EFTA Document EFTA01466222

Deutsche Bank Markets Research Rating Buy North America United States Financial Banks Company First Republic Bank Alert Reuters Bloomberg FRC.N FRC UN Exchange NYS Ticker FRC Core NIM Upside in FY14, Growth Normalizing But Still Strong Reiterate Buy: TP +$4 to $52, Core EPS to $2.56/$2.70/$3.15 for FY13/14/15 We continue to view the stock as one of our top growth picks in the mid cap bank space. We raised our core EPS estimates by $0.03/$0.10 in FY14/FY15 to account for st