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  "documentTitle": "First Republic Bank | Results Presentation Deck | 53 slides",
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  "authorName": "First Republic Bank",
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  "notes": "The chart shows a relatively stable efficiency ratio over time, with specific data points labeled for each quarter.",
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      "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",
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      "text": "Efficiency ratio encompasses significant investments in:",
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      "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.",
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