NEW YORK, May 1, 2023 /PRNewswire/ -- S&P MidCap 400 constituent Axon Enterprise Inc. (NASD: AXON) will replace First Republic Bank (NYSE:FRC) in the S&P 500, and STAG Industrial Inc. (NYSE:STAG) will replace Axon Enterprise in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 4. The Federal Deposit Insurance Corp. (FDIC) announced that it has taken First Republic Bank into FDIC Receivership and therefore First Republic Bank is no longer eligible for inclusion. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ticker GICS Sector May 4, 2023 S&P 500 Add

First Republic Bank (NYSE:FRC) today announced financial results for the quarter ended March 31, 2023. Jim Herbert, Founder and Executive Chairman, and Mike Roffler, CEO and President of First Republic said, "With the stabilization of our deposit base and the strength of our credit quality and capital position, we continue to take steps to strengthen our business. We remain fully committed to serving our communities, and we are grateful for the ongoing support of our clients and colleagues." Financial Results Year-over-year: Revenues were $1.2 billion, down 13.4%. Net interest income was $923 million, down 19.4%. (1) Net income was $269 million, down 32.9%. Diluted earning

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it plans to release first quarter 2023 financial results after the market closes on April 24, 2023. First Republic Bank will conduct a conference call to share the results at 1:30 p.m. PT / 4:30 p.m. ET the same day. To access the conference call by telephone, please dial (877) 400-0505 and provide confirmation code 3782547 approximately 15 minutes prior to the start time (to allow time for registration). International callers should dial +1 (856) 344-9221 and provide the same confirmation code. To access the conference call online, please visit the Investor Relations section of First R

Evercore ISI downgraded First Republic Bank from Outperform to In-line and set a new price target of $2.00 from $6.00 previously

Maxim Group downgraded First Republic Bank from Buy to Hold

Citigroup resumed coverage of First Republic Bank with a rating of Sell and set a new price target of $11.00

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Rick Osterloh, Senior Vice President of Devices & Services at Google and a technology innovator, has been appointed to the First Republic Board of Directors effective immediately. Osterloh has led Google's global Devices & Services product area since 2016. During his 22-year career, he also worked with Motorola, Skype, Kleiner Perkins Caufield & Byers, Amazon.com, and Deloitte Consulting. Osterloh earned an MBA from Stanford Graduate School of Business and a Master of Science degree and Bachelor's degree in Industrial Engineering from Stanford University. He has served on the Board of

Founder Jim Herbert Transitions to Executive Chairman First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, announced that its Board of Directors has named Mike Roffler CEO of the Company effective March 13, 2022. Roffler will also continue to serve as President and Board Member. George G.C. Parker, Acting Chairman and Board Member, said: "We are exceedingly pleased to appoint Mike as First Republic's CEO. Mike fully embodies our culture, has a deep knowledge of our business model, and is highly regarded by our stakeholders. As a collaborative and forward-looking leader, he is well-positioned to drive thoughtful evolution while maintaining the Bank's consis

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it plans to release first quarter 2023 financial results after the market closes on April 24, 2023. First Republic Bank will conduct a conference call to share the results at 1:30 p.m. PT / 4:30 p.m. ET the same day. To access the conference call by telephone, please dial (877) 400-0505 and provide confirmation code 3782547 approximately 15 minutes prior to the start time (to allow time for registration). International callers should dial +1 (856) 344-9221 and provide the same confirmation code. To access the conference call online, please visit the Investor Relations section of First R

$30 Billion in Uninsured Deposits Committed from America's Largest Banks First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will receive uninsured deposits totaling $30 billion on March 16, 2023 from Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, PNC Bank, State Street, Truist, and U.S. Bank. This support from America's largest banks reflects confidence in First Republic and its ability to continue to provide unwavering exceptional service to its clients and communities. Jim Herbert, Founder and Executive Chairman, and Mike Roffler, CEO and President of First Republic B

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared cash dividends on the following outstanding series of its perpetual preferred stock. A quarterly cash dividend of $12.8125 per share was declared on its Noncumulative Perpetual Series H Preferred Stock. This dividend equals $0.3203125 per depositary share, each representing 1/40th interest in a share of Series H Preferred Stock, which is traded on the NYSE under the symbol "FRCPrH." The Series H Preferred Stock dividend is payable on March 30, 2023, to shareholders of record as of March 15, 2023. A quarterly cash dividend of $13.75 per share was declared on its Noncum

SC 13G/A - FIRST REPUBLIC BANK (0001132979) (Subject)

SC 13G - FIRST REPUBLIC BANK (0001132979) (Subject)

SC 13G/A - FIRST REPUBLIC BANK (0001132979) (Subject)