First Republic Bank share price

2023 - 3 - 14

First Republic drops 60%, leads decline in bank stocks despite ... (CNBC)

First Republic Bank led a decline in bank shares Monday that came even after regulators' extraordinary actions Sunday evening.

The slide for regional bank stocks on Monday comes after a rush of withdrawals from SVB Financial forced that bank to close. In a fragile environment like we are in, we believe banks should be cautious about the potential negative signaling effect of raising deposit rates to keep deposits," Citi analyst Keith Horowitz said in a note to clients. First Republic reported roughly $213 billion in assets as of Dec. The central bank also eased conditions at its discount window. Other financial firms were also under pressure, as [Bank of America](/quotes/BAC/) slipped 3%, while [Charles Schwab](/quotes/SCHW/) tumbled 14%. [PacWest Bancorp](https://www.cnbc.com/quotes/) dropped 42%, and [Western Alliance Bancorp](/quotes/WAL/) lost more than 70% as regional bank stocks fell sharply.

SVB crisis: First Republic Bank bleeds red on stock market as ... (Livemint)

Even European bank stocks slumped despite analysts including at Deutsche Bank AG and Citigroup Inc said the SVB crisis had little bearing on the outlook for ...

After SVB, First Republic Bank stock price tanks over 70% (Financial Express)

Positive impact of US regulators' overnight support actions in the banking system faded quickly.

Jim Herbert, Founder and Executive Chairman and Mike Roffler, CEO and President of First Republic Bank said, “First Republic’s capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks. First Republic Bank (FRC) share price closed 14% lower on Friday last week and is trading around $22, down by over 73% in the opening hours of trading session on Monday. Stock price of First Republic Bank tumbles nearly 73% as pressure mounts on US regional banks.

First Republic Bank stock price nosedives after Silicon Valley Bank ... (CBS News)

The stocks of other regional banks, including Zions, Pacific West and Western Alliance, also took a beating.

Kathy Hochul said Monday in a [tweet](https://twitter.com/GovKathyHochul/status/1635277077133008896). [2008](https://apnews.com/article/08aeb5a6c9d542ccb6d6154d4fa1e3a6) at the height of the financial crisis. In a statement on Sunday, CEO Mike Roffler said the bank "continues to fund loans, process transactions and fully serve the needs of clients." The bank's closure marked the largest failure of a financial institution since Washington Mutual in [regulators in New York shuttered Signature Bank](https://www.cbsnews.com/news/signature-bank-new-york-closed-silicon-valley-bank/). "No bank is immune, but this pressure will likely be most pronounced among banks with a larger mix of rate sensitive customers."

First Republic, KeyCorp, GitLab, AMC, Meta, and More Stock Market ... (Barron's)

First Republic trades sharply higher after closing down nearly 62% on Monday, GitLab offers disappointing revenue forecast, and Meta announces 10000 more ...

continued to decline in February but investors remain tuned into the [banking crisis](https://www.barrons.com/articles/bank-of-america-stock-price-bond-losses-5a203a66?mod=hp_LEAD_2_B_2&mod=article_inline). [Stocks rose Tuesday](https://www.barrons.com/livecoverage/stock-market-today-031423/card/stock-futures-ri[…]s-turn-from-bank-panic-t?mod=article_inline) after [consumer-level inflation](https://www.barrons.com/articles/february-cpi-inflation-data-report-today-ea428646?mod=hp_LEAD_1&mod=article_inline) in the U.S.

First Republic bounces back as SVB panic lessens (TechCrunch)

Shares of First Republic Bank, a financial institution in the United States that does business with startups, are rebounding today after a punishing start ...

SF's First Republic Bank overcomes banking shock wave (The Real Deal)

Shares of San Francisco-based bank known for loans to the real estate industry and the likes of Facebook's Mark Zuckerberg to buy his Palo Alto home settle ...

First Republic has built the nation’s 15th-largest bank, as of last fall, by providing a high level of service to Zuckerberg and other high-end clients. The rate hikes have created losses in some banks’ bond portfolios, triggering concerns among depositors about the safety of their money in their banks. Silicon Valley Bank’s dramatic downfall suggested their problems were tied to tech startups. First Republic saw its shares fall almost 62 percent in regular trading Monday, closing at $31.21, down $50.55 after trading as low as $17.53 earlier in the day. Its share price also jumped Tuesday, to $39, a morning increase of 50 percent. Western Alliance Bancorp., parent of San Jose-based Bridge Bank, saw its shares plummet 47 percent to $26.12, down $23.22, also in extremely heavy trading.