WASHINGTON (dpa-AFX) - First Republic Bank (FRC) released a profit for first quarter that decreased from the same period last year.
The company's earnings came in at $205.67 million, or $1.20 per share. This compares with $213.80 million, or $1.26 per share, in last year's first quarter.
Analysts had expected the company to earn $1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
First Republic Bank earnings at a glance:
-Earnings (Q1): $205.67 Mln. vs. $213.80 Mln. last year. -EPS (Q1): $1.20 vs. $1.26 last year. -Analysts Estimate: $1.02
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