SAN FRANCISCO (AP) _ First Republic Bank (FRC) on Tuesday reported fourth-quarter profit of $246.3 million.

The bank, based in San Francisco, said it had earnings of $1.39 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The San Francisco bank posted revenue of $1.09 billion in the period. Its revenue net of interest expense was $877.5 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $849.8 million.

For the year, the company reported profit of $930.3 million, or $5.20 per share. Revenue was reported as $3.34 billion.

First Republic Bank shares have declined roughly 2% since the beginning of the year. The stock has increased 37% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRC at https://www.zacks.com/ap/FRC

Automated Insights, source Associated Press News