Mortgage production, servicing and assets at First Republic Bank all increased on a quarter-over-quarter and year-over-year basis.
Fourth-quarter 2016 earnings data indicate that prior to income taxes, there was a $229 million profit at the 32-year-old company.
San Francisco-based First Republic earned more than $202 million in the previous three-month period and $182 million a year earlier.
Source: Mortgage Daily
