Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

First Republic Bank T.FRC


Primary Symbol: FRCB Alternate Symbol(s):  FRCHL | FRCIL | FRCJL | FRCKL | FRCCL | FRCLL

First Republic Bank (the Bank) is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are gathering deposits, originating and servicing loans and investing in investment securities. The principal business activities of the Wealth Management segment include the investment management activities of First Republic Investment Management, Inc. (FRIM), which manages investments for individuals and institutions; money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC (FRSC) and its foreign exchange activities conducted on behalf of clients.


GREY:FRCB - Post by User

Comment by wallabe_shorton May 07, 2013 7:34pm
87 Views
Post# 21349345

RE: RE: Selling off approaching Q1 earnings

RE: RE: Selling off approaching Q1 earnings

Tsk Tsk Q1 Revenues down by a third.                      >>>>          Lower producer activity combined with equipment capacity across the industry in 2012 resulted in pricing that was about 25% to 30% lower in Q1 2013 compared to Q1 2012 levels.   As  a result, Q1 2013 consolidated revenues decreased by 36% to $86,949 from $135,935 in Q1 2012 .   Jobs completed decreased by 50% to 470 in Q1 2013 from 934 in Q1 2012 due to the lower producer activity and a high proportion of cement jobs in Q1 2012. However, the lower job count and pricing pressure was partly  mitigated by higher average revenues per job. Over 90% of Q1 2013 consolidated revenues were provided by hydraulic fracturing services with average fracturing revenue per job increasing by 8% to $246,932 from $228,564 in Q1 2012. The increase in average fracturing revenue per job is due to the completion of larger jobs such as Duvernay shale gas wells                                                                                                                                                                

<< Previous
Bullboard Posts
Next >>