Company
First Republic Bank
Headquarters: San Francisco, CA, United States
Founded: 1985
Employees: 6,295
CEO: Mr. Michael J. Roffler
Market Cap
$22.30 Billion
USD as of Jan. 1, 2023
First Republic Bank Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Company Description
First Republic Bank is a regional bank and wealth management company. Operating primarily in the West and East coasts, First Republic Bank offers services of personal and business banking and provides wealth management services dedicated to high net-worth individuals via its subsidiaries First Republic Wealth Advisors and First Republic Investment Management. Besides, it is also involved in brokerage services through First Republic Securities Company LLC and trust services through First Republic Trust Company.
Top Competitors by Market Capitalization
Industry: Banks—Regional
| Company | Market Cap (USD) |
|---|---|
| HDFC Bank | $169.00 B |
| China Merchants Bank | $115.76 B |
| ICICI Bank Limited | $101.49 B |
| Al Rajhi Banking and Investment Corp | $84.87 B |
| DBS Group Holdings Ltd | $79.57 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. It operates in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook accounts, as well as certificates of deposit. It also offers a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate and construction loans, personal and business loans, single family construction loans, and other loans and lines of credit to businesses and individuals. The company's loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, online investment management, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2021, it offered its services through 82 licensed deposit taking offices primarily in the San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. It also has 12 additional offices that offer lending, wealth management, or trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.
Top 1-year algo backtest: +265.99%
$10,000 in October 2023 would now be $36,599 by following this algorithm daily at market close.
Use AI to boost your investing & swing trading, now!
Try Disfold DeepFinance FREE
Stocks & Indices
First Republic Bank has the following listings and related stock indices.
Stock: NYSE: FRC wb_incandescent
Stock: BMV: FRC wb_incandescent
Stock: Bovespa: F1RC34 wb_incandescent
Stock: FSX: 81R wb_incandescent
Stock: NYSE: FRC.PR.H wb_incandescent
Stock: NYSE: FRC.PR.I wb_incandescent
Stock: NYSE: FRC.PR.K wb_incandescent
Stock: NYSE: FRC.PR.L wb_incandescent
Stock: NYSE: FRC.PR.M wb_incandescent
Product & Services
Consumer BankingBusiness BankingWealth ManagementMortgages
Key People
James H. Herbert II Executive Chairman Michael J. Roffler CEO and President
Financials
Total assets: US$181.1 billion (2021)