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First Foundation Q1 2023 Earnings Report

First Foundation logo
$6.34 -0.62 (-8.91%)
(As of 05:44 PM ET)

First Foundation EPS Results

Actual EPS
$0.15
Consensus EPS
$0.17
Beat/Miss
Missed by -$0.02
One Year Ago EPS
N/A

First Foundation Revenue Results

Actual Revenue
$70.45 million
Expected Revenue
$77.17 million
Beat/Miss
Missed by -$6.72 million
YoY Revenue Growth
N/A

First Foundation Announcement Details

Quarter
Q1 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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First Foundation Earnings Headlines

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About First Foundation

First Foundation (NASDAQ:FFWM), through its subsidiaries, provides banking services, investment advisory, wealth management, and trust services to individuals, businesses, and other organizations in the United States. The company operates in two segments, Banking and Wealth Management. It offers a range of deposit products, including personal and business checking accounts, savings accounts, interest-bearing demand deposit accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, commercial term loans, and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits. The company also provides various specialized services comprising trust services, online and mobile banking, remote deposit capture services, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services and equipment financing solutions. In addition, it offers investment management and financial planning services; financial, investment, and economic advisory and related services; and treasury management services, such as bill pay, check/payee/ACH positive pay, wire origination, internal and external transfers, account reconciliation reporting, mobile deposit, lockbox, cash vault services and merchant processing. Further, the company provides support services, including the processing and transmission of financial and economic data for charitable organizations. It operates through a network of branch offices and loan production offices. The company was founded in 1985 and is headquartered in Dallas, Texas.

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