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Sep 30, 2022
First Foundation Q3 2022 Earnings Report
Reported third quarter 2022 results with net income of $29.0 million and EPS of $0.51.
Key Takeaways
First Foundation Inc. reported a decrease in net income to $29.0 million, with diluted earnings per share at $0.51 for Q3 2022. The company's revenue was $99.9 million. Despite a challenging economic environment, the company maintained strong credit quality and a net interest margin of 3.10%.
Third quarter net income of $29.0 million and earnings per share of $0.51.
Total revenues of $99.9 million in third quarter 2022.
Return on average assets of 0.98%.
Return on average tangible equity of 13.2%.
Revenue by Segment
Forward Guidance
Strategic focus heading into the fourth quarter is centered around protecting the balance sheet, building liquidity, competitively pursing deposits, and the continued retention of valuable clients.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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