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First Foundation Reports Strategic Plan Amid Financial Challenges

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First Foundation Reports Strategic Plan Amid Financial Challenges

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First Foundation ( (FFWM) ) just unveiled an update.

First Foundation Inc. released a slide presentation for its upcoming investor meetings, highlighting its strategic plan and financial performance for the fourth quarter of 2024. The company reported a challenging financial quarter, with an adjusted net loss and a decrease in tangible book value per share due to capital conversion. Notable activities included the sale of multifamily loans and efforts to strengthen capital and core funding, reflecting a focus on long-term sustainability and performance improvement.

More about First Foundation

First Foundation Inc. operates within the financial services industry, offering banking, private wealth management, and trust services.

YTD Price Performance: 3.47%

Average Trading Volume: 483,716

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $514.8M

Learn more about FFWM stock on TipRanks’ Stock Analysis page.

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