First Republic Bank announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest income of $662,801,000, net interest income of $568,861,000, net interest income after provision for loan losses of $551,819,000, income before provision for income taxes of $236,573,000, net income of $194,277,000, net income available to common shareholders of $180,005,000, diluted earnings per common share of $1.10 compared to total interest income of $537,594,000, net interest income was $490,625,000, net interest income after provision for loan losses of $480,125,000, income before provision for income taxes of $228,785,000, net income of $179,118,000, net income available to common shareholders of $161,742,000, diluted earnings per common share of $1.03 for the previous year.

For the year, the company reported total interest income of $2,451,618,000, net interest income of $2,151,463,000, net interest income after provision for loan losses of $2,091,282,000, income before provision for income taxes of $912,202,000, net income of $757,660,000, net income available to common shareholders of $699,620,000, diluted earnings per common share of $4.31 compared to total interest income of $1,980,873,000, net interest income of $1,817,162,000, net interest income after provision for loan losses of $1,769,970,000, income before provision for income taxes of $827,596,000, net income of $673,428,000, net income available to common shareholders of $604,839,000, diluted earnings per common share of $3.93 for the previous year. Book value per common share was $42.23 against $37.39 a year ago. Tangible book value per common share was $40.43 against $35.35 a year ago.

For 2018, the Bank expects its effective tax rate to be approximately 19%.