First Foundation (FRA:8F1) Credit Losses Provision : €-0.3 Mil (As of Mar. 2024)

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What is First Foundation Credit Losses Provision?

First Foundation's credit losses provision for the three months ended in Mar. 2024 was €0.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.3 Mil.

First Foundation's quarterly credit losses provision increased from Sep. 2023 (€-1.9 Mil) to Dec. 2023 (€0.2 Mil) and increased from Dec. 2023 (€0.2 Mil) to Mar. 2024 (€0.5 Mil).

First Foundation's annual credit losses provision declined from Dec. 2021 (€3.4 Mil) to Dec. 2022 (€0.5 Mil) and declined from Dec. 2022 (€0.5 Mil) to Dec. 2023 (€-0.4 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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2.37

5.55

3.42

0.50

-0.44

First Foundation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.39	0.82	-1.89	0.21	0.53

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.3 Mil.

First Foundation (FRA:8F1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Foundation Inc (FRA:8F1) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

FFWM:USA

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.

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