First Foundation Inc. (FFWM)

First Foundation Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	474.32	488.72	370.08	224.82	216.8
Interest Income on Investments	136.67	84.97	33.8	22.4	27.09
Total Interest Income	611	573.69	403.88	247.22	243.89
Interest Paid on Deposits	358.52	310.76	61.85	13.45	39.43
Interest Paid on Borrowings	69.84	60.63	23.34	0.48	7.82
Total Interest Expense	428.35	371.39	85.19	13.93	47.25
Net Interest Income	182.64	202.31	318.69	233.28	196.64
Net Interest Income Growth (YoY)	-9.72%	-36.52%	36.61%	18.63%	15.70%
Trust Income	36.23	35.27	38.79	36.02	29.47
Gain (Loss) on Sale of Investments	1	2.3	6.26	-	-
Other Non-Interest Income	-108.85	11.78	3.19	12.97	10.04
Total Non-Interest Income	-65.87	49.35	48.23	70.45	54.65
Non-Interest Income Growth (YoY)	-	2.32%	-31.54%	28.92%	30.81%
Revenues Before Loan Losses	116.77	251.66	366.92	303.74	251.29
Provision for Loan Losses	20.7	-0.48	0.53	3.87	6.75
Revenue	96.07	252.14	366.39	299.87	244.55
Revenue Growth (YoY)	-61.90%	-31.18%	22.18%	22.62%	16.96%
Salaries and Employee Benefits	81.96	82.62	106.76	85.15	71.79
Occupancy Expenses	30.84	29.36	28.6	18.42	17.81
Selling, General & Administrative	26.61	24.3	24.77	21.54	16.2
Other Non-Interest Expense	94.04	100.66	56.47	20.37	19.97
Total Non-Interest Expense	233.45	236.95	216.59	145.48	125.78
EBT Excluding Unusual Items	-137.38	15.19	149.8	154.39	118.77
Pretax Income	-137.38	-200.06	149.8	151.79	118.77
Income Tax Expense	-44.97	-1	39.29	42.27	34.4
Net Income	-92.41	-199.06	110.51	109.51	84.37
Net Income to Common	-92.41	-199.06	110.51	109.51	84.37
Net Income Growth	-	-	0.91%	29.80%	50.02%
Basic Shares Outstanding	66	56	56	45	45
Diluted Shares Outstanding	66	56	56	45	45
Shares Change (YoY)	16.25%	-0.11%	24.26%	1.24%	-0.02%
EPS (Basic)	-1.41	-3.53	1.96	2.42	1.89
EPS (Diluted)	-1.41	-3.53	1.96	2.41	1.88
EPS Growth	-	-	-18.73%	28.19%	50.40%
Dividend Per Share	0.010	0.160	0.440	0.360	0.280
Dividend Growth	-93.75%	-63.64%	22.22%	28.57%	40.00%
Effective Tax Rate	-	-	26.23%	27.85%	28.96%

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q