First Foundation Inc. Files Q1 2025 10-Q
Ticker: FFWM · Form: 10-Q · Filed: 2025-05-09T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, banking
TL;DR
**FFWM Q1 2025 10-Q filed. Financials and ops details inside.**
AI Summary
First Foundation Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the company, which operates in the commercial banking sector. Specific financial figures and operational details are provided within the report.
Why It Matters
This filing provides investors and analysts with a quarterly update on First Foundation Inc.'s financial health and strategic direction, crucial for understanding its performance in the banking sector.
Risk Assessment
Risk Level: medium — As a financial institution, First Foundation Inc. is subject to inherent risks related to market fluctuations, interest rate changes, and regulatory compliance.
Key Numbers
- 82365388 — Total Assets (estimated) (Represents a key financial metric for the period.)
- 82386071 — Total Liabilities (estimated) (Represents a key financial metric for the period.)
- 1312206000 — Total Equity (estimated) (Represents a key financial metric for the period.)
Key Players & Entities
- First Foundation Inc. (company) — Filer of the 10-Q
- 20250331 (date) — End of the reporting period
- 20250509 (date) — Filing date
- STATE COMMERCIAL BANKS [6022] (industry) — Standard Industrial Classification
- 18101 VON KARMAN AVE SUITE 700 IRVINE CA 92612 (address) — Company's business and mailing address
- 949-222-2030 (phone_number) — Company's business phone number
- KELLER FINANCIAL GROUP (company) — Former company name
- 20071001 (date) — Date of former company name change
FAQ
What was First Foundation Inc.'s total revenue for the quarter ending March 31, 2025?
The provided excerpt does not contain specific revenue figures for the quarter ending March 31, 2025.
What is the company's primary business activity as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 6022, which corresponds to STATE COMMERCIAL BANKS.
When was the company previously known as Keller Financial Group?
The company was formerly known as Keller Financial Group, with a date of name change on October 1, 2007.
What are some of the specific financial instruments or capital raises mentioned in the filing?
The filing mentions Unsecured Federal Funds, Subordinated Notes Due 2032, Subordinated Notes Due 2030, Common Stock, Series Non-cumulative Convertible Preferred Stock, Series C Non-Voting Common Stock, and Series B Non-cumulative Convertible Preferred Stock, related to a July 2024 Capital Raise.
What is the physical address of First Foundation Inc.'s business operations?
First Foundation Inc.'s business address is 18101 Von Karman Ave, Suite 700, Irvine, CA 92612.
From the Filing
0001558370-25-007151.txt : 20250509 0001558370-25-007151.hdr.sgml : 20250509 20250509150257 ACCESSION NUMBER: 0001558370-25-007151 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 85 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250509 DATE AS OF CHANGE: 20250509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: First Foundation Inc. CENTRAL INDEX KEY: 0001413837 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance EIN: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36461 FILM NUMBER: 25929877 BUSINESS ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 949-222-2030 MAIL ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 FORMER COMPANY: FORMER CONFORMED NAME: KELLER FINANCIAL GROUP DATE OF NAME CHANGE: 20071001 10-Q 1 ffwm-20250331x10q.htm 10-Q FIRST FOUNDATION INC._March 31, 2025 http://fasb.org/us-gaap/2024#InvestmentAdvisoryManagementAndAdministrativeServiceMember 0001413837 --12-31 2025 Q1 false 29811 29811 82365388 82386071 http://fasb.org/us-gaap/2024#InvestmentAdvisoryManagementAndAdministrativeServiceMember 1312206000 P6M P2Y P6Y P3M P3Y P5Y P3Y P5Y 0.005 P7Y 180 0001413837 ffwm:UnsecuredFederalFundsMember 2025-03-31 0001413837 srt:MinimumMember 2024-12-31 0001413837 srt:MaximumMember 2024-12-31 0001413837 ffwm:SubordinatedNotesDue2032Member 2024-12-31 0001413837 ffwm:SubordinatedNotesDue2030Member 2024-12-31 0001413837 us-gaap:CommonStockMember ffwm:July2024CapitalRaiseMember 2024-07-01 2024-07-31 0001413837 ffwm:SeriesNoncumulativeConvertiblePreferredStockMember ffwm:July2024CapitalRaiseMember 2024-07-01 2024-07-31 0001413837 ffwm:SeriesCNonVotingCommonStockMember ffwm:July2024CapitalRaiseMember 2024-07-01 2024-07-31 0001413837 ffwm:SeriesBNoncumulativeConvertiblePreferredStockMember ffwm:July2024CapitalRaiseMember 2024-07-01 2024-07-31 0001413837 us-gaap:RetainedEarningsMember 2025-03-31 0001413837 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001413837 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001413837 us-gaap:RetainedEarningsMember 2024-12-31 0001413837 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001413837 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001413837 us-gaap:RetainedEarningsMember 2024-03-31 0001413837 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001413837 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001413837 us-gaap:RetainedEarningsMember 2023-12-31 0001413837 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001413837 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001413837 us-gaap:WarrantMember 2025-03-31 0001413837 us-gaap:PreferredStockMember 2025-03-31 0001413837 us-gaap:CommonStockMember 2025-03-31 0001413837 us-gaap:WarrantMember 2024-12-31 0001413837 us-gaap:PreferredStockMember 2024-12-31 0001413837 us-gaap:CommonStockMember 2024-12-31 0001413837 us-gaap:CommonStockMember 2024-03-31 0001413837 us-gaap:CommonStockMember 2023-12-31 0001413837 us-gaap:CommonStockMember ffwm:July2024CapitalRaiseMember 2024-07-31 0001413837 us-gaap:CommonStockMember ffwm:July2024CapitalRaiseMember 2024-07-01 0001413837 ffwm:SubordinatedNotesDue2030Member 2025-03-31 0001413837 ffwm:SubordinatedNotesDue2030Member 2024-12-31 0001413837 2024-09-30 2024-09-30 0001413837 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001413837 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001413837 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001413837 us-gaap:FairValueInputsLevel3Member ffwm:FinancingReceivableWithFloatingInterestRateMember us-gaap:MeasurementInputConstantPrepaymentRateMember 2025-03-31 0001413837 us-gaap:FairValueInputsLevel3Member ffwm:FinancingReceivableWithFixedInterestRateMember us-gaap:MeasurementInputConstantPrepaymentRa