$第一共和银行(FRC)$ Credit quality still remains good, though it has started softening from the historically low level of recent quarters. The magnitude of provisions in the Q1 earnings releases will be the big swing factor for year-over-year comparisons for the group. Estimates for bank earnings have started coming down lately, with the negative revisions trend most pronounced for the regional players. For example, take a look at First Republic, which is currently expected to bring in $1.13 per share on $1.28 billion in revenues in its March quarter release on April 12th. This represents a -43.5% decline in EPS from the year-earlier level on -8.4% lower revenues. In terms of estimate revisions, First Republic’s current $1.13 per share estimate is down
$第一共和银行(FRC)$ A message to our clients MARCH 21, 2023 To Our Valued Clients, The events of the past two weeks have been unprecedented, and we want to take a moment to provide an update. Our commitment to client service is unchanged, and we remain well-positioned to continue to manage deposit activity. Today, as every day, we are processing transactions, opening accounts, funding loans, answering questions, and serving clients’ overall banking and wealth management needs. We are grateful for your ongoing advocacy for the value of our relationship-based, exceptional service. We keep hearing from you, and the overwhelming theme is this: “We love our bank.” We want to extend our sincerest thanks for your continued and unwavering support. If you have