
First Republic Bank
0.0 %
-98.75 %
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
FailBased 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
PassBased 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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