{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-005682","form_type":"8-K","ticker":null,"cik":"0001413837","company_name":"First Foundation Inc.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.317093+00:00","generated_at":"2026-06-03T07:46:17.773311+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Foundation Q1 net income $793K ($0.01 EPS); NIM narrows to 1.17%","bullets":["Net income $793K ($0.01 diluted EPS); adjusted EPS $0.02. Net interest income $38.4M, down 35% from $58.8M a year ago.","Net interest margin 1.17% vs 1.83% a year ago; efficiency ratio 98.4% vs 84.5%.","Tangible book value per share $16.35 (vs $16.30 Q4); NPA ratio 0.18% vs 0.15% prior quarter.","Loan to deposit ratio 94.8%; total deposits $10.64B, total loans $10.09B.","Total risk-based capital ratio 12.49% (12.27% prior quarter); strong liquidity $4.4B available."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-005682","json":"https://secwatch.observer/filing/0001558370-24-005682.json","markdown":"https://secwatch.observer/filing/0001558370-24-005682.md","text":"https://secwatch.observer/filing/0001558370-24-005682.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1413837/000155837024005682/0001558370-24-005682-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1413837/000155837024005682/ffwm-20240425x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T07:46:17.773311+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"793a70472fcd9d4703a2a7dc8be54a2722de8e9b","claim":"First Foundation Inc. reported the quarter ended March 31, 2024 results: revenue $38,386, net income $793, EPS $0.01.","evidence_excerpt":"(a) 0.5 ​ 1.2 ​ 3.7 Net interest margin (%) 1.17 ​ 1.36 ​ 1.83 Efficiency ratio (%) (a) 98.4 ​ 98.5 ​ 84.5 ​ ​ ​ ​ ​ ​ ​ Income Statement (b) 1Q24 4Q23 1Q23 Net interest income $ 38,386 ​ $ 42,493 ​ $ 58,755 Noninterest income $ 12,683 ​ $ 13,876 ​ $ 11,698 Net income attributable to common shareholders $ 793 ​ $ 2,548 ​ $ 8,496 Adjusted net income attributable","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000155837024005682/0001558370-24-005682-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$38,386"},{"label":"Net income","value":"$793"},{"label":"EPS","value":"$0.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}