OC Banks Among Falling Safes on Wall Street

First Foundation (Nasdaq: FFWM) was the only one out of OC's five biggest banks to see its shares rise in the session following the release of its Q3 results. First Foundation The Irvine-based company reported thirdquarter earnings of 33 cents a share, topping the 27 cents expected by analysts....

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Bibliographic Details
Published in:Orange County Business Journal 2018-10, Vol.41 (44), p.1-42
Main Author: Brennan, Peter J
Format: Article
Language:English
Subjects:
Corporate profits
Federal Reserve monetary policy
Interest rates
Operating costs
Profitability
Small business loans
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Summary:First Foundation (Nasdaq: FFWM) was the only one out of OC's five biggest banks to see its shares rise in the session following the release of its Q3 results. First Foundation The Irvine-based company reported thirdquarter earnings of 33 cents a share, topping the 27 cents expected by analysts. "First Foundation produced solid 3Q 2018 results as the company generated strong growth in net loans, along with margin expansion and relatively strong core profitability metrics," Raymond James analyst Donald Worthington wrote in a report.
ISSN:1051-7480