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First Foundation inc   (NYSE: FFWM)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
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 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Business Update

First Foundation Inc. Makes Bold Moves Multifamily Loan Reclassification and Strong Profitability Signal Resi...

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. Sees Decline in Revenue and Profitability for Q1 2024, Tax Benefit Softens Downturn

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

First Foundation Inc Sees Revenue Decline of -30.493%, But Earnings Supported by $2.30 Million Income Tax Refund

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

First Foundation Inc. Emerges Stronger: Fifth Avenue Office Reopens in Naples, Florida

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 Slips into Red with Disappointing Second Quarter Revenue of $60.18 Million, Raises Concerns for Future Prospects



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.







First Foundation Inc's Segments





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