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


 

First Foundation inc

FFWM's Financial Statements and Analysis



First Foundation inc reported in the forth quarter of 2023 net earnings per share of $0.05 a decrease by -82.35 % year on year from $0.26 and an improvement of 12.84 % from $0.04 realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.05 $  56 Mill
$-0.21     -82.35 % $-25M     -30.49 %



First Foundation Inc 's Revenue fell by -30.49 % in forth quarter of 2023 (Dec 31 2023) year on year, to $56 million and declined by -14.66 % sequentially.


First Foundation Inc is

More on FFWM's Income Statement



First Foundation Inc 's net income of $2.548 million in the forth quarter of 2023 decreased by -85.32 % from net earnings of $17.354 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 16.88 % from net income of $2.180 million realized in previous quarter.

More on FFWM's Growth

First Foundation Inc Inventories
FFWM's Cash flow In the forth quarter of 2023 company's net cash flow was $508 million, capital expenditures fell by -0.576231.25%, to $-2 millions compare to same quarter a year ago

More on FFWM's Cash flow Statement


First Foundation inc payed out dividend of $0.16 per share in last 52 weeks

In trailing twelve-month period First Foundation inc earned $ 0.10 cash per share, on a free-cash flow basis .

Book value grew by 0.77 % sequentially to $16.41 per share.
Tangible Book value grew to $ 16.32 per share from $ 16.19.

Company repurchased 0.06 million shares or 0.10 % in Dec 31 2023.
Interest Coverage Ratio was 0.46. Debt Coverage Ratio was 0.19.

More on FFWM's Dividends

 Market Capitalization (Millions) 389
 Shares Outstanding (Millions) 56
 Total Debt (Millions $) 173
 Revenue (TTM) (Millions $) 252
 Net Income (TTM) (Millions $) -199
 Cash Flow (TTM) (Millions $) 670
 Capital Exp. (TTM) (Millions $) -8
 Dividend TTM ($) 0.16 $
 Dividend Yield TTM (%) 0.58 %
 Employees (TTM) $ 295




First Foundation inc payed out dividend of $0.16 per share in the last 52 weeks

In trailing twelve-month period First Foundation inc had $ 0.10 cash flow per share, on a free-cash flow basis .

Book value grew by 0.77 % sequentially to $16.41 per share.
Tangible Book value grew to $ 16.32 per share from $ 16.19.

Company repurchased 0.06 million shares or 0.10 % in Dec 31 2023.
Interest Coverage Ratio was 0.46. Debt Coverage Ratio was 0.19.

More on FFWM's Balance Sheets

 Market Capitalization (Millions) 389
 Shares Outstanding (Millions) 56
 Total Debt (Millions $) 173
 Revenue (TTM) (Millions $) 252
 Net Income (TTM) (Millions $) -199
 Cash Flow (TTM) (Millions $) 670
 Capital Exp. (TTM) (Millions $) -8
 Dividend TTM ($) 0.16 $
 Dividend Yield TTM (%) 0.58 %
 Employees (TTM) $ 295
   


  News about First Foundation inc Earnings

Headline: 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. T...

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...

First Foundation Inc. Faces Alarming Decline in Earnings, Sparking Concern among Stock Market Investors

Investors in the stock market should approach First Foundation Inc's latest financial results with caution. The company has reported a significant decline in revenue of -22.794%, leading to a deterioration in profits of -72.73% for the first quarter of the 2023 earnings season. This is a concerning trend for investors, as a drop in earnings can lead to a decrease in stock prices.
The company's revenue for the first quarter of 2023 was $70.04 million, lower than the $90.71 million recorded in the preceding year. Earnings per share also declined from $0.55 to $0.15 in the same period. Additionally, the Q4 revenue deteriorated by -13.289% from $80.77 million, and profits plummeted by -41.33% from $0.26 per ...


Date modified: 2024-02-29T16:25:32+00:00





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