First Republic Bank Q4 Profit Down - Quick Facts

(RTTNews) - First Republic Bank (FRC) reported that its fourth-quarter net income available to common shareholders declined to $102.50 million or $0.75 per share, from $103.06 million or $0.76 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.75 per share for the quarter. Analysts' estimates typically exclude special items.

Non-GAAP net income available to common shareholders for the quarter rose to $90.50 million from the prior year's $82.26 million, with Non-GAAP earnings per share improving to $0.66 from $0.61 last year.

Net interest income for the quarter grew to $314.82 million from last year's $302.33 million. Total noninterest income was $56.20 million, up from $55.61 million in the prior year quarter.

Total revenues for the latest-quarter were $371.0 million. Core revenues for the recent quarter were $345.9 million. Thirteen analysts estimated revenues of $328.33 million for the quarter.

The Bank declared a cash dividend for the fourth quarter of $0.12 per share of common stock, which is payable on February 14, 2014 to shareholders of record as of January 31, 2014.