First Foundation Inc.
NASDAQ•FFWM
CEO: Mr. Christopher M. Naghibi Esq.
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2014-11-03
First Foundation Inc., through its subsidiaries, provides banking services, investment advisory, wealth management, and trust services to individuals, businesses, and other organizations in the United States. The company operates in two segments, Banking and Wealth Management. It offers a range of deposit products, including personal and business checking accounts, savings accounts, interest-bearing demand deposit accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, commercial term loans, and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits. The company also provides various specialized services comprising trust services, online and mobile banking, remote deposit capture services, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services and equipment financing solutions. In addition, it offers investment management and financial planning services; financial, investment, and economic advisory and related services; and treasury management services, such as bill pay, check/payee/ACH positive pay, wire origination, internal and external transfers, account reconciliation reporting, mobile deposit, lockbox, cash vault services and merchant processing. Further, the company provides support services, including the processing and transmission of financial and economic data for charitable organizations. It operates through a network of branch offices and loan production offices. The company was founded in 1985 and is headquartered in Dallas, Texas.
Contact Information
200 Crescent Court, Suite 1400, Dallas, TX, 75201, United States
469-638-9636
Market Cap
$426.64M
P/E (TTM)
-2.6
14.1
Dividend Yield
--
52W High
$8.52
52W Low
$4.42
52W Range
3.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$134.74M+313.03%
4-Quarter Trend
EPS
-$1.78+44.71%
4-Quarter Trend
FCF
$0.00+0.00%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Net Interest Margin Improvement NIM rose to 1.65% for nine months ended September 30, 2025, driven by higher yields on earning assets despite lower average balances.
Significant Credit Provisioning Surge Provision for credit losses surged to $70.8M YTD 2025, resulting in a substantial net loss of $147.1M for the nine-month period.
Strengthened Capital Adequacy CET1 ratio improved to 11.27% and Total Risk-Based Capital ratio reached 13.34% by September 30, 2025, exceeding minimums.
Merger Agreement Executed Agreement signed October 27, 2025, to merge with FirstSun Capital Bancorp, with expected closing early in the second quarter of 2026.
Risk Factors
ACL Model Assumption Changes Revised ACL methodology in Q3 2025 increased allowance by $64.4M due to economic uncertainty and specific loan downgrades observed.
Asset Quality Deterioration Total nonaccrual loans reached $57.4M; a large C&I loan downgrade contributed significantly to the required increase in the ACL.
Deposit Base Outflows Total deposits decreased by $577M YTD 2025; loan-to-deposit ratio improved to 83.6% but reflects deposit base contraction.
Merger Integration Uncertainty Regulatory approvals, potential limitations, and integration risks could negatively impact combined company operations and anticipated transaction benefits.
Outlook
ACL Reversion Impact Noted Q3 2025 reversion to 50/50 historical/peer data weighting drove an ACL increase because historical losses were lower than peer losses.
CRE LGD Floor Increased LGD floor increased from 5% to 10% for multifamily and CRE portfolios due to declining rental property prices and rising vacancy rates.
Liquidity Position Maintained Available liquidity ratio was 51.4%, remaining above the 25% minimum policy requirement despite net cash usage in operating activities.
NOL Tax Attribute Limitation Merger may trigger Section 382 ownership change rules, potentially limiting future utilization of net operating loss carryforwards and tax attributes.
Peer Comparison
Revenue (TTM)
$554.56M
$433.55M
$414.78M
Gross Margin (Latest Quarter)
100.0%
UNTY51.2%
ACNB0.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FFIC | $518.16M | -15.4 | -4.8% | 6.1% |
| NRIM | $515.82M | 8.2 | 21.9% | 0.2% |
| BHB | $494.48M | 13.3 | 7.5% | 4.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.1%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Research & Insights
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 10, 2025|Revenue: $134.74M+313.0%|EPS: $-1.78+44.7%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 11, 2025|Revenue: $125.48M-15.5%|EPS: $-0.09-286.6%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 9, 2025|Revenue: $146.29M-4.0%|EPS: $0.08+737.0%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 17, 2025|Revenue: $481.54M-11.8%|EPS: $-1.41+60.1%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 8, 2024|Revenue: $32.62M-75.2%|EPS: $-1.23-3175.0%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $148.47M+7.3%|EPS: $0.05-101.3%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 9, 2024|Revenue: $152.40M+15.5%|EPS: $0.01-93.3%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 28, 2024|Revenue: $546.24M+32.0%|EPS: $-3.53-280.1%Miss