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Submission: On August 25 via api from US — Scanned from DE
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First Republic Logo Linking to Homepage Read First Republic Bank's 2021 Annual Report to learn more about the power of client service. * Menu * Letter to Clients and Shareholders * Our Clients * Financial Summary * Proudly Supporting Our Communities * About Us * The First Republic Difference * Products and Services * Leadership and Values * Our Locations * Contact Us Download PDF * Home * Letter to Clients and Shareholders * Our Clients * Financial Summary * Proudly Supporting Our Communities * About Us Child Navigation Toggle * The First Republic Difference * Products and Services * Leadership and Values * Our Locations * Contact Us Download annual report Your browser doesn't support HTML5 video. Here is a link to the video instead. WELCOME TO THE 2021 ANNUAL REPORT IT’S A PRIVILEGE TO SERVE YOU. DEAR CLIENTS AND SHAREHOLDERS > 2021 was another terrific year for First Republic, and our success reflects a > simple premise: Exceptional client service wins. This has proven true in the > past year and in the 36 years since we were founded. First Republic produced significant long-term value for shareholders in 2021 by once again taking great care of our clients, colleagues and communities. The result was record growth in loans, deposits, wealth management assets and earnings. Our 2021 performance highlights the resilience and long-term sustainability of First Republic’s client-centric model and the strength of its unique culture. Continue reading: Letter to Clients and Shareholders OUR CLIENTS Alexis Jeffries has a career as varied as they come. Originally a personal finance journalist, she’s now a tech product marketer, an angel investor, an interior designer and, fittingly, an adjunct professor of entrepreneurship. Continue reading: Our Clients FINANCIAL SUMMARY FINANCIAL HIGHLIGHTS 2016–2021 Dollars in billions DECEMBER 31 2016 2017 2018 2019 2020 2021 Total Bank Assets $ 73.3 $ 87.8 $ 99.2 $ 116.3 $ 142.5 $ 181.1 Total Loans $ 52.0 $ 62.8 $ 75.9 $ 90.8 $ 112.6 $ 135.0 Total Deposits $ 58.6 $ 68.9 $ 79.1 $ 90.1 $ 114.9 $ 156.3 Total Tier 1 Capital $ 6.6 $ 7.5 $ 8.3 $ 9.5 $ 11.4 $ 15.7 Wealth Management Assets $ 83.6 $ 107.0 $ 126.2 $ 151.0 $ 194.5 $ 279.4 Net Income (in millions) $ 673 $ 758 $ 854 $ 930 $ 1,064 $ 1,478 Preferred Banking Offices 69 70 75 78 80 82 Go to Financial Summary PROUDLY SUPPORTING OUR COMMUNITIES At First Republic, we continue to leverage our standing as a leading financial institution to strongly support underserved and underrepresented communities in our markets. Continue reading: Proudly Supporting Our Communities DOWNLOAD THE 2021 ANNUAL REPORT 2021 Annual Report PDF, 5.9 MB Download Annual Report PDF MORE ABOUT US * The First Republic Difference * Products and Services * Leadership and Values * Our Locations * Contact Us NEXT Letter to Clients and Shareholders © 2022 First Republic Bank. Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender Investment Advisory services are provided by First Republic Investment Management, Inc. Trust and Fiduciary services are offered through First Republic Trust Company, a division of First Republic Bank; and First Republic Trust Company of Delaware LLC and First Republic Trust Company of Wyoming LLC, both wholly owned subsidiaries of First Republic Bank. Brokerage services are offered through First Republic Securities Company, LLC, Member FINRA/SIPC. Insurance services are provided through First Republic Securities Company, DBA Grand Eagle Insurance Services, LLC, CA Insurance License # 0I13184, and First Republic Investment Management, DBA Eagle Private Insurance Services, CA Insurance License # 0K93728. Investment, Insurance and Advisory Products and Services, and Foreign Exchange Transactions, are Not FDIC Insured or Insured by Any Federal Government Agency, Not a Deposit, Not Bank Guaranteed and May Lose Value.