First Foundation Stock Price, News & Analysis

First Foundation Inc. (NASDAQ: FFWM) has completed its acquisition of TGR Financial, Inc. and its subsidiary, First Florida Integrity Bank, as of December 17, 2021. This strategic move enhances First Foundation's presence from coast to coast, adding approximately $1.1 billion in loans and $2.2 billion in deposits. CEO Scott F. Kavanaugh highlighted the acquisition as a significant milestone for the company. The integration is set to proceed smoothly with plans for a full system conversion in Q2 2022. Gary L. Tice and Garrett Richter have been appointed to the Board and as Market President for Florida, respectively.

First Foundation Bank has launched the FFB Mobile app powered by MXmobile, aligning with its digital strategy to enhance client experiences and financial wellness. The app provides a secure platform for managing accounts and offers personalized financial insights. The partnership aims to simplify banking and includes support for monitoring crypto holdings. First Foundation Bank's COO emphasized the importance of a user-friendly experience, while MX's Chief Customer Officer highlighted their shared commitment to effortless digital banking.

First Foundation Inc. (NASDAQ: FFWM) announced that it has received all necessary regulatory approvals for the merger with TGR Financial, Inc. and its subsidiary, First Florida Integrity Bank. These mergers are anticipated to close around December 17, 2021. Following the mergers, First Foundation's total bank assets would reach approximately $9.9 billion, with total loans outstanding around $7.0 billion and total deposits of about $8.7 billion as of October 31, 2021. Additionally, the mergers will expand First Foundation's footprint in Florida, adding seven retail branches.

Kroll Bond Rating Agency (KBRA) has assigned various ratings to First Foundation, Inc. (NASDAQ: FFWM). The company received a senior unsecured debt rating of BBB and a subordinated debt rating of BBB-. Its subsidiary, First Foundation Bank, achieved a deposit and senior unsecured debt rating of BBB+. The ratings reflect a strong management team, consistent credit performance, and stable fee income from wealth management operations, accounting for 20% of revenues. The company maintains a CET1 ratio of 11.3%, indicating adequate capitalization.

First Foundation Inc. (NASDAQ: FFWM) announced its financial results for Q3 2021. The detailed earnings report and investor presentation are available online. CEO Scott F. Kavanaugh and CFO Kevin Thompson will discuss the results and recent activities in a live call at 8 a.m. PT. First Foundation offers comprehensive financial services, including personal and business banking, investment, and wealth management across California, Texas, Nevada, and Hawaii. The company emphasizes personalized service and a broad range of products, aiming to support clients at all financial stages.

First Foundation Inc. (NASDAQ: FFWM) will announce its third quarter 2021 earnings on October 26, prior to market opening. A conference call will occur at 11:00 AM ET, featuring CEO Scott F. Kavanaugh and CFO Kevin Thompson discussing financial results. The earnings report and accompanying slide presentation will be accessible on the company's investor relations website. Investors can participate via live internet broadcast or telephone, with a replay option available afterward.

First Foundation Bank, (NASDAQ: FFWM), has partnered with 360factors, Inc. to implement the Predict360 risk and compliance intelligence platform. This $7.1 billion bank aims to enhance its compliance management, regulatory change management, and monitoring programs. Chief Risk Officer Hugo Nuno expressed the need for a modern solution to proactively manage regulatory changes efficiently. CEO Carl L. McCauley highlighted the cloud-native, A.I.-driven technology of Predict360 as a significant advantage over legacy systems.

First Foundation Inc. (NASDAQ: FFWM) expands its Commercial Banking team in Los Angeles by appointing Matthew Ashworth as SVP, Director of Commercial Banking, Leeza Jinian as SVP, Commercial Banking Manager, and Yenee Mesfin as SVP, Commercial Banker. Michael Berry has been promoted to lead Corporate Banking and Commercial Banking Teams. These appointments aim to enhance client service and growth in LA's commercial banking sector. Each new team member brings over a decade of experience in commercial banking, reinforcing First Foundation's presence in this key market.

First Foundation Inc. (NASDAQ: FFWM) announced its financial results for Q2 2021, highlighting its consolidated earnings and operational updates. The company provides a range of financial services, including personal and business banking, as well as wealth management. A detailed earnings report and investor presentation are available online. CEO Scott F. Kavanaugh and CFO Kevin Thompson will discuss the results in a live webcast scheduled for today at 8 a.m. PT. First Foundation operates in California, Texas, Nevada, and Hawaii, focusing on personalized financial services.