First Foundation

First Foundation, Inc. is a bank holding, which engages in the provision of comprehensive platform of financial services to individuals, businesses, and organizations. It operates through the following segments: Banking and Wealth Management. The company was founded by John Avak Hakopian and Ulrich Emanuel Keller, Jr. in 1990 and is headquartered in Irvine, CA.

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

First Foundation reports solid Q4 earnings, eyes growth opportunities

First Foundation delivered solid financial performance in Q4 2022, emphasizing operational efficiencies and strategic growth initiatives.
While facing challenges in multifamily lending and regulatory uncertainties, the company is poised for modest loan portfolio growth and expense management.
Opportunities lie in commercial and industrial loans, trust business growth, and navigating the changing competitive landscape for market expansion.
With a focus on managing NIM, loan yields, and deposit costs, First Foundation aims to optimize profitability and enhance shareholder value.

First Foundation reports resilient Q1 performance amidst industry challenges

First Foundation navigated challenges from the financial services industry, stabilizing after significant deposit outflows.
Efforts to enhance operational efficiency and maintain liquidity position were key strengths for the bank.
Despite facing headwinds, the bank remains well-capitalized and focused on strategic growth opportunities.
The bank's focus on high underwriting standards and conservative lending practices drove loan originations primarily in commercial business loans.

First Foundation reports Q2 challenges but shows resilience and growth opportunities

First Foundation navigated challenges in Q2, reporting a net loss due to a goodwill impairment charge, but showed resilience in core operations.
Despite a decrease in revenues, the company maintained strong deposit growth, efficient loan portfolio management, and a focus on cost-saving initiatives.
Anticipated margin improvement, dividend increases, and operational optimizations present opportunities for growth and enhanced shareholder value in the future.
Scott Kavanaugh emphasized growth, efficiency, and client service, highlighting the company's adaptability and strategic focus in the current environment.

First Foundation reports solid Q3 earnings, eyes growth opportunities

First Foundation's Q3 performance reflected a focus on improving efficiency and credit quality. Despite challenges in deposit decline and loan outlook, the company's strengths in liquidity and digital banking present growth opportunities. Strategic initiatives to enhance core deposits and relationships are key for future success.

First Foundation's Q4 performance showed steady net income and EPS, with a focus on improving asset quality and diversifying the loan portfolio.
Challenges include a decline in customer service deposits and anticipated expense adjustments tied to revenue and profitability improvements.
Opportunities lie in enhancing client relationships, optimizing resources, and reducing rates paid on deposits for improved efficiency and profitability.
Overall, First Foundation remains optimistic for 2024, aiming to strengthen key financial metrics and capitalize on growth opportunities.

First Foundation maintains stability amidst market volatility and growth opportunities

First Foundation's Q1 2024 performance reflects stable financials with a focus on credit quality and relationship banking
Strengths lie in core deposit growth, asset diversification, and proactive risk management strategies
Challenges include market volatility impacting refinancing decisions and uncertainty in margin expansion
Opportunities exist in expanding C&I fundings, enhancing deposit gathering strategies, and growing net interest income

First Foundation (FFWM) reports robust Q2 earnings and growth opportunities

First Foundation exhibited strong financial performance with notable improvements in key metrics like revenue and deposit composition.
While facing challenges in expense management and funding diversification, the company has opportunities to optimize efficiency and revenue generation.
Overall, First Foundation's Q2 2024 performance reflects a solid foundation for growth and strategic advancement in the financial sector.

First Foundation manages noise, eyes stability through strategic shifts

First Foundation navigated a noisy quarter with a focus on asset quality and strategic shifts in loan portfolio composition.
Efforts to enhance liquidity and core deposits position the company for long-term success.
Despite challenges in fair value adjustments and cost management, opportunities in loan diversification and wealth management are evident.

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First Foundation, Inc. is a bank holding, which engages in the provision of a comprehensive platform of financial services to individuals, businesses, and organizations. It operates through the following segments: Banking, Wealth Management, and Other. The company was founded by John Avak Hakopian and Ulrich Emanuel Keller, Jr. in 1990 and is headquartered in Dallas, TX.

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter and year ended December 31, 2021. The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx. At 8 a.m. PT / 11 a.m. ET, Chief Executive Officer Sc

First Foundation Inc. Reports Fourth Quarter and Full Year 2021 Financial Results

Attractive valuation at 12x P/E. Exposure to booming local economy in Naples, FL.

First Foundation: Attractive Risk/Reward

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it has completed a $150 million offering of its 3.50% fixed-to-floating rate subordinated notes due 2032 (the “Notes”). First Foundation plans to use the net proceeds from the Notes offering for general corporate purposes, which may include, without limitation, prov

First Foundation Inc. Announces Closing of Subordinated Debt Offering

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced that it has priced an underwritten public offering of $150 million aggregate principal amount of its fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes will initially bear a fixed interest rate of 3.50% per year. Commencing on February 1, 2027, the int

First Foundation Inc. Announces Pricing of $150 Million Subordinated Debt Offering

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the recipients of its ‘Supporting Our Communities' philanthropy initiative. In its ninth year, First Foundation continues to build the legacy of its philanthropy programs through an expanded Supporting Our Communities initiative that includes grants for organizat

First Foundation Awards $450,000 to Nonprofits through Its ‘Supporting Our Communities' Grant Program

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter 2021 earnings results before the market opens on Monday, January 31. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Scott F. Kavanaugh and Chief Financial Officer Kevin Thompson and other executive members of F

First Foundation Inc. Announces Fourth Quarter 2021 Earnings Conference Call Details

DALLAS--(BUSINESS WIRE)---- $FFWM #ffwm--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank (collectively “First Foundation”), announced that it has completed its acquisition, effective as of December 17, 2021, of TGR Financial, Inc. and its bank subsidiary, First Florida Integrity Bank, a Florida state-chartered bank with seven branch offices located throughout Southwest Florida plus a corporate o

First Foundation Inc. Completes Acquisition of TGR Financial, Inc. and Its Bank Subsidiary, First Florida Integrity Bank

SILICON SLOPES, Utah and DALLAS, Dec. 6, 2021 /PRNewswire/ -- MX, the financial data platform and leader in modern connectivity, today announced that First Foundation Bank has gone live on the MXmobile platform for mobile banking, staying true to First Foundation Bank's digital strategy of delivering modern, engaging client experiences with an emphasis on financial wellness. Powered by MX's industry-leading data platform, First Foundation Bank will enhance the way it supports personal banking clients by delivering, through the new MXmobile -powered app, a single secure location to manage and interact with all of the bank's financial relationships.

First Foundation Bank Launches New Mobile App with MXmobile, Simplifying the Way Clients Get Financial Insights

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that all required regulatory approvals or waivers for the merger of TGR Financial, Inc. with and into First Foundation and the merger of First Florida Integrity Bank with and into First Foundation Bank have been received. Subject to the satisfaction of the remaining clos

First Foundation Inc. Announces Receipt of Regulatory Approvals for Acquisition of TGR Financial, Inc.

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Dallas, Texas based First Foundation, Inc. (NASDAQ: FFWM) (“the company”). In addition, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 for the subsidiary bank, First Foundation Bank. The Outlook for all long-term ratings

KBRA Assigns Ratings to First Foundation, Inc.

First Foundation, Inc. (FFWM) CEO Scott Kavanaugh on Q3 2021 Results - Earnings Call Transcript

First Foundation (FFWM) delivered earnings and revenue surprises of 29.69% and 15.94%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

First Foundation (FFWM) Q3 Earnings and Revenues Surpass Estimates

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter ended September 30, 2021. The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx. At 8 a.m. PT / 11 a.m. ET, Chief Executive Officer Scott F. K

First Foundation Inc. Reports Third Quarter 2021 Financial Results

First Foundation (NASDAQ:FFWM) is set to give its latest quarterly earnings report on Tuesday, 2021-10-26. Here's what investors need to know before the announcement.

Preview: First Foundation's Earnings

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2021 earnings results before the market opens on Tuesday, October 26. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Scott F. Kavanaugh and Chief Financial Officer Kevin Thompson and other executive members of F

First Foundation Inc. Announces Third Quarter 2021 Earnings Conference Call Details

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Tim Cody as Senior Vice President, Managing Director of Construction Lending. In his new role, Cody will help build out the construction lending offering for First Foundation Bank. Along these lines, Cody will be responsible for identifying and growing

First Foundation Bank Appoints Tim Cody as Senior Vice President, Managing Director of Construction Lending

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced the expansion of their Commercial Banking team in Los Angeles county with the appointment of Matthew Ashworth as SVP, Director of Commercial Banking, Leeza Jinian as SVP, Commercial Banking Manager, and Yenee Mesfin as SVP, Commercial Banker. First Foundation Bank recently pro

First Foundation Bank Expands Commercial Banking Team in Los Angeles

First Foundation Inc. (FFWM) CEO Scott Kavanaugh on Q2 2021 Results - Earnings Call Transcript

First Foundation (FFWM) delivered earnings and revenue surprises of 11.54% and 6.11%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

First Foundation (FFWM) Q2 Earnings and Revenues Surpass Estimates

Shares of First Foundation (NASDAQ:FFWM) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 45.00% year over year to $0.58, which beat the estimate of $0.52.

Recap: First Foundation Q2 Earnings

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter ended June 30, 2021. The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx. At 8 a.m. PT / 11 a.m. ET, Chief Executive Officer Scott F. Kavana

First Foundation Inc. Reports Second Quarter 2021 Financial Results

First Foundation (NASDAQ:FFWM) releases its next round of earnings this Tuesday, July 27. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Earnings Outlook For First Foundation

First Foundation (FFWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Foundation (FFWM) Reports Next Week: Wall Street Expects Earnings Growth

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced the expansion of their Los Angeles footprint with the opening of its Sherman Oaks branch office. “We are pleased to continue our expansion in Southern California with the opening of our Sherman Oaks branch,” said Scott F. Kavanaugh, Chief Executive Officer of First Foundation

First Foundation Bank Opens Sherman Oaks Branch

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2021 earnings results before the market opens on Tuesday, July 27. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Scott F. Kavanaugh and Chief Financial Officer Kevin Thompson and other executive members of Fir

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