First Republic Bank is a commercial bank and trust company. Co. provides private banking, private business banking and private wealth management. Co. conducts its business through two segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment include 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 Co.'s subsidiary, First Republic Investment Management, Inc., which manages investments for individuals and institutions. We show 1 historical shares outstanding datapoints in our FRC shares outstanding history coverage, used to compute FRC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing First Republic Bank market cap history over the course of time is important for investors
interested in comparing First Republic Bank's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of First Republic Bank versus a peer is one thing; comparing
First Republic Bank market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like First Republic Bank can fluctuate over the course of history.
With this page we aim to empower investors researching First Republic Bank by allowing them to research the First Republic Bank market cap history. |
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Video: The Importance of Market Cap
