NYSE$FFWM
First Foundation Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Net income and revenues decreased due to Fed's interest rate hikes and deposit outflows.
First Foundation Inc. reported a decrease in net income to $8.5 million, or $0.15 per diluted share, for Q1 2023, compared to $17.4 million, or $0.31 per diluted share for Q4 2022. Total revenues also decreased to $70.5 million compared to $81.9 million for the previous quarter due to the impact of rising interest rates.
- Earnings per share of $0.15 for the quarter (EPS and adjusted EPS).
- Net income of $8.5 million for the quarter.
- Total revenues of $70.5 million for the quarter.
- Tier 1 leverage ratio of 8.31%.
Headline financials
Revenue & EPS history
First Foundation · Revenue · Quarterly
$70.5M
Revenue by segment
First Foundation · $72.6M total across 2 segments · Q1 2023
- Banking$65.4M—90.0%
- Wealth Management$7.29M—10.0%
Forward guidance
Company expects positive results to follow once they experience a more normalized rate environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
55%
28 / 51 earnings
Positive
+22.0%
Q2 2023
Best reaction
-13.8%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +1.8% | +8.8% | -2.0% | |
| Q3 2025 | -0.2% | -1.9% | -0.2% | |
| Q2 2025 | +0.4% | +4.5% | +22.2% | |
| Q1 2025 | +1.0% | +6.8% | +3.8% | |
| Q4 2024 | -12.8% | -18.2% | -18.7% | |
| Q3 2024 | -10.6% | -13.6% | +4.0% | |
| Q2 2024 | +5.5% | +3.3% | +3.0% | |
| Q1 2024 | -13.8% | -22.3% | -16.0% | |
| Q4 2023 | -5.2% | -6.1% | -26.8% | |
| Q3 2023 | +0.0% | -7.2% | +19.2% | |
| Q2 2023 | +22.0% | +23.6% | +26.8% | |
| Q1 2023 | +3.6% | -20.9% | -30.1% | |
| Q4 2022 | -0.6% | -1.3% | -5.0% | |
| Q3 2022 | -12.1% | -10.3% | -23.8% | |
| Q2 2022 | +3.6% | +3.0% | +0.8% | |
| Q1 2022 | -5.8% | -6.1% | -6.0% | |
| Q4 2021 | +1.0% | +1.4% | +3.0% | |
| Q3 2021 | -3.0% | -1.4% | +3.5% | |
| Q2 2021 | +4.6% | +6.5% | +7.1% | |
| Q1 2021 | -0.0% | +0.2% | +5.6% | |
| Q4 2020 | -4.4% | -5.5% | +10.4% | |
| Q3 2020 | -4.8% | -2.4% | +28.3% | |
| Q2 2020 | +7.8% | +8.0% | +2.8% | |
| Q1 2020 | +6.0% | +21.6% | +28.0% | |
| Q4 2019 | +3.3% | +1.9% | -8.6% | |
| Q3 2019 | +2.4% | +1.4% | +4.9% | |
| Q2 2019 | +7.2% | +8.6% | +0.3% | |
| Q1 2019 | +0.3% | +4.3% | -2.0% | |
| Q4 2018 | +0.1% | +1.0% | +6.6% | |
| Q3 2018 | +6.4% | +12.1% | +13.0% | |
| Q2 2018 | -12.8% | -15.3% | -11.9% | |
| Q1 2018 | -2.2% | +0.3% | +4.6% | |
| Q4 2017 | +0.1% | -3.6% | -3.6% | |
| Q3 2017 | +1.8% | -1.8% | -0.7% | |
| Q2 2017 | +3.8% | +2.4% | -0.2% | |
| Q1 2017 | +1.8% | -0.1% | +1.0% | |
| Q4 2016 | +4.6% | +7.0% | +4.1% | |
| Q3 2016 | +0.5% | -1.3% | +16.4% | |
| Q2 2016 | +5.1% | +2.0% | +9.6% | |
| Q1 2016 | -0.9% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | -0.3% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q1 2012 | -1.1% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q2 2012 | -1.1% | — | — | |
| Q4 2012 | -1.1% | — | — | |
| Q3 2012 | -1.1% | — | — | |
| Q3 2014 | +2.4% | — | — | |
| Q3 2013 | +2.4% | — | — | |
| Q2 2014 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q1 2014 | — | — | — |
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