First Foundation (FFWM) - 2024 Q1 - Quarterly Results
First Foundation (FFWM)2024-04-25 19:06
First Foundation Inc. (NYSE: FFWM) April 25, 2024 Exhibit 99.1 FIRST FOUNDATION INC. REPORTS FIRST QUARTER 2024 RESULTS ● Net income of $793 thousand for the quarter or earnings per share of $0.01 for the quarter (basic and diluted). ● Loan to deposit ratio of 94.8% as of March 31, 2024. ● Tangible book value per share of $16.35. 1Q24 Key Financial Data Highlights Profitability Metrics 1Q24 4Q23 1Q23 ● Loan to deposit ratio of 94.8% as of March 31, 2024. Return on average assets (%) 0.02 0.08 0.26 Adjusted ...