NYSE$FFWM

First Foundation Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported solid financial results driven by record loan originations and deposit growth, reflecting the company's strong performance amidst economic uncertainty.

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%.

Headline financials

Total Revenue

$95.2M

Previous: $71.9M+32.3%
EPS (adj)

$0.59

Previous: $0.60-1.7%
Net Interest Margin

3.2%

Previous: 3.2%-0.6%
Efficiency Ratio

50.7%

Previous: 47.3%+7.2%
Return on Average Assets

1.2%

Previous: 1.4%-11.4%
Return on Average Tangible Common Equity

15.5%

Previous: 16.7%-7.2%
Capital Expenditures

-$3.52M

Previous: -$1.83M-92.9%
Free Cash Flow

$29.8M

Previous: $24.2M+23.0%
Net Income

$33.3M

Previous: $26.1M+27.9%
Operating Income

$76.5M

Previous: $59.1M+29.5%
Gross Profit

$95M

Previous: $71.9M+32.2%
Cash & Equivalents

$174M

Previous: $970M-82.1%
Total Assets

$11.2B

Previous: $7.94B+41.7%
Stock-Based Comp

$833K

Previous: $634K+31.4%

Revenue & EPS history

First Foundation · Revenue · Quarterly

$95.2M

Q2 2022+32.3%vs Q2 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

First Foundation · $97.3M total across 2 segments · Q2 2022

  • Banking
    $89.4M+1141.2%
  • Wealth Management
    $7.98M+10.2%

Forward guidance

The company focuses on investing in talent, technology, and expanding within key markets while providing exceptional client service.

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 2022

Historical avgQ2 2022

+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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