FRC Earning Review From Zacks

First Republic Bank , which belongs to the Zacks Banks - West industry, posted revenues of $1.21 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 6.76%. This compares to year-ago revenues of $1.4 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

First Republic Bank shares have lost about 88.3% since the beginning of the year versus the S&P 500's gain of 7.7%.