First Republic Bank Declares Dividends on Two Series of Perpetual Preferred Stock for First Quarter 2023
03 Mars 2023 - 3:00PM
Business Wire
First Republic Bank (NYSE:FRC), a leading private bank and
wealth management company, today announced that it has declared
cash dividends on the following outstanding series of its perpetual
preferred stock.
A quarterly cash dividend of $12.8125 per share was declared on
its Noncumulative Perpetual Series H Preferred Stock. This dividend
equals $0.3203125 per depositary share, each representing 1/40th
interest in a share of Series H Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrH.” The Series H Preferred Stock
dividend is payable on March 30, 2023, to shareholders of record as
of March 15, 2023.
A quarterly cash dividend of $13.75 per share was declared on
its Noncumulative Perpetual Series I Preferred Stock. This dividend
equals $0.34375 per depositary share, each representing 1/40th
interest in a share of Series I Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrI.” The Series I Preferred Stock
dividend is payable on March 30, 2023, to shareholders of record as
of March 15, 2023.
About First Republic Bank
Founded in 1985, First Republic and its subsidiaries offer
private banking, private business banking and private wealth
management. First Republic specializes in delivering exceptional,
relationship-based service and provides a complete line of
products, including residential, commercial and personal loans,
deposit services, and private wealth management, including
investment, brokerage, insurance, trust and foreign exchange
services. Services are offered through preferred banking or wealth
management offices primarily in San Francisco, Palo Alto, Los
Angeles, Santa Barbara, Newport Beach and San Diego, California;
Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida;
Greenwich, Connecticut; New York, New York; Jackson, Wyoming; and
Bellevue, Washington. First Republic is a constituent of the
S&P 500 Index and KBW Nasdaq Bank Index. For more information,
visit firstrepublic.com.
FRC-F
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version on businesswire.com: https://www.businesswire.com/news/home/20230303005040/en/
Investors: Andrew Greenebaum / Kimberly Esterkin Addo Investor
Relations agreenebaum@addo.com kesterkin@addo.com (310)
829-5400
Media: Greg Berardi Blue Marlin Partners
gberardi@firstrepublic.com (415) 239-7826
First Republic Bank (NYSE:FRC)
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