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Financial Highlights
We are delighted to be an independent bank once again. These past few years have been a time of steady franchise expansion and growth for First Republic. Our financial strength has never been greater.
In the midst of economic uncertainty, we are pleased to report steady loan and deposit growth. In spite of a challenging time for global markets, our wealth management assets have stabilized and are showing good momentum. First Republic's unique service model continues to succeed.
Five years of growth
$ in Billions
| December 31, | 2004 | 2005 | 2006 | 2007¹ | 2008¹ | 2009¹ | 5yr CAGR² |
|---|---|---|---|---|---|---|---|
Total Loans |
$ 6.1 | 7.0 | 8.3 | 11.4 | 17.8 | 19.5 | 26% |
Total Deposits |
$ 5.6 | 7.0 | 8.9 | 11.1 | 12.3 | 17.2 | 25% |
Total Bank and Managed Assets³ |
$ 19.5 | 23.9 | 30.8 | 36.6 | 40.1 | 38.6 | 15% |
Preferred Banking Offices |
31 | 32 | 43 | 48 | 55 | 57 | 13% |
As an independent bank, First Republic has:
- Tangible equity capital of over 8%
- Total delinquencies under 20 basis points
- Substantial liquidity
- Very profitable operations
¹Dollar amounts represent unaudited divisional financial information. The formation of the new bank in 2010 resulted in a reduction of loans and other assets by approximately $2.5 billion.
²5YR CAGR = Five-Year Compound Annual Growth Rate
³Includes Bank assets, wealth management assets, and loans serviced for others
