NYSE$FFWM

First Foundation Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported net income of $26.1 million and earnings per share of $0.58.

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.

Headline financials

Total Revenue

$71.9M

Previous: $57.4M+25.3%
EPS (adj)

$0.60

Previous: $0.40+50.0%
Net Interest Margin

3.2%

No prior period
Efficiency Ratio

47.3%

No prior period
Return on Average Assets

1.4%

No prior period
Return on Average Tangible Common Equity

16.7%

No prior period
Loan to Deposit Ratio

84.6%

No prior period
Cost of Deposits

0.2%

No prior period
Capital Expenditures

-$1.83M

Previous: -$1.38M-32.3%
Free Cash Flow

$24.2M

Previous: $16.5M+47.1%
Net Income

$26.1M

Previous: $17.9M+45.9%
Operating Income

$59.1M

Previous: $35.3M+67.2%
Gross Profit

$71.9M

Previous: $56M+28.3%
Cash & Equivalents

$970M

Previous: $414M+134.1%
Total Assets

$7.94B

Previous: $7.14B+11.2%
Stock-Based Comp

$634K

Previous: $428K+48.1%

Revenue & EPS history

First Foundation · Revenue · Quarterly

$71.9M

Q2 2021+25.3%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

First Foundation · $14.4M total across 2 segments · Q2 2021

  • Wealth Management
    $7.24M
  • Banking
    $7.2M

Forward guidance

First Foundation's acquisition of TGR Financial is on track with anticipated closing in 4Q21 and core systems conversions in 2Q22.

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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