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Mar 31, 2023
First Foundation Q1 2023 Earnings Report
Net income and revenues decreased due to Fed's interest rate hikes and deposit outflows.
Key Takeaways
First Foundation Inc. reported a decrease in net income to $8.5 million, or $0.15 per diluted share, for Q1 2023, compared to $17.4 million, or $0.31 per diluted share for Q4 2022. Total revenues also decreased to $70.5 million compared to $81.9 million for the previous quarter due to the impact of rising interest rates.
Earnings per share of $0.15 for the quarter (EPS and adjusted EPS).
Net income of $8.5 million for the quarter.
Total revenues of $70.5 million for the quarter.
Tier 1 leverage ratio of 8.31%.
Revenue by Segment
Forward Guidance
Company expects positive results to follow once they experience a more normalized rate environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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