First Republic Bank: Q4 Earnings Snapshot
SAN FRANCISCO (AP) _ First Republic Bank (FRC) on Friday reported fourth-quarter net income of $386 million.
The bank, based in San Francisco, said it had earnings of $1.88 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The San Francisco bank posted revenue of $1.96 billion in the period. Its revenue net of interest expense was $1.44 billion, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $1.45 billion.
For the year, the company reported profit of $1.67 billion, or $8.25 per share. Revenue was reported as $5.87 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRC at https://www.zacks.com/ap/FRC