September 23, 2014 4:27 AM ET

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Company Overview of First Foundation Inc.

Company Overview

First Foundation Inc., through its subsidiaries, provides various financial services to high net-worth individuals and their families, family businesses, and other affiliated organizations in the United States. It operates in two segments, Banking and Wealth Management. The company offers a range of bank deposit products, including personal and business checking and savings accounts, such as interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit accounts; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as ...

18101 Von Karman Avenue

Suite 700

Irvine, CA 92612

United States

192.4 Employees

Phone:

949-202-4100

Key Executives for First Foundation Inc.

Vice Chairman and Chief Executive Officer
Age: 53
Total Annual Compensation: $793.5K
Executive Chairman
Age: 58
Total Annual Compensation: $630.0K
Director and President of FFA
Age: 46
Total Annual Compensation: $511.0K
Compensation as of Fiscal Year 2013.

First Foundation Inc. Key Developments

First Foundation Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

First Foundation Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net interest income was $9,816,000 against $9,488,000 a year ago. Net interest income after provision for loan losses was $9,816,000 against $8,802,000 a year ago. Income before taxes on income was $2,361,000 against $2,987,000 a year ago. Net income was $1,267,000 or $0.16 diluted per share against $1,852,000 or $0.24 diluted per share a year ago. For the quarter, the company's net interest income was $19,566,000 against $17,680,000 a year ago. Net interest income after provision for loan losses was $19,331,000 against $16,372,000 a year ago. Income before taxes on income was $4,881,000 against $4,694,000 a year ago. Net income was $2,729,000 or $0.34 diluted per share against $2,910,000 or $0.38 diluted per share a year ago. Tangible book value per share was $11.80 against $10.26 a year ago. Return on average assets - annualized was 0.60% against 0.68% a year ago. Return on average equity - annualized was 7.4% against 7.7% a year ago.

First Foundation Inc., Annual General Meeting, Jul 29, 2014

First Foundation Inc., Annual General Meeting, Jul 29, 2014., at 08:00 Pacific Standard Time. Location: 18101 Von Karman Avenue. Agenda: To elect the 10 nominees Ulrich E. Keller, Jr., CFP, Warren D. Fix, Scott F. Kavanaugh, John Hakopian, James Brakke, Gerald Larsen, Max Briggs, Mitchell M. Rosenberg, Ph.D., Victoria Collins, Ph.D., CFP and Coby Sonenshine, J.D., CFA to serve as the company’s Directors for the upcoming year and until their successors are elected and qualify to serve; to approve, by non-binding advisory vote, the compensation of named executive officers for the year ended December 31, 2013; to recommend, by a non-binding advisory vote, the frequency of future advisory votes on the compensation of named executive officers; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

First Foundation Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

First Foundation Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest income of $10.675 million compared to $9.004 million for the same period a year ago. Net interest income was $9.750 million compared to $8.192 million for the same period a year ago. Income before taxes on income was $2.520 million compared to $1.707 million for the same period a year ago. Net income was $1.462 million or $0.18 per diluted share compared to $1.058 million or $0.14 per diluted share for the same period a year ago. Return on average assets - annualized was 0.55% compared to 0.51% for the same period a year ago. Return on average equity - annualized was 6.6% compared to 5.7% for the same period a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 10, 2013
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