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First Foundation (FFWM)
NYSE:FFWM
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 4.02%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a significant return to profitability and improvements in net interest margin and credit portfolio, indicating strategic progress. However, there are challenges with asset management and deposits, alongside increased criticized assets. The sentiment is balanced with optimism about strategic initiatives.Company Guidance
In the First Foundation's First Quarter 2025 Earnings Conference Call, the company reported a return to profitability with a net income of $6.9 million or $0.08 per share, compared to a net loss of $14.1 million in the previous quarter. The net interest margin expanded by 9 basis points to 1.67%, aided by a $5 million reduction in non-interest expense. They funded $180 million of new loans at an average yield of 7.09%, with 78% being C&I loans. Despite a decline in overall deposits to $9.6 billion, the bank saw a reduction in high-cost brokered deposits and an increase in retail, specialty, and digital banking deposits. The provision for credit losses decreased significantly to $3.4 million from $20.6 million, and the allowance for credit losses (ACL) increased to 46 basis points. Assets under management were reported at $5.1 billion, and the bank remains well-capitalized with a common equity Tier 1 ratio of 10.6% and a Tier 1 leverage ratio of 8.1%. The company anticipates modest asset reductions and margin expansion, targeting a net interest margin between 1.8% and 1.9% by the fourth quarter of 2025, with further improvements expected by 2026.Return to Profitability
First Foundation reported a net income of $6.9 million or $0.08 per share, a significant turnaround from a net loss of $14.1 million in the previous quarter.
Net Interest Margin Expansion
Net interest margin expanded by 9 basis points to 1.67%, alongside a reduction in non-interest expense by $5 million.
Loan Portfolio Strategy
Funded $180 million of new loan balances at an average yield of 7.09%, with 78% being C&I loans. Strategic focus remains on reducing commercial real estate concentration.
Credit Portfolio Improvement
Asset migration trends were positive, with past due and nonaccrual loans falling 22% to $54.8 million.
Capitalization and Liquidity
Strong capitalization with a common equity Tier 1 ratio of 10.6% and Tier 1 leverage ratio of 8.1%. Ample liquidity with $3.7 billion of borrowing capacity.
FFWM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FFWM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $4.97 | $5.02 | +1.01% |
Jan 30, 2025 | $6.26 | $5.46 | -12.78% |
Oct 29, 2024 | $7.77 | $7.23 | -6.95% |
Jul 25, 2024 | $6.71 | $7.05 | +5.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does First Foundation (FFWM) report earnings?
First Foundation (FFWM) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is First Foundation (FFWM) earnings time?
First Foundation (FFWM) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FFWM EPS forecast?
FFWM EPS forecast for the fiscal quarter 2025 (Q2) is 0.02.