First Republic Bank's CEO Discusses Q2 2012 Results - Earnings Call Transcripts

First Republic Bank (FRC)

Q2 2012 Earnings Call

July 18, 2012 02:00 pm ET

Executives

James H. Herbert, II – Chairman, Chief Executive Officer

Katherine August-deWilde – President and Chief Operating Officer

Willis H. Newton, Jr. – Executive Vice President and Chief Financial Officer

Michael D. Selfridge – Senior Executive Vice President

Dianne Snedaker – Executive Vice President and Chief Marketing Officer

Analysts

Dave Rochester – Deutsche Bank

Ken Zerbe – Morgan Stanley

Erika Penala – Bank of America Merrill Lynch

Joe Morford – RBC Capital Markets

Aaron Deer – Sandler O'Neill & Partners

Casey Haire – Jefferies & Company

Brian Zabora – Stifel Nicolaus

Tim Coffey – FIG Partners

Steven Alexopoulos – JPMorgan

Herman Chan – Wells Fargo Securities

Julianna Balicka - KBW

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the First Republic Bank’s Second Quarter 2012 Earnings Conference Call. Following the presentation the conference will be open for questions. (Operator instructions) I would now like to turn the call over to Dianne Snedaker, Executive Vice President and Chief Marketing Officer. Please go ahead.

Dianne Snedaker

Thank you, and welcome to First Republic Bank's Second Quarter 2012 Conference Call. Speaking today will be the Bank's Chairman and Chief Executive Officer, Jim Herbert; President and Chief Operating Officer, Katherine August-deWilde; Senior Executive Vice President Mike Selfridge; and Chief Financial Officer, Willis Newton.

Before I hand the call over to Jim, please note that any forward-looking statements made during this call are made as of today, are based on management's current expectations, and are subject to risks, uncertainties, and assumptions. Potential risks and uncertainties that can cause the bank's business and financial results to differ materially from these forward-looking statements are described in the bank's periodic reports filed with the FDIC including the bank's current report on Form 8-K filed today.

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