| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | First Republic Bank (FRC) | ||||||||||||||||||||||||||
2 | In million/Year (yearend 12/31) | ** 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |||||||||||||
3 | Earning assets (EA) 8 | 18986.7 | 21595.6 | 26614.5 | 33382.6 | 40933.2 | 47171.0 | 57629.3 | 72184.2 | 85873.2 | 97005.3 | 113008.1 | 139405.0 | 177476.0 | |||||||||||||
4 | Total loan | 18632.8 | 18550.5 | 22335.6 | 27986.8 | 34000.5 | 37808.4 | 44083.6 | 52008.3 | 62840.2 | 75865.3 | 90796.8 | 112566.0 | 134956.0 | |||||||||||||
5 | Allowance for loan loss | 45.0 | 18.8 | 68.1 | 129.9 | 153.0 | 207.3 | 261.1 | 306.4 | 365.9 | 439.0 | 496.1 | 635.0 | 694.0 | |||||||||||||
6 | Total asset | 19940.6 | 22377.6 | 27791.8 | 34389.2 | 42122.8 | 48350.2 | 58981.3 | 73277.8 | 87780.5 | 99205.2 | 116263.6 | 142502.0 | 181087.0 | |||||||||||||
7 | asset growth | 12.22% | 24.19% | 23.74% | 22.49% | 14.78% | 21.99% | 24.24% | 19.79% | 13.02% | 17.20% | 22.57% | 27.08% | ||||||||||||||
8 | Book Equity | 1395.9 | 2224.8 | 2595.0 | 3400.1 | 4160.0 | 4778.5 | 5705.6 | 6908.7 | 7818.3 | 8677.8 | 9851.1 | 11751.0 | 15898.0 | |||||||||||||
9 | Tangible Equity | 1371.4 | 17967.2 | 2435.8 | 3134.7 | 3920.8 | 4561.9 | 5396.7 | 6705.5 | 7619.9 | 8403.8 | 9615.8 | 11523.0 | 15676.0 | |||||||||||||
10 | Deposit | 17182.5 | 19235.7 | 22459.3 | 27088.2 | 32082.7 | 37130.9 | 47893.5 | 52602.4 | 68918.7 | 79063.2 | 90133.2 | 114929.0 | 156321.0 | |||||||||||||
11 | Debt (Debt & borrowing) | 196.4 | 668.4 | 2265.7 | 3225.0 | 5150.0 | 5671.4 | 4397.2 | 6785.3 | 10071.8 | 10473.9 | 14275.6 | 13529.0 | 5477.0 | |||||||||||||
12 | Nonperforming asset 10 | 283.3 | 20.6 | 36.7 | 66.6 | 77.7 | 66.6 | 91.8 | 63.3 | 50.3 | 58.0 | 156.5 | 195.0 | 152.0 | |||||||||||||
13 | Nonperforming asset to total loans | 1.521% | 0.111% | 0.164% | 0.238% | 0.228% | 0.176% | 0.208% | 0.122% | 0.080% | 0.076% | 0.172% | 0.173% | 0.113% | |||||||||||||
14 | Net Charge-Off | 84.0 | 16.0 | 5.0 | 2.0 | 14.0 | 2.0 | 2.0 | 2.0 | 1.0 | 3.0 | 5.0 | 2.0 | 2.0 | |||||||||||||
15 | Net Charge-Off to loans ratio | 0.451% | 0.086% | 0.022% | 0.007% | 0.041% | 0.005% | 0.005% | 0.004% | 0.002% | 0.004% | 0.006% | 0.002% | 0.001% | |||||||||||||
16 | Weighted average LTV: 9 | ||||||||||||||||||||||||||
17 | Single family | 58.0% | 61.0% | 60.0% | 60.0% | 59.0% | 59.0% | 58.0% | 58.0% | 58.0% | 58.0% | 57.0% | 58.0% | ||||||||||||||
18 | Equity line of credit | na | na | 56.0% | 55.0% | 55.0% | 54.0% | 53.0% | 52.0% | 52.0% | 51.0% | 50.0% | 50.0% | ||||||||||||||
19 | Single family construction | 57.0% | 56.0% | ||||||||||||||||||||||||
20 | Multifamily | 60.0% | 60.0% | 59.0% | 57.0% | 57.0% | 55.0% | 53.0% | 52.0% | 51.0% | 51.0% | 51.0% | 51.0% | ||||||||||||||
21 | Commercial real estate | 56.0% | na | 55.0% | 54.0% | 52.0% | 50.0% | 49.0% | 48.0% | 48.0% | 47.0% | 46.0% | 46.0% | ||||||||||||||
22 | Multifamily/commercial construction | 60.0% | 58.0% | 59.0% | 55.0% | 56.0% | 55.0% | 54.0% | 55.0% | 55.0% | 55.0% | 53.0% | 54.0% | ||||||||||||||
23 | Business | 38.2% | 41.6% | ||||||||||||||||||||||||
24 | |||||||||||||||||||||||||||
25 | Multifamily/commercial construction + single family construction | ||||||||||||||||||||||||||
26 | A real useful info about LTV is to categorize the loans portfolio with LTV range, such how many million of loans is in the LTV range 80%-75% and so on. | ||||||||||||||||||||||||||
27 | Company provide such info for single family and line of credit. It is not very helpful if the picture is incomplete | ||||||||||||||||||||||||||
28 | |||||||||||||||||||||||||||
29 | |||||||||||||||||||||||||||
30 | Interest Income | 1215.4 | 1055.6 | 1183.0 | 1287.2 | 1356.0 | 1483.0 | 1664.1 | 1980.9 | 2451.6 | 3031.6 | 3579.0 | 3853.0 | 4385.0 | |||||||||||||
31 | Interest Expense | 258.4 | 149.5 | 117.2 | 114.2 | 131.8 | 152.2 | 147.4 | 163.7 | 300.2 | 530.5 | 815.0 | 591.0 | 271.0 | |||||||||||||
32 | Net interest income | 956.9 | 906.1 | 1065.7 | 1173.0 | 1224.2 | 1330.8 | 1516.7 | 1817.2 | 2151.5 | 2501.1 | 2764.0 | 3262.0 | 4114.0 | |||||||||||||
33 | Provision for loan loss | 49.5 | 36.2 | 52.3 | 63.4 | 37.0 | 56.5 | 55.4 | 47.2 | 60.2 | 76.1 | 62.0 | 157.0 | 59.0 | |||||||||||||
34 | Non-interest income | 115.6 | 95.9 | 117.9 | 168.7 | 244.4 | 318.4 | 325.1 | 394.8 | 460.5 | 543.4 | 577.0 | 655.0 | 920.0 | |||||||||||||
35 | Non-interest Expense | 417.3 | 496.2 | 576.6 | 677.0 | 768.0 | 922.7 | 1095.6 | 1337.2 | 1639.5 | 1916.7 | 2146.0 | 2426.0 | 3147.0 | |||||||||||||
36 | EBT | 605.8 | 469.6 | 554.7 | 601.3 | 663.6 | 669.9 | 690.7 | 827.6 | 912.2 | 1051.7 | 1133.0 | 1334.0 | 1828.0 | |||||||||||||
37 | Income Tax | 254.3 | 193.6 | 198.0 | 198.6 | 201.5 | 182.9 | 168.5 | 154.2 | 154.5 | 197.9 | 203.0 | 270.0 | 350.0 | |||||||||||||
38 | Less: Net income from noncontrolling interest | 4.8 | 4.8 | 4.6 | 1.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||
39 | Preferred stock dividend | 0.0 | 0.0 | 0.0 | 31.9 | 40.7 | 55.6 | 58.9 | 68.6 | 58.0 | 57.7 | 49.0 | 59.0 | 99.0 | |||||||||||||
40 | Net Income for common share holders | 346.6 | 271.2 | 352.1 | 369.2 | 421.4 | 431.5 | 463.2 | 604.8 | 699.6 | 796.1 | 881.0 | 1005.0 | 1379.0 | |||||||||||||
41 | EPS | 2.14 | 2.65 | 2.75 | 3.10 | 3.07 | 3.18 | 3.93 | 4.31 | 4.81 | 5.20 | 5.81 | 7.68 | ||||||||||||||
42 | |||||||||||||||||||||||||||
43 | Wealth Management | ||||||||||||||||||||||||||
44 | Average deposit from wealth management | 2700.0 | 3300.0 | 3700.0 | 6000.0 | 7100.0 | 7500.0 | 8800.0 | 11800.0 | 18500.0 | |||||||||||||||||
45 | Interest paid to deposit fr wealth management | Information | is incomplete | 42.2 | 39.0 | 39.0 | 59.8 | 67.3 | 80.9 | 90.0 | 121.0 | 193.0 | |||||||||||||||
46 | Total income earned by wealth Management | 56.8 | 56.0 | 64.7 | 55.2 | 67.1 | 94.4 | 102.0 | 103.0 | 202.0 | |||||||||||||||||
47 | Net interest income earned by loans | 88.2 | 103.7 | 115.6 | 191.2 | 221.8 | 221.9 | 250.0 | 322.0 | 493.0 | |||||||||||||||||
48 | generated from clients' deposits, | ||||||||||||||||||||||||||
49 | on a consolidated basis | ||||||||||||||||||||||||||
50 | Outstanding shares | na | 126.8 | 132.7 | 134.2 | 135.9 | 140.5 | 145.5 | 154.1 | 162.3 | 165.6 | 169.6 | 173.0 | 179.6 | |||||||||||||
51 | Share Price at Yearend | ||||||||||||||||||||||||||
52 | P/E at yearend | #DIV/0! | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||
53 | Dividend per share | #VALUE! | 0.00 | 0.00 | 0.30 | 0.36 | 0.54 | 0.59 | 0.63 | 0.67 | 0.71 | 0.75 | 0.79 | 0.86 | |||||||||||||
54 | Dividend yield at yearend | #VALUE! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | |||||||||||||
55 | |||||||||||||||||||||||||||
56 | Stock compensation | 24.98 | 23.66 | 21.63 | 27.23 | 27.48 | 34.83 | 56.50 | 75.25 | 93.13 | 104.00 | 149.00 | 240.00 | ||||||||||||||
57 | |||||||||||||||||||||||||||
58 | |||||||||||||||||||||||||||
59 | CEO Pay | 7.171 | 36.334 | 3.696 | 15.170 | 6.224 | 5.932 | 7.073 | 8.617 | 8.308 | 11.383 | 12.884 | 13.266 | 17.817 | |||||||||||||
60 | % to Revenue | 0.67% | 3.63% | 0.31% | 1.13% | 0.42% | 0.36% | 0.38% | 0.39% | 0.32% | 0.37% | 0.39% | 0.34% | 0.35% | |||||||||||||
61 | % to Net | 2.07% | 13.40% | 1.05% | 4.11% | 1.48% | 1.37% | 1.53% | 1.42% | 1.19% | 1.43% | 1.46% | 1.32% | 1.29% | |||||||||||||
62 | |||||||||||||||||||||||||||
63 | |||||||||||||||||||||||||||
64 | Executive Pay | 18.070 | 76.420 | 11.018 | 27.304 | 19.030 | 19.659 | 24.849 | 28.951 | 28.863 | 38.147 | 40.955 | 41.210 | 49.733 | |||||||||||||
65 | % to Revenue | 1.68% | 7.63% | 0.93% | 2.03% | 1.30% | 1.19% | 1.35% | 1.31% | 1.11% | 1.25% | 1.23% | 1.05% | 0.99% | |||||||||||||
66 | % to Net | 5.21% | 28.18% | 3.13% | 7.40% | 4.52% | 4.56% | 5.36% | 4.79% | 4.13% | 4.79% | 4.65% | 4.10% | 3.61% | |||||||||||||
67 | |||||||||||||||||||||||||||
68 | Director Pay | na | 0.9 | 0.6 | 1.7 | 1.9 | 2.2 | 2.6 | 3.6 | 3.7 | 3.3 | 2.7 | 2.3 | 3.6 | |||||||||||||
69 | % to Net | 0.34% | 0.18% | 0.46% | 0.45% | 0.51% | 0.57% | 0.60% | 0.52% | 0.41% | 0.31% | 0.23% | 0.26% | ||||||||||||||
70 | 6 | 6 | 8 | 9 | 9 | 11 | 11 | 12 | 11 | 11 | 9 | 9 | |||||||||||||||
71 | |||||||||||||||||||||||||||
72 | 5-year average voluntary employee turnover | 7.00% | 7.00% | ||||||||||||||||||||||||
73 | |||||||||||||||||||||||||||
74 | |||||||||||||||||||||||||||
75 | |||||||||||||||||||||||||||
76 | Tangible Equity / total asset % (higher the better) 1 | 6.9% | 80.3% | 8.8% | 9.1% | 9.3% | 9.4% | 9.1% | 9.2% | 8.7% | 8.5% | 8.3% | 8.1% | 8.7% | |||||||||||||
77 | Deposit/total asset % (higher the better) 2 | 86.2% | 86.0% | 80.8% | 78.8% | 76.2% | 76.8% | 81.2% | 71.8% | 78.5% | 79.7% | 77.5% | 80.7% | 86.3% | |||||||||||||
78 | Tangible Equity / Debt (avg. 0.22) (higher the better) 3 | 6.98 | 26.88 | 1.08 | 0.97 | 0.76 | 0.80 | 1.23 | 0.99 | 0.76 | 0.80 | 0.67 | 0.85 | 2.86 | |||||||||||||
79 | |||||||||||||||||||||||||||
80 | Nonperforming asset / total loans % 4 | 1.52% | 0.11% | 0.16% | 0.24% | 0.23% | 0.18% | 0.21% | 0.12% | 0.08% | 0.08% | 0.17% | 0.17% | 0.11% | |||||||||||||
81 | Allowance to Nonperforming asset | 0.159 | 0.911 | 1.855 | 1.952 | 1.970 | 3.114 | 2.844 | 4.841 | 7.281 | 7.573 | 3.171 | 3.256 | 4.566 | |||||||||||||
82 | Net charge-off/ NPA 5 | 29.65% | 77.53% | 13.61% | 3.01% | 18.02% | 3.00% | 2.18% | 3.16% | 1.99% | 5.17% | 3.20% | 1.03% | 1.32% | |||||||||||||
83 | |||||||||||||||||||||||||||
84 | Texas ratio; lower is better 6 | 0.20 | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | |||||||||||||
85 | Efficiency ratio; lower is better 7 | 0.39 | 0.50 | 0.49 | 0.50 | 0.52 | 0.56 | 0.59 | 0.60 | 0.63 | 0.63 | 0.64 | 0.62 | 0.63 | |||||||||||||
86 | Federal Reserve_Efficiency ratio 2000-2020_Figure 15 | ||||||||||||||||||||||||||
87 | |||||||||||||||||||||||||||
88 | Non-interest expense to EA ratio 8 | 2.20% | 2.30% | 2.17% | 2.03% | 1.88% | 1.96% | 1.90% | 1.85% | 1.91% | 1.98% | 1.90% | 1.74% | 1.77% | |||||||||||||
89 | |||||||||||||||||||||||||||
90 | Net Interest Incom/Earning Assets | 5.04% | 4.20% | 4.00% | 3.51% | 2.99% | 2.82% | 2.63% | 2.52% | 2.51% | 2.58% | 2.45% | 2.34% | 2.32% | |||||||||||||
91 | Net Income/Earning Assets | 1.83% | 1.26% | 1.32% | 1.11% | 1.03% | 0.91% | 0.80% | 0.84% | 0.81% | 0.82% | 0.78% | 0.72% | 0.78% | |||||||||||||
92 | Interest rate spread % ** | 0.00% | 4.40% | 4.38% | 3.88% | 3.26% | 2.99% | 2.87% | 2.76% | 2.67% | 2.69% | 2.57% | 2.55% | 2.58% | |||||||||||||
93 | |||||||||||||||||||||||||||
94 | Net interest to avg earning assets | 4.47% | 4.42% | 3.91% | 3.29% | 3.02% | 2.89% | 2.80% | 2.72% | 2.74% | 2.63% | 2.58% | 2.60% | ||||||||||||||
95 | |||||||||||||||||||||||||||
96 | Wt avg interest rate -- | 5.20% | 4.91% | 4.29% | 3.65% | 3.37% | 3.18% | 3.05% | 3.10% | 3.32% | 3.41% | 3.05% | 2.77% | ||||||||||||||
97 | earnings from interest bearing assets **** | ||||||||||||||||||||||||||
98 | Wt avg interest rate -- | 0.80% | 0.53% | 0.41% | 0.39% | 0.38% | 0.31% | 0.29% | 0.43% | 0.63% | 0.84% | 0.51% | 0.19% | ||||||||||||||
99 | paid to depositors and debtholders ***** | ||||||||||||||||||||||||||
100 |