First Foundation Announces 2017 Second Quarter Financial Results

  • Earnings per diluted share of $0.28 for the second quarter, $0.46 for the first six months
  • Strong growth in revenues 40% and income 146%
  • Another quarter of strong loan and deposit growth

 

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), announced today its financial results for the quarter and six months ended June 30, 2017.

Posted 07/26/2017 Read More >

First Foundation Bank Appoints Larry Scarpone as Vice President, Credit Manager of Equipment Finance

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today they have hired Larry Scarpone as Vice President, Credit Manager of the bank’s Equipment Finance department.

Posted 07/06/2017 Read More >

First Foundation to Acquire Community 1st Bank

IRVINE, Calif. & AUBURN, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, and Community 1st Bancorp (OTCBB: CFBN) today announced the signing of a definitive merger agreement under which First Foundation will acquire Community 1st Bancorp.

Posted 06/15/2017 Read More >

First Foundation Announces Increase in Availability Under Loan Agreement

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank (“FFB”), today announced that it entered into the First Amendment which amends the Loan Agreement, dated as of February 8, 2017 with NexBank SSB, a Texas savings bank, to increase the maximum amount of the loan by $25,000,000, after which the maximum principal outstanding balance of the loan is $50,000,000. No other changes were made in the terms under this Loan Agreement.

Posted 05/22/2017 Read More >

First Foundation Announces Recipients of 2017 ‘Supporting Our Communities’ Award

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the recipients of ‘Supporting Our Communities,’ a philanthropic initiative that aids local charitable organizations.

Posted 05/16/2017 Read More >

First Foundation Announces 2017 First Quarter Financial Results

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), announced today its financial results for the quarter ended March 31, 2017.

“First Foundation experienced another quarter of strong results,” said Scott F. Kavanaugh, CEO. “We have seen significant growth in our wealth management activities, and we continue to grow our loan portfolio while maintaining excellent credit quality.”

Highlights

Posted 04/24/2017 Read More >

First Foundation Bank Appoints Kori Dolkas and Justin Stewart as Vice President, Branch Managers of Two of its California Locations

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointments of Kori Dolkas and Justin Stewart as Vice President, Branch Managers located at the bank’s San Diego and Oakland locations, respectively.

Posted 04/20/2017 Read More >

First Foundation to Participate in Raymond James 38th Annual Institutional Investors Conference

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced that CEO, Scott F. Kavanaugh, is scheduled to speak at the Raymond James 38th Annual Institutional Investors Conference in Orlando, FL, at the JW Marriott Orlando Grande Lakes.

Mr. Kavanaugh will present at 8:05 a.m. ET on Monday, March 6, 2017 and will meet with institutional investors during the conference.

Posted 02/28/2017 Read More >

First Foundation Announces Launch of At-The-Market Equity Offering

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the initiation of an up to $80 million “at-the-market” equity offering program through the filing of a prospectus supplement to its existing shelf registration statement on Form S-3, which was filed on December 6, 2016. An equity distribution agreement was executed today for the $80 million “at-the-market” equity offering program.

Posted 02/16/2017 Read More >

First Foundation Announces 2016 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), announced today its financial results for the quarter and year ended December 31, 2016.

Posted 02/06/2017 Read More >

First Foundation Advisors Appoint Daniel Fan as Director of Wealth Planning

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today they have appointed Daniel Fan as Director of Wealth Planning. In his new role, Fan will oversee the firm’s Wealth Planning department and advise clients on sophisticated wealth strategies. He will work closely with First Foundation’s financial advisors to optimize existing clients’ wealth plans and develop new relationships by helping clients achieve their financial goals.

Posted 01/24/2017 Read More >

First Foundation Bank Appoints Nathan Holt as Assistant Vice President, Branch Manager of Las Vegas Location

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today they have hired Nathan Holt as Assistant Vice President, Branch Manager at the bank’s Las Vegas location.

Posted 01/20/2017 Read More >

First Foundation Announces Two-for-One Stock Split

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that its Board of Directors has declared a two-for-one stock split to be effected in the form of a stock dividend on its common stock. Stockholders of record as of the close of business on January 4, 2017 will be entitled to receive one additional share of First Foundation common stock for each share of common stock held.

Posted 12/22/2016 Read More >

First Foundation Completes Branch Acquisition Transaction

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the completion of the previously announced acquisition of two branches with approximately $180 million in deposits from Pacific Western Bank. The branches are located in Laguna Hills and Seal Beach, California.

Posted 12/12/2016 Read More >

First Foundation Appoints Shelly O’Byrne as Senior Vice President, Director of Trust Services

IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced they have appointed Shelly O’Byrne as Senior Vice President, Director of Trust Services.

In this role, O’Byrne will be located in the firm’s headquarters in Irvine, CA, and will oversee the Trust department by leading the team, supporting existing client relationships, and furthering the growth and development of new connections.

Posted 12/02/2016 Read More >