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Mar 31, 2024
First Foundation Q1 2024 Earnings Report
Net income of $793 thousand was reported, with earnings per share of $0.01. Maintained strong liquidity position and increased Total Risk-Based Capital.
Key Takeaways
First Foundation Inc. reported a challenging but resilient first quarter in 2024, marked by a net income of $793 thousand and earnings per share of $0.01. The company focused on cost control and operational optimization, leading to decreased non-interest expenses and a healthy increase in cash and cash equivalents. They also maintained a low ratio of nonperforming assets and an improving loan to deposit ratio.
Net income of $793 thousand, EPS of $0.01.
Loan to deposit ratio of 94.8% as of March 31, 2024.
Noninterest expense decreased to $50.6 million.
Total Risk-Based Capital increased to 12.49%.
First Foundation
First Foundation
First Foundation Revenue by Segment
Revenue by Segment
Banking Revenue
CapyFin.comWealth Management Revenue
CapyFin.comOther and Eliminations Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income