First Foundation (NASDAQ: FFWM) reported Q1 EPS of $0.18, $0.01 better than the analyst estimate of $0.17.

“First Foundation experienced another quarter of strong results,” said Scott F. Kavanaugh, CEO. “We have seen significant growth in our wealth management activities, and we continue to grow our loan portfolio while maintaining excellent credit quality.

Financial Results:

• 2017 first quarter compared to 2016 first quarter:
  • Earnings were $6.1 million, an increase of 61%
  • Earnings per fully diluted share were $0.18, an increase of 50%
  • Net interest income was $26.1 million, an increase of 35%
  • Total revenues (net interest income and noninterest income) were $33.8 million, an increase of 28%
• Financial ratios:
  • Return on average equity of 8.5% for the quarter
  • Return on average assets of 0.69% for the quarter
  • Efficiency ratio of 73.0% for the quarter
  • Total shareholders’ equity of $292 million, tangible book value of $8.78 per share, and tangible common equity to tangible assets of 7.86%, in each case, as of March 31, 2017

For earnings history and earnings-related data on First Foundation (FFWM) click here.