|
|
First Foundation inc (NYSE: FFWM) |
|
Price: $5.5150
$-0.02 
-0.271%
|
| Day's High:
| $5.6293
| Week Perf:
| -1.52 %
|
| Day's Low: |
$ 5.49 |
30 Day Perf: |
8.14 % |
| Volume (M): |
519 |
52 Wk High: |
$ 8.52 |
| Volume (M$): |
$ 2,864 |
52 Wk Avg: |
$6.06 |
| Open: |
$5.50 |
52 Wk Low: |
$4.42 |
|
|
| Market Capitalization (Millions $) |
460 |
| Shares
Outstanding (Millions) |
83 |
| Employees |
197 |
| Revenues (TTM) (Millions $) |
114 |
| Net Income (TTM) (Millions $) |
-86 |
| Cash Flow (TTM) (Millions $) |
-574 |
| Capital Exp. (TTM) (Millions $) |
3 |
First Foundation Inc
We are a California based financial services company that provides a comprehensive
platform of personalized financial services to high net-worth individuals and
their families, family businesses and other affiliated organizations. We consider
high net-worth individuals to be individuals with net worth, excluding their
primary residence, of over $1.0 million. Our integrated platform provides investment
management, wealth planning, consulting, trust, banking products and services,
life insurance services and property and casualty insurance services to effectively
and efficiently meet the financial needs of our clients. We have also established
a lending platform that offers loans to individuals and entities that own and
operate multifamily residential and commercial real estate properties. In addition,
we provide business banking products and services to small to moderate-sized
businesses and professional firms, and consumer banking products and services
to individuals and families who would not be considered high net-worth.
Our strategy is focused on expanding our strong and stable client relationships
by delivering high quality, coordinated investment management, wealth planning,
consulting, trust and banking products and services. We are able to maintain
a client-focused approach by recruiting and retaining experienced and qualified
staff, including highly qualified relationship managers, bankers and financial
planners.
We intend to continue to grow our business by (i) cross-selling our services
among our wealth management and banking clients; (ii) obtaining new client referrals
from existing clients, attorney and accountant referral sources and through
referral agreements with asset custodial firms; (iii) marketing our services
directly to prospective new clients; (iv) adding experienced relationship managers
and bankers who may have established client relationships that we can serve;
(v) establishing de novo offices in select markets, both within and outside
our existing market areas; and (vi) making opportunistic acquisitions of complementary
businesses.
Our broad range of financial product and services are more consistent with
those offered by larger financial institutions, while our high level of personalized
service, accessibility and responsiveness to our clients are more typical of
the services offered by boutique investment management firms and community banks.
We believe this combination of an integrated platform of comprehensive financial
services and products and personalized and responsive service differentiates
us from many of our competitors and has contributed to the growth of our client
base and our business.
FFB is engaged in private and commercial banking, offering a broad range of
personal and business banking products and services and trust services to its
clients. Its banking services include a variety of deposit products, including
personal checking, savings and money market deposits and certificates of deposit,
single family real estate loans, and consumer loans. FFB also provides the convenience
of online and other personal banking services to its clients. FFB’s business
banking products and services include multifamily and commercial real estate
loans, commercial term loans and lines of credit, transaction and other deposit
accounts, online banking, mobile banking and enhanced business services. FFB
has also established a lending platform that offers loans to individuals and
entities who own and operate multifamily residential and commercial real estate
properties. In addition, FFB provides its products and services to individuals
and families who would not be considered high net-worth, small to moderate sized
businesses and professional firms. FFIS was established to provide life, property
and casualty agency insurance services as part of the platform of financial
products and services. FFIS provides insurance risk management solutions to
individuals, families and businesses.
Through FFB, we offer a wide range of loan products, deposit products, business
and personal banking services and trust services. Our loan products are designed
to meet the credit needs of our clients in a manner that, at the same time,
enables us to effectively manage the credit and interest rate risks inherent
in our lending activities.
Company Address: 200 Crescent Court Dallas 75201 TX
Company Phone Number: 638-9636 Stock Exchange / Ticker: NYSE FFWM
|
|
|
Customers Net Income fell by |
FFWM's Customers Net Profit Margin fell to |
-36.3 % |
10.95 %
|
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
| Business Update
Published Thu, Oct 3 2024 1:47 PM UTC
In a decisive move reflecting its strategic focus and response to market dynamics, First Foundation Inc. (NYSE: FFWM), a notable player in the financial services sector, has announced significant reclassifications within its multifamily portfolio. The company s recent decision to reclassify a substantial portion of its multifamily loans, amounting to a principal balance of $...
|
| First Foundation Inc
First Foundation Inc. (NYSE: FFWM), a prominent financial services company, has recently experienced a decline in revenue and profitability for the fiscal first quarter of 2024. The company recorded a revenue decline of -27.906% compared to the previous year, resulting in a deterioration of profitability by -93.33%. Revenue for the quarter was $50.49 million, down from $70.04 million in the prior year, while earnings per share dropped to $0.01 from $0.15 in the previous year.
In contrast to the previous quarter, revenue declined by -10.061% from $56.14 million, and earnings per share suffered a significant drop of -77.84% from $0.05 per share. Net profits for the period ending March 31, 2024, were $0.793 million, a decrease of -90.67% compared to $8.496 million in the corresponding period the previous year. Analyzing the sales numbers even further, it becomes evident that without $0.91 million in provisions on taxes, the downturn would have been even more burdensome, reaching -90.67%.
|
| First Foundation Inc
Over the last five trading days, the shares of First Foundation Inc have experienced a decrease of -0.76%, contributing to a year-to-date performance decline of -18.03%. While the shares are currently trading on the NYSE at 12.7% above its 52-week average, the company's financial results for the most recent fiscal period have shown a drastic decline in revenue, resulting in a negative impact on their bottom line.
The revenue for First Foundation Inc saw a significant drop of -30.493% to $56.14 million, compared to $80.77 million in the previous year. This decline in revenue caused the company's bottom line to deteriorate by -82.35%, with earnings per share falling to $0.05 from $0.26 in the prior year. The net earnings for the fourth quarter of 2023 dropped by -85.32% from $17.354 million, totaling $2.548 million. However, with provisions on taxes amounting to $2.30 million, the decline was slightly mitigated to -85.32%.
|
| Product Service News
Published Thu, Dec 21 2023 2:52 PM UTC
First Foundation Inc. (NYSE: FFWM), a prominent financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, has recently announced the joyous reopening of their Fifth Avenue office in Naples, Florida. This development comes after the unfortunate closure of the office for an extended period of fifteen months du...
|
| First Foundation Inc
First Foundation Inc, a regional bank listed on the NASDAQ, has experienced substantial fluctuations in its share price over the past few months. However, a deeper analysis of the company's financial results reveals a concerning trend. With disappointing revenue figures and net deficits, First Foundation Inc's future prospects may face an uphill battle.
Disappointing Financial Results:
The recently disclosed Jun 30, 2023 report shows a drastic drop in revenue for First Foundation Inc. Revenue plummeted by a staggering -36.678% to $60.18 million, highlighting significant challenges faced by the company in generating income. This decline in revenue signals potential difficulties in attracting new customers or maintaining existing ones.
|
| Per Share |
Current |
| Earnings (TTM) |
-1.25 $ |
| Revenues (TTM) |
1.36 $
|
| Cash Flow (TTM) |
- |
| Cash |
12.14 $
|
| Book Value |
12.7 $
|
| Dividend (TTM) |
0.01 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
-1.25 $
|
| Revenues (TTM) |
1.36 $ |
| Cash Flow (TTM) |
- |
| Cash |
12.14 $
|
| Book Value |
12.7 $ |
| Dividend (TTM) |
0.01 $ |
|
|
|
|
