DALLAS (AP) — DALLAS (AP) — First Foundation Inc. (FFWM) on Thursday reported second-quarter net income of $3.1 million.

The Dallas-based bank said it had earnings of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The wealth manager and commercial bank posted revenue of $164.6 million in the period. Its revenue net of interest expense was $57.5 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $54.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFWM at https://www.zacks.com/ap/FFWM