FFWM · As filed with the SEC
First Foundation income statement, by fiscal year
The statement as First Foundation presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD, except per-share amounts
| USD, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Interest income: | ||||
| Loans | 388,466,000 | 474,322,000 | 488,718,000 | 370,078,000 |
| Securities | 93,613,000 | 81,949,000 | 39,912,000 | 26,411,000 |
| FHLB Stock, fed funds sold and interest-bearing deposits | 58,910,000 | 54,725,000 | 45,061,000 | 7,389,000 |
| Total interest income | 540,989,000 | 610,996,000 | 573,691,000 | 403,878,000 |
| Interest expense: | ||||
| Deposits | 283,926,000 | 358,515,000 | 310,760,000 | 61,845,000 |
| Borrowings | 62,312,000 | 62,988,000 | 53,791,000 | 16,951,000 |
| Subordinated debt | 7,348,000 | 6,849,000 | 6,835,000 | 6,392,000 |
| Total interest expense | — | — | 371,386,000 | 85,188,000 |
| Total interest expense | 353,586,000 | 428,352,000 | — | 85,188,000 |
| Net interest income | 187,403,000 | 182,644,000 | 202,305,000 | 318,690,000 |
| Provision (reversal) for credit losses | 64,306,000 | 20,700,000 | (482,000) | 532,000 |
| Net interest income after provision for credit losses | 123,097,000 | 161,944,000 | 202,787,000 | 318,158,000 |
| Noninterest income: | ||||
| Asset management, consulting and other fees | 34,373,000 | 36,229,000 | 35,272,000 | 38,787,000 |
| (Loss) gain on sale of loans | (9,566,000) | 5,068,000 | — | — |
| Gain on sale of securities available-for-sale | 5,930,000 | 1,204,000 | 2,304,000 | — |
| Capital market activities | — | (119,138,000) | — | — |
| Capital market activities | 6,185,000 | — | — | — |
| Gain on sale of REO | — | 679,000 | — | — |
| Other income | 10,452,000 | 10,086,000 | 11,775,000 | 9,447,000 |
| Total noninterest income | 47,374,000 | (65,872,000) | 49,351,000 | 48,234,000 |
| Noninterest expense: | ||||
| Compensation and benefits | 96,652,000 | 83,917,000 | 84,297,000 | 110,222,000 |
| Occupancy and depreciation | 34,695,000 | 37,502,000 | 36,809,000 | 36,236,000 |
| Professional services and marketing costs | 33,188,000 | 17,997,000 | 15,184,000 | 13,660,000 |
| Customer service costs | 44,110,000 | 63,586,000 | 76,806,000 | 38,178,000 |
| Goodwill impairment | — | — | 215,252,000 | — |
| Other expenses | 33,371,000 | 30,450,000 | 23,854,000 | 18,293,000 |
| Total noninterest expense | 242,016,000 | 233,452,000 | 452,202,000 | 216,589,000 |
| Loss before income taxes | (71,545,000) | (137,380,000) | (200,064,000) | 149,803,000 |
| Income tax expense (benefit) | 83,612,000 | (44,973,000) | (1,000,000) | 39,291,000 |
| Net loss | (155,157,000) | (92,407,000) | (199,064,000) | 110,512,000 |
| Net loss per share: | ||||
| Basic (in dollars per share) | (1.88) | (1.41) | (3.53) | 1.96 |
| Diluted (in dollars per share) | (1.88) | (1.41) | (3.53) | 1.96 |
| Shares used in computation: | ||||
| Basic (in shares) | 82,506,015 | 65,598,430 | 56,426,093 | 56,422,450 |
| Diluted (in shares) | 82,506,015 | 65,598,430 | 56,426,093 | 56,490,060 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.