First Foundation Inc. announced a significant equity investment exceeding $225 million, anchored by prominent investors such as Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, and North Reef Capital. This substantial capital infusion is expected to bolster the company's financial position and support its strategic initiatives. The involvement of these well-regarded investment firms has likely instilled confidence among investors, contributing to the positive sentiment in after-hours trading.
First Foundation Inc. (FFWM) shares rose 4.92% to $7.67 in after-hours trading, following a decline of 5.19% to close at $7.31 on December 12, 2024.