First Foundation Inc., through its subsidiaries, provides personal banking, business banking, and private wealth management services in the United States. It operates through two segments, Banking and Wealth Planning. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits. It also provides various specialized services comprising trust services, internet and mobile banking, remote deposit capture services, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services and equipment financing solutions. In addition, the company offers investment management and financial planning services; treasury management services; advisory and coordination services in the areas of estate planning, retirement planning, and charitable and business ownership issues; and financial, investment, and economic advisory and related services. Further, it provides support services, including the processing and transmission of financial and economic data for charitable organizations. It offers its services through bank and/or wealth management branch offices in California, Texas, Nevada, and Hawaii. The company was founded in 1985 and is based in Dallas, Texas.
IPO Year:
Exchange: NASDAQ
Website: firstfoundationinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/3/2024 | Overweight → Equal-Weight | Stephens | |
| 7/3/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 7/3/2024 | $8.00 → $9.00 | Neutral → Buy | DA Davidson |
| 1/5/2024 | $9.50 → $12.00 | Outperform → Strong Buy | Raymond James |
| 11/3/2023 | $7.00 → $6.00 | Outperform → Neutral | Wedbush |
| 2/3/2023 | $17.50 → $16.00 | Overweight → Neutral | Piper Sandler |
| 10/26/2022 | $18.00 | Buy → Neutral | DA Davidson |
| 7/11/2022 | $21.00 | Buy → Neutral | B. Riley Securities |
| 2/2/2022 | $32.00 | Overweight | Stephens |
| 10/27/2021 | $29.00 → $30.00 | Outperform | Raymond James |
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its first quarter 2025 earnings results before the market opens on Wednesday, April 30, 2025. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Thomas C. Shafer of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation's inve
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter 2024 earnings results before the market opens on Thursday, January 30, 2025. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Thomas C. Shafer of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation's
First Foundation Inc. ("we," "our," "us," "First Foundation" or the "Company") (NYSE:FFWM), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the reclassification of a portion of its multifamily portfolio totaling $1.9 billion principal balance from loans held to maturity to loans held for sale (the "Loan Reclassification"). "Our decision to transfer these multifamily loans to held for sale marks an important next step in the Company's strategic roadmap to fortify the balance sheet and embrace a more offensive-minded posture," said Scott F. Kavanaugh, CEO of First Foundation Inc. "We believe this
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2024 earnings results before the market opens on Tuesday, October 29. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation's investor
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2024 earnings results before the market opens on Thursday, July 25. At 11:00AM ET / 8:00AM PT on that same day, President and Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Fo
Simone Lagomarsino (Former CEO of Luther Burbank, Former Chair of the Board of Directors of Federal Home Loan Bank of San Francisco); Henchy Enden (Fortress Investment Group), Sam Edelson (Designated by Canyon Partners); and Ben Mackovak (Strategic Value Bank Partners) to Join Board of Directors of First Foundation Bank First Foundation Inc. (NYSE:FFWM) ("First Foundation" or the "Company'') today announced that affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors have agreed to make individual investments aggregating to $228 million in the Company, subject to the satisfaction of customary closing conditions set fo
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its first quarter 2024 earnings results before the market opens on Thursday, April 25. At 11:00 AM ET / 8:00 AM PT on that same day, President and Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foun
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter 2023 earnings results before the market opens on Thursday, January 25. At 11:00AM ET / 8:00AM PT on that same day, President and Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Fou
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2023 earnings results before the market opens on Thursday, October 26. At 11:00AM ET / 8:00AM PT on that same day, President and Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foun
First Foundation Inc. (NASDAQ:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2023 earnings results before the market opens on Thursday, July 27. At 11:00 AM ET / 8:00 AM PT on that same day, President and Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Fo
First Foundation Inc. (NYSE:FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors ("FFA") and First Foundation Bank ("FFB"), today reported its financial results for the quarter ended March 31, 2025. The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx. At 8 a.m. PT / 11 a.m. ET, Chief Executive Officer, Thomas C. Shafer, and Chief Financial Officer, Jamie Britton of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. The call will be broadcast live over th
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its first quarter 2025 earnings results before the market opens on Wednesday, April 30, 2025. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Thomas C. Shafer of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation's inve
First Foundation Inc. (NYSE:FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors ("FFA") and First Foundation Bank ("FFB"), today reported its financial results for the quarter ended December 31, 2024. The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx. At 8 a.m. PT / 11 a.m. ET, Chief Executive Officer, Thomas C. Shafer, and Chief Financial Officer, Jamie Britton, of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. The call will be broadcast live
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter 2024 earnings results before the market opens on Thursday, January 30, 2025. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Thomas C. Shafer of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation's
First Foundation Inc. (NYSE:FFWM) (the "Company"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the appointment of Thomas C. Shafer as its Chief Executive Officer. Mr. Shafer's appointment follows the retirement of Scott F. Kavanaugh, who has served the Company as Chief Executive Officer since 2009 and as a member of the Board of Directors since 2007. Mr. Shafer will also serve as First Foundation Bank's Chief Executive Officer and has joined the Boards of Directors of First Foundation Inc. and First Foundation Bank. "I am honored to be First Foundation's next Chief Executive Officer and I
First Foundation Inc. (NYSE:FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors ("FFA") and First Foundation Bank ("FFB"), today reported its financial results for the quarter ended September 30, 2024. The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx. At 8 a.m. PT / 11 a.m. ET, President and Chief Executive Officer, Scott F. Kavanaugh, Chief Financial Officer, Jamie Britton, and Chief Operating Officer, Chris Naghibi, of First Foundation will host a discussion of the Company's financial results and performance and provide an update o
First Foundation Inc. ("we," "our," "us," "First Foundation" or the "Company") (NYSE:FFWM), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the reclassification of a portion of its multifamily portfolio totaling $1.9 billion principal balance from loans held to maturity to loans held for sale (the "Loan Reclassification"). "Our decision to transfer these multifamily loans to held for sale marks an important next step in the Company's strategic roadmap to fortify the balance sheet and embrace a more offensive-minded posture," said Scott F. Kavanaugh, CEO of First Foundation Inc. "We believe this
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2024 earnings results before the market opens on Tuesday, October 29. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation's investor
First Foundation Inc. (NYSE:FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors ("FFA") and First Foundation Bank ("FFB"), today reported its financial results for the quarter ended June 30, 2024. The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx. At 8 a.m. PT / 11 a.m. ET, President and Chief Executive Officer, Scott F. Kavanaugh, Chief Financial Officer, Jamie Britton, and Chief Operating Officer, Chris Naghibi, of First Foundation will host a discussion of the Company's financial results and performance and provide an update on r
First Foundation Inc. (NYSE:FFWM) ("First Foundation" or the "Company'') today announced the closing of its individual investments aggregating to $228 million in the Company from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors. Scott F. Kavanaugh, President and CEO of the Company, stated, "We want to thank all of our new investor partners for their effort and significant confidence in First Foundation and our talented employees. We very much look forward to building a top tier regional bank and creating long term shareholder value." Transaction Details First Foundation sold and issued (i) 11,308,676 shares
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Stephens downgraded First Foundation from Overweight to Equal-Weight
Raymond James downgraded First Foundation from Strong Buy to Mkt Perform
DA Davidson upgraded First Foundation from Neutral to Buy and set a new price target of $9.00 from $8.00 previously
Raymond James upgraded First Foundation from Outperform to Strong Buy and set a new price target of $12.00 from $9.50 previously
Wedbush downgraded First Foundation from Outperform to Neutral and set a new price target of $6.00 from $7.00 previously
Piper Sandler downgraded First Foundation from Overweight to Neutral and set a new price target of $16.00 from $17.50 previously
DA Davidson downgraded First Foundation from Buy to Neutral and set a new price target of $18.00
B. Riley Securities downgraded First Foundation from Buy to Neutral and set a new price target of $21.00
Stephens initiated coverage of First Foundation with a rating of Overweight and set a new price target of $32.00
Raymond James reiterated coverage of First Foundation with a rating of Outperform and set a new price target of $30.00 from $29.00 previously
First Foundation Inc. (NYSE:FFWM) (the "Company"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the appointment of Thomas C. Shafer as its Chief Executive Officer. Mr. Shafer's appointment follows the retirement of Scott F. Kavanaugh, who has served the Company as Chief Executive Officer since 2009 and as a member of the Board of Directors since 2007. Mr. Shafer will also serve as First Foundation Bank's Chief Executive Officer and has joined the Boards of Directors of First Foundation Inc. and First Foundation Bank. "I am honored to be First Foundation's next Chief Executive Officer and I
First Foundation Inc. (NYSE:FFWM) ("First Foundation" or the "Company'') today announced the closing of its individual investments aggregating to $228 million in the Company from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors. Scott F. Kavanaugh, President and CEO of the Company, stated, "We want to thank all of our new investor partners for their effort and significant confidence in First Foundation and our talented employees. We very much look forward to building a top tier regional bank and creating long term shareholder value." Transaction Details First Foundation sold and issued (i) 11,308,676 shares
First Foundation Inc. (NASDAQ:FFWM) ("First Foundation"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, is pleased to announce the appointment of James ("Jamie") Britton as Executive Vice President, Chief Financial Officer, effective August 14, 2023. Reporting to Scott F. Kavanaugh, President and Chief Executive Officer, Mr. Britton will lead the financial operations teams for First Foundation and its subsidiaries. "We are excited to have Jamie join the executive leadership team of First Foundation," said Mr. Kavanaugh. "With his deep experience in corporate finance, operations, and investor relations, I am
Urges stockholders to vote FOR the First Foundation current Board of Directors on the BLUE proxy card First Foundation Inc. (NASDAQ:FFWM) ("First Foundation" or the "Company"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it has filed an investor presentation with the U.S. Securities and Exchange Commission ("SEC") in connection with its 2023 Annual Meeting of Stockholders, which is scheduled to be held on Tuesday, June 27, 2023. The full presentation can be found here. Key Highlights of the Presentation From First Foundation's Nasdaq listing in November 2014 through March 2022, be
Appointment further enhances Board independence and diversity First Foundation Inc. (NASDAQ:FFWM) ("First Foundation" or the "Company"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that Gabriel ("Gabe") Vazquez has been appointed an independent director to the Company's Board of Directors ("Board"). Mr. Vazquez was concurrently appointed to the Board of Directors of First Foundation Bank. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230426005393/en/Gabe Vazquez was named to the Board of Directors for First Foundation. (Photo:
Hunn's appointment comes as First Foundation Bank proudly marks its seventh year in Honolulu First Foundation Inc. (NASDAQ:FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Emari Hunn as Vice President, Branch Manager at the bank's Honolulu, Hawaiʻi location. Hunn will lead the Honolulu team as it grows its existing relationships in the region while also reaching a new base of clients seeking a full-service banking relationship. Hunn brings more than 12 years of leadership experience in the banking industry to First Foundation with a strong focus on premier client servic
Expands operations from coast to coast and solidifies position as a premier regional bank Gary L. Tice appointed to First Foundation Inc.'s Board of Directors and Garrett Richter will oversee banking activities in Florida First Foundation Inc. (NASDAQ:FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank (collectively "First Foundation"), announced that it has completed its acquisition, effective as of December 17, 2021, of TGR Financial, Inc. and its bank subsidiary, First Florida Integrity Bank, a Florida state-chartered bank with seven branch offices located throughout Southwest Florida plus a corporate
First Foundation Inc. (NASDAQ:FFWM) ("First Foundation"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Tim Cody as Senior Vice President, Managing Director of Construction Lending. In his new role, Cody will help build out the construction lending offering for First Foundation Bank. Along these lines, Cody will be responsible for identifying and growing construction loan relationships with both new and existing clients. He will also be responsible for assessing and structuring the terms for prospective loans. "We are very pleased to have Tim join our team," said Robert No
First Foundation Inc. (NASDAQ:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced the expansion of their Commercial Banking team in Los Angeles county with the appointment of Matthew Ashworth as SVP, Director of Commercial Banking, Leeza Jinian as SVP, Commercial Banking Manager, and Yenee Mesfin as SVP, Commercial Banker. First Foundation Bank recently promoted Michael Berry to Commercial Banking Executive to lead all the bank's Corporate Banking, Commercial Banking, Small Business, and Public Finance teams (https://www.firstfoundationinc.com/news-insights/first-foundation-ban
First Foundation Inc. (NASDAQ:FFWM) ("First Foundation"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Kelly Rentzel as Executive Vice President, General Counsel. "As we continue to expand into new regions and grow our existing business, it is great to have someone with Kelly's background on our team," said Scott F. Kavanaugh, Chief Executive Officer, First Foundation Inc. "Kelly is a seasoned lawyer with strong experience in the banking industry and we look forward to having her expertise as we execute on our growth plan." Rentzel will be working out of the newly relocate