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First Republic Bank Q3 Results Miss Street Expectations


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First Republic Bank ( FRC ), a provider of commercial banking and wealth management, reported Friday Q3 net income of $1.19 per diluted share, up from $1.14 in the prior year. That came in short of the $1.20 per share Street estimate provided by Capital IQ.

Revenue for the quarter, reported as a combination of net interest income and total non-interest income, was $768.8 million, up from $670.3 million reported for the same period last year. But the result came in lower than the $792 million Street estimate.

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



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