First Foundation Inc. - FFWM STOCK NEWS

First Foundation Inc. (NASDAQ: FFWM) has promoted Michael Berry to Senior Vice President and Director of Commercial Banking at First Foundation Bank. Berry, who joined the bank in 2015, has significant experience in commercial banking and will oversee multiple banking teams, including Corporate Banking and Small Business.

CEO Scott F. Kavanaugh emphasized Berry's value and leadership as the company expands its commercial banking services, particularly following its recent entry into Dallas, Texas. The promotion aligns with First Foundation's strategic growth plans.

First Foundation (NASDAQ: FFWM) will release its Q1 2021 earnings results on April 27, before market opening. CEO Scott F. Kavanaugh and CFO Kevin Thompson will discuss the results at 11:00 AM ET. Access to the earnings release and slide presentation will be available on their investor relations website. Additionally, a live conference call can be joined via internet or by telephone, with replay options provided for those unable to attend. First Foundation offers a wide range of financial services aimed at supporting clients throughout their financial journey.

First Foundation Inc. (NASDAQ: FFWM) is relocating its principal executive office to Dallas, Texas, as part of its strategic expansion into major markets. This move is aimed at enhancing its banking, trust, and wealth management services. The company will hire a lending team and has appointed Gary Woods to lead commercial real estate finance in Texas. First Foundation Bank anticipates continued success in real estate lending in the Dallas-Fort Worth area, known for its multifamily lending opportunities. Future plans also include opening a lending production office and a full-service branch.

First Foundation Inc. (NASDAQ: FFWM) announces the graduation of two team members, Joseph DePillo and Trevor Mael, from Pacific Coast Banking School, achieving graduate-level certificates in Banking and Leadership. The company implemented a tuition reimbursement program in 2019, encouraging employee education. Both graduates excelled in their coursework, with DePillo recognized on the Honor Roll and his thesis added to the school's Lending Library. CEO Scott F. Kavanaugh commended their dedication, highlighting the company's commitment to employee development and its partnership with PCBS for enhancing banking knowledge.

First Foundation Inc. (NASDAQ: FFWM) announced its financial results for the year and quarter ending December 31, 2020. The report reveals significant insights into the company's performance and recent activities. Chief Executive Officer Scott F. Kavanaugh and Chief Financial Officer Kevin Thompson will discuss these results in a live webcast scheduled for 8 a.m. PT. The company, which offers personal banking, business banking, and private wealth management services, aims to differentiate itself through personalized service and a comprehensive suite of financial products.

First Foundation (NASDAQ: FFWM) will release its fourth quarter 2020 earnings on January 26 before market opens. A conference call hosted by CEO Scott F. Kavanaugh and CFO Kevin Thompson will occur at 11:00AM ET to discuss financial results. This marks a new process for earnings announcements, utilizing Business Wire for releases while reports will be accessible via the investor relations site. Investors can join the call online or via phone, with replay options available post-call.

First Foundation Inc. (NASDAQ: FFWM) announced the launch of its revamped ‘Supporting Our Communities’ initiative, focusing on significant donations to nonprofits during 2020. This year, the initiative features cash grants and in-kind consulting services, fostering volunteer activities. Twelve organizations, addressing issues like affordable housing and youth career development, are selected for support. First Foundation emphasizes building relationships within communities it serves, enhancing its philanthropic efforts across California, Nevada, and Hawaii.

First Foundation (NASDAQ: FFWM) has announced that WISEPlace received a $37,500 AHEAD grant from FHLBank San Francisco, with an additional $25,000 grant supporting its mission to end homelessness for women. WISEPlace, serving over 8,100 women in its 90-year history, offers transitional shelters, counseling, and employment assistance. CEO Brateil Aghasi highlighted the critical need for support amid rising homelessness exacerbated by COVID-19. This partnership not only includes funding but also professional guidance to enhance WISEPlace's operational capabilities.

First Foundation Inc. (NASDAQ: FFWM) reported strong financial results for Q3 2020, with total revenues increasing 32% to $75.3 million and earnings rising 73% to $30.9 million, resulting in diluted EPS of $0.69. Credit quality remained robust, with nonperforming assets at 0.32% of total assets. The company announced a quarterly dividend of $0.07 per share, payable November 17, 2020. Core deposits grew significantly, and the tangible book value per share increased to $13.05. Loan originations totaled $414 million.