First Foundation Inc. reported a net loss of $146.3 million, or $1.78 per share, for the third quarter of 2025. Shareholders' equity was $917.9 million as of September 30, 2025, compared to $1,050.6 million at June 30, 2025, and $1,069.8 million at September 30, 2024. The change from the previous quarter was primarily due to the net loss for the quarter, partially offset by a $12.6 million decrease in the net loss in accumulated other comprehensive income. The decrease in AOCI was due to a $12.8 million reduction in unrealized holding losses on the securities portfolio, offset by a $0.2 million loss related to the cash flow hedge. The quarter's results included a $65.0 million provision for credit losses and a $94.7 million valuation allowance on deferred tax assets. As of September 30, 2025, there were no declared dividends outstanding for preferred or common stock. During the period, the company announced a merger with FirstSun Capital Bancorp.