Skip to Content

First Republic Bank FRC

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Circling Back After Q4 Earnings, Lowering First Republic's FVE to $185 From $195

Eric Compton, CFA Senior Equity Analyst

Analyst Note

| Eric Compton, CFA |

After incorporating the latest quarterly results, we are decreasing our fair value estimate for First Republic Bank to $185 per share from $195. This was primarily driven by a re-evaluation of our interest rate sensitivity assumptions following earnings (we decreased them slightly). Our fair value estimate equates to 2.7 times tangible book value as of December. This is generally below consensus but above the current market price after the bank's recent sell-off.

Read Full Analysis

Company Profile

Business Description

First Republic offers private banking and wealth management services to high-net-worth clients. Services are primarily offered in the San Francisco, New York City, and Los Angeles markets. The bank was founded in 1985.

Contact
111 Pine Street, 2nd Floor
San Francisco, CA, 94111
T +1 415 392-1400
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 6,154