Golden Eagle symbol part of the First Republic Logo

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.

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.

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

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.