First Republic Bank: Q4 Earnings Snapshot

SAN FRANCISCO (AP) _ First Republic Bank (FRC) on Friday reported fourth-quarter net income of $400 million.

The San Francisco-based bank said it had earnings of $2.02 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.

The San Francisco bank posted revenue of $1.41 billion in the period. Its revenue net of interest expense was $1.37 billion, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.34 billion.

For the year, the company reported profit of $1.48 billion, or $7.68 per share. Revenue was reported as $5.03 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRC at https://www.zacks.com/ap/FRC

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