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Sep 30, 2021
First Foundation Q3 2021 Earnings Report
Reported strong third quarter results with increased revenue and net income
Key Takeaways
First Foundation Inc. reported a strong third quarter in 2021, with net income reaching $37.2 million, or $0.83 per diluted share, and total revenues of $89.9 million. The company saw improvements in key financial metrics such as return on average assets and tangible equity, coupled with strategic investments and expansion into new markets.
Net income for the third quarter reached $37.2 million, translating to earnings per share of $0.83.
Total revenues for the third quarter amounted to $89.9 million.
Return on average assets stood at 1.88%.
Return on average tangible equity was 22.9%.
First Foundation
First Foundation
First Foundation Revenue by Segment
Revenue by Segment
Banking Revenue
CapyFin.comWealth Management Revenue
CapyFin.com Forward Guidance
Acquisition of TGR Financial is anticipated to close in 4Q21 and core systems conversions in 2Q22.
Revenue & Expenses
Visualization of income flow from segment revenue to net income