First
First Republic Financial institution (FRC) got here out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.29 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 10.32%. 1 / 4 in the past, it was anticipated that this San Francisco financial institution would submit earnings of $1.21 per share when it really produced earnings of $1.31, delivering a shock of 8.26%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
First Republic Financial institution, which belongs to the Zacks Banks – West trade, posted revenues of $877.46 million for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $810.75 million. The corporate has topped consensus income estimates two occasions over the past 4 quarters.
The sustainability of…