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First Foundation Inc (FFWM.OQ)

FFWM.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

First Foundation Reports Q4 EPS Of $0.06
Wednesday, 31 Jan 2018 09:00am EST 

Jan 31 (Reuters) - First Foundation Inc ::FIRST FOUNDATION ANNOUNCES 2017 FINANCIAL RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $0.25.Q4 EARNINGS PER SHARE VIEW $0.25 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE $0.06.QTRLY TOTAL REVENUES WERE $42.6 MILLION, AN INCREASE OF 31%​.QTRLY ‍ NET INTEREST INCOME WAS $31.2 MILLION, AN INCREASE OF 25%​.SEES ‍2018 LOAN ORIGINATIONS CONSISTENT WITH 2017 LEVELS AND NET YIELD ON INTEREST EARNING ASSETS BETWEEN 2.80% AND 2.95%​.FIRST FOUNDATION - ‍ 2018 OUTLOOK BASED ON, AMONG OTHER THINGS, ASSUMPTION THAT FEDERAL RESERVE BOARD WILL INCREASE RATES TWICE DURING 2018​.  Full Article

First Foundation To Acquire Premier Business Bank
Tuesday, 19 Dec 2017 09:00am EST 

Dec 19 (Reuters) - First Foundation Inc ::FIRST FOUNDATION TO ACQUIRE PREMIER BUSINESS BANK.FIRST FOUNDATION INC - ‍ TRANSACTION, HAS BEEN UNANIMOUSLY APPROVED BY EACH COMPANY'S BOARD OF DIRECTORS​.FIRST FOUNDATION - PBB BANCORP SHAREHOLDERS WILL RECEIVE 1.05 SHARES OF FIRST FOUNDATION COMMON STOCK IN EXCHANGE FOR EACH SHARE OF PBB BANCORP.FIRST FOUNDATION INC - ‍ 100% STOCK TRANSACTION IS VALUED AT APPROXIMATELY $106 MILLION IN AGGREGATE​.FIRST FOUNDATION INC - ‍TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CO'S EPS (EXCLUDING APPROXIMATELY $5.1 MILLION OF ONE-TIME EXPENSES)​.FIRST FOUNDATION INC - ‍TRANSACTION WILL NOT REQUIRE ANY SUPPLEMENTAL FINANCING​.FIRST FOUNDATION - AT CLOSING, TRANSACTION EXPECTED TO BE ABOUT 3.6% DILUTIVE TO FIRST FOUNDATION'S TANGIBLE BOOK VALUE PER SHARE.FIRST FOUNDATION - ESTIMATED TANGIBLE BOOK VALUE EARN-BACK PERIOD IS 3.8 YEARS.  Full Article

First foundation reports Q3 EPS 27 cents
Wednesday, 25 Oct 2017 09:00am EDT 

Oct 25 (Reuters) - First Foundation Inc :First foundation announces 2017 third quarter financial results.Q3 earnings per share $0.27.Q3 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.‍Assets under management at FFA increased by $585 million in first nine months of 2017 and totaled $4.2 billion at September 30, 2017​.Qtrly ‍net interest income $28.4 million versus $23.2 million.  Full Article

First Foundation reports Q2 earnings per share $0.28
Wednesday, 26 Jul 2017 09:00am EDT 

July 26 (Reuters) - First Foundation Inc ::First foundation announces 2017 second quarter financial results.Q2 earnings per share $0.28.Q2 earnings per share view $0.21 -- Thomson Reuters I/B/E/S.First Foundation Inc - qtrly net interest income was $27.9 million, an increase of 27pct.  Full Article

First Foundation to acquire Community 1st Bank for about $50 mln
Thursday, 15 Jun 2017 09:00am EDT 

June 15 (Reuters) - Community 1st Bank -:First Foundation to acquire Community 1st Bank.First Foundation - deal is valued at approximately $50.4 million in aggregate.First Foundation - at closing, transaction is expected to be about 2.5% dilutive to co's tangible book value per share with an estimated tangible book value earn-back period of 3.6 years.First Foundation Inc - upon closing of transaction, community 1st bank will be merged with and into first foundation bank.  Full Article

First Foundation announces increase in availability under loan agreement
Monday, 22 May 2017 09:00am EDT 

May 22 (Reuters) - First Foundation Inc :First Foundation announces increase in availability under loan agreement.First Foundation Inc says entered into first amendment which amends loan agreement, dated as of February 8, 2017 with NexBank SSB.First amendment increases maximum amount of loan by $25 million, after which maximum principal outstanding balance of loan is $50 million.  Full Article

First Foundation Q1 earnings per share $0.18
Monday, 24 Apr 2017 09:00am EDT 

April 24 (Reuters) - First Foundation Inc ::First foundation announces 2017 first quarter financial results.Q1 earnings per share $0.18.Q1 earnings per share view $0.17 -- Thomson Reuters I/B/E/S.Qtrly net interest income $26.1 million versus $19.4 million.  Full Article

First Foundation Inc posts Q4 earnings per share $0.19
Monday, 6 Feb 2017 09:00am EST 

First Foundation Inc: Says Q4 total revenues were $32.6 million, an increase of 22% . First foundation announces 2016 financial results . Q4 earnings per share $0.19 . Q4 earnings per share view $0.13 -- Thomson Reuters I/B/E/S .Q4 revenue view $31.3 million -- Thomson Reuters I/B/E/S.  Full Article

First Foundation announces two-for-one stock split
Thursday, 22 Dec 2016 09:00am EST 

First Foundation Inc : Additional shares issued in stock split are expected to be distributed on January 18, 2017 . Board has declared two-for-one stock split to be effected in form of a stock dividend on its common stock .First foundation announces two-for-one stock split.  Full Article

First foundation files for mixed shelf of up to $200 mln
Tuesday, 6 Dec 2016 05:08pm EST 

First Foundation Inc :Files for mixed shelf of up to $200 million - SEC filing.  Full Article

BRIEF-First Foundation Q1 Earnings Per Share $0.23

* FIRST FOUNDATION ANNOUNCES 2018 FIRST QUARTER FINANCIAL RESULTS