First Foundation Investor Presentation Deck
Net Interest Income
NII and NIM were adversely impacted due to Fed interest rate actions since 2022. NIM compression is expected
if Fed continues with interest rate increases
Net Interest Margin
$350.0
$300.0
$250.0
$200.0
$150.0
$100.0
$50.0
$-
$155.6
2018
Net Interest Income
($ in millions)
$14,000
$12,000
$10,000
$8,000
$6,000 $5,200
$4,000
$2,000
$0
$170.0
$196.6
$5,921
YE 2018 YE 2019
$233.3
Average Interest-Earning Assets
($ in millions)
Loans
2019 2020 2021 2022 I 3Q22 3Q23
YTD
YTD
$318.7
$6,498
$7,409
YE 2020 YE 2021
FIRST FOUNDATION
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I
I
Securities ■ Other
$244.0
$10,938 1
$159.8
YE 2022
$12,646
5.00%
3Q23
4.50%
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
3.22%
0.00%
3.07%
3.31%
3.17%
3.19%
3.00%
3.50%
3.84%
3.18%.
3.10%
0.54%
4.12%
(1)
1.23%
4.32%
3.41%
2.52%
2.45%
1.83%
4.51% 4.56%
0.28% 0.26%
0.32%
3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23
Net Interest Margin
Earning Assets Yield
Cost of Interest-Bearing Liabilities
1) Cost of interest-bearing liabilities excludes the positive impact of non-interest-bearing deposits.
3.97% 4.01%
1.51%
1.66%
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