DALLAS (AP) — DALLAS (AP) — First Foundation Inc. (FFWM) on Thursday reported a loss of $7.7 million in its second quarter.
The Dallas-based bank said it had a loss of 9 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The wealth manager and commercial bank posted revenue of $138.5 million in the period. Its revenue net of interest expense was $51.4 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $64.5 million.
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