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First Foundation (FFWM)

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Earnings summaries and quarterly performance for First Foundation.

Recent press releases and 8-K filings for FFWM.

First Foundation Inc. and FirstSun Capital Bancorp Announce Receipt of Regulatory Approval for Bank Merger
FFWM
M&A
Regulatory Approval
Proxy Vote Outcomes
  • On February 25, 2026, First Foundation Inc. and FirstSun Capital Bancorp jointly announced receipt of regulatory approval from the Office of the Comptroller of the Currency for the merger of their bank subsidiaries, First Foundation Bank and Sunflower Bank, N.A..
  • The completion of the overall merger of First Foundation into FirstSun remains subject to regulatory approval from the Board of Governors of the Federal Reserve System.
  • Stockholder approval from both First Foundation and FirstSun is also required, with their respective meetings scheduled for February 27, 2026.
  • The merger is currently expected to be completed early in the second quarter of 2026.
3 days ago
First Foundation Inc. Reports Q4 2025 Results and Merger Update
FFWM
Earnings
M&A
  • First Foundation Inc. reported a net loss of $8.0 million and a loss per share of $0.10 for the fourth quarter of 2025.
  • Net interest income was $39.4 million for the quarter, a decrease from the prior quarter, and the net interest margin declined to 1.36%.
  • The company's balance sheet showed improvements, with the total risk-based capital ratio increasing to 15.51% and the loan to deposit ratio improving to 75.3% as of December 31, 2025.
  • Planning for the announced merger with FirstSun Capital Bancorp is well underway, with an anticipated close in early the second quarter of 2026.
Jan 29, 2026, 11:55 AM
First Foundation Inc. to Merge with FirstSun Capital Bancorp
FFWM
M&A
  • First Foundation Inc. (FFWM) has entered into an Agreement and Plan of Merger with FirstSun Capital Bancorp, dated October 27, 2025.
  • Under the terms of the agreement, First Foundation will merge with and into FirstSun, with FirstSun operating as the surviving entity.
  • The Boards of Directors of both companies have unanimously approved the merger and will recommend it to their respective stockholders for approval.
  • The merger is intended to qualify as a reorganization for federal income tax purposes and is subject to necessary regulatory and stockholder approvals.
Oct 30, 2025, 8:41 PM
First Foundation Inc. Reports Q3 2025 Results and Announces Merger
FFWM
Earnings
M&A
Accounting Changes
  • First Foundation Inc. reported a net loss of $146.3 million, or ($1.78) per share, for the third quarter of 2025, primarily driven by a $65.0 million provision for credit losses and a $94.7 million valuation allowance against deferred tax assets.
  • Total revenue for the quarter was $63.6 million, an increase from $51.4 million in the prior quarter.
  • The company announced a merger with FirstSun Capital Bancorp, which is expected to create a regional bank with $17 billion in assets.
  • As of September 30, 2025, the loan to deposit ratio improved to 83.6% from 93.4% in the prior quarter, and total liquidity stood at $4.4 billion.
Oct 30, 2025, 11:00 AM
FirstSun Capital Bancorp to acquire First Foundation Inc. for $785 million
FFWM
M&A
New Projects/Investments
Guidance Update
  • FirstSun Capital Bancorp (FSUN) is set to acquire First Foundation Inc. (FFWM) in an all-stock transaction valued at $785 million. FFWM common stockholders will receive 0.16083 shares of FSUN for each FFWM share, equivalent to $6.50 based on FSUN's closing stock price on October 24, 2025.
  • The combined entity is projected to have $17 billion in Pro Forma Total Assets and $7 billion in Pro Forma AUM.
  • The transaction is expected to result in 30%+ EPS accretion by 2027E, with anticipated pro forma profitability margins including a 1.45% Pro Forma 2027E ROAA and 13.3% Pro Forma 2027E ROATCE.
  • A significant balance sheet re-positioning plan, involving a ~$3.4 billion down-sizing of assets and high-cost funding, is expected to reduce risk and generate $68.8 million in pre-tax cost savings.
  • Post-merger, FSUN shareholders will own 59.5% and FFWM shareholders 40.5% of the combined company.
Oct 28, 2025, 2:00 PM
FirstSun Capital Bancorp to Acquire First Foundation
FFWM
M&A
  • FirstSun Capital Bancorp is acquiring First Foundation in a $785 million all-stock deal, which will create a regional bank with $17 billion in total assets.
  • The transaction is expected to close in the second quarter of 2026, with FirstSun shareholders owning nearly 60% and First Foundation shareholders approximately 40.5% of the combined entity.
  • As part of the merger agreement, First Foundation warrant holders will convert their warrants early, receiving FirstSun common stock along with $17.5 million in cash payments.
  • The merger has been unanimously approved by the boards of both FirstSun and First Foundation.
Oct 27, 2025, 10:01 PM
First Foundation Inc. Announces All-Stock Merger with FirstSun Capital Bancorp
FFWM
M&A
Board Change
Management Change
  • First Foundation Inc. (FFWM) and FirstSun Capital Bancorp (FSUN) have entered into a definitive all-stock merger agreement, valued at approximately $785 million.
  • Under the terms of the agreement, First Foundation common and preferred stockholders will receive 0.16083 of a share of FirstSun common stock for each share of First Foundation common stock owned.
  • The combined entity is projected to be a $17 billion bank with $6.8 billion in pro forma Assets Under Management (AUM) and an estimated 30%+ accretion to FirstSun’s 2027 estimated EPS.
  • The transaction is expected to close early in the second quarter of 2026, subject to regulatory approvals and shareholder consent.
  • Following the merger, FirstSun stockholders will own 59.5% and First Foundation stockholders will own 40.5% of the combined company.
Oct 27, 2025, 8:58 PM

Quarterly earnings call transcripts for First Foundation.