1st Foundation Inc. reported a $1.23/share 3Q loss, but adjusted earnings beat expectations, and revenue exceeded forecasts.
First Foundation Inc. reported a third-quarter loss of $82.2 million, or $1.23 per share, for the period ending September 30, 2024. However, adjusted earnings were 4 cents per share, beating expectations. The company generated revenue of $169.1 million, with net revenue of $61.1 million, also exceeding forecasts. A discussion on the financial results will be held by the management team at 8 a.m. PT / 11 a.m. ET.
October 29, 2024
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