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Jun 30, 2021
First Foundation Q2 2021 Earnings Report
Reported net income of $26.1 million and earnings per share of $0.58.
Key Takeaways
First Foundation Inc. reported a strong second quarter with a net income of $26.1 million, or $0.58 per diluted share, and total revenues of $71.9 million. The company experienced record loan originations and deposit growth, while maintaining strong asset quality and improving efficiency.
Net income was $26.1 million and earnings per share was $0.58.
Total revenues reached $71.9 million.
Loan originations hit a record $1.1 billion.
Deposits grew by $861 million.
First Foundation
First Foundation
First Foundation Revenue by Segment
Revenue by Segment
Banking Revenue
CapyFin.comWealth Management Revenue
CapyFin.com Forward Guidance
First Foundation's acquisition of TGR Financial is on track with anticipated closing in 4Q21 and core systems conversions in 2Q22.
Revenue & Expenses
Visualization of income flow from segment revenue to net income