---
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"
generated_at: "2026-06-03T07:46:17.773311+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Foundation Q1 net income $793K ($0.01 EPS); NIM narrows to 1.17%

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-005682
- form_type: 8-K
- cik: 0001413837
- company_name: First Foundation Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005682
- JSON: https://secwatch.observer/filing/0001558370-24-005682.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005682.txt

## Key facts
- Earnings Releases
  First Foundation Inc. reported the quarter ended March 31, 2024 results: revenue $38,386, net income $793, EPS $0.01.
  - Period: the quarter ended March 31, 2024
  - Revenue: $38,386
  - Net income: $793
  - EPS: $0.01
  - Result: reported results
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/1413837/000155837024005682/0001558370-24-005682-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.