FIRST FOUNDATION INC. FFWM Income Statement

First foundation inc. (FFWM)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Interest income:
Loans
222,000	220,951	217,188	214,050	201,075	186,211	169,849	147,740	134,187	121,707	111,427	102,422	93,401	85,080	77,746	71,149	63,550	57,481	53,502	49,272	46,137	44,140	41,542	39,246	39,103	37,918	0	0	0
Securities
25,836	25,004	23,979	22,209	19,598	16,855	13,803	13,247	12,798	12,407	12,538	12,717	12,691	12,781	11,906	9,811	7,533	5,227	3,548	3,240	2,968	2,545	2,125	1,630	1,233	864	0	0	0
FHLB stock, fed funds sold and interest-bearing deposits
2,718	2,805	2,741	3,082	3,858	4,240	4,123	3,619	2,775	2,687	3,292	3,244	3,212	2,781	1,835	1,631	1,928	1,763	1,617	1,431	776	713	626	557	516	399	0	0	0
Total interest income
250,554	248,760	243,908	239,341	224,531	207,306	187,775	164,606	149,760	136,801	127,257	118,383	109,304	100,642	91,487	82,591	73,011	64,471	58,667	53,943	49,881	47,398	44,293	41,433	40,852	39,181	0	0	0
Interest expense:
Deposits
63,380	64,182	61,797	56,564	48,352	38,776	30,738	24,195	20,123	17,443	14,825	12,352	10,313	8,916	7,714	6,616	5,758	4,886	4,357	3,982	3,705	3,586	3,434	3,262	3,189	3,167	0	0	0
Borrowings
13,399	14,624	14,680	14,752	13,790	12,920	11,567	10,227	7,809	5,740	5,035	3,911	2,845	2,277	1,894	1,798	1,573	1,395	1,453	1,418	1,241	998	790	611	431	340	0	0	0
Total interest expense
76,779	78,806	76,477	71,316	62,142	51,696	42,305	34,422	27,932	23,183	19,860	16,263	13,158	11,193	9,608	8,414	7,331	6,281	5,810	5,400	4,946	4,584	4,224	3,873	3,620	3,507	0	0	0
Net interest income
173,775	169,954	167,431	168,025	162,389	155,610	145,470	130,184	121,828	113,618	107,397	102,120	96,146	89,449	81,879	74,177	65,680	58,190	52,857	48,543	44,935	42,814	40,069	37,560	37,232	35,674	0	0	0
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	2,016	1,853	-	4,220	5,047	5,739	4,381	2,762	3,662	4,192	4,350	4,681	4,081	3,420	2,923	2,673	1,473	903	150	235	877	1,322	2,008	2,395	0	0	0
Net interest income after provision for credit losses
167,599	167,317	165,415	166,172	159,317	151,390	140,423	124,445	117,447	110,856	103,735	97,928	91,796	84,768	77,798	70,757	62,757	55,517	51,384	47,640	44,785	42,579	39,192	36,238	35,224	33,279	0	0	0
Noninterest income:
Revenue from contract with customers
29,626	28,658	28,485	28,409	28,361	28,748	0	0	0	-	-	-	24,598	24,384	23,971	23,700	23,637	23,486	22,890	23,329	22,609	21,798	21,282	19,570	18,993	18,240	0	0	0
Gain on sale of loans
-	-	0	-	-	419	3,136	3,734	7,274	7,029	4,886	10,162	8,112	7,812	7,443	0	0	-	0	-	-	-	-	-	-	-	-	-	-
Loss on capital market activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,043	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-
Gain on sale of REO
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
10,142	8,900	7,576	7,628	7,019	6,604	6,879	5,368	5,072	4,980	4,010	3,712	3,898	3,407	3,342	3,434	2,671	2,352	2,459	2,092	2,793	2,951	2,415	2,478	1,849	1,584	0	0	0
Total noninterest income
43,986	41,776	40,279	37,401	35,254	35,771	38,446	37,205	39,918	38,719	34,929	40,145	35,358	34,560	36,255	28,044	29,554	28,773	25,537	25,406	25,402	24,749	23,697	22,048	20,842	19,824	0	0	0
Noninterest expense:
Compensation and benefits
70,888	69,933	69,519	69,929	69,241	67,508	65,094	61,634	58,972	56,558	54,722	52,664	50,605	48,574	47,723	46,534	44,000	40,456	37,712	35,606	34,250	33,550	32,601	31,009	29,988	28,760	0	0	0
Occupancy and depreciation
21,549	20,905	20,740	20,880	20,476	19,779	18,826	17,037	16,153	15,396	14,289	13,560	12,577	11,978	11,557	11,046	10,118	9,260	8,312	7,618	7,454	7,325	7,343	7,346	7,061	6,556	0	0	0
Professional services and marketing costs
7,167	7,417	7,776	8,302	8,098	8,583	9,152	8,360	6,747	7,687	7,132	9,178	11,531	9,825	9,247	7,203	6,155	5,490	5,506	5,217	5,804	5,995	5,530	5,320	4,207	4,003	0	0	0
Customer service costs
16,841	17,858	17,220	16,154	15,695	15,077	14,249	11,624	9,119	7,041	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
13,061	13,481	12,804	14,067	17,522	16,128	18,277	16,369	12,264	12,294	8,443	9,556	9,201	8,938	9,446	8,610	7,244	6,252	5,753	4,981	5,811	5,637	5,301	4,943	4,516	4,303	0	0	0
Total noninterest expense
129,506	129,594	128,059	129,332	131,032	127,075	125,598	115,024	103,255	98,976	90,506	88,649	86,286	80,994	77,973	73,393	67,517	61,458	57,283	53,422	53,319	52,507	50,775	48,618	45,772	43,622	0	0	0
Income before taxes on income
82,079	79,499	77,635	74,241	63,539	60,086	53,271	46,626	54,110	50,599	48,158	49,424	40,868	38,334	36,080	25,408	24,794	22,832	19,638	19,624	16,868	14,821	12,114	9,668	10,294	9,481	0	0	0
Taxes on income
23,888	23,260	22,481	21,736	18,298	17,128	22,169	20,651	23,665	23,017	16,301	18,089	15,239	15,031	14,277	9,901	10,255	9,454	8,302	8,391	7,310	6,427	3,238	1,998	2,039	1,630	0	0	0
Net income
58,191	56,239	55,154	52,505	45,241	42,958	31,102	25,975	30,445	27,582	31,857	31,335	25,629	23,303	21,803	15,507	14,539	13,378	11,336	11,233	9,558	8,394	8,876	7,670	8,255	7,851	0	0	0
Net income per share:
Basic
0.30	0.34	0.39	0.28	0.25	0.33	0.33	0.13	0.23	0.04	0.28	0.29	0.19	0.20	0.28	0.12	0.12	-0.31	0.22	0.36	0.33	-0.15	0.34	0.16	0.19	0.47	0.20	0.25	0.14
Diluted
0.29	0.33	0.39	0.28	0.25	0.33	0.33	0.12	0.23	0.05	0.27	0.28	0.18	0.20	0.27	0.12	0.11	-0.30	0.21	0.35	0.32	-0.15	0.32	0.16	0.18	0.44	0.19	0.24	0.14
Shares used in computation:
Basic
44,669	44,663	44,639	44,625	44,540	44,567	44,405	40,820	38,577	36,935	34,565	33,623	32,805	32,673	32,514	32,269	32,006	60,690	12,623	8,070	7,855	38,693	7,735	7,734	7,733	7,491	7,414	7,414	7,376
Diluted
44,952	45,016	44,935	44,894	44,798	44,959	44,852	41,332	39,124	37,539	35,259	34,564	33,961	33,792	33,575	33,349	33,169	62,871	13,074	8,449	8,211	40,850	8,240	8,145	8,094	7,846	7,756	7,752	7,613