First Foundation Inc. (FFWM)

Model N Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	442.3	474.32	488.72	370.08	224.82	216.8
Interest Income on Investments	146.2	136.67	84.97	33.8	22.4	27.09
Total Interest Income	588.5	611	573.69	403.88	247.22	243.89
Interest Paid on Deposits	313.27	358.52	310.76	61.85	13.45	39.43
Interest Paid on Borrowings	72.91	69.84	60.63	23.34	0.48	7.82
Total Interest Expense	386.19	428.35	371.39	85.19	13.93	47.25
Net Interest Income	202.31	182.64	202.31	318.69	233.28	196.64
Net Interest Income Growth (YoY)	14.44%	-9.72%	-36.52%	36.61%	18.63%	15.70%
Trust Income	35.95	36.23	35.27	38.79	36.02	29.47
Gain (Loss) on Sale of Investments	4.5	1	2.3	6.26	-	-
Other Non-Interest Income	-105.71	-108.85	11.78	3.19	12.97	10.04
Total Non-Interest Income	-71.27	-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	131.04	116.77	251.66	366.92	303.74	251.29
Provision for Loan Losses	26.71	20.7	-0.48	0.53	3.87	6.75
Revenue	104.33	96.07	252.14	366.39	299.87	244.55
Revenue Growth (YoY)	-54.78%	-61.90%	-31.18%	22.18%	22.62%	16.96%
Salaries and Employee Benefits	91.46	81.96	82.62	106.76	85.15	71.79
Occupancy Expenses	29.51	30.84	29.36	28.6	18.42	17.81
Selling, General & Administrative	32.7	26.61	24.3	24.77	21.54	16.2
Other Non-Interest Expense	95.19	94.04	100.66	56.47	20.37	19.97
Total Non-Interest Expense	248.86	233.45	236.95	216.59	145.48	125.78
EBT Excluding Unusual Items	-144.53	-137.38	15.19	149.8	154.39	118.77
Pretax Income	-144.53	-137.38	-200.06	149.8	151.79	118.77
Income Tax Expense	-47.46	-44.97	-1	39.29	42.27	34.4
Net Income	-97.08	-92.41	-199.06	110.51	109.51	84.37
Net Income to Common	-97.08	-92.41	-199.06	110.51	109.51	84.37
Net Income Growth	-	-	-	0.91%	29.80%	50.02%
Basic Shares Outstanding	79	66	56	56	45	45
Diluted Shares Outstanding	79	66	56	56	45	45
Shares Change (YoY)	39.05%	16.25%	-0.11%	24.26%	1.24%	-0.02%
EPS (Basic)	-1.24	-1.41	-3.53	1.96	2.42	1.89
EPS (Diluted)	-1.24	-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 Jul 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q