SAN FRANCISCO (AP) — First Republic Bank (FRC) on Friday reported first-quarter earnings of $226.6 million.

The San Francisco-based bank said it had earnings of $1.26 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The San Francisco bank posted revenue of $979.3 million in the period. Its revenue net of interest expense was $807.4 million, missing Street forecasts. Five analysts surveyed by Zacks expected $814 million.

First Republic Bank shares have increased 18 percent since the beginning of the year. The stock has increased 15 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRC at https://www.zacks.com/ap/FRC

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