SAN FRANCISCO, January 17, 2023--First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that a 12-person team led by Derek Mohamed and Justin Merola has joined First Republic Investment Management.
A rise in revenues and loan growth drive First Republic's (FRC) Q4 results. However, higher expenses and elevated provisions for credit losses hurt.
First Republic Bank (FRC) delivered earnings and revenue surprises of 3.30% and 0.64%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?