Company Profile
- Originally founded in Irvine, CA in 2007, First Foundation, Inc. (NASDAQ: FFWM; “the company”) is a ~$13 billion asset bank holding company operating a lean 31 branch network across a five-state footprint (CA, FL, TX, NV, and HI). Historically a California-centric institution, FFWM has expanded into demographically attractive geographies in recent years, most notably, moving its headquarters to Dallas, TX in May 2021 and entering Florida in 4Q21 with its acquisition of Naples-based TGR Financial, Inc. The company has two subsidiaries - First Foundation Bank and First Foundation Advisors – the former historically focused on CRE lending, with a distinct specialization in California multifamily properties, and the latter, an RIA ($6.7 billion AUM/AUA) offering investment advisory, wealth management, and trust services.
- Following a multi-year period of challenged earnings performance (the product of an acutely liability sensitive balance sheet entering the…
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