First Republic Bank (FRCB)

[powerbattles]

As of March 15, 2023, the bank's cash position stood at approximately $34 billion, excluding the $30 billion in uninsured deposits from these banks, which include Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, PNC Bank, State Street, Truist, and U.S. Bank. This substantial infusion of cash puts First Republic Bank in a strong position to weather any challenges that may arise in the future.
From the fundamentals revenues were $5.9 billion, up 16.5%. Net interest income was $4.8 billion, up 17.5%. Net income was $1.7 billion, up 12.7%. The 30 billion loan from other banks provides breathing room and removes the necessity to sell assets at a discount to cover deposit withdrawals. The bank's financials are healthy. They have cash on hand of 6 billion, also 30 billion of treasuries could be used as collateral. it had more than $200 billion in assets, FRC is not in my opinion going to seek bankruptcy.