KBRA Financial Intelligence

First Republic’s Profitability Metrics Lagged Peers Before Market Selloff

Before announcing a $30 billion capital infusion last week, First Republic Bank lagged peers in profitability metrics. The San Francisco-based lender trailed virtually all peers in return on average assets as well as return on average equity in the last quarter of 2022, according to data compiled by KBRA Financial Intelligence. The lender announced last week, along with federal regulators, that it received uninsured deposits from eleven banks after its stock price cratered following the recent collapse of three regional lenders.

KFI subscribers can easily identify peers by leveraging Screener to sort through almost 5,000 U.S. banks using a variety of qualitative and quantitative metrics from region to asset size. KFI Pro users can recreate the above graph by using the Peer Comparison template from our Template Library.