First Republic Bank Profit Climbs In Q1

(RTTNews) – First Republic Bank (FRC) revealed earnings for its first quarter that advanced from the same period last year.

The company’s earnings came in at $279.49 million, or $1.60 per share. This compares with $235.62 million, or $1.39 per share, in last year’s first quarter.

Analysts had expected the company to earn $1.52 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

First Republic Bank earnings at a glance:

-Earnings (Q1): $279.49 Mln. vs. $235.62 Mln. last year. -EPS (Q1): $1.60 vs. $1.39 last year. -Analysts Estimate: $1.52

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