CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - UNAUDITED - USD ($) $ in Thousands	Common Stock	Preferred Stock	Convertible Warrants	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning balance at Dec. 31, 2023	$ 56			$ 720,899	$ 218,575	$ (14,187)	$ 925,343
Beginning balance (in shares) at Dec. 31, 2023	56,467,623
Net loss					(78,296)		(78,296)
Other comprehensive income						8,697	8,697
Stock based compensation				845			845
Cash dividend					(1,131)		(1,131)
Stock grants - vesting of restricted stock units	$ 1						1
Stock grants - vesting of restricted stock units (in shares)	97,780
Stock issued, value	$ 11	$ 138,462		35,307			35,318
Stock issued (in shares)	11,308,676	44,301
Issuance of warrants			$ 54,219				54,219
Issuance of warrants (in shares)			6
Issuance costs		$ (8,210)	$ (3,215)	(2,094)			(13,519)
Repurchase of shares from restricted shares vesting				(142)			(142)
Repurchase of shares from restricted shares vesting (in shares)	(18,995)
Ending balance at Sep. 30, 2024	$ 68	$ 130,252	$ 51,004	754,815	139,148	(5,490)	1,069,797
Ending balance (in shares) at Sep. 30, 2024	67,855,084	44,301	6
Beginning balance at Jun. 30, 2024	$ 57			721,814	221,321	(9,948)	933,244
Beginning balance (in shares) at Jun. 30, 2024	56,543,382
Net loss					(82,174)		(82,174)
Other comprehensive income						4,458	4,458
Stock based compensation				(212)			(212)
Stock grants - vesting of restricted stock units					1		1
Stock grants - vesting of restricted stock units (in shares)	3,026
Stock issued, value	$ 11	$ 138,462		35,307			35,318
Stock issued (in shares)	11,308,676	44,301
Issuance of warrants			$ 54,219				54,219
Issuance of warrants (in shares)			6
Issuance costs		$ (8,210)	$ (3,215)	(2,094)			(13,519)
Ending balance at Sep. 30, 2024	$ 68	$ 130,252	$ 51,004	754,815	139,148	(5,490)	1,069,797
Ending balance (in shares) at Sep. 30, 2024	67,855,084	44,301	6
Beginning balance at Dec. 31, 2024	$ 82	$ 87,649	$ 51,004	798,505	125,038	(8,915)	1,053,363
Beginning balance (in shares) at Dec. 31, 2024	82,365,388	29,811	6
Net loss					(147,117)		(147,117)
Other comprehensive income						7,145	7,145
Stock based compensation				5,371			5,371
Stock grants - vesting of restricted stock units (in shares)	32,312
Repurchase of shares from restricted shares vesting (in shares)	(8,603)
Conversion of preferred shares to common shares	$ 1						(851)
Conversion of preferred shares to common shares (in shares)	290,000
Converted stock in common shares (in shares)		(290)
Converted stock in common shares		$ (852)
Ending balance at Sep. 30, 2025	$ 83	$ 86,797	$ 51,004	803,876	(22,079)	(1,770)	917,911
Ending balance (in shares) at Sep. 30, 2025	82,679,097	29,521	6
Beginning balance at Jun. 30, 2025	$ 82	$ 87,649	$ 51,004	801,978	124,244	(14,331)	1,050,626
Beginning balance (in shares) at Jun. 30, 2025	82,386,071	29,811	6
Net loss					(146,323)		(146,323)
Other comprehensive income						12,561	12,561
Stock based compensation				1,898			1,898
Stock grants - vesting of restricted stock units (in shares)	3,026
Conversion of preferred shares to common shares	$ 1						(851)
Conversion of preferred shares to common shares (in shares)	290,000
Converted stock in common shares (in shares)		(290)
Converted stock in common shares		$ (852)
Ending balance at Sep. 30, 2025	$ 83	$ 86,797	$ 51,004	$ 803,876	$ (22,079)	$ (1,770)	$ 917,911
Ending balance (in shares) at Sep. 30, 2025	82,679,097	29,521	6

First Foundation Inc. 10-Q