First Foundation Inc

Chart & Performance

D1W1MN

P/E

—

P/S

2.81

EPS

—

Div Yield, %

1.84%

Shrs. gr., 5y

5.80%

Rev. gr., 5y

-0.17%

Revenues

175m

-46.81%

Net income

-199m

CFO

-94.24%

Dividend

May 03, 20240.01 USD/sh

Earnings

Jan 23, 2025

Profile

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.

URL

https://firstfoundationinc.com/

IPO date

Nov 03, 2014

Employees

572

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	174,850 -46.81%	328,746 11.45%	294,962 20.96%
Cost of revenue	(314,544)	123,882	100,132
Unusual Expense (Income)
NOPBT	489,394	204,864	194,830
NOPBT Margin	279.89%	62.32%	66.05%
Operating Taxes	(1,000)	39,291	42,274
Tax Rate		19.18%	21.70%
NOPAT	490,394	165,573	152,556
Net income	(199,064) -280.13%	110,512 0.91%	109,511 29.80%
Dividends	(9,020)	(24,830)	(16,173)
Dividend yield	1.65%	3.07%	1.45%
Proceeds from repurchase of equity	(538)	(4,605)	1,037
BB yield	0.10%	0.57%	-0.09%
Debt
Debt current		1,182,794	173,068
Long-term debt	1,625,261	1,395,558	223,634
Deferred revenue
Other long-term liabilities	(21,404)	(1,222,683)	(210,127)
Net debt	(1,905,618)	606,998	(3,107,811)
Cash flow
Cash from operating activities	5,820	101,054	96,935
CAPEX	(8,211)	(4,583)	(3,207)
Cash from investing activities	134,879	(3,246,282)	(79,373)
Cash from financing activities	529,436	2,679,965	474,488
FCF	1,467,987	322,781	(256,238)
Balance
Cash	2,038,075	882,652	2,313,135
Long term investments	1,492,804	1,088,702	1,191,378
Excess cash	3,522,136	1,954,917	3,489,765
Stockholders' equity	204,444	414,772	343,307
Invested Capital	13,122,804	13,634,948	9,915,899
ROIC	3.67%	1.41%	1.82%
ROCE	3.67%	1.46%	1.90%
EV
Common stock shares outstanding	56,426	56,490	44,901
Price	9.68 -32.45%	14.33 -42.36%	24.86 24.30%
Market cap	546,205 -32.53%	809,503 -27.48%	1,116,234 24.30%
EV	(1,359,413)	1,416,501	(1,991,577)
EBITDA	497,593	213,572	201,674
EV/EBITDA		6.63
Interest	371,386	85,188	13,934
Interest/NOPBT	75.89%	41.58%	7.15%