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Mar 31, 2022
First Foundation Q1 2022 Earnings Report
Reported strong first quarter results driven by growth in core deposits and near-record loan originations.
Key Takeaways
First Foundation Inc. reported a strong start to 2022 with net income of $30.8 million, or $0.55 per diluted share. The company experienced growth in core deposits and near-record loan originations, with total revenues of $89.9 million. The Board of Directors authorized a $75 million stock repurchase program.
First quarter net income of $30.8 million and earnings per share of $0.55.
Total revenues of $89.9 million in first quarter 2022.
Board of Directors has authorized a $75 million stock repurchase program.
Return on average assets of 1.18%.