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First Republic Bank's (FRC) CEO James Herbert on Q1 2018 Results - Earnings Call Transcript

Apr. 13, 2018 1:39 PM ETFirst Republic Bank (FRCB)
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First Republic Bank (FRC) Q1 2018 Earnings Conference Call April 13, 2018 10:00 AM ET


Shannon Houston - SVP, Chief Marketing and Communications Officer

James Herbert - Founder, Chairman & CEO

Hafize Erkan - President

Michael Roffler - EVP & CFO


Kenneth Zerbe - Morgan Stanley

Steven Alexopoulos - JPMorgan Chase & Co.

Jared Shaw - Wells Fargo Securities

David Rochester - Deutsche Bank AG

Aaron Deer - Sandler O'Neill + Partners

Christopher McGratty - KBW

David Chiaverini - Wedbush Securities Inc.

Geoffrey Elliott - Autonomous Research LLP

Matthew Clark - Piper Jaffray Companies


Greetings, and welcome to First Republic Bank's First Quarter 2018 Earnings Conference Call. [Operator Instructions]. I would now like to turn the call over to Shannon Houston, Senior Vice President and Chief Marketing and Communications officer. Please go ahead.

Shannon Houston

Thank you, and welcome to First Republic Bank's First Quarter 2018 Conference Call. Speaking today will be Jim Herbert, the bank's Chairman and Chief Executive Officer; Gaye Erkan, President; and Mike Roffler, Chief Financial Officer.

Before I hand the call over to Jim, please note that we may make forward-looking statements during today's call that are subject to risks, uncertainties and assumptions. For a more complete discussion of the risks and uncertainties that could cause actual results to differ materially from any forward-looking statements, see the bank's FDIC filings, including the Form 8-K filed today, all available on the bank's website.

And now I'd like to turn the call over to Jim Herbert.

James Herbert

Thank you, Shannon, and thanks, everyone for joining us today. It was an excellent quarter by virtually every measure. We scaled back a bit our prepared remarks today and the number of speakers as well as our results are quite straightforward. We continued to deliver strong, safe organic growth across the board, while also providing

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