First Republic Bank Reported Q3 Results, With Remaining Robust Growth Outlook Despite the Prospect of Rising Rates
<p><a href='https://financialmodelingprep.com/financial-summary/FRC'>First Republic Bank (NYSE:FRC) </a>reported its Q3 results, with GAAP EPS coming in at $1.91, beating the consensus estimate of $1.84.</p>
<p>The quarterly fundamentals trends were solid with average loans up 23% year-over-year, average deposits up 40% year-over-year, and net interest income up 27% year-over-year. </p>
<p>The company reiterated its full 2021-year guidance, including loan growth in the mid-teens. The company also implied that loan growth for 2022 could also be in the mid-teens range, which is viewed positively by the analysts at Wedbush, given investors may have been concerned that management could lower its growth expectations given the prospect of rising rates.</p>

NYSE:FRC