Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 67

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 67
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 less goodwill and intangible assets. The table below provides a reconciliation of the GAAP measure of book value per share to the non- GAAP measure of tangible book value per share as well as the GAAP measure of return on average equity to the non-GAAP measure of return on average tangible common equity.

| ​                                                    
 (in thousands, except percentages)                   | ​ 
 ​ | ​ 
 ​ | For the Year Ended December 31, 
 2024                            |   |           |   | ​ | ​ | 2023 |   |           |   | ​ | ​ | 2022 |   |           |   | ​ 
 ​ |
|:-----------------------------------------------------|:--|:--|:--------------------------------|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|
| Average shareholders’ equity                         | ​ | ​ | ​                               | $ | 1,000,903 | ​ | ​ | ​ | ​    | $ | 1,017,884 | ​ | ​ | ​ | ​    | $ | 1,100,684 | ​ | ​ |
| Less: Average preferred stock                        | ​ | ​ | ​                               | ​ |    52,480 | ​ | ​ | ​ | ​    | ​ |         — | ​ | ​ | ​ | ​    | ​ |         — | ​ | ​ |
| Average common equity.                               | ​ | ​ | ​                               | ​ |   948,423 | ​ | ​ | ​ | ​    | ​ | 1,017,884 | ​ | ​ | ​ | ​    | ​ | 1,100,684 | ​ | ​ |
| Less: Average goodwill and intangible assets         | ​ | ​ | ​                               | ​ |     4,176 | ​ | ​ | ​ | ​    | ​ |   105,093 | ​ | ​ | ​ | ​    | ​ |   222,393 | ​ | ​ |
| Average tangible common equity                       | ​ | ​ | ​                               | $ |   944,247 | ​ | ​ | ​ | ​    | $ |   912,791 | ​ | ​ | ​ | ​    | $ |   878,291 | ​ | ​ |
| Net (Loss) Income                                    | ​ | ​