NEW YORK (TheStreet) -- Shares of First Republic Bank(FRC) - Get Report closed up by 3.53% to $69.88 on heavy trading volume Thursday, after posting its 2016 first quarter results.

Before today's opening bell, the San Francisco-based commercial bank and trust company posted earnings of 88 cents per diluted share, topping analysts' estimates of 80 cents per share.

Revenue climbed by 22.8% to $519.6 million year-over-year, but fell short of analysts' expectations of $542.13 million.

"We're quite pleased with first quarter results," Chairman and CEO Jim Herbert said in a statement, "Earnings, loans, deposits and wealth management assets all grew nicely. Credit quality and capital levels remain very strong."

Additionally, First Republic said its loan originations totaled $4.8 billion for the period, its highest first quarter ever.

About 2.26 million of the company's shares were traded today compared to its average volume of 836,139 shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A+ on the stock.

This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks rated by the team.

The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, increase in net income and solid stock price performance.

The team believes its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FRC

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