First Foundation Inc. (NYSE:FFWM) Q2 2022 Earnings Conference Call July 26, 2022 11:00 AM ET
Company Participants
Scott Kavanaugh - Chief Executive Officer
Kevin Thompson - Chief Financial Officer
David DePillo - President
Conference Call Participants
Matthew Clark - Piper Sandler
Andrew Taro - Stephens
David Feaster - Raymond James
Steve Moss - B. Riley Securities
Gary Tenner - D.A. Davidson
Operator
Greetings, and welcome to First Foundation's Second Quarter 2022 Earnings Conference Call. Today's call is being recorded. At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation. [Operator Instructions] Speaking today will be Scott Kavanaugh, First Foundation's Chief Executive Officer; Kevin Thompson, Chief Financial Officer; and David DePillo, President.
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, see the company's filings with the Securities and Exchange Commission.
And now, I would like to turn the call over to Scott Kavanaugh.
Scott Kavanaugh
Good morning, and welcome. Thank you for joining our second quarter 2022 earnings conference call. Today, we will be delivering some prepared remarks, highlighting our activities and accomplishments this quarter. At the conclusion of the prepared remarks, we will open the line for questions.
This quarter, we delivered strong results as our business model continues to perform well. Our earnings for the second quarter were $33.3 million or $0.59 per share, which represents a 7% increase over the first quarter of 2022.
Total revenues were $95.2 million for the quarter, a 6% increase from the first quarter of 2022 and a 32% increase year-over-year. Our tangible book value per share ended the quarter higher at $15.61. We also declared and paid our second quarter cash dividend of $0.11 per share.
As you are well aware, there are a lot of headwinds facing our industry and the economy right now, yet each of our lines of business have continued to perform well and we have contributed in meaningful ways to this quarter's results.