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Jun 30, 2022
First Foundation Q2 2022 Earnings Report
Reported solid financial results driven by record loan originations and deposit growth, reflecting the company's strong performance amidst economic uncertainty.
Key Takeaways
First Foundation Inc. reported a strong second quarter in 2022, with net income of $33.3 million and diluted earnings per share of $0.59. The company experienced record loan originations and deposit growth, demonstrating its ability to deliver value for stakeholders.
Net income reached $33.3 million, with earnings per share at $0.59.
Total revenues amounted to $95.2 million.
Return on average assets stood at 1.24%.
Return on average tangible equity was 15.5%.
First Foundation
First Foundation
First Foundation Revenue by Segment
Revenue by Segment
Banking Revenue
CapyFin.comWealth Management Revenue
CapyFin.com Forward Guidance
The company focuses on investing in talent, technology, and expanding within key markets while providing exceptional client service.
Revenue & Expenses
Visualization of income flow from segment revenue to net income