First Foundation: Q4 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — First Foundation Inc. (FFWM) on Thursday reported fourth-quarter earnings of $2.5 million.

The bank, based in Dallas, said it had earnings of 5 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The wealth manager and commercial bank posted revenue of $160.5 million in the period. Its revenue net of interest expense was $56.4 million, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $62 million.

For the year, the company reported profit of $199.1 million, or $3.53 per share. Revenue was reported as $251.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFWM at https://www.zacks.com/ap/FFWM