First Republic Bank Declares Dividends on Five Series of Perpetual Preferred Stock
April 04 2022 - 9:00AM
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 $11.750 per share was declared on
its Noncumulative Perpetual Series J Preferred Stock. This dividend
equals $0.293750 per depositary share, each representing 1/40th
interest in a share of Series J Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrJ.” The Series J Preferred Stock
dividend is payable on April 29, 2022, to shareholders of record as
of April 14, 2022.
A quarterly cash dividend of $10.31250 per share was declared on
its Noncumulative Perpetual Series K Preferred Stock. This dividend
equals $0.25781250 per depositary share, each representing 1/40th
interest in a share of Series K Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrK.” The Series K Preferred Stock
dividend is payable on April 29, 2022, to shareholders of record as
of April 14, 2022.
A quarterly cash dividend of $10.6250 per share was declared on
its Noncumulative Perpetual Series L Preferred Stock. This dividend
equals $0.2656250 per depositary share, each representing 1/40th
interest in a share of Series L Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrL.” The Series L Preferred Stock
dividend is payable on April 29, 2022, to shareholders of record as
of April 14, 2022.
A quarterly cash dividend of $10.00 per share was declared on
its Noncumulative Perpetual Series M Preferred Stock. This dividend
equals $0.250 per depositary share, each representing 1/40th
interest in a share of Series M Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrM.” The Series M Preferred Stock
dividend payable on April 29, 2022, to shareholders of record as of
April 14, 2022.
A quarterly cash dividend of $11.250 per share was declared on
its Noncumulative Perpetual Series N Preferred Stock. This dividend
equals $0.281250 per depositary share, each representing 1/40th
interest in a share of Series N Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrN.” The Series N Preferred Stock
dividend is payable on April 29, 2022, to shareholders of record as
of April 14, 2022.
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; and Jackson, Wyoming.
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/20220404005177/en/
Investors: Andrew Greenebaum / Lasse Glassen Addo
Investor Relations agreenebaum@addo.com, lglassen@addo.com (310)
829-5400
Media: Greg Berardi Blue Marlin Partners
gberardi@firstrepublic.com (415) 239-7826
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