• First Foundation Inc FFWM.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of four analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from zero cents to 5 cents per share.

• Revenue rose 39.8% to $71.40 million from a year ago; analysts expected $64.19 million.

• First Foundation Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $6.9 million.

• First Foundation Inc shares had fallen by 4.2% this quarter and lost 20.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 60.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

• Wall Street's median 12-month price target for First Foundation Inc is $6.00

This summary was machine generated from LSEG data April 30 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)