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First Republic Bank was a commercial bank and provider of wealth management services headquartered in San Francisco, California, United States.It catered to high-net-worth individuals and operated 93 offices in 11 states, primarily in New York, California, Massachusetts, and Florida. [2]
An earnings call is a teleconference, or webcast, in which a public company discusses the financial results of a reporting period ("earnings guidance"). The name comes from earnings per share (EPS), the bottom line number in the income statement divided by the number of shares outstanding.
The company reaffirmed its 2023 net sales guidance of approximately $19.4 billion and revised its earnings outlook for the year from $16.00-$18.00 to $13.00-$15.00 per share.
Section 355 of the Internal Revenue Code (IRC § 355) allows a corporation to make a tax-free distribution to its shareholders of stock and securities in one or more controlled subsidiaries. If a set of statutory and judicial requirements are met, neither the distributing corporation nor its shareholders recognize gain or loss on the distribution.
First Republic Bank Corporation was an American bank based in Texas.Founded as the Guaranty Bank and Trust Company in 1920, [1] in 1922 it assumed the name Republic National Bank of Dallas. [1]
Month-to-date (MTD) is a period starting at the beginning of the current calendar month and ending on either the current date or the last business day before the current date. Month-to-date is used in many contexts, mainly for recording results of an activity in the time between a date (exclusive, since this day may not yet be "complete") and ...
An Earnings response coefficient measures the extent of security’s abnormal market return in response to the unexpected component of reported earnings of the firm issuing that security. [1] and [2] The relationship between stock returns to profit to determine the extent of the response that occurs to as the Earnings Response Coefficient (ERC).
Securities and Exchange Commission (SEC) logo. The SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC).