First Foundation Inc. Reports Third Quarter 2023 Financial Results

Rhea-AI Summary

First Foundation Inc. (NYSE: FFWM) reported its financial results for Q3 2023 and announced a quarterly cash dividend of $0.01 per common share. The earnings report and investor presentation are available online. There will be a live webcast to discuss the financial results and recent activities.

Positive

• First Foundation Inc. reported positive financial results for Q3 2023.
• The company announced a quarterly cash dividend of $0.01 per common share.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- 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, 2023. Additionally, First Foundation Inc. announced today that its Board of Directors approved the payment of a quarterly cash dividend of $0.01 per common share payable on November 16, 2023, to common shareholders of record as of November 6, 2023.

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 recent activities.

The call will be broadcast live over the Internet and can be accessed using the link below: First Foundation Q3 Earnings Webcast. For those wishing to participate in the question-and-answer session, the call can be accessed by dialing in using the following toll-free number, 888-330-3416 and conference ID, 9332924.

About First Foundation

First Foundation Inc. (NYSE: FFWM) and its subsidiaries offer personal banking, business banking, and private wealth management services, including investment, trust, insurance, and philanthropy services. This comprehensive platform of financial services is designed to help clients at any stage in their financial journey. The broad range of financial products and services offered by First Foundation are more consistent with those offered by larger financial institutions, while its high level of personalized service, accessibility, and responsiveness to clients is more aligned with community banks and boutique wealth management firms. This combination of an integrated platform of comprehensive financial products and personalized service differentiates First Foundation from many of its competitors and has contributed to the growth of its client base and business. Learn more at firstfoundationinc.com or connect with us on LinkedIn and Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231026947433/en/

Investor contact: Jamie Britton, CFO, jbritton@ff-inc.com, (949) 476-0300

Source: First Foundation Inc.

FAQ

What are the financial results of First Foundation Inc. for Q3 2023?

First Foundation Inc. reported positive financial results for Q3 2023.

What is the dividend per common share announced by First Foundation Inc.?

First Foundation Inc. announced a quarterly cash dividend of $0.01 per common share.

Where can I access the earnings report and investor presentation?

The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx.

Is there a live webcast to discuss the financial results and recent activities?

Yes, there will be a live webcast to discuss the financial results and recent activities. It can be accessed using the provided link: First Foundation Q3 Earnings Webcast.

How can I participate in the question-and-answer session during the webcast?

To participate in the question-and-answer session during the webcast, dial in using the toll-free number 888-330-3416 and conference ID 9332924.