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Stock impact report

First Foundation Announces 2020 First Quarter Financial Results

First Foundation Inc. (FFWM) 
Last first foundation inc. earnings: 4/22 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ff-inc.com
Company Research Source: Business Wire
Earnings per share: $0.29 for the quarterNet interest margin increased to 2.92% for the first quarter of 2020Ratio of nonperforming assets to total assets decreased to 0.14% at March 31, 2020Additional reserves of approximately $2 million due to adoption of CECLTangible book value per share increased to $11.80 at March 31, 2020 IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), announced today its financial results for the quarter ended March 31, 2020. As we present certain non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section “Use of Non-GAAP Financial Measures.”“During this extraordinary time, we have been committed to keeping our employees and clients safe while ensuring the continuity of our business,” said Scott F. Kavanaugh, CEO. “We had a stron Show less Read more
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