First Republic Bank
As of May 1, 2023, First Republic Bank went out of business. Previously, First Republic Bank provided private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. The company was founded in 1985 and was headquartered in San Francisco, California. First Republic Bank now trades on OTCPK.
First Republic Bank (FRCB) - Net Assets
Latest net assets as of March 2023: $17.99 Billion USD
Based on the latest financial reports, First Republic Bank (FRCB) has net assets worth $17.99 Billion USD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($232.94 Billion) and total liabilities ($214.95 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $17.99 Billion |
| % of Total Assets | 7.72% |
| Annual Growth Rate | 22.93% |
| 5-Year Change | 101.04% |
| 10-Year Change | 319.37% |
| Growth Volatility | 33.12 |
First Republic Bank - Net Assets Trend (1985–2022)
This chart illustrates how First Republic Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Republic Bank (1985–2022)
The table below shows the annual net assets of First Republic Bank from 1985 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $17.45 Billion | +9.74% |
| 2021-12-31 | $15.90 Billion | +35.29% |
| 2020-12-31 | $11.75 Billion | +19.29% |
| 2019-12-31 | $9.85 Billion | +13.52% |
| 2018-12-31 | $8.68 Billion | +10.99% |
| 2017-12-31 | $7.82 Billion | +13.17% |
| 2016-12-31 | $6.91 Billion | +21.08% |
| 2015-12-31 | $5.71 Billion | +19.40% |
| 2014-12-31 | $4.78 Billion | +14.87% |
| 2013-12-31 | $4.16 Billion | +22.41% |
| 2012-12-31 | $3.40 Billion | +30.96% |
| 2011-12-31 | $2.60 Billion | +16.64% |
| 2010-12-31 | $2.22 Billion | +59.38% |
| 2009-12-31 | $1.40 Billion | -48.03% |
| 2008-12-31 | $2.69 Billion | +9.54% |
| 2007-12-31 | $2.45 Billion | +161.75% |
| 2006-12-31 | $936.77 Million | +27.85% |
| 2005-12-31 | $732.71 Million | +21.78% |
| 2004-12-31 | $601.68 Million | +25.24% |
| 2003-12-31 | $480.44 Million | +29.09% |
| 2002-12-31 | $372.18 Million | +32.75% |
| 2001-12-31 | $280.35 Million | +8.73% |
| 2000-12-31 | $257.85 Million | +7.37% |
| 1999-12-31 | $240.16 Million | +42.53% |
| 1998-12-31 | $168.50 Million | +5.18% |
| 1997-12-31 | $160.20 Million | +26.74% |
| 1996-12-31 | $126.40 Million | +16.71% |
| 1995-12-31 | $108.30 Million | +0.93% |
| 1994-12-31 | $107.30 Million | +2.29% |
| 1993-12-31 | $104.90 Million | +13.90% |
| 1992-12-31 | $92.10 Million | +55.31% |
| 1991-12-31 | $59.30 Million | +93.79% |
| 1990-12-31 | $30.60 Million | +47.12% |
| 1989-12-31 | $20.80 Million | 0.00% |
| 1988-12-31 | $20.80 Million | +1.46% |
| 1987-12-31 | $20.50 Million | +28.93% |
| 1986-12-31 | $15.90 Million | +89.29% |
| 1985-12-31 | $8.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Republic Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 788600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $7.89 Billion | 45.20% |
| Common Stock | $2.00 Million | 0.01% |
| Other Comprehensive Income | $-331.00 Million | -1.90% |
| Other Components | $9.89 Billion | 56.68% |
| Total Equity | $17.45 Billion | 100.00% |
First Republic Bank Competitors by Market Cap
The table below lists competitors of First Republic Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coretec Group Inc
PINK:CRTG
|
$111.81K |
|
CMC Markets PLC
LSE:CMCX
|
$111.95K |
|
Shinsegae Engineering & Construction Co. Ltd.
KQ:034300
|
$111.97K |
|
CFI-Compagnie Foncière Internationale
PA:CFI
|
$112.00K |
|
FABASOFT (FAA.SG)
STU:FAA
|
$111.69K |
|
SEVEN & I HDGS (S6M.SG)
STU:S6M
|
$111.57K |
|
POTBELLY
BE:PTB
|
$111.56K |
|
TALLINNA VESI -A- (A1T.SG)
STU:A1T
|
$111.51K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Republic Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 15,898,000,000 to 17,446,000,000, a change of 1,548,000,000 (9.7%).
- Net income of 1,665,000,000 contributed positively to equity growth.
- Dividend payments of 348,000,000 reduced retained earnings.
- Share repurchases of 436,000,000 reduced equity.
- New share issuances of 402,000,000 increased equity.
- Other comprehensive income decreased equity by 300,000,000.
- Other factors increased equity by 565,000,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.67 Billion | +9.54% |
| Dividends Paid | $348.00 Million | -1.99% |
| Share Repurchases | $436.00 Million | -2.5% |
| Share Issuances | $402.00 Million | +2.3% |
| Other Comprehensive Income | $-300.00 Million | -1.72% |
| Other Changes | $565.00 Million | +3.24% |
| Total Change | $- | 9.74% |
Book Value vs Market Value Analysis
This analysis compares First Republic Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.13 | $0.00 | x |
| 1986-12-31 | $4.03 | $0.00 | x |
| 1987-12-31 | $3.32 | $0.00 | x |
| 1988-12-31 | $2.64 | $0.00 | x |
| 1989-12-31 | $2.65 | $0.00 | x |
| 1990-12-31 | $3.69 | $0.00 | x |
| 1991-12-31 | $5.63 | $0.00 | x |
| 1992-12-31 | $5.41 | $0.00 | x |
| 1993-12-31 | $5.08 | $0.00 | x |
| 1994-12-31 | $5.59 | $0.00 | x |
| 1995-12-31 | $6.62 | $0.00 | x |
| 1996-12-31 | $6.27 | $0.00 | x |
| 1997-12-31 | $7.08 | $0.00 | x |
| 1998-12-31 | $7.55 | $0.00 | x |
| 1999-12-31 | $11.65 | $0.00 | x |
| 2000-12-31 | $12.42 | $0.00 | x |
| 2001-12-31 | $19.40 | $0.00 | x |
| 2002-12-31 | $18.06 | $0.00 | x |
| 2003-12-31 | $21.43 | $0.00 | x |
| 2004-12-31 | $18.24 | $0.00 | x |
| 2005-12-31 | $22.44 | $0.00 | x |
| 2006-12-31 | $28.14 | $0.00 | x |
| 2007-12-31 | $19.48 | $0.00 | x |
| 2008-12-31 | $21.33 | $0.00 | x |
| 2009-12-31 | $10.30 | $0.00 | x |
| 2010-12-31 | $16.59 | $0.00 | x |
| 2011-12-31 | $18.97 | $0.00 | x |
| 2012-12-31 | $25.33 | $0.00 | x |
| 2013-12-31 | $30.60 | $0.00 | x |
| 2014-12-31 | $34.01 | $0.00 | x |
| 2015-12-31 | $39.21 | $0.00 | x |
| 2016-12-31 | $44.83 | $0.00 | x |
| 2017-12-31 | $48.16 | $0.00 | x |
| 2018-12-31 | $52.40 | $0.00 | x |
| 2019-12-31 | $58.10 | $0.00 | x |
| 2020-12-31 | $67.90 | $0.00 | x |
| 2021-12-31 | $88.32 | $0.00 | x |
| 2022-12-31 | $95.33 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Republic Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.00%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 12.19x
- Recent ROE (9.54%) is above the historical average (9.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 3.14% | 0.00% | -0.01x | 8.86x | $-1.09 Million |
| 1987 | 3.41% | 0.00% | -0.01x | 8.98x | $-1.35 Million |
| 1988 | 4.81% | 0.00% | -0.01x | 17.49x | $-1.08 Million |
| 1989 | 5.29% | 0.00% | -0.01x | 17.49x | $-980.00K |
| 1990 | 12.42% | 0.00% | 0.00x | 23.08x | $740.00K |
| 1991 | 12.65% | 0.00% | 0.00x | 15.72x | $1.57 Million |
| 1992 | 12.81% | 0.00% | 0.00x | 13.38x | $2.59 Million |
| 1993 | 11.82% | 2066.67% | 0.00x | 13.51x | $1.91 Million |
| 1994 | 6.80% | 0.00% | 0.00x | 15.91x | $-3.43 Million |
| 1995 | 1.11% | 0.00% | -0.01x | 17.58x | $-9.63 Million |
| 1996 | 9.89% | 0.00% | 0.00x | 17.06x | $-140.00K |
| 1997 | 10.74% | 291.53% | 0.00x | 15.13x | $1.18 Million |
| 1998 | 12.11% | 275.68% | 0.00x | 17.53x | $3.55 Million |
| 1999 | 9.25% | 108.18% | 0.01x | 14.98x | $-1.79 Million |
| 2000 | 8.78% | 81.45% | 0.01x | 14.18x | $-3.15 Million |
| 2001 | 8.94% | 88.25% | 0.01x | 14.97x | $-2.97 Million |
| 2002 | 9.32% | 50.97% | 0.01x | 17.14x | $-1.92 Million |
| 2003 | 11.17% | 52.05% | 0.01x | 18.10x | $3.88 Million |
| 2004 | 10.26% | 69.46% | 0.01x | 16.38x | $1.19 Million |
| 2005 | 10.41% | 79.09% | 0.01x | 15.96x | $2.42 Million |
| 2006 | 8.78% | 18.97% | 0.03x | 14.76x | $-9.65 Million |
| 2007 | 0.56% | 2.94% | 0.03x | 6.44x | $-231.50 Million |
| 2008 | 0.37% | 1.68% | 0.03x | 7.33x | $-258.60 Million |
| 2009 | 26.74% | 32.78% | 0.05x | 15.38x | $217.01 Million |
| 2010 | 12.68% | 27.07% | 0.04x | 10.47x | $57.39 Million |
| 2011 | 13.98% | 30.26% | 0.04x | 11.04x | $100.31 Million |
| 2012 | 11.84% | 30.61% | 0.04x | 10.12x | $62.62 Million |
| 2013 | 11.11% | 31.46% | 0.03x | 10.12x | $46.07 Million |
| 2014 | 10.19% | 29.53% | 0.03x | 10.12x | $9.16 Million |
| 2015 | 9.15% | 28.86% | 0.03x | 10.34x | $-48.42 Million |
| 2016 | 9.75% | 28.87% | 0.03x | 10.61x | $-17.44 Million |
| 2017 | 9.69% | 26.55% | 0.03x | 11.23x | $-24.17 Million |
| 2018 | 9.84% | 24.41% | 0.04x | 11.43x | $-13.95 Million |
| 2019 | 9.44% | 22.86% | 0.03x | 11.80x | $-55.11 Million |
| 2020 | 9.05% | 23.94% | 0.03x | 12.13x | $-111.10 Million |
| 2021 | 9.30% | 28.25% | 0.03x | 11.43x | $-111.80 Million |
| 2022 | 9.54% | 25.00% | 0.03x | 12.19x | $-79.60 Million |
Industry Comparison
This section compares First Republic Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Republic Bank (FRCB) | $17.99 Billion | 3.14% | 11.95x | $111.73K |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |