First Foundation Inc. (NYSE:FFWM) Q2 2024 Results Conference Call July 25, 2024 11:00 AM ET
Company Participants
Scott Kavanaugh - CEO, President & Vice Chairman
James Britton - Executive VP & CFO
Chris Naghibi - Executive VP & COO
Simone Lagomarsino - President
Conference Call Participants
David Feaster - Raymond James
Gary Tenner - D.A. Davidson
Andrew Terrell - Stephens
Matthew Clark - Piper Sandler
Operator
Greetings, and welcome to First Foundation's Second Quarter 2024 Earnings Conference Call. Today's call is being recorded. Speaking today will be Scott Kavanaugh, First Foundation's Chief Executive Officer; Jamie Britton, First Foundation's Chief Financial Officer; and Chris Naghibi, First Foundation's Chief Operating Officer. Also joining the call is Simone Lagomarsino, First Foundation Bank's 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, please see the company's filings with the Securities and Exchange Commission.
And now I would like to turn the call over to CEO, Scott Kavanaugh.
Scott Kavanaugh
Hey, good morning, and welcome. Thank you for joining us for today's second quarter 2024 earnings call. Once again, First Foundation was able to generate earnings that were above consensus and exit the quarter with positive momentum. As I had mentioned in previous calls, I believe our earnings troughed in the first quarter of 2024. This is significant when coupled with the backdrop of strengthening our balance sheet with the recently announced $228