First Republic Bank

Halal Rating :
Uncomfortable
Last Price $0
Market Cap -
1D Change

0.0 %

1 Year Change

-98.75 %

Next Earnings Date

Yet to be announced

Company Overview

First Republic Bank is a commercial bank and wealth management company headquartered in San Francisco, California. The bank provides private banking, private business banking, and private wealth management services to clients. The bank specializes in delivering personalized financial services to high-net-worth individuals, businesses, nonprofits and foundations.

Revenue Sources

Fail

Based on the financial data provided, First Republic Bank's primary source of revenue comes from interest income, which constitutes a majority of their total revenue across all quarters analyzed. This is typical for a conventional banking institution whose business model revolves around interest-based lending and borrowing.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2020 $1.0b $36.26m $961.98m $131.7m 96.08% 363.18%
June 30, 2020 $918.98m $76.48m $943.42m $156.01m 102.66% 204.00%
March 31, 2020 $916.18m $37.15m $956.12m $203.99m 104.36% 549.05%
Dec. 31, 2019 $877.46m $36.69m $936.95m $216.84m 106.78% 590.95%

The company's financial statements show substantial interest income and interest expenses as core components of their business model. Interest income and expenses are fundamental to their operations as a traditional bank, with interest income representing over 90% of total revenue in each quarter analyzed. This indicates that interest is not incidental but rather central to their business model.

Operational Ethics

Pass

Based on available information, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.

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