First Foundation Inc reports results for the quarter ended in December - Earnings Summary

First Foundation

26/01/2023 14:32

* First Foundation Inc  FFWM.OQ  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for earnings of 31 cents per share.
    * Revenue rose 8.1% to $81.94 million from a year ago;
analysts
expected $95.94 million. 
    * First Foundation Inc's reported EPS for the quarter was 31
cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * First Foundation Inc shares had risen by 9.8% this
quarter.
    * The company reported quarterly net income of $17.35
million.
    * Wall Street's median 12-month price target for First
Foundation
Inc is $18.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
26 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.31           0.31           Met
 Sep. 30 2022      0.51           0.51           Met
 Jun. 30 2022      0.53           0.59           Beat
 Mar. 31 2022      0.50           0.55           Beat