Compared to Estimates, First Foundation (FFWM) Q4 Earnings: A Look at Key Metrics

Core Insights - First Foundation (FFWM) reported a revenue of $64.68 million for the quarter ended December 2024, reflecting a year-over-year increase of 14.7$0.17, a decline from $0.05 in the same quarter last year, indicating a significant earnings surprise of -666.67$0.03 [1] Financial Performance Metrics - The Efficiency Ratio (non-GAAP) was reported at 103.1%, exceeding the average estimate of 91.5% by three analysts [4] - Total interest-earning assets averaged $13.02 billion, surpassing the estimated$12.86 billion [4] - Net charge-offs to average loans were annualized at 0.7%, compared to the estimated 0% [4] - The Net Interest Margin was reported at 1.6%, aligning with the average estimate [4] - Total nonperforming assets amounted to $46.65 million, higher than the average estimate of$44.18 million [4] - Net interest income was $51.31 million, below the average estimate of$52.54 million [4] - Total noninterest income reached $13.37 million, exceeding the average estimate of$11.86 million [4] - Asset management, consulting, and other fees were reported at $9.27 million, slightly above the average estimate of$9.22 million [4] - Other income was $2.99 million, surpassing the estimated$2.42 million [4] Stock Performance - Over the past month, shares of First Foundation have returned +0.8%, compared to a +1.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]