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Annual report 2025
added 03-16-2026

First Foundation Balance Sheet 2023-2011 | FFWM

Brief overview of First Foundation 's balance sheet strength

The comparison uses five available annual reports from the 2021–2025 interval.

The asset base progressed from $10.2 billion to $11.9 billion, equal to +16.8% overall and about 3.9% per year.

Asset growth of +16.8% was close to the +20.4% change in liabilities, leaving the funding profile broadly stable.

A liability-heavy structure is normal for a financial institution; equity represents 7.7% of assets, from 10.4% initially.

The balance sheet includes a negative accumulated result of -$30.1 million. It should be assessed alongside historical profits and capital distributions.

Balance sheet takeaway

The balance sheet gives no single signal for First Foundation : some indicators are sound, while leverage or capitalization needs attention.

Annual Balance Sheet First Foundation

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

-1.16 B -411 M - -361 M 1.69 B 1.45 B 1.08 B 1.16 B 1.15 B 391 M 143 M 36.9 M -

Long Term Debt

170 M 245 M - 269 M 743 M 708 M 678 M 1.25 B 796 M 283 M 141 M 100 M -

Total Non Current Liabilities

- - - - 10 M 5 M 12.1 M 16.8 M 15.4 M 19.9 M 7.1 M - -

Total Liabilities

12.4 B 11.9 B 9.13 B 6.26 B 5.7 B 5.28 B 4.15 B 3.69 B 2.33 B 1.26 B 951 M 757 M -

Retained Earnings

219 M 427 M 341 M 248 M 176 M 128 M 85.5 M 57.1 M 33.8 M 20.4 M 12 M 4.14 M -

Total Assets

13.3 B 13 B 10.2 B 6.96 B 6.31 B 5.84 B 4.54 B 3.98 B 2.59 B 1.36 B 1.04 B 831 M -

Cash and Cash Equivalents

1.33 B 656 M 1.12 B 630 M 65.4 M 67.3 M 120 M 598 M 216 M 29.7 M 57 M 63.1 M -

Book Value

925 M 1.13 B 1.06 B 696 M 614 M 559 M 395 M 284 M 260 M 99.5 M 86.8 M 73.6 M -

Total Shareholders Equity

925 M 1.13 B 1.06 B 696 M 614 M 559 M 395 M 284 M 260 M 99.5 M 86.8 M 73.6 M -

All numbers in USD currency

Quarterly Balance Sheet First Foundation

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

240 M 240 M - 240 M 240 M 190 M - - 145 M 145 M 245 M - 245 M 245 M 245 M 195 M 195 M 195 M 195 M 195 M 195 M 195 M 120 M 120 M 120 M 120 M 120 M 120 M 120 M 120 M 120 M 120 M - - - 115 M - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

11 B 10.5 B 11.5 B 11.6 B 12.3 B 12.8 B - 12.4 B 12.1 B 11.9 B 12.5 B - 11.2 B 10.1 B 9.39 B 9.13 B 6.97 B 7.21 B 6.34 B 6.26 B 6.26 B 6.26 B 6.26 B 5.7 B 5.7 B 5.7 B 5.7 B 5.28 B 5.28 B 5.28 B 5.28 B 4.15 B 4.15 B 4.15 B 4.15 B 3.69 B 3.69 B 3.69 B 3.69 B 2.33 B 2.33 B 2.33 B 2.33 B 1.26 B 1.26 B 1.26 B 1.26 B 951 M 951 M 951 M 951 M - - - - - - - -

Retained Earnings

-22.1 M 124 M 132 M 125 M 139 M 221 M - 219 M 217 M 216 M 429 M - 416 M 393 M 366 M 341 M 321 M 288 M 266 M 248 M 248 M 248 M 248 M 176 M 176 M 176 M 176 M 128 M 128 M 128 M 128 M 85.5 M 85.5 M 85.5 M 85.5 M 57.1 M 57.1 M 57.1 M 57.1 M 33.8 M 33.8 M 33.8 M 33.8 M 20.4 M 20.4 M 20.4 M 20.4 M 12 M 12 M 12 M 12 M - - - - - - - -

Total Assets

11.9 B 11.6 B 12.6 B 12.6 B 13.4 B 13.7 B - 13.3 B 13.1 B 12.8 B 13.6 B - 12.3 B 11.2 B 10.5 B 10.2 B 7.74 B 7.94 B 7.05 B 6.96 B 6.96 B 6.96 B 6.96 B 6.31 B 6.31 B 6.31 B 6.31 B 5.84 B 5.84 B 5.84 B 5.84 B 4.54 B 4.54 B 4.54 B 4.54 B 3.98 B 3.98 B 3.98 B 3.98 B 2.59 B 2.59 B 2.59 B 2.59 B 1.36 B 1.36 B 1.36 B 1.36 B 1.04 B 1.04 B 1.04 B 1.04 B - - - - - - - -

Cash and Cash Equivalents

1.73 B 1.06 B 1.01 B 1.02 B 1.11 B 1.42 B - 1.33 B 819 M 926 M 1.32 B - 318 M 174 M 932 M 1.12 B 783 M 970 M 468 M 630 M 630 M 630 M 630 M 65.4 M 65.4 M 65.4 M 65.4 M 67.3 M 67.3 M 67.3 M 67.3 M 120 M 120 M 120 M 120 M 598 M 598 M 598 M 598 M 216 M 216 M 216 M 216 M 29.7 M 29.7 M 29.7 M 29.7 M 57 M 57 M 57 M 57 M 63.1 M - - - 10.1 M - - -

Book Value

918 M 1.05 B 1.06 B 1.05 B 1.07 B 933 M - 925 M 919 M 916 M 1.13 B - 1.12 B 1.1 B 1.08 B 1.06 B 767 M 734 M 714 M 696 M 696 M 696 M 696 M 614 M 614 M 614 M 614 M 559 M 559 M 559 M 559 M 395 M 395 M 395 M 395 M 284 M 284 M 284 M 284 M 260 M 260 M 260 M 260 M 99.5 M 99.5 M 99.5 M 99.5 M 86.8 M 86.8 M 86.8 M 86.8 M - - - - - - - -

Total Shareholders Equity

918 M 1.05 B 1.06 B 1.05 B 1.07 B 933 M 929 M 925 M 919 M 916 M 1.13 B - 1.12 B 1.1 B 1.08 B 1.06 B 767 M 734 M 714 M 696 M 696 M 696 M 696 M 614 M 614 M 614 M 614 M 559 M 559 M 559 M 559 M 395 M 395 M 395 M 395 M 284 M 284 M 284 M 284 M 260 M 260 M 260 M 260 M 99.5 M 99.5 M 99.5 M 99.5 M 86.8 M 86.8 M 86.8 M 86.8 M 73.6 M - - - 49.2 M - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of First Foundation , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Banks regional

Issuer Price % 24h Market Cap Country
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BANF
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Camden National Corporation Camden National Corporation
CAC
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Carter Bankshares Carter Bankshares
CARE
$ 29.93 0.1 % $ 672 M usaUSA
Meta Financial Group Meta Financial Group
CASH
$ 73.27 0.18 % $ 1.71 B usaUSA
Bridgewater Bancshares Bridgewater Bancshares
BWB
$ 20.48 0.05 % $ 564 M usaUSA
Cathay General Bancorp Cathay General Bancorp
CATY
$ 60.47 0.02 % $ 4.18 B usaUSA
CB Financial Services CB Financial Services
CBFV
$ 37.11 2.66 % $ 187 M usaUSA
Community Bank System Community Bank System
CBU
$ 60.69 0.16 % $ 3.2 B usaUSA
Coastal Financial Corporation Coastal Financial Corporation
CCB
$ 43.91 0.6 % $ 661 M usaUSA
CNB Financial Corporation CNB Financial Corporation
CCNE
$ 33.43 0.03 % $ 822 M usaUSA
C&F Financial Corporation C&F Financial Corporation
CFFI
$ 91.39 1.01 % $ 296 M usaUSA
Citizens Financial Group Citizens Financial Group
CFG
$ 64.61 0.17 % $ 28 B usaUSA
ACNB Corporation ACNB Corporation
ACNB
$ 62.87 0.14 % $ 645 M usaUSA
Civista Bancshares Civista Bancshares
CIVB
$ 26.59 0.15 % $ 463 M usaUSA
Citizens Holding Company Citizens Holding Company
CIZN
- -5.65 % $ 49.5 M usaUSA
Capstar Financial Holdings Capstar Financial Holdings
CSTR
- - $ 425 M usaUSA
ChoiceOne Financial Services ChoiceOne Financial Services
COFS
$ 32.44 0.08 % $ 452 M usaUSA
Columbia Banking System Columbia Banking System
COLB
$ 28.85 0.17 % $ 6.87 B usaUSA
Central Pacific Financial Corp. Central Pacific Financial Corp.
CPF
$ 36.32 0.32 % $ 978 M usaUSA
Republic First Bancorp Republic First Bancorp
FRBK
- -55.86 % $ 19.7 M usaUSA
Community West Bancshares Community West Bancshares
CWBC
$ 25.42 0.04 % $ 225 M usaUSA
Flagstar Bancorp Flagstar Bancorp
FBC
- -0.08 % $ 2.02 B usaUSA
CrossFirst Bankshares CrossFirst Bankshares
CFB
- - $ 784 M usaUSA
Deutsche Bank Aktiengesellschaft Deutsche Bank Aktiengesellschaft
DB
$ 35.87 0.71 % $ 68.2 B germanyGermany
FFBW FFBW
FFBW
- - $ 68.2 M usaUSA
Eagle Bancorp Montana Eagle Bancorp Montana
EBMT
$ 21.2 0.58 % $ 165 M usaUSA
The First of Long Island Corporation The First of Long Island Corporation
FLIC
- 0.25 % $ 268 M usaUSA
Enterprise Financial Services Corp Enterprise Financial Services Corp
EFSC
$ 59.85 0.13 % $ 2.21 B usaUSA
Eagle Bancorp Eagle Bancorp
EGBN
$ 28.06 0.14 % $ 852 M usaUSA
FNCB Bancorp FNCB Bancorp
FNCB
- - $ 133 M usaUSA
FB Financial Corporation FB Financial Corporation
FBK
$ 52.64 0.04 % $ 2.62 B usaUSA
First Bancorp First Bancorp
FBNC
$ 62.22 0.08 % $ 2.56 B usaUSA
First BanCorp. First BanCorp.
FBP
$ 26.69 0.11 % $ 4.27 B puerto-ricoPuerto-rico
First Commonwealth Financial Corporation First Commonwealth Financial Corporation
FCF
$ 20.62 0.1 % $ 2.13 B usaUSA
Fidelity D & D Bancorp Fidelity D & D Bancorp
FDBC
$ 53.97 3.11 % $ 311 M usaUSA
First Financial Bancorp. First Financial Bancorp.
FFBC
$ 31.22 0.18 % $ 2.97 B usaUSA
First Financial Bankshares First Financial Bankshares
FFIN
$ 31.92 0.15 % $ 4.57 B usaUSA
First Guaranty Bancshares First Guaranty Bancshares
FGBI
$ 7.62 0.78 % $ 107 M usaUSA
First Horizon Corporation First Horizon Corporation
FHN
$ 23.02 0.13 % $ 11.6 B usaUSA
First Interstate BancSystem First Interstate BancSystem
FIBK
$ 36.02 0.05 % $ 3.69 B usaUSA
Farmers & Merchants Bancorp Farmers & Merchants Bancorp
FMAO
$ 34.58 0.08 % $ 475 M usaUSA
First Mid Bancshares First Mid Bancshares
FMBH
$ 48.71 0.24 % $ 1.16 B usaUSA
Farmers National Banc Corp. Farmers National Banc Corp.
FMNB
$ 15.18 0.1 % $ 568 M usaUSA
F.N.B. Corporation F.N.B. Corporation
FNB
$ 17.3 0.23 % $ 6.24 B usaUSA
The First Bancorp The First Bancorp
FNLC
$ 33.98 0.46 % $ 377 M usaUSA
Franklin Financial Services Corporation Franklin Financial Services Corporation
FRAF
$ 61.22 0.05 % $ 273 M usaUSA
First Merchants Corporation First Merchants Corporation
FRME
$ 40.03 0.05 % $ 2.3 B usaUSA
FS Bancorp FS Bancorp
FSBW
$ 43.46 0.14 % $ 327 M usaUSA
First US Bancshares First US Bancshares
FUSB
$ 16.46 0.55 % $ 95.8 M usaUSA