First Foundation Inc. Announces Reclassification of $1.9 Billion of Multifamily Portfolio to Loans Held for Sale and Conversion of Series B Noncumulative Convertible Preferred Stock to Com...
First Foundation Inc. (FFWM)
Last first foundation inc. earnings: 4/22 05:00 pm
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Source: Yahoo! Finance
Foundation" or the "Company") (NYSE: FFWM), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the reclassification of a portion of its multifamily portfolio totaling $1.9 billion principal balance from loans held to maturity to loans held for sale (the "Loan Reclassification"). "Our decision to transfer these multifamily loans to held for sale marks an important next step in the Company's strategic roadmap to fortify the balance sheet and embrace a more offensive-minded posture," said Scott F. Kavanaugh, CEO of First Foundation Inc. "We believe this move will position the Company for a return to its historical profitability and performance levels. Based on recent Southern California-focused multifamily transactions and renewed optimism for lower rates, we expect third quarter-end fair-value pricing to surpass 92% of the $1.9 billion principal balance. While the resulting write-down to fair
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News
- EverBank Expands Commercial Offerings with New Public Finance Business, Led by Trevor Mael [Yahoo! Finance]Yahoo! Finance
- Shareholders in First Foundation (NYSE:FFWM) are in the red if they invested three years ago [Yahoo! Finance]Yahoo! Finance
- First Foundation Inc. (NASDAQ: FFWM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- First Foundation (FFWM) Is Attractively Priced Despite Fast-paced Momentum [Yahoo! Finance]Yahoo! Finance
- First Foundation Inc. (NASDAQ: FFWM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
FFWM
Earnings
- 10/30/24 - Beat
FFWM
Sec Filings
- 11/20/24 - Form 3
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- FFWM's page on the SEC website