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First Foundation Inc Stock Research

FFWM

7.32USD+0.51(+7.49%)Delayed

Market Summary

USD7.32+0.51
Delayed
7.49%

FFWM Alerts

FFWM Stock Price

FFWM RSI Chart

FFWM Valuation

Market Cap

412.8M

Price/Earnings (Trailing)

3.73

Price/Sales (Trailing)

1.02

EV/EBITDA

-0.52

Price/Free Cashflow

4.28

FFWM Price/Sales (Trailing)

FFWM Profitability

EBT Margin

37.09%

Return on Equity

9.74%

Return on Assets

0.85%

Free Cashflow Yield

23.37%

FFWM Fundamentals

FFWM Revenue

Revenue (TTM)

403.9M

Revenue Y/Y

94.81%

Revenue Q/Q

15.88%

FFWM Earnings

Earnings (TTM)

110.5M

Earnings Y/Y

-27.32%

Earnings Q/Q

-40.17%

Price Action

52 Week Range

6.5125.02
(Low)(High)

Last 7 days

-15.8%

Last 30 days

-51.2%

Last 90 days

-48.3%

Trailing 12 Months

-69.7%

FFWM Financial Health

FFWM Investor Care

Shares Dilution (1Y)

25.81%

Diluted EPS (TTM)

1.96

Peers (Alternatives to First Foundation)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
BNS
56.4B
40.0B
 -8.98% -31.24%
5.3
1.79
 34.99% -10.60%
MTB
20.1B
6.2B
 -25.47% -35.61%
14.56
3.21
 58.61% -25.85%
CFG
15.3B
7.1B
 -25.67% -34.02%
7.39
2.17
 45.54% -10.61%
MID-CAP
EWBC
7.7B
2.3B
 -27.78% -31.39%
6.84
3.32
 43.40% 29.22%
CBSH
6.9B
999.0M
 -12.47% -19.22%
14.12
6.9
 17.76% -7.98%
SIVB
6.3B
5.7B
 -67.21% -80.32%
3.9
1.11
 72.48% -22.38%
PB
5.8B
1.1B
 -15.03% -9.45%
10.96
5.25
 4.58% 1.01%
FFIN
4.6B
432.9M
 -13.79% -27.60%
19.55
10.59
 15.00% 3.04%
BPOP
3.9B
2.5B
 -23.06% -34.29%
3.54
1.58
 16.17% 17.94%
WAL
3.6B
2.7B
 -54.27% -60.94%
3.36
1.32
 62.28% 17.58%
SMALL-CAP
BANR
1.9B
450.9M
 -13.73% -5.77%
9.54
4.13
 1.16% -2.82%
SBCF
1.7B
380.5M
 -21.10% -30.57%
16.27
4.55
 51.31% -14.39%
HTLF
1.6B
674.7M
 -21.79% -19.17%
7.78
2.45
 14.59% -3.52%
LKFN
1.6B
239.6M
 -12.16% -14.61%
15.6
6.76
 23.99% 8.44%

Financials for First Foundation

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue17.9%404343296267247
EBITDA0.3%473471455421-
EBITDA Margin-14.9%1.17*1.38*1.54*1.57*-
Earnings Before Taxes-7.1%150161174164152
EBT Margin-21.2%0.37*0.47*0.59*0.61*-
Interest Expenses4.2%319306277254233
Net Income-5.6%111117125118110
Net Income Margin-19.9%0.27*0.34*0.42*0.44*-
Free Cahsflow-21.2%96.00122122101-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets5.6%13,01412,32911,24910,47510,196
    Cash Equivalents106.6%6563181749321,122
  Net PPE-1.3%36.0037.0037.0036.0038.00
Liabilities6.0%11,88011,20710,1469,3929,132
Shareholder's Equity1.1%1,1341,1221,1031,0831,064
  Retained Earnings2.7%427416393366341
  Additional Paid-In Capital0.0%720720719721721
Shares Outstanding-0.1%56.0056.0056.00--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-20.5%10112712710597.00
  Share Based Compensation3.9%4.003.003.003.003.00
Cashflow From Investing-35.0%-3,246-2,404-1,454-297-79.37
Cashflow From Financing47.9%2,6801,812532657474
  Dividend Payments9.3%25.0023.0021.0018.0016.00
  Buy Backs12.5%5.004.004.002.002.00

Risks for FFWM

What is the probability of a big loss on FFWM?

73.8%

Probability that First Foundation stock will be more than 20% underwater in next one year

46.1%

Probability that First Foundation stock will be more than 30% underwater in next one year.

27.3%

Probability that First Foundation stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FFWM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if First Foundation was unfortunately bought at previous high price.

Drawdowns

Returns for FFWM

Cumulative Returns on FFWM

-5.0%

7-Year Cumulative Returns

-15.4%

5-Year Cumulative Returns

-7.3%

3-Year Cumulative Returns

What are the long-term rolling returns for FFWM?

FIve years rolling returns for First Foundation.

Annualized Returns

Which funds bought or sold FFWM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
21.99
-54,022
1,425,980
 -%
2023-02-28
Voya Investment Management LLC
reduced
-58.97
-554,207
265,793
 -%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
added
8.02
-10,325
58,675
 -%
2023-02-21
MACQUARIE GROUP LTD
added
2.64
-6,197,000
26,538,000
 0.03%
2023-02-17
Coppell Advisory Solutions Corp.
new
-
188,294
188,294
 0.06%
2023-02-15
rhino investment partners, Inc
new
-
9,629,000
9,629,000
 4.15%
2023-02-15
MetLife Investment Management, LLC
unchanged
-
-101,765
381,235
 -%
2023-02-15
ALLIANCEBERNSTEIN L.P.
reduced
-4.15
-1,486,410
4,633,590
 -%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
-12,333
44,667
 -%
2023-02-15
HOWE & RUSLING INC
sold off
-100
-1,000
-
 -%

1–10 of 49

Latest Funds Activity

Are funds buying FFWM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FFWM
No. of Funds

FFWM Alerts

First Foundation News

Best Stocks

First Foundation (NASDAQ:FFWM) has been upgraded to a hold ....

Best Stocks,
21 hours ago

Marketing Sentinel

Does First Foundation Inc.'s (NASDAQ:FFWM) Current Price Make It ....

Marketing Sentinel,
24 hours ago

InvestorsObserver

Financial Services Stocks Moving Friday: SI, OXBR, AGBA, FFWM, DHHC, SNTG, RILY, HUT.

InvestorsObserver,
44 hours ago

MarketBeat

StockNews.com Upgrades First Foundation (NASDAQ:FFWM) to Hold.

MarketBeat,
2 days ago

Stocks Register

Can UBS Group AG (NYSE: UBS) Be A Safe Investment Now?.

Stocks Register,
3 days ago

Best Stocks

Brokerages have issued a consensus recommendation of "Hold" on ....

Best Stocks,
3 days ago

Orange County Business Journal

OC Banks Try to Weather SVB Collapse.

Orange County Business Journal,
5 days ago

InvestorsObserver

Does First Foundation Inc (FFWM) Have What it Takes to be in Your Portfolio Friday?.

InvestorsObserver,
8 days ago

Simply Wall St

Have Insiders Sold First Foundation Inc. (NASDAQ:FFWM) Shares Recently?.

Simply Wall St,
9 days ago

InvestorsObserver

Financial Services Stocks Moving Up and Down Friday: OPRT, ETCG, COIN, BTBT, FRC, FRBK, FFWM, GOCO.

InvestorsObserver,
9 days ago

InvestorPlace

Insiders Are Doubling Down on These 8 Bank Stocks.

InvestorPlace,
9 days ago

Investing.com UK

President of First Foundation Sold $1.60M In Stock By Benzinga.

Investing.com UK,
9 days ago

Defense World

TherapeuticsMD (NYSE:TXMD) Coverage Initiated by Analysts at ....

Defense World,
10 days ago

Defense World

Western Copper and Gold (NYSE:WRN) Coverage Initiated by ....

Defense World,
10 days ago

Seeking Alpha

First Republic Bank: 4 Reasons To Buy (NYSE:FRC).

Seeking Alpha,
11 days ago

InvestorsObserver

Financial Services Stocks Moving Tuesday: MCB, PACW, FRC, FFWM, OPRT, LOB, INTR, CMSQY.

InvestorsObserver,
11 days ago

Schedule 13G FIlings of First Foundation

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 07, 2023
blackrock inc.
7.9%
4,457,965
SC 13G/A
Jan 19, 2023
gmt capital corp
2.0%
1,117,814
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 03, 2022
blackrock inc.
5.5%
3,126,278
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A
Jan 29, 2021
blackrock inc.
6.6%
2,966,011
SC 13G/A
Feb 14, 2020
rmb capital management, llc
1.67%
744,165
SC 13G/A
Feb 07, 2020
fmr llc
-
0
SC 13G/A
Feb 05, 2020
blackrock inc.
6.3%
2,834,710
SC 13G

FFWM Fair Value

First Foundation fair value in different scenarios

The table shows the Fair Value estimates for First Foundation for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

26.27

258.88%

41.38

465.30%

81.28

1010.38%

177.10

2319.40%

238.40

3156.83%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical First Foundation Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of First Foundation

View All Filings
Date Filed Form Type Document
Mar 16, 2023
DEFA14A
DEFA14A
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
8-K
Current Report
Mar 15, 2023
DEFA14A
DEFA14A
Mar 15, 2023
DFAN14A
DFAN14A
Mar 13, 2023
8-K
Current Report
Mar 09, 2023
DEFA14A
DEFA14A
Mar 08, 2023
DFAN14A
DFAN14A

Latest Insider Trading transactions for FFWM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
HAKOPIAN JOHN
sold
-276,676
9.2667
-29,857
president, ffa
2023-03-14
Naghibi Christopher M.
bought
490
9.26
53.00
chief operating officer
2023-03-14
HAKOPIAN JOHN
sold
-524,376
9.34
-56,143
president, ffa
2023-03-14
KAVANAUGH SCOTT F
bought
19,217
9.6088
2,000
chief executive officer
2023-03-14
Naghibi Christopher M.
bought
1,490
9.615
155
chief operating officer
2023-03-13
HAKOPIAN JOHN
sold
-795,830
7.9583
-100,000
president, ffa
2023-02-28
HAKOPIAN JOHN
acquired
9,810
15.07
651
president, ffa
2023-02-28
HAKOPIAN JOHN
sold (taxes)
-2,381
15.07
-158
president, ffa
2023-02-28
Nuno Hugo J.
acquired
16,923
15.07
1,123
chief banking officer
2023-02-28
Naghibi Christopher M.
acquired
20,992
15.07
1,393
chief operating officer

1–10 of 50

About First Foundation

Scott F. Kavanaugh
www.ff-inc.com
670
First Foundation Inc., through its subsidiaries, provides personal banking, business banking, and private wealth management services in the United States. It operates through two segments, Banking and Wealth Management. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits. It also provides various specialized services comprising trust services, internet and mobile banking, remote deposit capture services, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services and equipment financing solutions. In addition, the company offers investment management and financial planning services; treasury management services; advisory and coordination services in the areas of estate planning, retirement planning, and charitable and business ownership issues; and financial, investment, and economic advisory and related services. Further, it provides support services, including the processing and transmission of financial and economic data for charitable organizations. The company operates through a network of 28 branch offices and 3 loan production offices in California, Nevada, Texas, and Hawaii. First Foundation Inc. was founded in 1985 and is headquartered in Dallas, Texas.

FFWM Income Statement

2022-12-31
CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:   
Loans$ 370,078$ 224,823$ 216,798
Securities26,41120,43525,688
FHLB Stock, fed funds sold and interest-bearing deposits7,3891,9601,405
Total interest income403,878247,218243,891
Interest expense:   
Deposits61,84513,45339,432
Borrowings23,3434817,815
Total interest expense85,18813,93447,247
Net interest income318,690233,284196,644
Provision for credit losses5323,8666,746
Net interest income after provision for credit losses318,158229,418189,898
Noninterest income:   
Asset management, consulting and other fees$ 38,787$ 36,022$ 29,465
Type of Revenue [Extensible List]us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMemberus-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMemberus-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans $ 21,459$ 15,140
Other income$ 9,44712,97210,042
Total noninterest income48,23470,45354,647
Noninterest expense:   
Compensation and benefits110,22287,90873,868
Occupancy and depreciation36,23624,97723,892
Professional services and marketing costs13,66012,2248,045
Customer service costs38,1788,7757,445
Other expenses18,29314,20212,528
Total noninterest expense216,589148,086125,778
Income before taxes on income149,803151,785118,767
Taxes on income39,29142,27434,398
Net income$ 110,512$ 109,511$ 84,369
Net income per share:   
Basic$ 1.96$ 2.42$ 1.89
Diluted$ 1.96$ 2.41$ 1.88
Shares used in computation:   
Basic56,422,45045,272,18344,639,430
Diluted56,490,06045,459,54044,900,805

FFWM Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Cash and cash equivalents$ 656,494$ 1,121,757
Securities available-for-sale ("AFS")237,5971,201,777
Securities held-to-maturity ("HTM")862,544 
Allowance for credit losses - investments(11,439)(10,399)
Net securities1,088,7021,191,378
Loans held for sale 501,436
Loans held for investment10,726,1936,906,728
Allowance for credit losses - loans(33,731)(33,776)
Net loans10,692,4626,872,952
Investment in FHLB stock25,35818,249
Deferred taxes24,19820,835
Premises and equipment, net36,14037,920
Real estate owned ("REO")6,2106,210
Goodwill and intangibles221,835222,125
Other assets262,780203,342
Total Assets13,014,17910,196,204
Liabilities:  
Deposits10,362,6128,811,960
Borrowings1,369,936210,127
Accounts payable and other liabilities147,253110,066
Total Liabilities11,879,8019,132,153
Shareholders' Equity  
Common Stock5656
Additional paid-in-capital719,606720,744
Retained earnings426,659340,976
Accumulated other comprehensive (loss) income(11,943)2,275
Total Shareholders' Equity1,134,3781,064,051
Total Liabilities and Shareholders' Equity$ 13,014,179$ 10,196,204