Review Mortgage Lenders

First Republic Bank

11477 First Republic Bank 001


First Republic Bank (FRC) Getting Somewhat Positive News Coverage, Accern Reports

First Republic Bank (NYSE:FRC) last released its earnings results on Friday, July 14th. The bank reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.03. The business had revenue of $641.30 million for the quarter, compared to the consensus estimate of $671.27 million. First Republic Bank had a return on equity of 12.16% and a net margin of 27.37%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Analysts expect that First Republic Bank will post $4.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, July 25th. First Republic Bank’s payout ratio is 16.59%.

Does First Republic Bank execute automatic transfers at midnight?

Ok so I'm 15, I get a monthly sum of money from my parents for allowance. I have a debit card so they transfer it to my account so I can do what I please with the money once its transferred. So I get the money on the first of every month.

It's probably neither. It will depend on their "start of day" process and will likely be the early hours of the morning and can probably vary slightly. Generally all banks will run their huge IT processes overnight.