First Foundation Inc. (FFWM) Q2 2023 Earnings Call Transcript

First Basis Inc. (NASDAQ:FFWM) Q2 2023 Earnings Convention Name July 27, 2023 11:00 AM ET

Firm Contributors

Scott Kavanaugh – President and CEO

Chris Naghibi – Chief Working Officer

Amy Djou – Interim Chief Monetary Officer

Convention Name Contributors

David Feaster – Raymond James

Andrew Terrell – Stephens

Gary Tenner – D.A. Davidson

Adam Butler – Piper Sandler

Operator

Greetings. And welcome to First Basis’s Second Quarter 2023 Earnings Convention Name. At present’s name is being recorded. Talking right now can be Scott Kavanaugh, First Basis’s President and Chief Government Officer; and Chris Naghibi, Chief Working Officer.

Earlier than I hand the decision over to Scott, please notice that administration will make sure predictive statements throughout right now’s name that mirror their present views and expectations in regards to the firm’s efficiency and monetary outcomes. These forward-looking statements are made topic to the Protected Harbor assertion included in right now’s earnings launch.

As well as, a number of the dialogue could embrace non-GAAP monetary measures. For a extra full dialogue of the dangers and uncertainties that would trigger precise outcomes to vary materially from any forward-looking statements and reconciliations of non-GAAP monetary measures, please see the corporate’s filings with the Securities and Trade Fee.

And now I wish to flip the decision over to President and CEO, Scott Kavanaugh. Please go forward.

Scott Kavanaugh

Good morning and welcome. Thanks for becoming a member of right now’s earnings convention name. Following the disruption within the monetary trade within the first quarter, we have now seen stabilization throughout your complete banking sector, and within the second quarter, we had been capable of squarely concentrate on executing in opposition to our technique.

We’re extraordinarily happy with the dedication and diligence of our staff, as we skilled complete deposit progress, mortgage portfolio common yield will increase, and continued power in our Advisory and Belief enterprise.

We had been capable of

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