first republic bank frc stock fell 7 in afterhours trades on monday despite strongerthanexpected firstquarter profit from the bank as its deposits fell by 355 first republic’s firstquarter profit dropped to 269 million or 123 a share from 401 million or 2 a share in the yearago quarter first republic was expected to earn 95 cents a share in the latest quarter according to estimates compiled by factset revenue fell 134 to 12 billion close to the analyst estimate of 122 billion deposits dropped by 355 to 1045 billion the bank said deposit activity began to stabilize beginning the week