ffwm: the income statement

MyFinsight

First Foundation Inc. (FFWM)

For the quarter ending 2025-06-30, FFWM made $8,601K in revenue. -$7,690K in net income. Net profit margin of -89.41%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2024-09-30	2024-06-30
Asset management, consulting and other fees	8,601	9,162	9,183
Other income	3,431	2,788	2,241
(loss) gain on sale of loans	-10,405	-13	415
Capital market activities	-289	-	-
The amount of noninterest income from capital market activities	-	-117,517	836
Debt and equity securities, realized gain (loss)	-	-	983
Total noninterest income	1,338	-105,580	13,658
Professional services and marketing costs	7,238	5,095	3,667
Other expenses	8,480	7,154	7,737
Occupancy and depreciation	8,333	9,013	9,026
Compensation and benefits	22,890	20,009	19,095
Customer service costs	12,983	18,954	16,104
Total noninterest expense	59,924	60,225	55,629
Provision (reversal) for credit losses	2,366	282	-806
Subordinated debt	1,705	1,720	1,705
Deposits	67,318	89,135	91,388
Borrowings	18,020	17,182	13,992
Total interest expense	87,043	108,037	107,085
Fhlb stock, fed funds sold and interest-bearing deposits	13,313	15,496	12,695
Securities	23,646	21,375	17,975
Loans	100,166	120,285	120,244
Total interest income	137,125	157,156	150,914
Net interest income	50,082	49,119	43,829
Net interest income after provision for credit losses	47,716	48,837	44,635
(loss) income before income taxes	-10,870	-116,968	2,664
Income tax benefit	-3,180	-34,794	-421
Net (loss) income	-7,690	-82,174	3,085

Earnings per share basic	-0.09	-1.23	0.05
Earnings per share diluted	-0.09	-1.23	0.05
Weighted average number of diluted shares outstanding	82,386,071	66,992,701	56,532,465
Weighted average number of shares outstanding basic	82,386,071	66,992,701	56,523,640

Unit: Thousand (K) dollars (except for numbers of shares and EPS)