Like it’s peers, First Republic Bank had a quarter-over-quarter drop in mortgage production. But its year-over-year gain outpaced all of its competitors.
Income before the provision for income taxes worked out to $214 million during the period that started on Jan. 1, 2017, and finished on March 31.
The results, in addition to other financial and operational metrics, were presented in the San Francisco-based company’s first-quarter 2017 earnings report.
Source: Mortgage Daily