secwatch.observer — SEC 8-K summary
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Issuer:     First Foundation Inc. (—)
CIK:        0001413837
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001558370-24-005682
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413837/000155837024005682/0001558370-24-005682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413837/000155837024005682/ffwm-20240425x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005682

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer