First Foundation Inc
NYSE:FFWM
First Foundation Inc
First Foundation, Inc. is a bank holding, which engages in the provision of comprehensive platform of financial services to individuals, businesses, and organizations. The company is headquartered in Irvine, California and currently employs 674 full-time employees. The company went IPO on 2014-11-03. The firm provides a platform of financial services to individuals, businesses and other organizations. The firm conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and FFB’s wholly owned subsidiaries, First Foundation Insurance Services (FFIS), First Foundation Public Finance (FFPF) and Blue Moon Management, LLC. The company operates through two segments: Banking and Wealth Management. Its Banking segment includes the operations of FFB, FFIS, FFPF, and Blue Moon Management LLC and Wealth Management segment includes the operations of FFA. FFB offers a range of loan products, deposit products, treasury management products and services, and trust services. FFA provides investment advisory and wealth management services primarily to individuals and their families, family businesses and other affiliated organizations. The company operates in California, Nevada, Florida, and Hawaii.
First Foundation, Inc. is a bank holding, which engages in the provision of comprehensive platform of financial services to individuals, businesses, and organizations. The company is headquartered in Irvine, California and currently employs 674 full-time employees. The company went IPO on 2014-11-03. The firm provides a platform of financial services to individuals, businesses and other organizations. The firm conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and FFB’s wholly owned subsidiaries, First Foundation Insurance Services (FFIS), First Foundation Public Finance (FFPF) and Blue Moon Management, LLC. The company operates through two segments: Banking and Wealth Management. Its Banking segment includes the operations of FFB, FFIS, FFPF, and Blue Moon Management LLC and Wealth Management segment includes the operations of FFA. FFB offers a range of loan products, deposit products, treasury management products and services, and trust services. FFA provides investment advisory and wealth management services primarily to individuals and their families, family businesses and other affiliated organizations. The company operates in California, Nevada, Florida, and Hawaii.
Net Loss: First Foundation reported a net loss of $7.7 million for Q2 2025, a reversal from positive net income of $6.9 million in Q1.
CRE Loan Reduction: The company reduced its commercial real estate (CRE) concentration to 365% of regulatory capital, down from over 600%, through loan sales and securitization.
Deposit Optimization: $975 million in higher-cost deposits were paid down, helping to lower overall deposit costs to 2.95% from 3.04% in the prior quarter.
NIM Guidance Reiterated: Management reaffirmed expectations for net interest margin to reach 1.8%–1.9% by the end of 2025 and 2.1%–2.2% by Q4 2026.
Stable Credit Quality: Nonperforming loans remained low, and the allowance for credit losses (ACL) increased slightly to 50 basis points.
Digital Banking Growth: Digital banking deposits surpassed $1 billion, now making up 12% of total deposits.
Management Changes: Several executive departures occurred, but new leadership hires are in progress.
