First Foundation Inc. (FFWM) Q2 2023 Earnings Call Transcript

First Foundation Inc. (NASDAQ:FFWM) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET

Company Participants

Scott Kavanaugh – President and CEO

Chris Naghibi – Chief Operating Officer

Amy Djou – Interim Chief Financial Officer

Conference Call Participants

David Feaster – Raymond James

Andrew Terrell – Stephens

Gary Tenner – D.A. Davidson

Adam Butler – Piper Sandler


Greetings. And welcome to First Foundation’s Second Quarter 2023 Earnings Conference Call. Today’s call is being recorded. Speaking today will be Scott Kavanaugh, First Foundation’s President and Chief Executive Officer; and Chris Naghibi, Chief Operating Officer.

Before I hand the call over to Scott, please note that management will make certain predictive statements during today’s call that reflect their current views and expectations about the company’s performance and financial results. These forward-looking statements are made subject to the Safe Harbor statement included in today’s earnings release.

In addition, some of the discussion may include non-GAAP financial measures. For a more complete discussion of the risks and uncertainties that could cause actual results to differ materially from any forward-looking statements and reconciliations of non-GAAP financial measures, please see the company’s filings with the Securities and Exchange Commission.

And now I would like to turn the call over to President and CEO, Scott Kavanaugh. Please go ahead.

Scott Kavanaugh

Good morning and welcome. Thank you for joining today’s earnings conference call. Following the disruption in the financial industry in the first quarter, we have seen stabilization across the entire banking sector, and in the second quarter, we were able to squarely focus on executing against our strategy.

We are extremely proud of the dedication and diligence of our team, as we experienced total deposit growth, loan portfolio average yield increases, and continued strength in our Advisory and Trust business.

We were able to

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *