SAN FRANCISCO _ First Republic Bank (FRC) on Friday reported third-quarter net income of $213.5 million.
The bank, based in San Francisco, said it had earnings of $1.19 per share.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The San Francisco bank posted revenue of $914.4 million in the period. Its revenue net of interest expense was $768.8 million, topping Street forecasts. Four analysts surveyed by Zacks expected $765.8 million.
First Republic Bank shares have risen roughly 5 percent since the beginning of the year. The stock has fallen 12 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRC at https://www.zacks.com/ap/FRC