FFWM
First Foundation Inc.6.21
+0.07+1.14%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
514.71MP/E (TTM)
-Basic EPS (TTM)
-1.90Dividend Yield
0%Recent Filings
10-K
FY2025 results
First Foundation Inc. closed FY2025 ended December 31, 2025 with $11.9B assets, $7.0B loans, and $9.3B deposits, down 5.9% from prior year amid $1.1B multifamily loan sales that trimmed concentrations. Net loss hit $155M versus $92M last year, stung by $64M credit provision from ACL model tweaks amid economic uncertainty and $84M tax hit from full DTA valuation allowance; NIM expanded to 1.58% from 1.40% as deposit costs eased. Q4 accelerated deposit shifts with $1B high-cost MSR runoff, boosting liquidity to 13.6% of assets while AUM held $5.1B. No buybacks or dividends; pending FirstSun merger eyes April 2026 close. Yet banking runs hot on CRE exposure.
8-K
Merger clears final regulator
First Foundation secured Federal Reserve approval for its merger into FirstSun, completing all bank regulatory nods after OCC and stockholder clearances. Closure targeted for April 1, 2026, pending customary conditions. All approvals secured. Risks linger from potential closing delays or termination rights.
8-K
Stockholders approve FirstSun merger
First Foundation stockholders overwhelmingly approved the merger with FirstSun Capital Bancorp on February 27, 2026, with 63 million votes for versus just 37,000 against. They also backed executive compensation and FirstSun's charter amendments to boost authorized shares. Merger now clears key hurdle.
8-K
OCC greenlights bank merger
First Foundation secured OCC approval on February 25, 2026, for merging First Foundation Bank into Sunflower Bank, advancing its merger with FirstSun under their October 27, 2025 agreement. Stockholder votes loom February 27; Fed approval and closing conditions remain. Merger eyed for early Q2 2026. Risks include approval failures.
8-K
Merger amendment restricts conversions
First Foundation and FirstSun amended their October 2025 merger agreement on February 6, 2026, tweaking the non-voting common stock conversion rules to restrict elective conversions to cases where FirstSun's actions dilute holder voting ownership—and only up to prior levels. No changes to merger consideration, exchange ratio, or economics. Regulatory compliance tightened. Deal terms hold firm.
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