First Foundation (NASDAQ: FFWM) reported Q1 EPS of $0.23, $0.03 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $43.2 million versus the consensus estimate of $43.86 million.

Financial Results:

2018 first quarter compared to 2017 first quarter:

• Total revenues were $43.2 million, an increase of 28%
• Net interest income was $34.3 million, an increase of 32%
• Income before taxes was $12.6 million, an increase of 39%
• Earnings were $9.0 million, an increase of 47%
• Earnings per fully diluted share were $0.23, compared to $0.18 in 2017, an increase of 27%

2018 Financial ratios:

• Return on average tangible equity of 9.8% for the quarter
• Return on average assets of 0.76% for the quarter
• Efficiency ratio of 67.0% for the quarter
• Total tangible shareholders’ equity of $379 million, tangible book value of $9.69 per share, and tangible common equity to tangible assets of 7.87%, in each case, as of March 31, 2018

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