Financial service provider First Republic Bank (NYSE: FRC) on Monday announced results for the first quarter of 2023, reporting a decline in net profit and revenues.
- First-quarter 2023 revenues were $1.2 billion, which is down 13.4% year-over-year
- Net interest income declined 19.4% annually to $923 million during the three-month period
- Net income declined to $269 million or $1.23 per share in the March quarter from $401 million or $2.0 per share last year
- First-quarter book value per share was $76.97, up 10.4%
- Loans increased 22.6% to $173.3 billion, while total deposits declined by 35.5% annually to $104.5 billion
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
