Trade First Foundation Inc - FFWM CFD

First Foundation Inc Company profile

About First Foundation Inc

First Foundation Inc. is a financial services holding company that provides a platform of financial services to individuals, businesses and other organizations. The Company conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company operates through two segments: Banking and Wealth Management. The Banking includes the operations of FFB and FFIS. The Wealth Management includes the operations of FFA. Its integrated platform provides banking products and services, investment advisory and wealth management services and trust services to meet the financial needs of its clients. The Company conducts its operations in California, Nevada and Hawaii.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, First Foundation Inc interest income increased 1% to $247.2M. Net interest income after loan loss provision increased 21% to $229.4M. Net income increased 30% to $109.5M. Net interest income after loan loss provision reflects Banking segment increase of 21% to $229.7M, Net Interest Margin - Total - % increase of 4% to 3.15%, Net Interest Spread - Total - % increase of 12% to 3%.