First Foundation Stock Price, News & Analysis

First Foundation (NASDAQ: FFWM) will announce its fourth quarter and full-year 2022 earnings results on January 26 before market opening. CEO Scott F. Kavanaugh will discuss the financial results and company's recent activities during a conference call scheduled for 11:00 AM ET. Interested parties can access the call through a webcast or by telephone using the toll-free number 800-267-6316 with Conference ID FFWMQ422.

First Foundation Inc. (NASDAQ: FFWM) has announced key executive changes with Christopher M. Naghibi appointed as Chief Operating Officer and Hugo Nuño as Chief Banking Officer. Naghibi, previously Chief Credit Officer, will oversee the Bank’s credit and loan servicing operations, while Nuño will manage Risk Management and Compliance. The changes aim to leverage the company's talent and enhance its competitive edge amid a challenging economic environment, as stated by CEO Scott F. Kavanaugh.

First Foundation (NASDAQ: FFWM) has awarded $635,000 in grants to 45 nonprofits as part of its ‘Supporting Our Communities’ initiative, celebrating its 10th anniversary. This year’s funding expands to new markets including Florida and Texas, emphasizing community development in areas like affordable housing and workforce development. The program aims to foster sustainable growth in low- and moderate-income communities. First Foundation also provides strategic support to its nonprofit partners.

First Foundation Inc. (NASDAQ: FFWM) announced the immediate resignation of President David DePillo, who had served since 2015. Kevin Thompson, the Chief Financial Officer since 2020, has been appointed as the Interim President while a search for a permanent replacement begins. Thompson has a robust background in finance, having held key positions at Opus Bank and other institutions. CEO Scott F. Kavanaugh expressed confidence in Thompson’s leadership skills and business acumen during this transition, emphasizing continuity in the bank’s strategic initiatives.

First Foundation Inc. (NASDAQ: FFWM) reported its financial results for the quarter ended September 30, 2022. The earnings report highlights a comprehensive range of financial services including personal and business banking, along with private wealth management. An earnings discussion hosted by CEO Scott F. Kavanaugh and CFO Kevin Thompson is scheduled for 8 a.m. PT on the same day. The company emphasizes a blend of personalized service and a broad spectrum of financial products, setting it apart from competitors and contributing to client base growth.

First Foundation Inc. (NASDAQ: FFWM) will announce its third quarter 2022 earnings results on October 25, 2022, before market opening. A conference call with CEO Scott F. Kavanaugh and CFO Kevin Thompson will follow at 11:00 AM ET to discuss financial performance. The earnings report and presentation will be accessible via First Foundation's investor relations website. The company offers personal banking, business banking, and wealth management services, combining comprehensive financial products with personalized service.

First Foundation Inc. (NASDAQ: FFWM) has been named to the Piper Sandler Sm-All Stars: Class of 2022, marking its second consecutive year receiving this honor. The Sm-All Stars list highlights 35 high-performing small-cap banks and thrifts. To qualify, companies needed a market cap under $2.5 billion and must excel in EPS Growth, Loan Growth, Deposit Growth, and ROAE. Notably, only 10% of banks surveyed earned this distinction, emphasizing First Foundation’s strong financial performance.

First Foundation (NASDAQ: FFWM) has awarded $40,000 in grants to three North Texas nonprofit organizations as part of its Supporting Our Communities initiative. The grants include $15,000 to Southern Dallas Progress CDC to support affordable housing and community projects, $15,000 to Lovepacs for food distribution efforts to children, and $10,000 to Dallas Hope Charities for reducing homelessness among LGBTQIA+ youth. CEO Scott Kavanaugh highlighted the company's dedication to strengthening local communities through impactful partnerships.

First Foundation Inc. (NASDAQ: FFWM) announced new leadership appointments in its trust and advisory divisions in Naples, Florida. Chris Seebeck joins as Managing Director, focusing on high-net-worth clients with investment management and wealth planning. Patrick Kingsmill becomes Senior Trust Administrator, overseeing trust and estate services. These appointments aim to enhance client service and market presence in Florida. Following the acquisition of TGR Financial in 2021, First Foundation continues expanding its offerings, including residential lending and home mortgages.