First Foundation Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

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
Cash & Equivalents	124.87	1,016	1,327	656.49	1,122
Investment Securities	147.82	181.18	182.24	201.99	236.98
Trading Asset Securities	8.79	5.09	-	-	-
Mortgage-Backed Securities	2,917	1,845	911.77	886.72	954.39
Total Investments	3,074	2,031	1,094	1,089	1,191
Gross Loans	6,729	7,941	10,178	10,726	6,907
Allowance for Loan Losses	-93.85	-32.3	-29.21	-33.73	-33.78
Net Loans	6,635	7,909	10,149	10,692	6,873
Property, Plant & Equipment	53.13	58.12	66.38	67.35	57.3
Goodwill	-	-	-	215.25	213.63
Other Intangible Assets	2.4	3.56	4.95	6.58	8.5
Loans Held for Sale	261.45	1,286	-	-	501.44
Accrued Interest Receivable	45.82	54.8	54.16	51.36	-
Other Receivables	-	-	-	-	6
Restricted Cash	1,500	-	-	-	-
Long-Term Deferred Tax Assets	-	76.65	29.14	24.2	20.84
Other Real Estate Owned & Foreclosed	6.21	6.21	8.38	6.21	6.21
Other Long-Term Assets	157.66	165.94	570.38	180.21	177.96
Total Assets	11,904	12,645	13,327	13,014	10,196

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
Accounts Payable	44.46	65.47	65.57	114.84	89.49
Interest Bearing Deposits	7,867	7,686	8,767	7,190	5,165
Institutional Deposits	181.99	227.69	454.61	436	367
Non-Interest Bearing Deposits	1,236	1,957	1,468	2,737	3,280
Total Deposits	9,285	9,870	10,689	10,363	8,812
Short-Term Borrowings	37.44	25	224	976	165
Current Portion of Long-Term Debt	-	-	-	20	-
Current Portion of Leases	6.79	-	-	-	-
Accrued Interest Payable	24.7	27.7	36.7	-	-
Long-Term Debt	173.54	173.83	458.45	373.94	45.13
Federal Home Loan Bank Debt, Long-Term	1,400	1,400	900	-	-
Long-Term Leases	17.49	28.32	28.25	32.42	20.58
Other Long-Term Liabilities	2.5	1.3	-	-	-
Total Liabilities	10,991	11,592	12,402	11,880	9,132

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
Preferred Stock, Convertible	86.8	87.65	-	-	-
Common Stock	0.08	0.08	0.06	0.06	0.06
Additional Paid-In Capital	855.27	849.51	720.9	719.61	720.74
Retained Earnings	-30.12	125.04	218.58	426.66	340.98
Comprehensive Income & Other	0.56	-8.92	-14.19	-11.94	2.28
Total Common Equity	825.79	965.71	925.34	1,134	1,064
Shareholders' Equity	912.59	1,053	925.34	1,134	1,064
Total Liabilities & Equity	11,904	12,645	13,327	13,014	10,196

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
Total Debt	1,635	1,627	1,611	1,402	230.7
Net Cash (Debt)	-1,502	-605.93	-284.07	-745.86	891.06
Net Cash Growth	-	-	-	-	147.03%
Net Cash Per Share	-18.20	-9.24	-5.03	-13.20	19.60
Filing Date Shares Outstanding	82.93	82.37	56.47	56.35	56.43
Total Common Shares Outstanding	82.88	82.37	56.47	56.33	56.43
Book Value Per Share	9.96	11.72	16.39	20.14	18.86
Tangible Book Value	823.39	962.16	920.4	912.54	841.93
Tangible Book Value Per Share	9.93	11.68	16.30	16.20	14.92

SEC Filings: 10-K · 10-Q