First Foundation Inc. (NYSE:FFWM) Q1 2023 Earnings Conference Call April 27, 2023 11:00 AM ET
Company Participants
Scott Kavanaugh - President and CEO
Chris Naghibi - COO
Amy Djou - Interim CFO
Conference Call Participants
David Feaster - Raymond James
Gary Tenner - D.A. Davidson
Andrew Terrell - Stephens
Adam Butler - Piper Sandler
Operator
Greetings, and welcome to the First Foundation's First 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 statements, including 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.
Additionally, First Foundation intends to file a proxy statement and related proxy materials with the Securities and Exchange Commission in connection with the company's 2023 Annual Meeting of Stockholders and the company's directors and certain of the executive officers are participants in the solicitation of proxies from our stockholders in connection with the annual meeting.
Stockholders of First Foundation are strongly encouraged to read such proxy statements and all other related materials filed in the Securities and Exchange Commission carefully and in their entirety when they become available as they will contain important information about the 2023 Annual Meeting.
And I now would like to turn the call over to President and CEO, Scott Kavanaugh. Please go ahead, sir.
Scott Kavanaugh
Good morning, and welcome. Thank you for joining today's earnings conference call. Let me start by saying how humbled I am by the unprecedented events over the last quarter. For me personally, this is the toughest period I've experienced in my professional career. Yet during this history defining quarter for the financial services industry, First Foundation team has demonstrated immense and unwavering commitment to our clients and our company. I want to emphasize the resiliency of our business in the middle of the current economic headwinds.
We are a diversified regional financial services company with a scale and a proven business model. Our core business is providing a variety of exceptional financial services to our clients and our core strategy remains strong. It is only because every employee at every level of our organization worked so diligently this quarter that First Foundation remains resilient, well capitalized and continues to generate strong, sustainable results despite the industry challenges. I cannot thank our employees enough. Their decision is illustrated in the financials we reported despite significant headwinds, and I am proud to say that our earnings per share for the quarter was $0.15.