First Republic Bank Q3 Profit Rises - Quick Facts

(RTTNews) - First Republic Bank (FRC) reported third-quarter net income available to common shareholders of $122.1 million or $0.86 per share, compared to $101.4 million or $0.74 per share in the previous year quarter.

Non-GAAP earnings per share was $0.81, up from $0.63 in the previous year.

Net interest income for the quarter rose to $335.99 million from $308.21 million last year, while total non-interest income was $104.67 million, up from $53.63 million in the prior year.

Total revenues were $440.7 million and Core revenues were $423.2 million for the latest third quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.74 per share and revenues of $434.91 million for the quarter. Analysts' estimates typically exclude special items.

The Bank declared a cash dividend for the third quarter of per share of common stock, which is payable on November 13, 2014 to shareholders of record as of October 30, 2014.