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First Republic Bank Q1 EPS Beats Street, Revenue Misses


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First Republic Bank ( FRC ) Friday reported Q1 EPS above expectations, with revenue missing Street views.

The San Francisco-based bank reported Q1 EPS of $1.13, up from $1.01 a year earlier, and above the Street view of $1.07 as compiled by Capital IQ.

The bank reported Q1 revenue of $720.9 million, up from $601.1 million last year, but still below the Street view of $732.7 million.

The lender said it will distribute a quarterly dividend of $0.18 per share, up two cents from the prior quarterly dividend. It is payable on May 10 to holders of record on April 26.

The bank slated a 10 am ET conference call.

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This article appears in: Investing , ETFs
Referenced Symbols: FRC


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