First Republic Bank (FRC)

Company Profile

First Republic Bank engages in the provision of private banking, business banking, real estate lending, and wealth management, including trust and custody services. It operates through the Commercial Banking and Wealth Management segments. The Commercial Banking segment represents most of the operations, including real estate secured lending, retail deposit gathering, private banking activities, mortgage sales and servicing, and managing capital, liquidity, and interest rate risk. The Wealth Management segment consists of the investment management activities of FRIM, First Republic Trust Company, FRTC Delaware, mutual fund activities through third-party providers, the brokerage activities of FRSC, and foreign exchange activities conducted on behalf of clients. The company was founded by James H. Herbert II in February 1985 and is headquartered in San Francisco, CA.

Company profile

Ticker

FRC, FRC+J, FRC+K, FRC+L, FRC+M, FRC+N

Exchange

NYSE

Website

www.firstrepublic.com

CEO

James H. Herbert

Location

California

Sector

Finance > Regional Banks

SEC CIK

0001132979

IRS number

880157485

FRC stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$137.67

Low target

$97.00

High target

$162.00

Latest filings (excl ownership)

No filings

Transcripts

View all

FRC

Earnings call transcript

2022 Q4

13 Jan 23

FRC

Earnings call transcript

2022 Q3

14 Oct 22

FRC

Earnings call transcript

2022 Q2

14 Jul 22

FRC

Earnings call transcript

2022 Q1

13 Apr 22

FRC

Earnings call transcript

2021 Q4

14 Jan 22

FRC

Earnings call transcript

2021 Q3

13 Oct 21

FRC

Earnings call transcript

2021 Q2

13 Jul 21

FRC

Earnings call transcript

2020 Q3

13 Oct 20

Latest ownership filings

View all

SC 13G

Capital International Investors

Capital International Investors

Institutional ownership, Q4 2022

FRC institutional ownership history Ownership history

98.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	705	705	–
Opened positions	102	75	+36.0%
Closed positions	102	76	+34.2%
Increased positions	299	285	+4.9%
Reduced positions	228	248	-8.1%

13F shares	Current	Prev Q	Change
Total value	21.09 tn	21.00 bn	+100337.4%
Total shares	176.82 mm	160.70 mm	+10.0%
Total puts	244.00 k	138.90 k	+75.7%
Total calls	155.70 k	106.80 k	+45.8%
Total put/call ratio	1.6	1.3	+20.5%

Largest owners	Shares	Value	Change
Vanguard	20.56 mm	$2.51 tn	+1.9%
BLK Blackrock	13.16 mm	$1.60 tn	+4.0%
Capital International Investors	10.24 mm	$1.25 tn	-16.1%
STT State Street	9.63 mm	$1.17 tn	NEW
Alecta Pensionsforsakring, Omsesidigt	7.12 mm	$867.32 bn	+7.6%
RY Royal Bank Of Canada	5.53 mm	$674.65 bn	-2.2%
Select Equity	5.00 mm	$610.00 bn	-4.9%
Geode Capital Management	3.70 mm	$449.42 bn	+2.5%
Harding Loevner	3.29 mm	$400.46 bn	+11.7%
PFG Principal Financial Group Inc - Registered Shares	2.89 mm	$352.19 bn	-11.0%

Largest transactions	Shares	Bought/sold	Change
STT State Street	9.63 mm	+9.63 mm	NEW
Cottage Street Advisors	2.05 mm	+2.02 mm	+9479.6%
Capital International Investors	10.24 mm	-1.96 mm	-16.1%
Norges Bank	1.79 mm	+1.79 mm	NEW
FMR	789.03 k	-1.67 mm	-67.9%
Diamond Hill Capital Management	2.13 mm	+1.49 mm	+236.2%
Schroder Investment Management	18.71 k	-1.35 mm	-98.6%
FIL	1.05 mm	+1.05 mm	NEW
Capital Research Global Investors	2.84 mm	-887.10 k	-23.8%
Ci Investments	1.07 mm	+862.37 k	+412.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.