While the company has made notable progress in reducing CRE concentration and growing digital banking deposits, significant challenges remain, including a net loss for the quarter and unfavorable loan sale execution that impacted income. Additionally, there are concerns about rising professional service costs and management turnover. Despite these challenges, the company maintains a positive outlook on improving its net interest margin and believes the worst impacts are now behind them.

Company Guidance

During the Second Quarter 2025 earnings call, First Foundation's CEO Thomas C. Shafer and CFO Jamie Britton provided guidance on the company's financial trajectory. The bank reported a net loss of $7.7 million, down from a net income of $6.9 million in Q1. A key focus was on reducing commercial real estate (CRE) exposure, with $858 million in CRE loans moved out, decreasing the CRE concentration to 365% of regulatory capital from over 600%. This strategic move allowed for a reduction of $975 million in high-cost deposits and is expected to enhance the net interest margin (NIM) to 1.8%-1.9% by year-end. Despite a net loss, adjusted core after-tax net income was $1 million or $0.01 per share, with pre-provision net revenue reported at $3.6 million. Looking forward, the bank anticipates a further securitization by year-end and expects to exit the held-for-sale CRE portfolio by the end of 2025. Additionally, First Foundation is focused on expanding private banking and digital deposits, with the latter surpassing $1 billion, accounting for 12% of total deposits. The bank also highlighted a stable nonperforming loan ratio at 35 basis points and a slight increase in the allowance for credit losses to 50 basis points.

Reduction in CRE Concentration

The company reduced its commercial real estate (CRE) concentration to 365% of regulatory capital from over 600%, selling $377 million of loans in April and securitizing $481 million in June.

Net Interest Margin Guidance

Despite current challenges, the company maintains a positive outlook on improving its net interest margin (NIM), expecting it to reach between 1.8% and 1.9% by the end of 2025.

Digital Banking Growth

Digital banking deposits surpassed $1 billion for the first time, representing 12% of total deposits as of June 30.

Stable Nonperforming Loans

Nonperforming loans were stable at 35 basis points, and net charge-offs remained low at just $135,000.

Assets Under Management Increase

Assets under management slightly increased to $5.3 billion, with positive cross-selling trends observed within the commercial banking platform.

First Foundation (FFWM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FFWM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.02 / -	0.04	―	―	―
Jul 31, 2025	2025 (Q2)	0.02 / -0.09	0.06	-250.00% (-0.15)
Apr 30, 2025	2025 (Q1)	0.03 / 0.09	0.02	350.00% (+0.07)
Jan 30, 2025	2024 (Q4)	0.04 / -0.17	0.05	-434.00% (-0.22)
Oct 29, 2024	2024 (Q3)	-0.17 / 0.04	0.05	-20.00% (-0.01)
Jul 25, 2024	2024 (Q2)	<0.01 / 0.06	0.07	-14.29% (-0.01)
Apr 25, 2024	2024 (Q1)	<0.01 / 0.02	0.15	-86.67% (-0.13)
Jan 25, 2024	2023 (Q4)	0.03 / 0.05	0.35	-85.71% (-0.30)
Oct 26, 2023	2023 (Q3)	0.04 / 0.05	0.51	-90.20% (-0.46)
Jul 27, 2023	2023 (Q2)	0.03 / 0.07	0.59	-88.14% (-0.52)

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
Jul 31, 2025	$4.87	$4.87	0.00%
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%

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 Oct 28, 2025, Before Open (Confirmed).

What is First Foundation (FFWM) earnings time?

First Foundation (FFWM) earnings time is at Oct 28, 2025, Before Open (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 (Q3) is 0.02.

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