First Republic Bank shed $102 BILLION in deposits during the first quarter of this year as customers withdrew their money from the troubled bank hand-over-fist during last month's banking crisis.

FRB's quarterly earnings report, which was just presented, showed the first detailed look at the carnage inflicted on the bank as it collapsed and was ultimately saved from insolvency by a group of large financial institutions.

The bank lost $102 billion, mostly last month, and profits plunged. The $30 billion injection by 11 large banks brought FRB's quarterly net deposit loss to $72 billion.

As you can see, it's been a rough quarter for First Republic's stock:

And it's down another 21% after hours as I type this.

We haven't seen the last of the banking woes. It will be very interesting to watch further earnings reports from regional banks. So many of them had customers take their money and bounce to larger, "too-big-to-fail" institutions.