First Foundation Inc. (FFWM)

First Foundation 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	415.07	474.32	488.72	370.08	224.82	216.8
Interest Income on Investments	151.01	136.67	84.97	33.8	22.4	27.09
Total Interest Income	566.08	611	573.69	403.88	247.22	243.89
Interest Paid on Deposits	296.08	358.52	310.76	61.85	13.45	39.43
Interest Paid on Borrowings	70.73	69.84	60.63	23.34	0.48	7.82
Total Interest Expense	366.81	428.35	371.39	85.19	13.93	47.25
Net Interest Income	199.27	182.64	202.31	318.69	233.28	196.64
Net Interest Income Growth (YoY)	14.64%	-9.72%	-36.52%	36.61%	18.63%	15.70%
Trust Income	35.43	36.23	35.27	38.79	36.02	29.47
Gain (Loss) on Sale of Investments	5.73	1	2.3	6.26	-	-
Other Non-Interest Income	16.68	-108.85	11.78	3.19	12.97	10.04
Total Non-Interest Income	51.83	-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	251.1	116.77	251.66	366.92	303.74	251.29
Provision for Loan Losses	91.48	20.7	-0.48	0.53	3.87	6.75
Revenue	159.62	96.07	252.14	366.39	299.87	244.55
Revenue Growth (YoY)	47.55%	-61.90%	-31.18%	22.18%	22.62%	16.96%
Salaries and Employee Benefits	95.16	81.96	82.62	106.76	85.15	71.79
Occupancy Expenses	29.43	30.84	29.36	28.6	18.42	17.81
Selling, General & Administrative	34.44	26.61	24.3	24.77	21.54	16.2
Other Non-Interest Expense	87.08	94.04	100.66	56.47	20.37	19.97
Total Non-Interest Expense	246.12	233.45	236.95	216.59	145.48	125.78
EBT Excluding Unusual Items	-86.5	-137.38	15.19	149.8	154.39	118.77
Pretax Income	-86.5	-137.38	-200.06	149.8	151.79	118.77
Income Tax Expense	74.73	-44.97	-1	39.29	42.27	34.4
Net Income	-161.23	-92.41	-199.06	110.51	109.51	84.37
Net Income to Common	-161.23	-92.41	-199.06	110.51	109.51	84.37
Net Income Growth	-	-	-	0.91%	29.80%	50.02%
Basic Shares Outstanding	82	66	56	56	45	45
Diluted Shares Outstanding	82	66	56	56	45	45
Shares Change (YoY)	39.31%	16.25%	-0.11%	24.26%	1.24%	-0.02%
EPS (Basic)	-1.96	-1.41	-3.53	1.96	2.42	1.89
EPS (Diluted)	-1.97	-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 Oct 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q