First Republic's total available unused liquidity to fund operations currently stands at over $70 billion, it said.

The figure excludes additional liquidity the bank is eligible to receive under the new Bank Term Funding Program announced by the Fed, the lender clarified.

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The report would be a big positive for the bank considering it was able to raise funds at a time when the banking industry is once again facing a crisis exacerbated by rising rates.

In times when banks are fearing a potential run in the aftermath of a lender becoming insolvent, the biggest relief to depositors and shareholders always happens to be additional liquidity as trust becomes a scarce commodity.

"First Republic's capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks,” founder and Executive Chairman Jim Herbert, and CEO Mike Roffler said in a joint statement.

“First Republic continues to fund loans, process transactions and fully serve the needs of clients by delivering exceptional service.”

Shares of First Republic Bank fell as low as $45 on Friday before rebounding and closing at $81.76. Since the release is dated Sunday, it would be interesting to see how the stock reacts when the market opens on Monday.

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