$233B
total assets, March 31, 2023
First Republic Bank was a state nonmember bank in San Francisco, CA. It failed on May 1, 2023, and Jpmorgan Chase Bank, N.a. took over its deposits. At its last report it held $212.6 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2023
This bank failed
- Failed on
- May 1, 2023
- Assets
- $213B
- Deposits
- $176B
- Estimated cost
- $15.5B
- Deposits went to
- Jpmorgan Chase Bank, N.a., Columbus, OH
Total assets
$233B
+24.5% in a year · +9.5% in a quarter
Deposits
$104B
-35.5% in a year · -40.8% in a quarter
Loans
$173B
+22.6% in a year · +3.9% in a quarter
Profit so far
$269M
Jan 1 to Mar 31, 2023 · -32.9% in a year
Capital ratio
8.25%
-0.46 pts in a year
Return on assets
0.48%
-0.39 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 111 Pine St, San Francisco, CA, 94111
- County
- San Francisco
- Established
- Jul 1, 2010
- Failed
- May 1, 2023
- Employees
- 7,040
- Branches
- 87 in 9 states
- Id
- b59017
Quarter by quarter
September 30, 2010 to March 31, 2023
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Republic Bank?
$232.9 billion in total assets and $104.5 billion in deposits as of March 31, 2023, with assets up 24.5% from a year before. Its loans were $173.3 billion.
How many branches does First Republic Bank have?
87 branches in 9 states as of June 30, 2026.
Is First Republic Bank profitable?
Yes: it earned $269.1 million from January 1 to March 31, 2023 (down 32.9% from the same months a year before). Its return on assets was 0.48% a year; about 1% is typical.
When did First Republic Bank fail?
May 1, 2023. Jpmorgan Chase Bank, N.a. of Columbus, OH took over its deposits. The estimated cost of the failure was $15.5 billion.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.