Welcome to our dedicated page for First Foundation news (Ticker: FFWM), a resource for investors and traders seeking the latest updates and insights on First Foundation stock.
First Foundation Inc. (NYSE: FFWM) is a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank. This news page aggregates coverage of the company’s activities as it provides personal banking, business banking, and private wealth management services, including investment, trust, insurance, and philanthropy services.
Visitors can review news related to First Foundation’s quarterly earnings releases, investor presentations, and conference call announcements, which are frequently detailed in Business Wire press releases and supported by Form 8-K filings. These updates describe the company’s consolidated financial results and provide context on its Banking and Wealth Management segments.
Because First Foundation has announced an Agreement and Plan of Merger with FirstSun Capital Bancorp, news for FFWM also includes information about that planned all-stock merger, expected closing conditions, and subsequent steps such as the planned merger of First Foundation Bank into Sunflower Bank, National Association. Company communications outline the anticipated structure of the combined organization and the approvals required before closing.
Beyond financial reporting and transaction updates, the news flow includes leadership and governance developments at First Foundation Bank, such as the appointment of executives to roles including Chief Banking Officer, Chief Operations Officer, and Chief Credit Officer, along with related employment agreements and responsibilities. Additional articles highlight First Foundation Bank’s Supporting Our Communities Grant Awards, which describe grants to nonprofit organizations in states where the bank operates and the community reinvestment priorities those grants support.
For investors, analysts, and observers following FFWM, this page provides a centralized view of company-issued announcements and related coverage, helping readers track earnings, strategic transactions, executive changes, and community initiatives over time.
First Foundation (NASDAQ: FFWM) will release its Q1 2021 earnings results on April 27, before market opening. CEO Scott F. Kavanaugh and CFO Kevin Thompson will discuss the results at 11:00 AM ET. Access to the earnings release and slide presentation will be available on their investor relations website. Additionally, a live conference call can be joined via internet or by telephone, with replay options provided for those unable to attend. First Foundation offers a wide range of financial services aimed at supporting clients throughout their financial journey.
First Foundation Inc. (NASDAQ: FFWM) is relocating its principal executive office to Dallas, Texas, as part of its strategic expansion into major markets. This move is aimed at enhancing its banking, trust, and wealth management services. The company will hire a lending team and has appointed Gary Woods to lead commercial real estate finance in Texas. First Foundation Bank anticipates continued success in real estate lending in the Dallas-Fort Worth area, known for its multifamily lending opportunities. Future plans also include opening a lending production office and a full-service branch.
First Foundation Inc. (NASDAQ: FFWM) announces the graduation of two team members, Joseph DePillo and Trevor Mael, from Pacific Coast Banking School, achieving graduate-level certificates in Banking and Leadership. The company implemented a tuition reimbursement program in 2019, encouraging employee education. Both graduates excelled in their coursework, with DePillo recognized on the Honor Roll and his thesis added to the school's Lending Library. CEO Scott F. Kavanaugh commended their dedication, highlighting the company's commitment to employee development and its partnership with PCBS for enhancing banking knowledge.
First Foundation Inc. (NASDAQ: FFWM) announced its financial results for the year and quarter ending December 31, 2020. The report reveals significant insights into the company's performance and recent activities. Chief Executive Officer Scott F. Kavanaugh and Chief Financial Officer Kevin Thompson will discuss these results in a live webcast scheduled for 8 a.m. PT. The company, which offers personal banking, business banking, and private wealth management services, aims to differentiate itself through personalized service and a comprehensive suite of financial products.
First Foundation (NASDAQ: FFWM) will release its fourth quarter 2020 earnings on January 26 before market opens. A conference call hosted by CEO Scott F. Kavanaugh and CFO Kevin Thompson will occur at 11:00AM ET to discuss financial results. This marks a new process for earnings announcements, utilizing Business Wire for releases while reports will be accessible via the investor relations site. Investors can join the call online or via phone, with replay options available post-call.
First Foundation Inc. (NASDAQ: FFWM) announced the launch of its revamped ‘Supporting Our Communities’ initiative, focusing on significant donations to nonprofits during 2020. This year, the initiative features cash grants and in-kind consulting services, fostering volunteer activities. Twelve organizations, addressing issues like affordable housing and youth career development, are selected for support. First Foundation emphasizes building relationships within communities it serves, enhancing its philanthropic efforts across California, Nevada, and Hawaii.
First Foundation (NASDAQ: FFWM) has announced that WISEPlace received a $37,500 AHEAD grant from FHLBank San Francisco, with an additional $25,000 grant supporting its mission to end homelessness for women. WISEPlace, serving over 8,100 women in its 90-year history, offers transitional shelters, counseling, and employment assistance. CEO Brateil Aghasi highlighted the critical need for support amid rising homelessness exacerbated by COVID-19. This partnership not only includes funding but also professional guidance to enhance WISEPlace's operational capabilities.
First Foundation Inc. (NASDAQ: FFWM) reported strong financial results for Q3 2020, with total revenues increasing 32% to $75.3 million and earnings rising 73% to $30.9 million, resulting in diluted EPS of $0.69. Credit quality remained robust, with nonperforming assets at 0.32% of total assets. The company announced a quarterly dividend of $0.07 per share, payable November 17, 2020. Core deposits grew significantly, and the tangible book value per share increased to $13.05. Loan originations totaled $414 million.