FFWM - First Foundation: This Bank Is Suffering From The Choices Of 2022
2024-02-03 04:57:00 ET
Summary
- First Foundation, a small bank based in Dallas, Texas, is facing trouble due to mismanagement of capital allocation in 2022.
- The bank's loan portfolio has declined, with the loan-to-deposit ratio at 95% and deposits struggling to increase.
- The bank's growth prospects are limited, but C&I loans and the repricing of multifamily loans could provide some opportunities.
First Foundation ( FFWM ) is a small bank based in Dallas, Texas. It operates mainly in California, Florida, Texas, Hawaii, and Nevada....
First Foundation: This Bank Is Suffering From The Choices Of 2022