The company's shares finished at $103.62, up 6.6%.
FRC's third-quarter net income climbed 10% from the year-earlier period to $234.8 million, or $1.31 a share. Revenue gained 8.9% to $837.2 million.
Net interest income -- the difference between what the bank takes in on loans and pays out on deposits -- rose 9.5% to $695 million.
Loan originations registered $11.1 billion, the bank's highest quarterly total ever. Assets not earning interest were unchanged at 0.12% of total assets.
This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.