First Foundation (US:FFWM)2019-05-07 17:18Financial Performance - As of March 31, 2019, Loans reached $4.9 billion[4], Deposits totaled $4.6 billion[4], and Total Assets amounted to $6.0 billion[4] - For the quarter ended March 31, 2019, Revenue was $49.5 million[4] and Net Income was $11.3 million[4] - The Return on Average Assets (ROAA) was 0.76%[4], and the Return on Average Tangible Equity was 9.7%[4] for the quarter ended March 31, 2019 - The efficiency ratio for the quarter ended March 31, 2019, was 66.7%[4] - Net Interest Income increased from $34.3 million in Q1 2018 to $41.0 million in Q1 2019[8] Growth and Composition - Loan production was $400 million for the three months ended March 31, 2019[5] - Deposit growth was $36 million for the three months ended March 31, 2019[5] - Revenue growth was 14% for the three months ended March 31, 2019, compared to the corresponding period in 2018[5] - Noninterest-Bearing Demand Deposits accounted for 24% of total deposits as of March 31, 2019[13] - As of March 31, 2019, Multifamily loans constituted 40% ($1.997 billion) of the loan portfolio[12] Assets and Wealth Management - Assets Under Management (AUM) was $4.1 billion as of March 31, 2019[4] - Trust Assets Under Management (AUM) reached $776 million as of March 31, 2019[19]