First Foundation - FFWM STOCK NEWS

First Foundation Inc. (NYSE: FFWM) has scheduled its first quarter 2025 earnings release for Wednesday, April 30, 2025, before market opening. CEO Thomas C. Shafer will host an earnings discussion at 11:00 AM ET / 8:00 AM PT on the same day.

The earnings report and slide presentation will be accessible through Business Wire and First Foundation's investor relations website. Interested parties can join via webcast through First Foundation's website or participate in Q&A through a toll-free dial-in number (800-715-9871) with Conference ID: 2340475.

Participants are advised to join ten minutes before the call starts. A replay will be available on the company's investor relations website for those unable to attend live.

First Foundation Bank has granted $10,000 to Neighborhood Housing Services of the Inland Empire (NHSIE) to support their Black Homeownership Program, with the Federal Home Loan Bank of San Francisco providing an additional $30,000 in matching funds, totaling $40,000 in investment.

The program aims to increase homeownership opportunities for Black families through:

• Financial education
• Down payment assistance
• Access to affordable mortgage lending options

NHSIE, led by CEO Kailin Scott Peoples, specializes in developing innovative housing solutions and implements shared equity models to preserve long-term affordability. The organization's integrated approach includes property development, financial assistance, homebuyer preparation, and post-purchase support. With over 50 years of experience, NHSIE continues to expand access to homeownership for historically underserved communities throughout the Inland Empire and Southern California desert areas.

First Foundation Bank and the Federal Home Loan Bank of San Francisco have awarded a $100,000 grant to TMC Community Capital through the AHEAD Program. The funding will support TMC's 'Racially Just Community-Based Underwriting' program, focusing on underserved small businesses in California's rural areas and Central Valley.

The program leverages alternative data, community partnerships, and technology to facilitate microloans for small businesses that may not qualify for traditional financing. First Foundation Bank has extended its support beyond financial assistance by providing TMC with office space in Los Angeles to facilitate their expansion into Southern California.

The initiative aims to bridge the economic gap for small businesses through technology and community-based lending approaches, particularly targeting cash-based and credit-invisible businesses. Local business organizations can apply on behalf of small businesses, utilizing their knowledge of local economies to support entrepreneurs.

First Foundation Inc. (NYSE: FFWM) has announced a $40,000 donation to support California Wildfires relief efforts. The funds will be equally distributed between the Pasadena Community Foundation and the California Community Foundation.

The Pasadena Community Foundation will focus on supporting individuals affected by home loss, evacuation, or job loss, with emphasis on preserving community diversity and helping generational Black and Latino families rebuild. The California Community Foundation will address long-term recovery needs, including housing, mental health, medical care, and infrastructure rebuilding.

The initiative aims to provide critical recovery services and support rebuilding essential infrastructure, including emergency communication systems, financial disaster assistance, and humanitarian services for low-wage workers and immigrant families.

First Foundation Inc. (NYSE: FFWM) announced its financial results for Q4 2024. The company will host an earnings conference call featuring CEO Thomas C. Shafer and CFO Jamie Britton to discuss the company's financial performance and recent activities. The call will be available via webcast and through a toll-free dial-in number for those wanting to participate in the Q&A session.

First Foundation Inc. (NYSE: FFWM) has announced it will release its fourth quarter 2024 earnings results before market opens on Thursday, January 30, 2025. CEO Thomas C. Shafer will host a discussion of the company's financial results at 11:00AM ET / 8:00AM PT on the same day.

The earnings report and slide presentation will be posted on First Foundation's investor relations site. The call will be accessible via webcast through the company's website and via telephone, with a toll-free dial-in number (800-715-9871, Conference ID: 2340475). An archive of the call will be available for replay on the investor relations website.

First Foundation (NYSE: FFWM) has announced the appointment of Thomas C. Shafer as its new Chief Executive Officer, following the retirement of Scott F. Kavanaugh who served as CEO since 2009. Shafer brings four decades of banking experience, most recently serving as Co-President of Commercial Banking at Huntington Bancshares. As part of his employment package, Shafer received 500,000 restricted stock units, with 250,000 units vesting on the second anniversary and the remainder on the third anniversary of the grant date.

First Foundation Inc. (NYSE: FFWM) announced its financial results for the third quarter ended September 30, 2024. The company, which operates through two subsidiaries - First Foundation Advisors (FFA) and First Foundation Bank (FFB), will host an earnings discussion led by CEO Scott F. Kavanaugh, CFO Jamie Britton, and COO Chris Naghibi. The presentation will be available through a live webcast and a toll-free conference call with Q&A session.

First Foundation Inc. (NYSE: FFWM) announced two significant developments:

1. The reclassification of $1.9 billion of its multifamily portfolio from loans held to maturity to loans held for sale. This strategic move aims to strengthen the company's balance sheet and improve flexibility. The company expects third quarter-end fair-value pricing to exceed 92% of the principal balance, although it will impact Q3 earnings and reduce tangible book value per share.

2. The conversion of all outstanding Series B Noncumulative Convertible Preferred Stock into 14,490,000 shares of common stock. This follows the Special Meeting of Stockholders held on September 30, 2024, and the conversion was completed on October 2, 2024.

The company also provided details on its current outstanding securities and a pro forma tangible book value per share of $10.20, adjusted for the July 2024 Capital Raise and preferred stock conversions.