Item 2.02 Results of Operations and Financial Condition
On April 26, 2022, First Foundation Inc. (the "Company") issued an earnings
release reporting its consolidated financial results as of and for the quarter
ended March 31, 2022. A copy of that earnings release is attached as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by
reference.
In accordance with General Instruction B.2 of Form 8-K, the information
contained in this Item 2.02 and Exhibit 99.1 to this Current Report on Form 8-K
is 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, except as expressly set forth in Item 8.01 below.
Item 8.01 Other Events
On April 26, 2022, the Company announced that its Board of Directors authorized
a stock repurchase program, pursuant to which the Company may repurchase up to
$75 million of its common stock. This stock repurchase program replaces and
supersedes the stock repurchase program approved by the Board of Directors on
October 30, 2018, which had authorized the Company to repurchase up to 2,200,000
shares of its common stock. Under the new stock repurchase program, shares of
common stock may be repurchased by the Company from time to time in open market
transactions or in privately negotiated transactions as permitted under
applicable rules and regulations. The extent to which the Company repurchases
its shares and the timing of such repurchases will depend on market conditions
and other considerations as may be considered in the Company's sole discretion.
The stock repurchase program, which has no stated expiration date, does not
obligate the Company to repurchase any specific number of shares and may be
modified, suspended or discontinued at any time without notice. An earnings
release announcing the stock repurchase program was issued and is attached
hereto as Exhibit 99.1 and the disclosures under the headings "Stock Repurchase
Program" and "Forward-Looking Statements" are incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
99.1 Earnings Release dated April 26, 2022 announcing the consolidated
financial results of First Foundation Inc. as of and for the
quarter ended March 31, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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