{
  "docId": "019de073-2491-75ec-9a09-0fa2162311b5",
  "docSlug": "f9266a56033b8b6294dc4377c0a6523a",
  "documentTitle": "First Republic Bank | Results Presentation Deck | 54 slides",
  "authorId": "first-republic-bank",
  "authorName": "First Republic Bank",
  "documentKindSlug": "regulatory-filing",
  "documentKindLabel": "Regulatory filing",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-07-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 34,
  "pageCount": 54,
  "prevPage": 33,
  "nextPage": 35,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 18,
  "notes": "The slide uses the efficiency ratio to justify operational spending as a strategic investment rather than a cost.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de073-2491-75ec-9a09-0fa2162311b5/34",
  "deckHref": "/decks/019de073-2491-75ec-9a09-0fa2162311b5",
  "deckJsonHref": "/decks/019de073-2491-75ec-9a09-0fa2162311b5.json",
  "deckAnchorHref": "/decks/019de073-2491-75ec-9a09-0fa2162311b5#slide-34",
  "components": [
    {
      "bbox": {
        "h": 0.33,
        "w": 0.804,
        "x": 0.098,
        "y": 0.46
      },
      "kind": "chart",
      "text": "Efficiency Ratio (1)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ae6be4bb-a989-43e8-b309-2af086de78fa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.175,
        "w": 0.78,
        "x": 0.098,
        "y": 0.215
      },
      "kind": "list",
      "text": "Our differentiated, high-touch service model\nTechnology and operations to scale our differentiated service level and provide a strong foundation for the future\nA growing overall franchise and wealth management business\nAcquiring the next generation of clients to power long-term growth",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "21c2fee3-a9dd-47fe-bcd9-71b71292a65c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.025,
        "w": 0.535,
        "x": 0.098,
        "y": 0.171
      },
      "kind": "paragraph",
      "text": "Efficiency ratio encompasses significant investments in:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8eaf1af5-272a-4539-b3ac-8311f53ca7c7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.804,
        "x": 0.098,
        "y": 0.85
      },
      "kind": "source-note",
      "text": "(1) The provision for unfunded loan commitments is included in the provision for credit losses beginning in 2020. For prior periods, the provision for unfunded loan commitments is included in other noninterest expense.\nNote: Efficiency ratio is calculated by dividing noninterest expense by the sum of net interest income and noninterest income.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1cc94449-4edd-4c56-9dab-3542e7371c7e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.045,
        "w": 0.357,
        "x": 0.098,
        "y": 0.105
      },
      "kind": "title",
      "text": "Stable Efficiency Ratio",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "665d58e9-9bdf-4374-8372-2e5e113bfe0c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "444ee8ea-662d-46b0-a90c-9bf4a42646d3",
      "evidence": "list/bullet: Our differentiated, high-touch service model",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 38,
      "from": 31,
      "beatId": "2ae80073-3153-463d-a692-a3a8f48d706c",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Resolution",
      "beatSlug": "resolution",
      "evidence": "Conclusion on First Republic's growth and stability",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}