First Republic Bank's Stock Performance and Outlook Analyzed by Experts.

Investment management company Wedgewood Partners highlighted First Republic Bank in its Q1 2023 investor letter, despite the bank being a significant detractor from performance during the quarter. Wedgewood Partners rarely invests in banks, but was attracted to First Republic because it was one of the most responsibly run banking outfits in the country and was growing. However, the bank became collateral damage in the collapse of Silicon Valley Bank, and Wedgewood Partners has not added to its positions in First Republic since then.