First Foundation (First Foundation) Credit Losses Provision : $-0.5 Mil (As of Dec. 2023)

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What is First Foundation Credit Losses Provision?

First Foundation's credit losses provision for the three months ended in Dec. 2023 was $0.2 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.5 Mil.

First Foundation's quarterly credit losses provision declined from Jun. 2023 ($0.9 Mil) to Sep. 2023 ($-2.0 Mil) but then increased from Sep. 2023 ($-2.0 Mil) to Dec. 2023 ($0.2 Mil).

First Foundation's annual credit losses provision declined from Dec. 2021 ($3.9 Mil) to Dec. 2022 ($0.5 Mil) and declined from Dec. 2022 ($0.5 Mil) to Dec. 2023 ($-0.5 Mil).

First Foundation Credit Losses Provision Historical Data

The historical data trend for First Foundation's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Foundation Credit Losses Provision Chart

First Foundation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.64

6.75

3.87

0.53

-0.48

First Foundation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															1.17	0.42	0.89	-2.02	0.23

First Foundation Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.5 Mil.

First Foundation (First Foundation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Foundation Inc (NYSE:FFWM) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

8F1:Germany

Address

200 Crescent Court, Suite 1400, Dallas, TX, USA, 75201

Website

https://www.ff-inc.com

First Foundation Inc is a financial services company. It is engaged in providing investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions, and private foundations. The company focuses on segments namely Banking and Wealth Management. It also offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties as well as business banking products and services to small to moderate-sized businesses, professional firms, and consumer banking products and services to individuals.

Executives

Keller Ulrich E. Jr	director, 10 percent owner, officer: EXECUTIVE CHAIRMAN	18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
James Britton	officer: Chief Financial Officer	C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
David G. Lake	director	18101 VON KARMAN AVE., SUITE 750, IRVINE CA 92612
Elizabeth A. Pagliarini	director	2 SOUTH POINTE DR., SUITE 100, LAKE FOREST CA 92630
Diane M. Rubin	director	40380 DESERT CREEK LANE, RANCHO MIRAGE CA 92270
Jacob Sonenshine	director	18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Max Briggs	director	18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Gabriel V. Vazquez	director	C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
John Hakopian	director, officer: PRES FIRST FOUNDATION ADVISORS	18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Scott F Kavanaugh	director, officer: CHIEF EXECUTIVE OFFICER	25342 DERBYHILL DR., LAGUNA HILLS CA 92653
Christopher M. Naghibi	officer: Chief Operating Officer	C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Amy Djou	officer: Chief Financial Officer	C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Hugo J. Nuno	officer: Chief Banking Officer	C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Gary L Tice	director
Mitchell M. Rosenberg	director	18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612