First Foundation Earnings Reports

First Foundation Inc. returned to profitability in the first quarter of 2025, reporting net income of $6.9 million and diluted earnings per share of $0.08. The company saw continued expansion in its net interest margin and a decrease in total delinquent loans, indicating improved asset quality.

First Foundation Inc. reported a net loss of $14.1 million, or $0.17 per share (basic and diluted) for the fourth quarter of 2024. The company sold multifamily loans totaling approximately $489 million in principal balance. The results also include the recording of $20.1 million in additional provision for loan losses.

First Foundation Inc. reported a net loss of $82.2 million for Q3 2024, primarily due to a $117.5 million LOCOM adjustment from reclassifying multifamily loans. Excluding this adjustment, adjusted net income was $2.7 million. The company also raised approximately $228 million in gross proceeds through an equity capital raise.

First Foundation Inc. reported improved financial performance in Q2 2024, with positive growth in net interest income, return on average assets, and earnings per share. The company also completed a $228 million strategic capital investment.

First Foundation Inc. reported a challenging but resilient first quarter in 2024, marked by a net income of $793 thousand and earnings per share of $0.01. The company focused on cost control and operational optimization, leading to decreased non-interest expenses and a healthy increase in cash and cash equivalents. They also maintained a low ratio of nonperforming assets and an improving loan to deposit ratio.

First Foundation Inc. reported a net income of $2.5 million for the fourth quarter of 2023, with earnings per share at $0.045. The company's loan to deposit ratio stood at 95.2% as of December 31, 2023, and the tangible book value per share was $16.30.

First Foundation Inc. reported a net income of $2.2 million, or $0.04 per share, for the third quarter of 2023. Total revenues for the quarter were $63.8 million.

First Foundation Inc. reported a net loss of $212.3 million for Q2 2023, primarily due to a $215.3 million non-cash goodwill impairment charge. Excluding this charge and other adjustments, adjusted net income was $3.7 million. Total revenues for the quarter were $61.1 million.

First Foundation Inc. reported a decrease in net income to $8.5 million, or $0.15 per diluted share, for Q1 2023, compared to $17.4 million, or $0.31 per diluted share for Q4 2022. Total revenues also decreased to $70.5 million compared to $81.9 million for the previous quarter due to the impact of rising interest rates.

First Foundation Inc. reported Q4 2022 earnings per share of $0.31, and adjusted earnings per share of $0.35. Net income for the quarter was $17.4 million, with total revenues reaching $81.9 million.

First Foundation Inc. reported a decrease in net income to $29.0 million, with diluted earnings per share at $0.51 for Q3 2022. The company's revenue was $99.9 million. Despite a challenging economic environment, the company maintained strong credit quality and a net interest margin of 3.10%.

First Foundation Inc. reported a strong second quarter in 2022, with net income of $33.3 million and diluted earnings per share of $0.59. The company experienced record loan originations and deposit growth, demonstrating its ability to deliver value for stakeholders.

First Foundation Inc. reported a strong start to 2022 with net income of $30.8 million, or $0.55 per diluted share. The company experienced growth in core deposits and near-record loan originations, with total revenues of $89.9 million. The Board of Directors authorized a $75 million stock repurchase program.

First Foundation Inc. reported a net income of $23.9 million, or $0.51 per diluted share, for Q4 2021. Total revenues for the quarter were $75.8 million. The company also completed the acquisition of TGR Financial and announced a dividend payment of $0.11 per common share.

First Foundation Inc. reported a strong third quarter in 2021, with net income reaching $37.2 million, or $0.83 per diluted share, and total revenues of $89.9 million. The company saw improvements in key financial metrics such as return on average assets and tangible equity, coupled with strategic investments and expansion into new markets.

First Foundation Inc. reported a strong second quarter with a net income of $26.1 million, or $0.58 per diluted share, and total revenues of $71.9 million. The company experienced record loan originations and deposit growth, while maintaining strong asset quality and improving efficiency.

First Foundation Inc. reported a strong start to 2021, with record loan originations, growth in core deposits, and peak levels of assets under management. Net income was $22.4 million, or $0.50 per diluted share, for the first quarter of 2021.

First Foundation Inc. reported a net income of $22.4 million, or $0.50 per diluted share, for Q4 2020. The company experienced record loan originations and deposit growth. The board approved a quarterly cash dividend of $0.09 per common share.