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. (FFWM) delivers integrated financial services through wealth management, banking, and strategic consulting solutions. This page serves as the definitive source for investors tracking FFWM's corporate developments, offering timely access to material announcements and market-moving updates.
Discover official press releases covering quarterly earnings, strategic acquisitions, and leadership changes, alongside analysis of new financial products and regulatory filings. Our curated news collection enables efficient monitoring of FFWM's positioning in wealth management markets and banking sector initiatives.
Key updates include developments in high-net-worth client services, multifamily lending operations, and regional market expansions. Bookmark this page for direct access to FFWM's latest corporate communications, ensuring you maintain informed perspectives on this financial services provider's evolving strategies.
First Foundation Inc. (NYSE: FFWM) has announced details for its third quarter 2024 earnings conference call. The company will release its Q3 2024 earnings results before the market opens on Tuesday, October 29. CEO Scott F. Kavanaugh will host a discussion of the financial results and provide a company update at 11:00AM ET / 8:00AM PT on the same day.
The earnings report and slide presentation will be available on First Foundation's investor relations site. Interested parties can access the live broadcast via the internet using the provided link or by visiting the company's website. For those wishing to participate in the Q&A, a toll-free dial-in number is available. Participants are advised to join the call ten minutes prior to its start. An archive of the call will be available for replay on the company's investor relations website.
First Foundation Inc. (NYSE: FFWM) has released its financial results for the second quarter of 2024. The company, which operates through two subsidiaries, First Foundation Advisors and First Foundation Bank, will host an earnings call to discuss the results and provide updates on recent activities. Scott F. Kavanaugh (CEO), Jamie Britton (CFO), and Chris Naghibi (COO) will lead the discussion.
The detailed earnings report and investor presentation are available on the company's investor relations website. Interested parties can join the live webcast or participate in the Q&A session via phone. This release does not provide specific financial figures or performance metrics, focusing instead on the logistics of the earnings call and access to detailed information.
First Foundation Inc. (NYSE: FFWM) has closed a $228 million equity investment involving Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital, and other investors. The investment includes the issuance of 11,308,676 common shares at $4.10 each, alongside Series A and B Noncumulative Convertible Preferred Stock. Investors also received seven-year warrants for Series C Non-Voting Common Equivalent Stock. The investment is aimed at enhancing the company’s efforts to build a top-tier regional bank and long-term shareholder value. As of March 31, 2024, First Foundation has assets worth $13.6 billion, $10.1 billion in loans, $10.6 billion in deposits, and $929 million in total stockholders' equity.
First Foundation (NYSE: FFWM), a financial services company incorporating First Foundation Advisors and First Foundation Bank, has announced it will release its Q2 2024 earnings results on July 25, 2024, before the market opens.
A conference call hosted by President and CEO Scott F. Kavanaugh will follow at 11:00 AM ET / 8:00 AM PT to discuss the financial results, performance, and recent activities.
The conference will be accessible via a live webcast and a toll-free dial-in number. The earnings report and slide presentation will be posted on the company’s investor relations site.
A replay of the call will be available for those unable to attend the live event.
First Foundation announced a $228 million equity investment from Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, and North Reef Capital. The investment will be used to strengthen the company's balance sheet and improve its financial performance. Fortress will invest $115 million, Canyon Partners $46 million, while Strategic Value Bank Partners and North Reef Capital each contribute $22 million. The company will issue common and preferred stock to these investors, with the transaction expected to close around July 8, 2024.
Four new directors, including Simone Lagomarsino who will also be the bank's President, will join the board at closing. The equity raise is anticipated to help refocus the company's balance sheet, grow its commercial and industrial platforms, and increase earnings. The investment will also provide financial strength to improve the net interest margin and deposit base.
Shareholders will need to approve amendments to the certificate of incorporation and the issuance of common stock exceeding 19.9% of the total voting power. A strategic update call is scheduled for July 2, 2024, to discuss these developments.
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