to adjust to a high-interest rate environment.
A spokeswoman for Dallas-based First Foundation declined to comment, citing a quiet period ahead of the company's upcoming fourth-quarter earnings report. First Foundation, the parent of First Foundation Bank and First Foundation Advisors, reported a profit of $29 million in the third quarter, down 13% from the prior-year period. Total revenue grew by about 5% to $99.9 million.
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