First Republic Earnings Report to Shed Light on Depth of Bank Crisis

The lender, expected to report first-quarter results Monday, was rescued in March by big banks

First Republic Bank caters to customers with high account balances, many with deposits over the FDIC’s $250,000 protection limit. Photo: Thalia Juarez for The Wall Street Journal

First Republic Bank is scheduled to report first-quarter earnings Monday. The results will give investors insight into the extent of the damage after sharp deposit outflows at the troubled bank.

First Republic has been at the center of a crisis of confidence in midsize and smaller U.S. banks spurred by the collapse of several banks in March. Concerns have mounted about other lenders that could face a liquidity crunch similar to the ones that ultimately took down Silicon Valley Bank and Signature Bank. First Republic, one of the larger lenders to be swept up in the contagion worries, had to be rescued by JPMorgan Chase & Co. and other big banks last month.

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