FIRST FOUNDATION INC. (NASDAQ:FFWM) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
On January 30, 2019, First Foundation Inc. issued a press release reporting its consolidated financial results for the quarter and year ended December 31, 2018.A copy of that press release is attached as Exhibit99.1 to this Current Report on Form8-K and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information contained in this Current Report on Form 8-K, including Exhibit 99.1, are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, and such information and that Exhibit shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
The press release furnished as Exhibit99.1 to this Current Report on Form8-K may contain forward-looking statements within the meaning of Section27A of the Securities Act and Section21E of the Exchange Act and, as such, may involve known and unknown risks, uncertainties and assumptions.Such forward-looking statements relate to First Foundation’s current expectations and are subject to the limitations and qualifications set forth in First Foundation’s other documents filed with the U.S. Securities and Exchange Commission, including, without limitation, that actual events and/or results may differ materially from those projected in such forward-looking statements.
Item 9.01 Financial Statements and Exhibits
First Foundation Inc. Exhibit
EX-99.1 2 ffwm-ex991_6.htm EX-99.1 EARNINGS RELEASE 2018 FULL YEAR RESULTS ffwm-ex991_6.htm Exhibit 99.1 First Foundation Announces 2018 Full Year Results • Earnings per share of $0.31 for the fourth quarter and $1.01 for the full year • Revenue growth of 26% year over year • Net income growth of 56% year over year • Tangible book value per share increased to $10.33 (a 9% increase year over year) • Record loan production of $1.84 billion (a 7% increase year over year) • Initiates quarterly cash dividend of $0.05 per share IRVINE,…
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About FIRST FOUNDATION INC. (NASDAQ:FFWM)
First Foundation Inc. is a financial services holding company. The Company provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated 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’s segments include Banking; Investment Management, Wealth Planning and Consulting (Wealth Management), and Other. The Banking segment includes the operations of FFB and FFIS, and Wealth Management segment includes the operations of FFA. Its integrated platform provides investment management, wealth planning, consulting, trust, banking products and services, life insurance services and property and casualty insurance services to meet the financial needs of its clients.
