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%
Employees 0
RPE N/A
Volume 0.000 / 19.935M
Relative vol. 0.00 ×
EPS 5.25
EPS Q/Q 15.71%
Est. EPS Q/Q -10.40%
Ret. on assets 0.87%
Ret. on equity 13.15%
ROIC 0.00%
ROCE 0.00%
Volatility 47.74%
Beta 0.00
RSI 32.20
Range $2.99 – $6.60
52 weeks $0.24 – $3.50
SMA 50 $1 +84.29%
SMA 200 $0 +90.40%
1 year target $132 +3,674.00%
Mean Recomm. 2.39
Shares outst. 179.647M
Shares float 0.000 0.00%
Short % of float 1.71%
Short ratio 1.68

Recent First Republic Bank news

Monday, 8 May 2023
 
wsj
Warren Buffett Has a History With Banks—as a Critic and Investor
Sunday, 7 May 2023
 
wsj
Banks Are in the Grips of Investor Crisis of Confidence
Friday, 5 May 2023
 
wsj
Stocks Rally to Cap Tumultuous Week
wsj
JPMorgan Chase, Anheuser-Busch, Apple: Stocks That Defined the Week
wsj
PacWest Stock Surges 80%, Regional Banks Recover After Selloff
Wednesday, 3 May 2023
 
reuters
Largest banks doing big deals not ideal, FRC an exception - Powell
marketscreener
UPDATE 1-Largest banks doing big deals not ideal, FRC an exception - Powell
bloomberg
Biggest takeaways from Fed Chair Powell's press conference following May rate hike decision
yahoo
US Regional Banks Slump as Rout Deepens on First Republic Flop
Tuesday, 2 May 2023
 
reuters
UPDATE 1-S&P cuts First Republic's credit rating, says default a 'virtual certainty'
wsj
Stocks, Oil Prices Fall Sharply As Investors Brace for Fed Rate Increase
yahoo
PacWest, Western Alliance stocks sink on regional bank shakeups ahead of Fed decision
wsj
Regional Bank Stocks Plunge Ahead of Fed Meeting
reuters
US regional banks fall as FRC failure shakes faith in banking sector recovery
investors
Bank Stocks Dive As Investors Digest First Republic Failure. Fed Meeting Looms.
fool
Why Shares of PacWest Bancorp, KeyCorp, and Comerica Are Falling Today
markets.businessinsider
PacWest, Western Alliance crash as regional bank fears continue to shake markets
ft
US regional bank stocks fall for second day as First Republic failure weighs
yahoo
PacWest, Western Alliance Lead Regional Bank Stock Rout
news.bloomberglaw
US Regional Bank Stress Urges Big Preferred Investor to Sell
reuters
RPT-INSIGHT-How JPMorgan's Dimon won the First Republic deal
wsj
How Washington Got On Board With a Big-Bank Deal for First Republic
yahoo
FTSE and European stocks mixed as JPMorgan Chase takes over First Republic
yahoo
Here’s Why Baron Asset Fund Exited First Republic Bank
reuters
How JPMorgan's Dimon won the First Republic deal
reuters
INSIGHT-How JPMorgan's Dimon won the First Republic deal
Monday, 1 May 2023
 
reuters
At Milken, investors praise bank rescue but brace for more drama
fool
What JPMorgan Chase Acquisition of First Republic Means for Your Money
investopedia
Markets Open the Month With Small Losses
yahoo
JPMorgan acquires First Republic, DeSantis-Disney feud escalates, Lordstown Motors' warning
yahoo
We are probably heading for recession: Citi CEO
wsj
JPMorgan CEO Contenders Are Holding the Reins at First Republic—Together
yahoo
Bove Says First Republic May Be JPMorgan’s Best Deal in Decades
investors
First Republic Bank Is The Second-Largest U.S. Bank Failure. What Comes Next?
cnn
'There's a palpable sense of relief' after First Republic is bought out, says Citi CEO Jane Fraser
eresearch.fidelity
US STOCKS-Wall Street near flat in wake of First Republic news, awaiting Fed decision
reuters
UPDATE 1-IMF's Georgieva says more vulnerabilities in banking sector may be exposed
benzinga
What's Going On With Magic Empire Global Shares Today?
reuters
Options traders remain wary of regional banks after First Republic rescue
bloomberg
First Republic Leaves Bank World Still Seeking All-Clear Signal
wsj
Chase Just Bought Your Bank: What First Republic Bank Customers Need to Know
wsj
Jamie Dimon Wins Again in First Republic Bank Deal
Monday, 1 May 2023
 
investopedia
JPMorgan Buys First Republic for $10.6 Billion, This is What It Gets
fool
I Thought I Was Getting First Republic Stock at a Bargain. Instead, I Lost a Bunch of Money
bloomberg
First Republic’s Jumbo Mortgages Brought On the Bank’s Failure
yahoo
U.S. banking system ‘is the envy of the world,’ Apollo Global Management CEO says
barrons
First Republic Will Be Leaving the S&P 500. Here’s Who Might Be Going In.
fool
JPMorgan Chase Plans to Acquire Most of First Republic's Assets -- Shares Are Rising
yahoo
REFILE-TREASURIES-Yields inch up slightly after First Republic asset sale
yahoo
‘The failure of First Republic was inevitable,’ William Cohan says
reuters
Explainer-Why First Republic Bank failed and what JPMorgan's deal means
yahoo
Dimon: 'This part of the crisis is over'
reuters
First Republic collapse sparks sector-wide regional bank shares sell-off
yahoo
First Republic Bank seized by regulators, sold to JPMorgan
fool
JPMorgan Chase Buys First Republic After FDIC Seizure: Is the Banking Crisis Over?
investors
JPMorgan Chase Buys First Republic Bank After FDIC Seizure
wsj
Why First Republic Bank Collapsed
investopedia
First Republic Bank Sold to JPMorgan Chase
reuters
U.S. Treasury encouraged by First Republic resolution, says banking system remains sound
yahoo
US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank failure since 2008 crisis
barrons
JPMorgan to Acquire All Deposits of First Republic
reuters
UPDATE 1-U.S. regulator seizes First Republic Bank, to sell assets to JP Morgan
wsj
First Republic Bank Is Seized, Sold to JPMorgan in Second-Largest U.S. Bank Failure
reuters
JP Morgan to buy First Republic's assets and assume deposit base
yahoo
U.S. regulator seizes First Republic Bank, to sell assets to JP Morgan
Sunday, 30 April 2023
 
reuters
PNC, JPM putting in final bids for First Republic in FDIC auction -sources
reuters
UPDATE 3-PNC, JPM putting in final bids for First Republic in FDIC auction -sources
Saturday, 29 April 2023
 
barrons
JPMorgan and PNC Are Among a Handful of Banks Bidding for First Republic
reuters
US FDIC asks JPMorgan, PNC for final First Republic bids due Sunday - Bloomberg News
yahoo
UPDATE 1-US FDIC asks JPMorgan, PNC for final First Republic bids due Sunday - Bloomberg News
bloomberg
FDIC Asks JPMorgan, PNC for Final First Republic Bids Due Sunday
Friday, 28 April 2023
 
wsj
JPMorgan, PNC Bid to Buy First Republic as Part of FDIC Takeover
bloomberg
First Republic’s Fate Uncertain After Stock’s Harrowing Tumble
investopedia
Markets End the Day, Week, and Month Higher
markets.businessinsider
Bailout for First Republic? US Officials In Discussion For Bank's Rescue: Report
wsj
Fed Says It Failed to Act on Problems That Led to Silicon Valley Bank Collapse
investors
First Republic Dives 46% As FDIC Receivership Seen Likely; Why Other Bank Stocks Are Unfazed
yahoo
First Republic Plunges to Record Low as Rescue Plan Proves Elusive
yahoo
WRAPUP 1-US regulators to release reviews of largest bank failures since 2008 crisis
Thursday, 27 April 2023
 
investopedia
Powerful Profits Elevate Equities
reuters
CANADA FX DEBT-C$ recoups some recent losses as Wall Street rallies
wsj
Why No Buyer Has Emerged for First Republic
yahoo
Why big banks are reluctant to rescue First Republic again
fool
The Unexpected Upside of First Republic's Shrinking Deposits
yahoo
GLOBAL MARKETS-Europe battles to shake off nagging banking concerns
aap.thestreet
Here Comes the GDP Report and Thoughts on 2 Key Holdings
yahoo
FTSE and European stocks lower as jitters over banking sector persist
Q2 2022
14 July 2022
Q2 2022 Earnings Call Transcript
Q1 2022
13 April 2022
Q1 2022 Earnings Call Transcript
Q4 2021
15 January 2022
Q4 2021 Earnings Call Transcript
Q3 2021
13 October 2021
Q3 2021 Earnings Call Transcript
Q2 2021
13 July 2021
Q2 2021 Earnings Call Transcript
Q1 2021
14 April 2021
Q1 2021 Earnings Call Transcript
Q4 2020
14 January 2021
Q4 2020 Earnings Call Transcript
Q3 2020
13 October 2020
Q3 2020 Earnings Call Transcript
Q2 2020
14 July 2020
Q2 2020 Earnings Call Transcript
Q1 2020
14 April 2020
Q1 2020 Earnings Call Transcript
Q4 2019
14 January 2020
Q4 2019 Earnings Call Transcript

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Overall analyst rating

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%

First Republic Bank dividend history

First Republic Bank executives

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
Company Market cap P/E EV/EBITDA P/S P/B P/FCF Change
$21.40B 0.10 0.27 3.76 0.08 22.94 -43.46%
$265.00B 13.70 10.84 2.70 0.91 6.50 +1.21%
$13.63B 4.15 N/A 2.35 0.85 5.14 +0.00%
$8.98B 8.91 6.74 3.65 1.29 6.12 +0.59%
$3.97B 11.39 N/A 3.34 1.60 3.82 -1.73%
$3.50B 10.88 7.79 6.54 1.68 11.70 +1.10%
$3.19B 7.96 7.07 4.20 1.17 9.17 +0.67%
$516.28M 18.07 13.32 5.27 1.18 19.94 +1.01%

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%

First Republic Bank dividend history

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

(in millions USD) 29 Sep 2022 29 Jun 2022 30 Mar 2022 30 Dec 2021
Current assets
Cash $5,532 $6,237 $7,756 $12,947
Short term investments
Net receivables $25 $20
Inventory
Total current assets $5,532 $6,945 $7,756 $13,449
Long term investments $32,902 $32,772 $31,533 $27,036
Property, plant & equipment $483 $1,919 $467 $1,597
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $205,109 $197,908 $187,121 $181,087
Current liabilities
Accounts payable $172,382 $165,647 $162,060 $156,321
Deferred revenue
Short long term debt
Total current liabilities $177,482 $172,074 $162,060 $156,516
Long term debt $7,179 $5,978 $5,478 $5,477
Total noncurrent liabilities
Total debt
Total liabilities $187,990 $181,482 $170,967 $165,189
Stockholders' equity
Retained earnings $7,591 $7,236 $6,893 $6,569
Other stockholder equity -$337 -$227 -$137 -$31
Total stockholder equity $13,486 $12,793 $12,521 $12,265
(in millions USD) 2021 2020 2019
Current assets
Cash $12,947 $5,095 $1,699.557
Short term investments
Net receivables
Inventory
Total current assets $13,449 $5,547 $2,104.421
Long term investments $27,036 $20,016 $19,917.84
Property, plant & equipment $1,597 $1,190 $1,020.349
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $181,087 $142,502 $116,263.634
Current liabilities
Accounts payable $156,321 $114,929 $90,133.246
Deferred revenue
Short long term debt
Total current liabilities $156,516 $115,002 $90,960.297
Long term debt $5,477 $13,529 $13,475.604
Total noncurrent liabilities
Total debt
Total liabilities $165,189 $130,751 $106,412.527
Stockholders' equity
Retained earnings $6,569 $5,346 $4,484.375
Other stockholder equity -$31 $23 $5.131
Total stockholder equity $12,265 $10,206 $8,706.107

Income statement

(in millions USD) 29 Sep 2022 29 Jun 2022 30 Mar 2022 30 Dec 2021
Revenue
Total revenue $1,487 $1,478 $1,386 $1,342.812
Cost of revenue
Gross profit $1,487 $1,478 $1,386 $1,342.812
Operating activities
Research & development
Selling, general & administrative $804 $794 $772 $755.676
Total operating expenses $902 $898 $851 $832.369
Operating income $585 $580 $535 $510.443
Income from continuing operations
EBIT
Income tax expense $123 $132 $119 $77.13
Interest expense
Net income
Net income $445 $433 $401 $400.374
Income (for common shares) $405 $392 $364 $367.981
(in millions USD) 2021 2020 2019
Revenue
Total revenue $4,975 $3,760 $3,279
Cost of revenue
Gross profit $4,975 $3,760 $3,279
Operating activities
Research & development
Selling, general & administrative $2,784 $2,124 $1,845
Total operating expenses $3,063 $2,355 $2,107
Operating income $1,912 $1,405 $1,172
Income from continuing operations
EBIT
Income tax expense $350 $270 $203
Interest expense
Net income
Net income $1,478 $1,064 $930
Income (for common shares) $1,379 $1,005 $881
(in millions USD) 29 Sep 2022 29 Jun 2022 30 Mar 2022 30 Dec 2021
Net income $445 $433 $401 $400.374
Operating activities
Depreciation $49 $51 $43.883
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations $106 $10 $981.183
Investing activities
Capital expenditures -$49 -$55 -$60.193
Investments -$790 -$4,423 -$1,405.474
Total cash flows from investing -$11,866 -$10,858 -$7,907.75
Financing activities
Dividends paid -$90 -$77 -$72.551
Sale and purchase of stock
Net borrowings $6,800 $6,800 -$4,000
Total cash flows from financing $10,241 $5,657 $7,593.874
Effect of exchange rate
Change in cash and equivalents -$1,519 -$5,191 $667.307
(in millions USD) 2021 2020 2019
Net income $1,478 $1,064 $930
Operating activities
Depreciation $184 $166 $138
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations $1,204 $531 $939
Investing activities
Capital expenditures -$198 -$149 -$168
Investments -$6,275 $652 -$1,911
Total cash flows from investing -$29,143 -$21,855 -$17,035
Financing activities
Dividends paid -$254 -$198 -$177
Sale and purchase of stock
Net borrowings -$8,055 -$745 $3,800
Total cash flows from financing $35,791 $24,719 $14,985
Effect of exchange rate
Change in cash and equivalents $7,852 $3,395 -$1,111

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