First Republic Bank Announces 26% Advance In Q2 Bottom Line

(RTTNews) - First Republic Bank (FRC) revealed a profit for its second quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $147.62 million, or $0.97 per share. This was higher than $116.93 million, or $0.80 per share, in last year's second quarter.

Analysts had expected the company to earn $0.91 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First Republic Bank earnings at a glance:

-Earnings (Q2): $147.62 Mln. vs. $116.93 Mln. last year. -Earnings Growth (Y-o-Y): 26.2% -EPS (Q2): $0.97 vs. $0.80 last year. -EPS Growth (Y-o-Y): 21.2% -Analysts Estimate: $0.91