncurrent assets | |||||
| Total investments | |||||
| Total assets | $205,109 | $197,908 | |||
| Current liabilities | |||||
| Accounts payable | $172,382 | $165,647 | |||
| Deferred revenue | |||||
| Short long term debt | |||||
| Total current liabilities | $177,482 | $172,074 | |||
| Long term debt | $7,179 | $5,978 | |||
| Total noncurrent liabilities | |||||
| Total debt | |||||
| Total liabilities | $187,990 | $181,482 | |||
| Stockholders' equity | |||||
| Retained earnings | $7,591 | $7,236 | |||
| Other stockholder equity | -$337 | -$227 | |||
| Total stockholder equity | $13,486 | $12,793 | |||
| (in millions USD) | 2021 | 2020 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $12,947 | $5,095 | ||
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | $13,449 | $5,547 | ||
| Long term investments | $27,036 | $20,016 | ||
| Property, plant & equipment | $1,597 | $1,190 | ||
| Goodwill & intangible assets | ||||
| Total noncurrent assets | ||||
| Total investments | ||||
| Total assets | $181,087 | $142,502 | ||
| Current liabilities | ||||
| Accounts payable | $156,321 | $114,929 | ||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $156,516 | $115,002 | ||
| Long term debt | $5,477 | $13,529 | ||
| Total noncurrent liabilities | ||||
| Total debt | ||||
| Total liabilities | $165,189 | $130,751 | ||
| Stockholders' equity | ||||
| Retained earnings | $6,569 | $5,346 | ||
| Other stockholder equity | -$31 | $23 | ||
| Total stockholder equity | $12,265 | $10,206 | ||
Income statement
| (in millions USD) | 29 Sep 2022 | 29 Jun 2022 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $1,487 | $1,478 | |||
| Cost of revenue | |||||
| Gross profit | $1,487 | $1,478 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $804 | $794 | |||
| Total operating expenses | $902 | $898 | |||
| Operating income | $585 | $580 | |||
| Income from continuing operations | |||||
| EBIT | |||||
| Income tax expense | $123 | $132 | |||
| Interest expense | |||||
| Net income | |||||
| Net income | $445 | $433 | |||
| Income (for common shares) | $405 | $392 | |||
| (in millions USD) | 2021 | 2020 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $4,975 | $3,760 | ||
| Cost of revenue | ||||
| Gross profit | $4,975 | $3,760 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $2,784 | $2,124 | ||
| Total operating expenses | $3,063 | $2,355 | ||
| Operating income | $1,912 | $1,405 | ||
| Income from continuing operations | ||||
| EBIT | ||||
| Income tax expense | $350 | $270 | ||
| Interest expense | ||||
| Net income | ||||
| Net income | $1,478 | $1,064 | ||
| Income (for common shares) | $1,379 | $1,005 | ||
Cash flows
| (in millions USD) | 29 Sep 2022 | 29 Jun 2022 | |||
|---|---|---|---|---|---|
| Net income | $445 | $433 | |||
| Operating activities | |||||
| Depreciation | $49 | ||||
| Business acquisitions & disposals | |||||
| Stock-based compensation | |||||
| Total cash flows from operations | $106 | ||||
| Investing activities | |||||
| Capital expenditures | -$49 | ||||
| Investments | -$790 | ||||
| Total cash flows from investing | -$11,866 | ||||
| Financing activities | |||||
| Dividends paid | -$90 | ||||
| Sale and purchase of stock | |||||
| Net borrowings | $6,800 | ||||
| Total cash flows from financing | $10,241 | ||||
| Effect of exchange rate | |||||
| Change in cash and equivalents | -$1,519 | ||||
| (in millions USD) | 2021 | 2020 | ||
|---|---|---|---|---|
| Net income | $1,478 | $1,064 | ||
| Operating activities | ||||
| Depreciation | $184 | $166 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | ||||
| Total cash flows from operations | $1,204 | $531 | ||
| Investing activities | ||||
| Capital expenditures | -$198 | -$149 | ||
| Investments | -$6,275 | $652 | ||
| Total cash flows from investing | -$29,143 | -$21,855 | ||
| Financing activities | ||||
| Dividends paid | -$254 | -$198 | ||
| Sale and purchase of stock | ||||
| Net borrowings | -$8,055 | -$745 | ||
| Total cash flows from financing | $35,791 | $24,719 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | $7,852 | $3,395 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Parallel Advisors |
-32.81%
|
19,434 | $738 |
| 2024 Q1 | Nbc Securities, Inc |
Opened
|
200 | $1 |
| 2024 Q1 | Salomon & Ludwin |
Opened
|
8 | $0 |
| 2023 Q4 | Skyview Investment Advisors |
Opened
|
15,000 | $1 |
| 2023 Q4 | Advisory Services Network |
Sold out
|
949 | $39 |
| 2023 Q4 | Cassady Schiller Wealth Management |
Sold out
|
100 | $4 |
| 2023 Q4 | Eagle Bay Advisors |
Sold out
|
1 | $0 |
| 2023 Q3 | Tucker Asset Management |
-50.00%
|
1,400 | $101 |
| 2023 Q2 | Westside Investment Management |
-57.14%
|
300 | $174 |
| 2023 Q1 | Bartlett & Co. Wealth Management |
Sold out
|
91 | $1,273 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Marathon Asset Management LL.P. | 0.38% | 691,538 | |
| Quantum Capital Management, Nj | 0.23% | 411,314 | |
| Barrett Asset Management | 0.18% | 319,122 | |
| Inverness Counsel ny/ | 0.12% | 206,853 | |
| Baker Avenue Asset Management, L.P. | 0.09% | 168,045 | |
| Badgley Phelps & Bell Inc | 0.06% | 116,021 | |
| First American Bank | 0.05% | 96,069 | |
| Fred Alger Management | 0.03% | 52,617 | |
| Amalgamated | 0.03% | 44,959 | |
| Hexavest | 0.02% | 44,259 |
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