First Republic Bank Reports 30% Increase In Q1 Earnings

(RTTNews) - First Republic Bank (FRC) reported earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $132.41 million, or $0.88 per share. This was up from $102.02 million, or $0.71 per share, in last year's first quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First Republic Bank earnings at a glance:

-Earnings (Q1): $132.41 Mln. vs. $102.02 Mln. last year. -Earnings Growth (Y-o-Y): 29.8% -EPS (Q1): $0.88 vs. $0.71 last year. -EPS Growth (Y-o-Y): 23.9% -Analysts Estimate: $0.80