NYSE$FFWM

First Foundation Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported a net income of $2.2 million, or $0.04 per share, and total revenues of $63.8 million.

First Foundation Inc. reported a net income of $2.2 million, or $0.04 per share, for the third quarter of 2023. Total revenues for the quarter were $63.8 million.

  • Net income of $2.2 million, earnings per share of $0.04.
  • Total revenues of $63.8 million, including net interest income of $52.1 million.
  • Nonperforming assets to total assets of 0.10%.
  • Loan to deposit ratio decreased to 95.1%.

Headline financials

Total Revenue

$63.8M

Previous: $99.9M-36.1%
EPS (adj)

$0.05

Previous: $0.51-90.2%
Net Interest Margin

1.7%

Previous: 3.1%-46.5%
Efficiency Ratio

99.7%

Previous: 60.0%+66.2%
Loan to Deposit Ratio

95.1%

Previous: 108.4%-12.3%
Nonperforming Assets to Total Assets

0.1%

No prior period
Capital Expenditures

-$6.3M

Previous: -$4.01M-57.3%
Free Cash Flow

-$4.12M

Previous: $25M-116.5%
Net Income

$2.18M

Previous: $29M-92.5%
Operating Income

$436K

Previous: $66.3M-99.3%
Gross Profit

$61.8M

Previous: $99.8M-38.1%
Cash & Equivalents

$819M

Previous: $318M+157.5%
Total Assets

$13.1B

Previous: $12.3B+5.9%
Stock-Based Comp

$579K

Previous: $733K-21.0%

Revenue & EPS history

First Foundation · Revenue · Quarterly

$63.8M

Q3 2023-36.1%vs Q3 2022
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

First Foundation · $58.2M total across 2 segments · Q2 2023

  • Banking
    $50.8M-43.2%
  • Wealth Management
    $7.42M-7.1%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q3 2023

Historical avgQ3 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

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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