FIRST REPUBLIC BANK (NYSE:FRC) declared 2Q20 dividend of $ 0.20 per share, or $ 0.80 annualized.
The dividend will be payable on August 13, 2020, to stockholders of record on July 30, 2020, with an ex-dividend date of July 29, 2020.
Dividends History
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Recent Earnings Announcement
FIRST REPUBLIC BANK revealed income for the second quarter of $ 1.40 per share, from the revenue of $ 943.42 million. The quarterly earnings increased 12.90 percent while revenues gained 6.51 percent compared with the same quarter last year. Street analysts expected FIRST REPUBLIC BANK to report income of $ 1.17 per share on revenue of $ 912.52 million for the second quarter. The bottom line results beat street analysts by $ 0.23 or 19.66 percent, at the same time, top line results topped analysts by $ 30.90 million or 3.39 percent.
Stock Performance
According to the previous trading day, closing price of FRC was $ 106.76, representing a 52.38 % increase from the 52 week low of $ 70.06 and a 14.67 % decrease over the 52 week high of $ 125.12.
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The company has a market capital of $ 18.33 billion and is part of the Financial Services sector and Banks – Regional – US industry.
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit.
