First Foundation Inc 2025年度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports); and (2)has been subject to such filingrequirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of RegulationS-T(§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared orissued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As of June30, 2025, the aggregate market value of the common stock held by non-affiliates of the registrant, computed by reference to the averagehigh and low sales prices on the New York Stock Exchange as of the close of business on June30, 2025, was approximately $305 million. As of March 4, 2026, there were 82,926,292 shares of registrant’s common stock outstanding. EXPLANATORY NOTE Unless we state otherwise or the context otherwise requires, all references to “we,” “our,” and “us” refer to FirstFoundation Inc., a Delaware corporation (“FFI” or the “Company”), and its consolidated subsidiaries, FirstFoundation Advisors (“FFA”) and First Foundation Bank (“FFB” or “Bank”), and FFB’s wholly owned subsidiaries,First Foundation Public Finance, andBlue Moon Management,LLC. The Company is filing this Amendment No.1 on Form 10-K/A(“Amendment”) to amend its Annual Report onForm10-K for the year ended December31, 2025 (“Form10-K”), which was originally filed with the U.S. Securitiesand Exchange Commission (“SEC”) on March 16, 2026 (“Original Filing Date”). This Amendment updates PartIII(Items 10-14) of the Form10-K to contain certain additional information required therein. In addition to the changes to PartIII to provide the omitted information, this Amendment amends Item 15 ofPartIV to include related certifications added to the list of Exhibits. Because no financial statements have beenincluded in this Amendment and this Amendment does not contain or amend any disclosure with respect toItems307and308ofRegulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. This Amendmentmakes no other changes to the Form10-K. This Amendment does not reflect events occurring after the filing of theForm10-K or modify disclosures affected by subsequent events. TABLE OF CONTENTS PART IIIItem 10Directors, Executive Officers and Corporate Governance1Item 11Executive Compensation9Item 12Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters32Item 13Certain Relationships and Related Transactions, and Director Independence34Item 14Principal Accountant Fees and Services35PART IVItem 15 Exhibits and Financial Statement Schedules36SignaturesS-1 PARTIII Item10.Directors, Executive Officers and Corporate Governance. Board of Directors Set forth below is a summary of the business experience and qualifications of the members of the Company’sBoard of Directors (the “Board”): Max A. Briggs, CFP. Mr. Briggs, age 60, has served as Chairman of the Board of the Company and FFB sinceJuly 2024. From 2005 to 2012, Mr. Briggs served as Chairman of the Board of Desert Commercial Bank (“DCB”). Hewas elected as a director of the Company following the Company’s acquisition of DCB in August 2012. Mr. Briggs is,and si