First Foundation: Q3 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — First Foundation Inc. (FFWM) on Tuesday reported a loss of $82.2 million in its third quarter.

The Dallas-based bank said it had a loss of $1.23 per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.

The wealth manager and commercial bank posted revenue of $169.1 million in the period. Its revenue net of interest expense was $61.1 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $60.6 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFWM at https://www.zacks.com/ap/FFWM

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up