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First Foundation Inc (FFWM.OQ)

FFWM.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

First Foundation To Acquire Premier Business Bank
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - First Foundation Inc ::FIRST FOUNDATION TO ACQUIRE PREMIER BUSINESS BANK.FIRST FOUNDATION INC - ‍ TRANSACTION, HAS BEEN UNANIMOUSLY APPROVED BY EACH COMPANY'S BOARD OF DIRECTORS​.FIRST FOUNDATION - PBB BANCORP SHAREHOLDERS WILL RECEIVE 1.05 SHARES OF FIRST FOUNDATION COMMON STOCK IN EXCHANGE FOR EACH SHARE OF PBB BANCORP.FIRST FOUNDATION INC - ‍ 100% STOCK TRANSACTION IS VALUED AT APPROXIMATELY $106 MILLION IN AGGREGATE​.FIRST FOUNDATION INC - ‍TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CO'S EPS (EXCLUDING APPROXIMATELY $5.1 MILLION OF ONE-TIME EXPENSES)​.FIRST FOUNDATION INC - ‍TRANSACTION WILL NOT REQUIRE ANY SUPPLEMENTAL FINANCING​.FIRST FOUNDATION - AT CLOSING, TRANSACTION EXPECTED TO BE ABOUT 3.6% DILUTIVE TO FIRST FOUNDATION'S TANGIBLE BOOK VALUE PER SHARE.FIRST FOUNDATION - ESTIMATED TANGIBLE BOOK VALUE EARN-BACK PERIOD IS 3.8 YEARS.  Full Article

First foundation reports Q3 EPS 27 cents
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - First Foundation Inc :First foundation announces 2017 third quarter financial results.Q3 earnings per share $0.27.Q3 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.‍Assets under management at FFA increased by $585 million in first nine months of 2017 and totaled $4.2 billion at September 30, 2017​.Qtrly ‍net interest income $28.4 million versus $23.2 million.  Full Article

First Foundation to buy 2 branches in Orange County
Monday, 3 Oct 2016 

First Foundation Inc : Upon closing of transaction, first foundation bank will operate a total of eleven branches . First foundation to acquire two branches in Orange County .No loans are being acquired in connection with transaction.  Full Article

First Foundation Q2 earnings per share $0.20
Thursday, 28 Jul 2016 

First Foundation Inc : First Foundation Inc says "market uncertainty in Q2 posed challenges in growing assets under management and revenues" . Qtrly net interest income $21.9 million versus $13.4 million . Q2 earnings per share view $0.19, revenue view $27.3 million -- Thomson Reuters I/B/E/S . First Foundation announces 2016 second quarter financial results . Q2 earnings per share $0.20 . Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S .First foundation inc qtrly total revenues increased by $7.0 million or 35% in Q2 of 2016 as compared to q2 of 2015.  Full Article

First Foundation announces agreement with Freddie Mac on loan sale
Friday, 1 Jul 2016 

First Foundation Inc : First Foundation announces agreement with Freddie Mac on loan sale . During Q2 of 2016, co finalized pricing on an agreement to sell about $265 million of loans secured by Multifamily Properties to Freddie Mac . Pool of loans was accepted by, pricing set by Freddie Mac, on June 20, 2016, sale is expected to be completed in July of 2016 . During Q3 of 2016, company expects to realize a gain on sale of loans, including $2.2 million pricing adjustment, of about $7.3 million . First Foundation Inc says expects fully diluted earnings per share in Q3 of 2016 to be between $0.45 and $0.50 per fully diluted share . On an after tax basis, gain on sale of loans is expected to be $4.2 million, which is equivalent to $0.25 per fully diluted share .Q3 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-First Foundation Reports Q4 EPS Of $0.06

* Q4 EARNINGS PER SHARE VIEW $0.25 -- THOMSON REUTERS I/B/E/S