First Foundation Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	388.47	474.32	488.72	370.08	224.82
Interest Income on Investments	152.52	136.67	84.97	33.8	22.4
Total Interest Income	540.99	611	573.69	403.88	247.22
Interest Paid on Deposits	283.93	358.52	310.76	61.85	13.45
Interest Paid on Borrowings	69.66	69.84	60.63	23.34	0.48
Total Interest Expense	353.59	428.35	371.39	85.19	13.93
Net Interest Income	187.4	182.64	202.31	318.69	233.28
Net Interest Income Growth (YoY)	2.61%	-9.72%	-36.52%	36.61%	18.63%
Trust Income	34.37	36.23	35.27	38.79	36.02
Gain (Loss) on Sale of Investments	5.93	1	2.3	6.26	-
Other Non-Interest Income	16.64	-108.85	11.78	3.19	12.97
Total Non-Interest Income	47.37	-65.87	49.35	48.23	70.45
Non-Interest Income Growth (YoY)	-	-	2.32%	-31.54%	28.92%
Revenues Before Loan Losses	234.78	116.77	251.66	366.92	303.74
Provision for Loan Losses	64.31	20.7	-0.48	0.53	3.87
Revenue	170.47	96.07	252.14	366.39	299.87
Revenue Growth (YoY)	77.44%	-61.90%	-31.18%	22.18%	22.62%
Salaries and Employee Benefits	96.65	81.96	82.62	106.76	85.15
Occupancy Expenses	34.7	30.84	29.36	28.6	18.42
Selling, General & Administrative	33.19	26.61	24.3	24.77	21.54
Other Non-Interest Expense	77.48	94.04	100.66	56.47	20.37
Total Non-Interest Expense	242.02	233.45	236.95	216.59	145.48
EBT Excluding Unusual Items	-71.55	-137.38	15.19	149.8	154.39
Pretax Income	-71.55	-137.38	-200.06	149.8	151.79
Income Tax Expense	83.61	-44.97	-1	39.29	42.27
Net Income	-155.16	-92.41	-199.06	110.51	109.51
Net Income to Common	-155.16	-92.41	-199.06	110.51	109.51
Net Income Growth	-	-	-	0.91%	29.80%
Basic Shares Outstanding	83	66	56	56	45
Diluted Shares Outstanding	83	66	56	56	45
Shares Change (YoY)	25.77%	16.25%	-0.11%	24.26%	1.24%
EPS (Basic)	-1.88	-1.41	-3.53	1.96	2.42
EPS (Diluted)	-1.88	-1.41	-3.53	1.96	2.41
EPS Growth	-	-	-	-18.73%	28.19%
Dividend Per Share	-	0.010	0.160	0.440	0.360
Dividend Growth	-	-93.75%	-63.64%	22.22%	28.57%
Effective Tax Rate	-	-	-	26.23%	27.85%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.