|Bid||23.90 x 3200|
|Ask||26.91 x 1000|
|Day's range||23.90 - 24.18|
|52-week range||20.81 - 26.15|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||3.06|
|Forward dividend & yield||1.38 (5.67%)|
|Ex-dividend date||15 Dec 2022|
|1y target est||N/A|
First Republic Bank (NYSE: FRC) is likely to face pressure this year as the entire banking system struggles with deposit headwinds. The bank is not a huge benefactor from rising interest rates, to begin with, and its loan yields will not reprice high enough to offset the headwinds from rising deposit costs this year. First Republic is largely in the business of serving high-net-worth individuals in the coastal regions -- think San Francisco, Los Angeles, New York City, Boston, and other similar markets.
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?