NYSE$FFWM

First Foundation Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

First Foundation's financial performance reflected resilience in core business and strategic expense management.

First Foundation Inc. reported Q4 2022 earnings per share of $0.31, and adjusted earnings per share of $0.35. Net income for the quarter was $17.4 million, with total revenues reaching $81.9 million.

  • Earnings per share of $0.31 for the quarter, $1.96 for the full year.
  • Adjusted earnings per share of $0.35 for the quarter, $2.02 for the full year.
  • Net income of $17.4 million for the quarter, $110.5 million for the full year.
  • Total revenues of $81.9 million for the quarter, $366.9 million for the full year.

Headline financials

Total Revenue

$81.9M

Previous: $75.8M+8.1%
EPS (adj)

$0.35

Previous: $0.53-34.0%
Net Interest Margin

2.5%

Previous: 3.2%-22.7%
Efficiency Ratio

70.9%

Previous: 51.0%+39.0%
Return on Average Assets

0.6%

Previous: 1.1%-52.2%
Loan to Deposit Ratio

103.5%

Previous: 84.1%+23.1%
Cost of Deposits

1.5%

Previous: 0.1%+880.0%
Nonperforming Assets to Total Assets

0.1%

Previous: 0.1%-7.1%
Allowance for Credit Losses to Loans Held for Investment

0.3%

No prior period
Capital Expenditures

$576K

Previous: $651K-11.5%
Free Cash Flow

$237K

Previous: $26.1M-99.1%
Net Income

$17.4M

Previous: $23.9M-27.4%
Operating Income

$20.9M

Previous: $32.3M-35.2%
Gross Profit

$63.7M

Previous: $73.6M-13.5%
Cash & Equivalents

$656M

Previous: $1.12B-41.5%
Total Assets

$13B

Previous: $10.2B+27.6%
Stock-Based Comp

$697K

Previous: $554K+25.8%

Revenue & EPS history

First Foundation · Revenue · Quarterly

$81.9M

Q4 2022+8.1%vs Q4 2021
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

No explicit forward guidance was provided in the transcript.

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 Q4 2022

Historical avgQ4 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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